LendingClub Corporation (LC)

LendingClub to Transfer Listing to Nasdaq; New Ticker Symbol "HAPN" to Reflect the Launch of Happen BankJune 2, 2026 4:05 PM
PR Newswire (US) Expected First Day of Trading on the Nasdaq Stock Exchange on Monday, June 22, 2026 Company to Ring the Nasdaq Opening Bell on Tuesday, June 30, 2026SAN FRANCISCO, June 2, 2026 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced that it will transfer the listing of its common stock to the Nasdaq Stock Market ("Nasdaq") from the New York Stock Exchange ("NYSE"). The company's common stock is expected to begin trading on the Nasdaq Global Select Market on June 22, 2026, under the new ticker symbol – HAPN – to reflect the rebranding of LendingClub Bank to Happen Bank.The transfer to Nasdaq reflects the company's position as a growth-oriented, digital bank and strengthens its alignment with investors focused on companies using technology and innovation to drive long-term shareholder value."We were founded on the belief that technology could make lending better – and it worked," said Scott Sanborn, LendingClub CEO. "We've since evolved beyond lending into a diversified digital-first bank combining deposits, lending, and a capital-light marketplace model. Just as the Happen Bank brand better reflects everything we do for our members, our move to Nasdaq better reflects the technology and innovation that has always been part of our DNA.""Nasdaq is proud to welcome LendingClub as it begins this exciting new chapter," said J.R. Mastroianni, Head of Exchange Transfers, Listings Services at Nasdaq. "The company's focus on using technology to make it easy to make smart financial decisions aligns closely with our community of innovation-driven companies, and we look forward to supporting its continued growth."No action is required by existing shareholders with respect to the transfer of the listing or the ticker symbol change. LendingClub's common stock is expected to continue to be listed under the NYSE ticker symbol "LC" through market close on June 18, 2026.The company plans to commemorate its new listing by participating in the Nasdaq Opening Bell Ceremony on Tuesday, June 30, 2026, at the Nasdaq MarketSite in New York City.About LendingClubLendingClub Bank — soon to be Happen Bank — is a digital bank built for the Motivated Middle: high-FICO, high-income, digitally savvy consumers actively managing their financial lives. Our difference? We make it easy for them to access award-winning products that help them keep more of what they earn and earn more on what they save. Our products are aligned by design to reward our five million plus members when they take positive financial steps like saving regularly or making loan payments on time.Our success is fueled by our advanced credit underwriting, a proprietary technology platform engineered for innovation, and a marketplace bank model that drives value for members, loan investors, and shareholders alike. The result is affordable credit, meaningful value, and a trusted banking relationship — delivered consistently and profitably at scale.As we look to our next chapter, we're choosing a name that reflects why we exist: to clear the way for our members to make it happen. Learn more at: https://www.meethappen.com/.LendingClub Corporation (NYSE: LC) — soon to be Happen, Inc. — is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com.Safe Harbor StatementSome of the statements in this press release, including statements regarding the timing and impact of our listing on Nasdaq and rebranding initiative, are "forward-looking statements." Words such as "plan", "expect", "anticipate" and similar expressions may identify forward-looking statements, although not all forward-looking statements may contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: macroeconomic conditions, completing onboarding with Nasdaq, and those factors set forth in the section titled "Risk Factors" in LendingClub Corporation's most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in its subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.ContactsFor Media: Press@lendingclub.com
For Investors: IR@lendingclub.com View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingclub-to-transfer-listing-to-nasdaq-new-ticker-symbol-hapn-to-reflect-the-launch-of-happen-bank-302789099.htmlSOURCE LendingClub Corporation Original: LendingClub to Transfer Listing to Nasdaq; New Ticker Symbol "HAPN" to Reflect the Launch of Happen Bank

LendingClub Reports First Quarter 2026 ResultsApril 27, 2026 4:05 PM
PR Newswire (US)

Strong Performance Across Key Metrics 
Delivered Record $67.3 Million Pre-Tax Income, 13.7% ROE, and 14.5% ROTCE
Increased Originations +31% and Delivered Diluted EPS of $0.44, +340%
Rebranding to Happen Bank in Summer 2026SAN FRANCISCO, April 27, 2026 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced financial results for the first quarter ended March 31, 2026.







