---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-24-000046"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:02:18.656152+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LendingClub Q3 revenue up 8% QoQ to $201.9M; net income flat at $14.5M; acquires Tally tech

## Summary
- Total assets grew 25% YTD to $11.0B, driven by $1.3B purchase of LendingClub-issued loan portfolio.
- Loan originations rose to $1.9B from $1.8B QoQ; net charge-off ratio improved to 5.4% from 6.2%.
- Book value per common share increased to $11.95 from $11.52 QoQ; tangible book value $11.19.
- Deposits increased to $9.5B from $8.1B; 88% FDIC-insured; Tier 1 leverage ratio 11.3%.
- Acquired Tally's credit card debt management technology to accelerate product roadmap.

## SEC filing metadata
- accession: 0001409970-24-000046
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000046/0001409970-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000046/lc-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-24-000046
- JSON: https://secwatch.observer/filing/0001409970-24-000046.json
- Plain text: https://secwatch.observer/filing/0001409970-24-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.