Highest-materiality recent filing
Happen Q2 2026: record pre-tax income $75.7M, EPS $0.50 (+52% YoY), originations +29% to $3.1B
Record pre-tax income $75.7M, net income $58.1M, diluted EPS $0.50 (up 52% YoY).
LendingClub renames to Happen, Inc.; moves stock listing to Nasdaq under HAPN
Company changed name from LendingClub Corporation to Happen, Inc., effective June 22, 2026.
LendingClub shareholders approve all five proposals at 2026 annual meeting
Class III directors Reimann, Sanborn, Zeisser elected with >76M votes each.
LendingClub to transfer NYSE listing to Nasdaq, new ticker HAPN
Voluntary transfer from NYSE to Nasdaq; last NYSE trade June 18, 2026, Nasdaq trading starts June 22, 2026.
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.
LendingClub Q4 net income $41.6M, EPS $0.35, revenue $266.5M (+23% YoY); originations +40% to $2.6B
GAAP net income $41.6M, diluted EPS $0.35 (vs $0.08 Q4 2024); full-year EPS $1.16 (vs $0.45).
LendingClub announces Chairman departure and appointment; CRO resigns
John C. (Hans) Morris resigns as Board Chairman after ~13 years; effective March 31, 2026.
Board approves up to $100M in stock repurchases and acquisitions through December 31, 2026.
LendingClub Q3 net income triples to $44.3M; originations +37%; BlackRock commits up to $1B
Diluted EPS $0.37 (+185% YoY); net income $44.3M (tripled from $14.5M).
LendingClub Q2 net income $38.2M, up 156% YoY; originations +32%, revenue +33%
Net income $38.2M ($0.33 diluted EPS) vs $14.9M ($0.13) a year ago.
LendingClub shareholders reject board declassification and supermajority removal
Director nominees Cutler, Morris, Selleck, Whiteside elected with over 65M votes each; 73.44% quorum.
LendingClub Q1 revenue up 20% to $217.7M, originations +21% to $2.0B
Net income $11.7M ($0.10 diluted EPS) vs $12.3M ($0.11 EPS) YoY.
LendingClub buys SF headquarters for $74.5M; expects to occupy in Spring 2026
Property at 88 Kearny St is 233,887 sq ft; purchase price $74.5M cash, funded from balance sheet.
LendingClub Q4 revenue up 17% to $217M, originations up 13% to $1.85B
Net income of $9.7M vs $10.2M YoY; diluted EPS $0.08 vs $0.09; includes $3.2M Tally impairment.
LendingClub Q3 revenue up 8% QoQ to $201.9M; net income flat at $14.5M; acquires Tally tech
Total assets grew 25% YTD to $11.0B, driven by $1.3B purchase of LendingClub-issued loan portfolio.
LendingClub Q2 2024: Net income $14.9M, EPS $0.13; originations up 10% sequentially to $1.8B
Net income $14.9M ($0.13 diluted EPS), up from $12.3M ($0.11) in Q1 2024; total net revenue $187.2M.
LendingClub holders reject board declassification and supermajority removal proposals
Elected directors Syed Faiz Ahmad, Allan Landon, Timothy Mayopoulos with >97% of votes cast.
LendingClub CBO Ronnie Momen resigns effective June 14, 2024
Chief Business Officer Ronnie Momen informed LendingClub of his resignation on June 3, 2024.
LendingClub Q1 2024 net income $12.3M, diluted EPS $0.11; originations $1.6B
Loan originations of $1.6B, comparable to prior quarter; net revenue $180.7M (down from $245.7M YoY).
LendingClub Bank operating agreement with OCC expires on Feb 2, 2024
Operating agreement entered in Feb 2021 with OCC upon bank formation has expired per its terms.
LendingClub Q4 net income $10.2M, revenue $185.6M; marketplace originations up 21% QoQ
Q4 net income $10.2M ($0.09 diluted EPS); revenue $185.6M, down 29% YoY from $262.7M.
LendingClub insiders buy 120,000 shares on open market
Each non-employee director and the CEO, CFO, corporate controller purchased 10,000 shares on Oct 31, 2023.
LendingClub Q3 net income $5M, EPS $0.05; revenue down 14% QoQ
Net income $5.0M ($0.05 diluted EPS) vs $10.1M ($0.09) prior quarter and $43.2M ($0.41) year ago.
Workforce reduction of ~14% (172 employees) as part of cost reduction plan to navigate macro headwinds.
LendingClub Q2 2023 net income $10.1M (EPS $0.09), revenue $232.5M, down QoQ
Net income $10.1M, diluted EPS $0.09, vs $13.7M ($0.13) prior quarter and $46.8M ($0.45) excluding tax benefit YoY.
LendingClub shareholders OK directors, say-on-pay, equity plan; two charter amendments fail
Directors Reimann, Sanborn, and Zeisser elected as Class III directors with >64M votes each.
LendingClub Q1 net income $13.7M, revenue $245.7M; deposits rise 13% sequentially
Net income of $13.7M ($0.13 diluted EPS), down 42% vs Q4 2022 net income of $23.6M.
LendingClub appoints former Walmart CCO Janey Whiteside to board
Janey Whiteside joined LendingClub's Board of Directors effective April 20, 2023 as a Class II director.
LendingClub appoints former JPMorgan Chase Vice Chairman Stephen Cutler to board
Stephen Cutler appointed to LendingClub board effective March 23, 2023, as Class II director.