"We're starting 2026 with exceptional momentum, delivering 31% year-over-year growth in originations while achieving record pre-tax earnings of $67 million and ROTCE of 14.5%," said Scott Sanborn, LendingClub CEO. "At the same time, we advanced key strategic priorities, including the upcoming rebrand to Happen Bank, expanding into the $500 billion home improvement loan category, and maintaining our credit outperformance. Our focused, proven strategy is successfully attracting and retaining high-quality members as we continue generating consistent, durable returns."First Quarter 2026 ResultsHighlights: Announced new brand, Happen Bank, launching summer 2026, reflecting both our expanded banking capabilities and our core mission: to clear the way for people going places.Began underwriting and originating home improvement loans in April, leveraging distinct advantages over incumbents and opening meaningful opportunity for growth.Achieved $2.7 billion in origination volume, up 31% compared to the prior year, driven in part by the successful execution of product and marketing initiatives.Diluted EPS of $0.44, more than quadrupled compared to the prior year.Continued credit outperformance vs. competitor set, with over 40% lower delinquencies.AI-powered automation and agent support tools led to record personal loans operations production efficiency in the first quarter and a record-high >90% automation rate for issued loans.Executed $26 million of the $100 million Stock Repurchase and Acquisition Program, with cumulative utilization through March totaling $38 million.Balance Sheet:Total assets of $11.9 billion, up 14% year-over-year, primarily due to growth in loans and securities.Deposits of $10.2 billion, up 14% year-over-year, with 88% of deposits FDIC-insured.Robust available liquidity of $3.7 billion.Strong capital position with a consolidated Tier 1 leverage ratio of 11.9% and a CET1 capital ratio of 17.0%.Financial Performance: Loan originations grew 31% to $2.7 billion, compared to $2.0 billion in the prior year, driven by the successful execution of product and marketing initiatives.Total net revenue increased 16% to $252.3 million, compared to $217.7 million in the prior year, driven by higher loan sales and loan sale pricing and higher net interest margin on a larger balance sheet.Net interest margin expanded to 6.28%, compared to 5.97% in the prior year, driven primarily by improved deposit funding costs. Provision for credit losses of $0.4 million, compared to $58.1 million in the prior year, due to strong credit performance and the 2026 election of fair value option (FVO) accounting for all new originations.Net charge-offs on total loans and leases held for investment improved to $42.5 million, compared to $76.1 million in the same quarter in the prior year, supported by strong credit performance.Net income and Diluted EPS more than quadrupled to $51.6 million and $0.44, respectively, compared to  $11.7 million and $0.10 in the prior year, respectively.Profit margin (pre-tax) of 26.7%, compared to 7.2% in the prior year.Return on Equity (ROE) of 13.7% with a Return on Tangible Common Equity (ROTCE) of 14.5%.Summary Financial Highlights:

Three Months Ended($ in millions, except per share amounts)March 31,
2026
December 31,
2025
March 31,
2025Total net revenue$           252.3
$           266.5
$           217.7Provision for credit losses0.4
47.2
58.1Non-interest expense184.5
169.3
143.9Income before income tax expense67.3
50.0
15.7Income tax expense(15.7)
(8.5)
(4.0)Net income$            51.6
$            41.6
$            11.7





Diluted EPS$            0.44
$            0.35
$            0.10For a calculation of Tangible Book Value Per Common Share and Return on Tangible Common Equity, refer to the "Reconciliation of GAAP to Non-GAAP Financial Measures" tables at the end of this release.2026 Strategic Priorities & InvestmentsLendingClub has made important progress on several strategic initiatives:Corporate Rebrand: Rebranding to Happen BankTM, a bank that clears the way for people going places, providing fast and easy access to award-winning products that help them save more of what they earn and earn more on what they save. The new brand reflects LendingClub's transition from a pioneering online lender to a diversified digital-first bank that combines deposits, lending, and a capital-light marketplace bank model. The company will transition to the new brand this summer. Rebrand-related costs are included in the 2026 financial guidance.Home Improvement Financing: Having previously acquired foundational technology and key talent, LendingClub is now underwriting and originating home improvement loans through its initial partnership with the Wisetack platform. Inbound interest from additional potential partners has been significant. Home improvement financing is a $500 billion market where LendingClub has distinct advantages over incumbents and a meaningful opportunity for growth.AI and Operating Efficiency: The company has over 60 active AI initiatives underway across marketing, product, engineering, operations, customer experience, and compliance, with the goal of improving efficiency and supporting margin expansion over time. AI-powered automation and agent support tools have already led to record personal loans operations production efficiency and a record-high >90% automation rate for issued loans in the first quarter.New Marketing Channel Investment: LendingClub accelerated investments in new acquisition channels, including paid social and display, ahead of normal seasonal timing in order to build attribution models and data capabilities for the full-year 2026 growth plan. Successful execution of marketing and product initiatives contributed to a 31% year-over-year increase in originations growth in the first quarter.Transition to Fair Value Option Accounting: Starting first quarter of 2026, LendingClub has adopted FVO accounting for all new originations of loans held for investment. This change aligns the accounting treatment for loans held for investment and held for sale, creating a consistent framework across the business and removing the front-loaded CECL reserve impact that corresponds to balance sheet growth. The company expects this transition will, over time, result in higher return on invested capital.From a financial reporting perspective, under FVO, new loans are marked to fair value at origination, with subsequent changes in fair value, reflecting both credit performance and market conditions, flowing through non-interest income each quarter rather than through a separate provision for credit losses. The company will no longer record a CECL provision on new loan originations.Financial Outlook

Second Quarter 2026Loan originations$3.0B to $3.1BDiluted EPS$0.40 to $0.45


Full Year 2026Loan originations$11.6B to $12.6BDiluted EPS$1.65 to $1.80About LendingClubLendingClub Bank (soon to be Happen BankTM) is a digital bank built for the Motivated Middle: high-FICO, high-income, digitally savvy consumers actively managing their financial lives. Our difference? We make it easy for them to access award-winning products that help them keep more of what they earn and earn more on what they save. Our products are aligned by design to reward our five million plus members when they take positive financial steps, like saving regularly or making loan payments on time.Our success is fueled by our advanced credit underwriting, a proprietary technology platform engineered for innovation, and a marketplace bank model that drives value for members, loan investors, and shareholders alike. The result is affordable credit, meaningful value, and a trusted banking relationship delivered consistently and profitably at scale.As we look to our next chapter, we're choosing a name that reflects why we exist: to clear the way for our members to make it happen. Learn more at https://www.meethappen.com. LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com. Conference Call and Webcast InformationThe LendingClub first quarter 2026 webcast and teleconference is scheduled to begin at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on Monday, April 27, 2026. A live webcast of the call will be available at http://ir.lendingclub.com under the Filings & Financials menu in Quarterly Results. To listen to the call, register using this link: https://events.q4inc.com/attendee/442019885 ten minutes prior to 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time). An audio archive of the call will be available at http://ir.lendingclub.com. LendingClub has used, and intends to use, its investor relations website, X (formerly Twitter) handles (@LendingClub and @LendingClubIR) and Facebook page (https://www.facebook.com/LendingClubTeam) as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD.Question SubmissionsPrior to quarterly earnings, investors have the ability to submit and upvote questions for LendingClub's management team to consider. To participate, visit the link provided in each quarter's earnings date announcement.Contacts
For Investors:
IR@lendingclub.comMedia Contact:
Press@lendingclub.comNon-GAAP Financial MeasuresTo supplement our financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: Tangible Book Value (TBV) Per Common Share and Return on Tangible Common Equity (ROTCE). Our non-GAAP financial measures do have limitations as analytical tools and you should not consider them in isolation or as a substitute for an analysis of our results under GAAP.We believe these non-GAAP financial measures provide management and investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies.We believe TBV Per Common Share is an important measure used to evaluate the company's use of equity. TBV Per Common Share is a non-GAAP financial measure representing tangible common equity for the period (common equity reduced by goodwill and customer relationship intangible assets), divided by the ending number of common shares issued and outstanding.We believe ROTCE is an important measure because it reflects the company's ability to generate income from its core assets. ROTCE is a non-GAAP financial measure calculated by dividing annualized net income by the average tangible common equity for the applicable period.For a reconciliation of such measures to the nearest GAAP measures, please refer to the tables on page 11 of this release.Safe Harbor StatementSome of the statements above, including statements regarding our entry into home improvement financing, our rebranding initiative, and anticipated future performance and financial results, are "forward-looking statements." The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "outlook," "plan," "predict," "project," "should," "will," "would" and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our loan performance, our ability to continue to attract and retain new and existing borrowers and marketplace investors (including retaining long-term investors through the duration of their expected partnership and achieving the anticipated level of purchases); competition; overall economic conditions; our ability to integrate acquired technology; the interest rate and/or regulatory environment; default rates and those factors set forth in the section titled "Risk Factors" in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in our subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. LENDINGCLUB CORPORATION
OPERATING HIGHLIGHTS
(In thousands, except percentages or as noted)
(Unaudited) 
As of and for the three months ended
% Change
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025
Q/Q
Y/YOperating Highlights:Net interest income$  176,234
$    163,027
$    158,439
$  154,249
$  149,957
8 %
18 %Non-interest income76,017
103,444
107,792
94,186
67,754
(27) %
12 %Total net revenue252,251
266,471
266,231
248,435
217,711
(5) %
16 %Provision for credit losses390
47,158
46,280
39,733
58,149
(99) %
(99) %Non-interest expense184,533
169,284
162,713
154,718
143,867
9 %
28 %Income before income tax expense67,328
50,029
57,238
53,984
15,695
35 %
329 %Income tax expense(15,725)
(8,475)
(12,964)
(15,806)
(4,024)
86 %
291 %Net income$   51,603
$     41,554
$      44,274
$   38,178
$   11,671
24 %
342 %Diluted EPS$       0.44
$         0.35
$          0.37
$       0.33
$       0.10
26 %
340 %













Total loan originations (in millions)(1)$     2,669
$       2,637
$        2,656
$     2,433
$     2,032
1 %
31 %Current period originations sold or held
     for sale $     1,717
$       2,090
$        2,027
$     1,702
$     1,314
(18) %
31 %Current period originations held for
     investment$        952
$          547
$           629
$        731
$       717
74 %
33 %













Total servicing portfolio (in millions)(2)$  13,854
$     13,423
$      12,986
$   12,524
$   12,241
3 %
13 %Loans serviced for others$    7,750
$       7,601
$        7,612
$     7,185
$     7,130
2 %
9 %













Performance Metrics:Net interest margin6.28 %
5.98 %
6.18 %
6.14 %
5.97 %



Profit margin(3)26.7 %
18.8 %
21.5 %
21.7 %
7.2 %



Return on average equity (ROE)(4)13.7 %
11.3 %
12.4 %
11.1 %
3.5 %



Return on tangible common equity (ROTCE)(5)(6)14.5 %
11.9 %
13.2 %
11.8 %
3.7 %



Return on average total assets (ROA)(7)1.8 %
1.5 %
1.7 %
1.5 %
0.4 %



Marketing expense as a % of loan      originations(1)2.08 %
1.73 %
1.53 %
1.38 %
1.44 %

















Average balance - total loans and leases held for investment$ 4,797,639
$  4,767,573
$  4,890,619
$ 4,899,272
$ 5,030,204
1 %
(5) %Net charge-offs - total loans and leases      held for investment$   42,493
$     47,852
$      41,899
$   46,078
$   76,128
(11) %
(44) %Net charge-off ratio - total loans and leases      held for investment(8)3.5 %
4.0 %
3.4 %
3.8 %
6.1 %

















Capital Metrics:Common equity Tier 1 capital ratio17.0 %
17.4 %
18.0 %
17.5 %
17.8 %



