---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-26-000059"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2026-04-27T23:59:59+00:00"
generated_at: "2026-05-15T03:45:51.201284+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001409970-26-000059
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2026-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997026000059/0001409970-26-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997026000059/lc-20260427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-26-000059
- JSON: https://secwatch.observer/filing/0001409970-26-000059.json
- Plain text: https://secwatch.observer/filing/0001409970-26-000059.txt

## Key facts
- Earnings Releases
  LendingClub Corp reported financial results for first quarter ended March 31, 2026.
  - Period: first quarter ended March 31, 2026
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409970/000140997026000059/0001409970-26-000059-index.htm

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