secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001409970-25-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub Q1 revenue up 20% to $217.7M, originations +21% to $2.0B
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- Net income $11.7M ($0.10 diluted EPS) vs $12.3M ($0.11 EPS) YoY.
- Pre-provision net revenue jumped 52% to $73.8M from $48.5M YoY.
- Crossed $100B in lifetime originations; net charge-off rate improved to 4.7% from 8.1% YoY.
- Deposits $8.9B (+18% YoY); total assets $10.5B (+13% YoY).
- Acquired AI spending intelligence platform Cushion and closed $100M Structured Certificates deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997025000015/0001409970-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997025000015/lc-20250429.htm
  HTML page:      https://secwatch.observer/filing/0001409970-25-000015

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