Ronnie Momen
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.
Highest-materiality recent filing
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).
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.
Max materiality 0.85 · Median 0.68 · Most common event earnings