secwatch.observer — SEC 8-K summary
======================================

Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001409970-26-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997026000059/0001409970-26-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997026000059/lc-20260427.htm
  HTML page:      https://secwatch.observer/filing/0001409970-26-000059

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