Tier 1 leverage ratio11.9 %
12.0 %
12.3 %
12.2 %
11.7 %



Book value per common share$    13.19
$      13.01
$       12.68
$    12.25
$    11.95
1 %
10 %Tangible book value per common share(6)$    12.49
$      12.30
$       11.95
$    11.53
$    11.22
2 %
11 %(1)  Beginning in the first quarter of 2026, includes all loans originated during the respective periods (unsecured consumer loans, auto loans and      small business loans). Previously this included unsecured consumer loans and auto loans only. In the first quarter of 2026, this update      included $15 million of small business loan originations. Prior periods have been reclassified to conform to the current period presentation.(2)  Reflects loans serviced on our platform, which includes unsecured consumer loans and auto loans serviced for others for which servicing      rights are retained by the Company.(3)  Calculated as the ratio of income before income tax expense to total net revenue.(4)  Calculated as annualized net income divided by average equity for the period presented.(5)  Calculated as annualized net income divided by average tangible common equity for the period presented.(6)  Represents a non-GAAP financial measure. See "Reconciliation of GAAP to Non-GAAP Financial Measures."(7)  Calculated as annualized net income divided by average total assets for the period presented.(8)  Beginning in the first quarter of 2026, the net charge-off ratio is calculated as annualized net charge-offs for total loans and leases held for      investment (at amortized cost and fair value) divided by average total outstanding loans and leases held for investment during the period.      Prior to the first quarter of 2026, this was calculated based on loans and leases held for investment at amortized cost only. Prior period      amounts have been reclassified to conform to the current period presentation. LENDINGCLUB CORPORATION
OPERATING HIGHLIGHTS (Continued)
(In thousands, except percentages or as noted)
(Unaudited)




As of the period ended
% Change
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025
Q/Q
Y/YBalance Sheet Data:Securities available for sale$   3,867,576
$     3,706,709
$      3,742,304
$   3,527,142
$   3,426,571
4 %
13 %Loans held for sale$   1,836,121
$     1,762,396
$      1,213,140
$   1,008,168
$      703,378
4 %
161 %Loans and leases held for investment$   4,700,990
$     4,470,383
$      4,573,425
$   4,765,068
$   4,790,138
5 %
(2) %Total loans and leases$   6,537,111
$     6,232,779
$      5,786,565
$   5,773,236
$   5,493,516
5 %
19 %Total assets$ 11,939,839
$   11,567,816
$    11,072,515
$ 10,775,333
$ 10,483,096
3 %
14 %Total deposits$ 10,189,511
$     9,833,870
$      9,388,233
$   9,136,124
$   8,905,902
4 %
14 %Total liabilities$ 10,416,311
$   10,067,388
$      9,610,302
$   9,369,298
$   9,118,579
3 %
14 %Total equity$   1,523,528
$     1,500,428
$      1,462,213
$   1,406,035
$   1,364,517
2 %
12 % LENDINGCLUB CORPORATION
LOANS AND LEASES HELD FOR INVESTMENT BY DELINQUENCY STATUS
(In thousands)
(Unaudited) The following tables present loans and leases held for investment (at amortized cost and fair value) by delinquency status(1):March 31, 2026Current
30-59
Days
60-89
Days
90 or More
Days
Total
Guaranteed
Amount (2)Unsecured consumer (3)$ 3,703,293
$   22,006
$   18,305
$     16,826
$ 3,760,430
$            —Residential mortgages147,730
1,719
—
25
149,474
—Secured consumer341,829
3,012
545
237
345,623
—Total consumer loans held for investment4,192,852
26,737
18,850
17,088
4,255,527
—











Equipment finance (4)32,824
—
—
3,623
36,447
—Commercial real estate (5)480,877
—
399
10,295
491,571
38,372Commercial and industrial129,103
3,662
1,417
20,122
154,304
107,816Total commercial loans and leases held for investment642,804
$     3,662
$     1,816
$     34,040
$    682,322
$      146,188Total loans and leases held for investment$ 4,835,656
$   30,399
$   20,666
$     51,128
$ 4,937,849
$      146,188
December 31, 2025Current
30-59
Days
60-89
Days
90 or More
Days
Total
Guaranteed
Amount (2)Unsecured consumer (3)$ 3,600,434
$   24,075
$   19,685
$    18,929
$ 3,663,123
$            —Residential mortgages150,099
—
888
86
151,073
—Secured consumer257,063
3,015
596
395
261,069
—Total consumer loans held for investment4,007,596
27,090
21,169
19,410
4,075,265
—











Equipment finance (4)35,973
696
—
3,088
39,757
—Commercial real estate (5)461,307
—
—
11,182
472,489
39,507Commercial and industrial133,526
1,540
1,878
20,074
157,018
108,826Total commercial loans and leases held for investment630,806
2,236
1,878
34,344
669,264
148,333Total loans and leases held for investment$ 4,638,402
$   29,326
$   23,047
$    53,754
$ 4,744,529
$      148,333(1)   Beginning in the first quarter of 2026, amounts include loans and leases held for investment measured at both        amortized cost and fair value. Prior to the first quarter of 2026, amounts included loans and leases held for        investment at amortized cost only.(2)   Represents loan balances guaranteed by the Small Business Association (SBA).(3)   Excludes basis adjustment for loans previously designated in fair value hedges under the portfolio layer        method of $0.8 million and $1.6 million as of March 31, 2026 and December 31, 2025, respectively.(4)   Comprised of sales-type leases for equipment.(5)   Includes $307.0 million and $286.8 million in loans originated through the SBA as of March 31, 2026 and        December 31, 2025, respectively. LENDINGCLUB CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except share and per share data)
(Unaudited)

Three Months Ended
Change (%)
March 31,
2026
December 31,
2025
March 31,
2025
Q1 2026 vs Q4 2025
Q1 2026 vs Q1 2025Interest income:








Interest on loans (1)$       199,897
$        185,814
$       166,173
8 %
20 %Interest on securities available for sale54,411
55,948
56,280
(3) %
(3) %Other interest income6,899
8,824
9,606
(22) %
(28) %Total interest income$       261,207
$        250,586
$       232,059
4 %
13 %









Interest expense:








