secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001409970-25-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Q4 revenue up 17% to $217M, originations up 13% to $1.85B
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- Net income of $9.7M vs $10.2M YoY; diluted EPS $0.08 vs $0.09; includes $3.2M Tally impairment.
- Pre-provision net revenue rose 34% to $74.3M; net charge-off ratio improved to 4.5% from 6.6%.
- Executed $400M loan sale out of held-for-sale portfolio to a new bank buyer.
- Total assets $10.6B (+20% YoY); deposits $9.1B (+24%); LevelUp Savings reached $1.2B.
- Book value $11.83 per share; tangible book value $11.09; consolidated Tier 1 leverage ratio 11.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997025000003/0001409970-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997025000003/lc-20250128.htm
  HTML page:      https://secwatch.observer/filing/0001409970-25-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer