LendingClub Q1 EPS $0.44 (+340% YoY); record pre-tax income $67.3M; originations up 31%

LendingClub Corp

2026-Q1 EPS reported $0.44

Net income $51.6M (EPS $0.44) vs $11.7M ($0.10) YoY, a 340% increase in diluted EPS.
Total net revenue $252.3M (+16% YoY); originations $2.7B (+31% YoY).
Provision for credit losses $0.4M, down from $58.1M; net charge-offs $42.5M vs $76.1M.
Rebranding to Happen Bank in summer 2026; expanded into home improvement loans in April.
Executed $26M of $100M buyback in Q1; ROE 13.7%, ROTCE 14.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

LendingClub Corp reported financial results for first quarter ended March 31, 2026.

Period: first quarter ended March 31, 2026
Result: reported results

Exact text from the filing

On April 27, 2026, LendingClub Corporation (“LendingClub”) issued a press release (the “Earnings Press Release”) regarding its financial results for the first quarter ended March 31, 2026.

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Source: SEC EDGAR

accession 0001409970-26-000059

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