Interest on deposits84,971
87,558
82,100
(3) %
3 %Other interest expense2
1
2
100 %
— %Total interest expense84,973
87,559
82,102
(3) %
3 %









Net interest income176,234
163,027
149,957
8 %
18 %









Non-interest income:








Origination fees (2)130,088
109,562
69,944
19 %
86 %Servicing fees (2)13,113
12,845
12,748
2 %
3 %Gain on sales of loans (2)16,269
15,546
12,202
5 %
33 %Net fair value adjustments (2)(88,925)
(39,451)
(29,251)
(125) %
(204) %Other non-interest income5,472
4,942
2,111
11 %
159 %Total non-interest income76,017
103,444
67,754
(27) %
12 %









Total net revenue252,251
266,471
217,711
(5) %
16 %









Provision for credit losses390
47,158
58,149
(99) %
(99) %









Non-interest expense:








Compensation and benefits65,514
60,638
58,389
8 %
12 %Marketing55,415
45,680
29,239
21 %
90 %Equipment and software15,293
14,410
14,644
6 %
4 %Depreciation and amortization15,819
16,641
13,909
(5) %
14 %Professional services11,767
11,353
9,764
4 %
21 %Occupancy6,391
5,457
4,345
17 %
47 %Other non-interest expense14,334
15,105
13,577
(5) %
6 %Total non-interest expense184,533
169,284
143,867
9 %
28 %









Income before income tax expense67,328
50,029
15,695
35 %
329 %Income tax expense(15,725)
(8,475)
(4,024)
86 %
291 %Net income$        51,603
$         41,554
$        11,671
24 %
342 %









Net income per share:








Basic EPS$           0.45
$            0.36
$           0.10
25 %
350 %Diluted EPS$           0.44
$            0.35
$           0.10
26 %
340 %Weighted-average common shares – Basic115,400,564
115,334,621
113,693,399
— %
2 %Weighted-average common shares – Diluted   117,333,435
118,855,315
116,176,898
(1) %
1 %(1)  Beginning in the first quarter of 2026, we combined "Interest on loans held for sale," "Interest and fees on loans and leases held for       investment," and "Interest on loans held for investment at fair value," into a single line item called "Interest on loans." Prior period       amounts have been reclassified to conform to the current period presentation.(2)  Beginning in the first quarter of 2026, these components previously aggregated under "Marketplace revenue" on the Income Statement,       are now presented as separate line items. Prior period amounts have been reclassified to conform to the current period presentation. LENDINGCLUB CORPORATION
NET INTEREST INCOME
(In thousands, except percentages or as noted)
(Unaudited)

Consolidated LendingClub Corporation (1)
Three Months EndedMarch 31, 2026
Three Months EndedDecember 31, 2025
Three Months EndedMarch 31, 2025
Average
Balance
Interest Income/
Expense
Average Yield/
Rate
Average
Balance
Interest Income/
Expense
Average Yield/
Rate
Average
Balance
Interest Income/
Expense
Average Yield/
RateInterest-earning assets (2)
















Cash, cash equivalents,      restricted cash and other$   775,385
$  6,899
3.56 %
$  905,427
$   8,824
3.90 %
$  893,058
$   9,606
4.30 %Securities available for sale      at fair value3,737,199
54,411
5.82 %
3,695,980
55,948
6.06 %
3,397,720
56,280
6.63 %Loans held for sale at fair      value1,910,017
64,531
13.51 %
1,530,624
51,006
13.33 %
723,972
21,814
12.05 %Loans held for investment      at fair value807,486
25,467
12.62 %
455,168
12,292
10.80 %
921,008
25,410
11.04 %Loans and leases held for      investment at amortized      cost:
















Unsecured consumer      loans2,934,584
94,763
12.92 %
3,252,204
106,716
13.13 %
3,097,136
104,722
13.53 %Commercial and      secured consumer loans1,055,569
15,136
5.74 %
1,060,201
15,800
5.96 %
1,012,060
14,227
5.62 %Loans and leases held for      investment at amortized      cost3,990,153
109,899
11.02 %
4,312,405
122,516
11.36 %
4,109,196
118,949
11.58 %Total loans and leases held      for investment4,797,639
135,366
11.29 %
4,767,573
134,808
11.31 %
5,030,204
144,359
11.48 %Total interest-earning      assets11,220,240
261,207
9.31 %
10,899,604
250,586
9.20 %
10,044,954
232,059
9.24 %

















Cash and due from banks      and restricted cash26,343




32,308




30,084



Allowance for loan and      lease losses(262,466)




(275,187)




(239,608)



Other non-interest earning      assets668,486




644,221




593,740



Total assets$ 11,652,603




$ 11,300,946




$ 10,429,170





















Interest-bearing liabilities
















Interest-bearing deposits (3):
















Savings and money market accounts6,694,780
58,714
3.56 %
6,478,888
60,960
3.73 %
5,917,852
55,881
3.83 %Certificates of deposit2,488,015
25,174
4.10 %
2,400,374
25,377
4.19 %
2,172,242
24,866
4.64 %Checking accounts393,963
1,083
1.12 %
396,430
1,221
1.22 %
430,449
1,353
1.27 %Interest-bearing deposits9,576,758
84,971
3.60 %
9,275,692
87,558
3.75 %
8,520,543
82,100
3.91 %Other interest-bearing      liabilities222
2
3.79 %
109
1
4.28 %
222
2
4.47 %Total interest-bearing      liabilities9,576,980
84,973
3.60 %
9,275,801
87,559
3.75 %
8,520,765
82,102
3.91 %Noninterest-bearing      deposits334,136