LendingClub discloses $21M SVB deposit exposure, deems it not material to liquidity or capital
Silicon Valley Bank put under FDIC control on March 10, 2023; LendingClub has $21M on deposit.
LendingClub Q4 net income $23.6M; FY22 revenue $1.2B, up 45% YoY
FY2022 total net revenue $1.2B (+45% YoY); net income $289.7M vs $18.6M in 2021.
LendingClub to engage stockholders on potential equity plan proposal for 2023 Annual Meeting
Company announced it will solicit feedback on compensation and governance as part of stockholder engagement.
LendingClub cuts 14% workforce, expects $25-30M annual savings; provides preliminary Q4 results
Workforce reduction of 225 employees (14%); expects $25-30M annualized compensation savings.
LendingClub acquires $1.05B personal loan portfolio from MUFG Union Bank
Portfolio of unsecured personal loans with $1.05B principal balance acquired from MUFG Union Bank.
LendingClub Q3 revenue $304.9M (+24% YoY), EPS $0.41 (+58% YoY)
Total net revenue $304.9M, up 24% YoY; diluted EPS $0.41, up 58% YoY.
LendingClub appoints two new board directors; Patricia McCord resigns
Appointed Faiz Ahmad (former CEO Direct to Consumer at Optum) and Kathryn Reimann (former CCO at CitiBank) to Board, effective Aug 15, 2022.
Tom Casey retiring as CFO and from Board effective Aug 31, 2022; will remain an employee through Jan 1, 2023.
LendingClub Q2 record revenue $330M; adjusted net income $46.8M up 399% YoY
Total revenue $330.1M (+61% YoY); net interest income $116.2M (+153% YoY).
LendingClub shareholders approve forum selection, but board declassification proposal fails
Federal forum selection provision approved (54.2M votes for); Certificate of Amendment filed June 7.
LendingClub Q1 revenue $289.5M (+174% YoY); net income $40.8M, raises FY 2022 outlook
Revenue of $289.5M doubled YoY; net income $40.8M vs. loss of $47.1M in Q1 2021.
Director Susan Athey will not stand for re-election at LendingClub's 2022 annual meeting
Susan Athey notified LendingClub on April 13, 2022, that she will not seek re-election at the June 2, 2022 annual meeting.
LendingClub posts record Q4 revenue $262.2M and EPS $0.27; 2022 net income guidance $130-$150M
Q4 2021 revenue $262.2M, net income $29.1M ($0.27 diluted EPS), exceeding high end of guidance.
LendingClub Q3 record revenue $246.2M, net income $27.2M; raises FY2021 outlook
Record revenue $246.2M (+20% sequential); net income $27.2M (+190% sequential).
Director Adrienne Harris resigns from LendingClub board to become NY DFS superintendent
Adrienne Harris resigned effective Sept 12, 2021, to pursue nomination as NY DFS superintendent.
LendingClub posts Q2 net income $9.4M, revenue up 93% QoQ; raises FY revenue target to $750-780M
Record Q2 net income of $9.4M vs. $47.1M loss prior quarter; revenue $204.4M (+93% QoQ).
LendingClub settles FTC investigation for $18M, already accrued; no admission of liability
Settlement with FTC for $18M consumer remediation payment, already accrued in prior periods.
LendingClub appoints Adrienne Harris to Board of Directors, effective July 29, 2021
Adrienne Harris, age 39, appointed as Class II director; will serve until 2022 annual meeting.
Bahman Koohestani's employment terminates without cause; final day September 1, 2021.
LendingClub furnishes reclassified historical financials under bank holding company rules
Balance sheets and income statements for 2019-2020 recast to conform with Article 9 of Reg S-X.
On June 3, 2024, Ronnie Momen, the Chief Business Officer of LendingClub Corporation (the “Company”), informed the Company of his intent to resign from the Company effective as of June 14, 2024.
On October 6, 2023, as part of the Plan, the Company and its chief administrative officer, Brandon Pace, agreed to consolidate certain leadership roles within the Company’s legal department (the “Consolidation”) and thereby eliminate the chief administrative officer position as of October 19, 2023 (the “Effective Date”).
On April 20, 2023, the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Janey Whiteside, age 51, to the Board, effective immediately.
On March 23, 2023, the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Stephen Cutler, age 61, to the Board, effective immediately.
Accordingly, the final day of employment with the Company for the current chief capital officer, Valerie Kay, will be February 25, 2023.
the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.
On July 29, 2022, Patricia McCord notified the Company of her resignation, effective September 30, 2022, from the Board and all committees of the Board.
the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.
the Board approved the appointment of Andrew LaBenne, age 48, as the Company’s Chief Financial Officer effective September 1, 2022.
Thomas Casey notified LendingClub Corporation (the “Company”) of his intention to: (i) retire from his role as Chief Financial Officer at the Company and (ii) resign from his position on the Company's Board of Directors (the “Board”), each effective August 31, 2022.
Thomas Casey notified LendingClub Corporation (the “Company”) of his intention to: (i) retire from his role as Chief Financial Officer at the Company and (ii) resign from his position on the Company's Board of Directors (the “Board”), each effective August 31, 2022.
On April 13, 2022, Susan Athey notified LendingClub Corporation (the “Company”) of her intention to not stand for re-election to the Company’s Board of Directors (the “Board”) at the Company’s 2022 annual meeting of stockholders on June 2, 2022 (the “2022 Annual Meeting”).
Max materiality 0.85 · Median 0.65 · Most common event earnings