311,147




321,777



Other liabilities233,776




240,642




237,155



Total liabilities$ 10,144,892




$   9,827,590




$   9,079,697





















Total equity$   1,507,711




$   1,473,356




$   1,349,473



Total liabilities and equity$ 11,652,603




$ 11,300,946




$ 10,429,170





















Interest rate spread



5.71 %




5.45 %




5.33 %

















Net interest income and      net interest margin

$ 176,234
6.28 %


$ 163,027
5.98 %


$ 149,957
5.97 %(1)  Consolidated presentation reflects intercompany eliminations.(2)  Nonaccrual loans and any related income are included in their respective loan categories.(3)  Prior period amounts have been reclassified to conform to the current period presentation. LENDINGCLUB CORPORATION
CONSOLIDATED BALANCE SHEETS
(In Thousands, Except Share and Per Share Amounts)
(Unaudited)
March 31,
2026
December 31,
2025Assets


Cash and due from banks$          19,528
$        11,749Interest-bearing deposits in banks782,415
905,905Total cash and cash equivalents801,943
917,654Restricted cash19,919
12,783Securities available for sale at fair value ($3,908,834 and $3,733,780 at amortized      cost, respectively)3,867,576
3,706,709Loans held for sale at fair value1,836,121
1,762,396Loans held for investment at fair value1,237,850
473,314Loans and leases held for investment3,700,837
4,272,812Allowance for loan and lease losses(237,697)
(275,743)Loans and leases held for investment, net3,463,140
3,997,069Property, equipment and software, net273,472
254,088Goodwill75,717
75,717Other assets364,101
368,086Total assets$     11,939,839
$   11,567,816Liabilities and Equity


Deposits:


Interest-bearing$       9,781,568
$    9,459,483Noninterest-bearing407,943
374,387Total deposits10,189,511
9,833,870Other liabilities226,800
233,518Total liabilities10,416,311
10,067,388Equity


Common stock, $0.01 par value; 180,000,000 shares authorized; 115,497,890 and      115,368,987 shares issued and outstanding, respectively1,155
1,154Additional paid-in capital1,701,280
1,719,233Accumulated deficit(150,196)
(201,799)Accumulated other comprehensive loss(28,711)
(18,160)Total equity1,523,528
1,500,428Total liabilities and equity$     11,939,839
$   11,567,816 LENDINGCLUB CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except share and per share data)
(Unaudited) Tangible Book Value Per Common Share
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025GAAP common equity$      1,523,528
$      1,500,428
$      1,462,213
$      1,406,035
$      1,364,517Less: Goodwill(75,717)
(75,717)
(75,717)
(75,717)
(75,717)Less: Customer relationship intangible      assets(5,039)
(5,685)
(8,206)
(7,068)
(7,778)Tangible common equity$      1,442,772
$      1,419,026
$      1,378,290
$      1,323,250
$      1,281,022









Book value per common shareGAAP common equity$      1,523,528
$      1,500,428
$      1,462,213
$      1,406,035
$      1,364,517Common shares issued and outstanding115,497,890
115,368,987
115,301,440
114,740,147
114,199,832Book value per common share$             13.19
$             13.01
$             12.68
$             12.25
$             11.95









Tangible book value per common shareTangible common equity$      1,442,772
$      1,419,026
$      1,378,290
$      1,323,250
$      1,281,022Common shares issued and outstanding115,497,890
115,368,987
115,301,440
114,740,147
114,199,832Tangible book value per common share$             12.49
$             12.30
$             11.95
$             11.53
$             11.22 Return On Tangible Common Equity
For the three months ended
March 31,
2026
December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025Average GAAP common equity$    1,507,711
$    1,473,356
$    1,424,538
$    1,381,199
$    1,349,473Less: Average goodwill(75,717)
(75,717)
(75,717)
(75,717)
(75,717)Less: Average customer relationship      intangible assets(5,362)
(6,031)
(6,722)
(7,423)
(8,182)Average tangible common equity$    1,426,632
$    1,391,608
$    1,342,099
$    1,298,059
$    1,265,574









Return on average equityAnnualized GAAP net income$       206,412
$       166,216
$       177,096
$       152,712
$         46,684Average GAAP common equity$    1,507,711
$    1,473,356
$    1,424,538
$    1,381,199
$    1,349,473Return on average equity13.7 %
11.3 %
12.4 %
11.1 %
3.5 %









Return on tangible common equityAnnualized GAAP net income$      206,412
$      166,216
$      177,096
$      152,712
$       46,684Average tangible common equity$   1,426,632
$   1,391,608
$   1,342,099
$   1,298,059
$  1,265,574Return on tangible common equity14.5 %
11.9 %
13.2 %
11.8 %
3.7 % 



View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingclub-reports-first-quarter-2026-results-302754594.htmlSOURCE LendingClub Corporation

Original: LendingClub Reports First Quarter 2026 Results

LendingClub Launches Home Improvement Financing; Begins Underwriting and Originating Loans Through Inaugural Partnership with WisetackApril 27, 2026 4:07 PM
PR Newswire (US)

SAN FRANCISCO, April 27, 2026 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced it has started underwriting and originating home improvement loans through its inaugural partnership with Wisetack, a platform embedded with over 40,000 contractors and growing.







LendingClub brings its expertise, proprietary credit models, and bank balance sheet directly to the point of sale for consumers seeking convenient and affordable financing for home improvement projects."We're excited to begin originating loans within the $500 billion home improvement market, where we have distinct advantages over incumbents and a meaningful opportunity for growth," said Steve Mattics, Chief Lending Officer at LendingClub. "This space is distinctly on brand for us. By combining our advanced underwriting and credit decisioning with Wisetack's embedded platform, we're able to clear the way for people to make meaningful home improvement projects happen while also helping contractors grow their own businesses. It's the type of win-win we're always striving for."Through the Wisetack platform, loans up to $65,000 are originated by LendingClub and offered seamlessly within contractor and merchant workflows. LendingClub's underwriting system, which is informed by more than 150 billion cells of proprietary data, enables real-time credit decisions and supports access to larger loan amounts with transparent terms. The benefits of the partnership are clear:Homeowners get instant offers and real-time approvals that allow them to make their projects happen, andContractors get immediate funding and better close rates, especially on larger projects."LendingClub's move to originate loans strengthens the financing experience across our platform, helping more contractors offer flexible payment options that enable homeowners to move forward with larger projects," said Bobby Tzekin, Founder and CEO of Wisetack.Reinforced by LendingClub's investment in Wisetack, both companies plan to continue scaling the partnership, expanding the range of LendingClub-originated financing solutions available across the platform."We've been really impressed with Wisetack's team and platform," said Scott Sanborn, LendingClub CEO, "so impressed that we have also made an investment in the company to help accelerate our future together."The U.S. home improvement market represents an estimated $500 billion in annual spending, driven by aging housing inventory and a continued preference among homeowners to renovate rather than relocate. LendingClub's expansion into the home improvement financing vertical is a natural extension of its point-of-sale financing expertise. This represents a powerful new opportunity to attract, delight, and engage consumers in moments that matter – and represents a perfect example of how LendingClub's members use credit responsibly to make it happen.About LendingClubLendingClub Bank (soon to be Happen Bank) is a digital bank built for the Motivated Middle: high-FICO, high-income, digitally savvy consumers actively managing their financial lives. Our difference? We make it easy for them to access award-winning products that help them keep more of what they earn and earn more on what they save. Our products are aligned by design to reward our five million members when they take positive financial steps, like saving regularly or making loan payments on time.Our success is fueled by our advanced credit underwriting, a proprietary technology platform engineered for innovation, and a marketplace bank model that drives value for members, loan investors, and shareholders alike. The result is affordable credit, meaningful value, and a trusted banking relationship delivered consistently and profitably at scale.As we look to our next chapter, we're choosing a name that reflects why we exist: to clear the way for our members to make it happen. Learn more at https://www.meethappen.com.LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. Loans originated pursuant to the partnership with Wisetack are underwritten and originated by LendingClub Bank. For more information about LendingClub, visit https://www.lendingclub.com.About WisetackWisetack is the leading embedded platform for consumer financing for home services and home improvement, with presence in other verticals such as elective medical and car repair. Wisetack partners with software companies to embed consumer financing options into their customer-facing applications through simple APIs. Wisetack's extensive network of merchants rely on Wisetack to offer their customers affordable pay-over-time options at point of sale.Founded in 2018 in San Francisco by an experienced team of leaders in the financial technology industry, Wisetack is backed by leading VCs such as Greylock Partners, Quadrille Capital, Insight Partners, and Bain Capital Ventures. Payment options through Wisetack are provided by its lending partners and subject to credit approval. Terms may vary.Safe Harbor StatementSome of the statements in this press release, including statements regarding the growth and benefits of our partnership with Wisetack, are "forward-looking statements." Words such as "plan", "delivers" and similar expressions may identify forward-looking statements, although not all forward-looking statements may contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to develop and operate a compelling offering in the home improvement lending space, macroeconomic conditions, loan demand and performance, and those factors set forth in the section titled "Risk Factors" in LendingClub Corporation's most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in its subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.CONTACTS:LendingClub
Media Contact: Press@lendingclub.com
For Investors: IR@lendingclub.com Wisetack
Media Contact: Press@wisetack.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingclub-launches-home-improvement-financing-begins-underwriting-and-originating-loans-through-inaugural-partnership-with-wisetack-302754592.htmlSOURCE LendingClub Corporation

Original: LendingClub Launches Home Improvement Financing; Begins Underwriting and Originating Loans Through Inaugural Partnership with Wisetack

LendingClub Schedules First Quarter 2026 Earnings Release and Conference CallApril 7, 2026 4:05 PM
PR Newswire (US)

SAN FRANCISCO, April 7, 2026 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), which operates America's leading digital marketplace bank, announced that it will report earnings for the first quarter of 2026 after the market closes on Monday, April 27, 2026. LendingClub will host a conference call to discuss the first quarter 2026 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.







Submission of Conference Call Questions
In addition to questions asked live by analysts during the call, the company will also accept for consideration questions submitted via email prior to 12:00 p.m. Pacific Time (3:00 p.m. Eastern Time) on Friday, April 24, 2026. Please email questions to ir@lendingclub.com.Additionally, LendingClub will offer the opportunity to submit and upvote questions via the Say Technologies platform. Beginning Tuesday, April 14, 2026 at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time), eligible stockholders may submit and vote on questions, with the most upvoted questions considered for inclusion during the call. Additional details and the submission link will be available at https://app.saytechnologies.com/lendingclub-2026-q1.Webcast Information
A live webcast of the call will be available at http://ir.lendingclub.com under the Events & Presentations menu. To listen to the call, register using this link: https://events.q4inc.com/attendee/442019885 ten minutes prior to 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).Replay
An audio archive of the call will be available at http://ir.lendingclub.com.About LendingClub
LendingClub is reimagining what a bank can be by building our business around a simple belief: when our members win, we win. Leveraging innovative technology and engaging mobile-first experiences, our integrated suite of financial products helps people keep more of what they earn and earn more on what they save. Our 5+ million members love us for providing quick and easy access to affordable credit and rewarding their smart financial choices, like making on-time payments, saving regularly, and taking control of debt.Getting credit right is a key driver of our success. Our advanced underwriting models are informed by over 150 billion cells of proprietary data, derived from tens of millions of repayment events across economic cycles. Our leading credit expertise combined with our resilient bank foundation, capital-light loan marketplace, decades of lending experience, and talented team have enabled us to deliver lasting value to members, loan investors, and shareholders alike. And we're just getting started.LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com.CONTACT:
For Investors: IR@lendingclub.com 
Media Contact: Press@lendingclub.com



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Original: LendingClub Schedules First Quarter 2026 Earnings Release and Conference Call

LendingClub Reports Fourth Quarter and Full Year 2025 ResultsJanuary 28, 2026 4:05 PM
PR Newswire (US)

 Delivered $41.6 million GAAP Net Income, 11.3% ROE and 11.9% ROTCE in fourth quarter
Increased Originations +40%, Revenue +23%, and Diluted EPS +338% in fourth quarter compared to prior year
For the full year 2025: Grew Originations +33%, Revenue +27%, and Diluted EPS +158% compared to prior yearSAN FRANCISCO, Jan. 28, 2026 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced financial results for the fourth quarter and full year ended December 31, 2025.







"We closed out a fantastic year with another strong quarter, delivering 40% originations growth and ROTCE approaching 12%," said Scott Sanborn, LendingClub CEO. "On a full-year basis, we grew originations 33% and more than doubled EPS. We're entering 2026 from a position of strength, with product innovations and marketing investments taking hold while credit continues to outperform. Our entry into home improvement financing is creating new opportunities and we also expect to leverage ongoing operating discipline and AI efficiencies to further strengthen the earnings power of the company."Fourth Quarter 2025 ResultsHighlights: Achieved $2.6 billion in origination volume, up 40% compared to the prior year, driven by the successful execution of product and marketing initiatives.More than quadrupled Diluted EPS to $0.35 compared to the prior year.Continued to deliver credit outperformance vs. competitor set, with over 40% better performance.Executed $11.9 million of the $100 million Stock Repurchase and Acquisition Program.Announced entry into home improvement financing through foundational tech and talent acquisition and a distribution partnership.Showcased distinct competitive advantages and near-term and medium-term growth strategy at Investor Day.Balance Sheet:Total assets of $11.6 billion, up 9% year-over-year, supported primarily by growth in loans on the balance sheet.Deposits of $9.8 billion, up 8% year-over-year, driven by growth in consumer accounts.88% of total deposits are FDIC-insured.Robust available liquidity of $4.0 billion.Strong capital position with a consolidated Tier 1 leverage ratio of 12.0% and a CET1 capital ratio of 17.4%.Financial Performance: Loan originations grew 40% to $2.6 billion, compared to $1.8 billion in the prior year.Total net revenue increased 23% to $266.5 million, compared to $217.2 million in the prior year, driven by higher marketplace sales and loan sale pricing, strong credit performance, and higher net interest margin on a larger balance sheet.Net interest margin expanded to 5.98%, compared to 5.42% in the prior year, driven by improved deposit funding costs. Provision for credit losses of $47.2 million, compared to $63.2 million in the prior year, driven by strong credit performance and fewer loans held-for-investment at amortized cost in the period.Net charge-offs in the held-for-investment at amortized cost loan portfolio improved to $40.1 million, compared to $46.0 million in the prior year, driven by strong credit performance as well as portfolio composition and maturity.Net income and Diluted EPS more than quadrupled to $41.6 million and $0.35, respectively, compared to  $9.7 million and $0.08 in the prior year, respectively.Return on Equity (ROE) of 11.3% with a Return on Tangible Common Equity (ROTCE) of 11.9%.Pre-Provision Net Revenue (PPNR) increased 31% to $97.2 million, compared to $74.3 million in the prior year. 
Three Months Ended
Year Ended
($ in millions, except per share
amounts)December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024
Total net revenue$             266.5
$             266.2
$             217.2
$           998.8
$           787.0
Non-interest expense169.3
162.7
142.9
630.6
543.7
Pre-provision net revenue (1)97.2
103.5
74.3
368.3
243.3
Provision for credit losses47.2
46.3
63.2
191.3
178.3
Income before income tax
     expense50.0
57.2
11.1
176.9
65.1
Income tax expense(8.5)
(13.0)
(1.4)
(41.3)
(13.7)
Net income$              41.6
$              44.3
$                9.7
$           135.7
$             51.3











Diluted EPS$              0.35
$              0.37
$              0.08
$             1.16
$             0.45
(1)   See page 3 of this release for additional information on our use of non-GAAP financial measures.For a calculation of Pre-Provision Net Revenue, Tangible Book Value Per Common Share, and Return on Tangible Common Equity, refer to the "Reconciliation of GAAP to Non-GAAP Financial Measures" tables at the end of this release.Financial Outlook
First Quarter 2026     
Loan originations                              $2.55B to $2.65B
Diluted EPS$0.34 to $0.39




Full Year 2026
Loan originations                    $11.6B to $12.6B
Diluted EPS$1.65 to $1.80
About LendingClubLendingClub is reimagining what a bank can be by building our business around a simple belief: when our members win, we win. Leveraging innovative technology and engaging mobile-first experiences, our integrated suite of financial products helps people keep more of what they earn and earn more on what they save. Our 5+ million members love us for providing quick and easy access to affordable credit and rewarding their smart financial choices, like making on-time payments, saving regularly, and taking control of debt.Getting credit right is a key driver of our success. Our advanced underwriting models are informed by over 150 billion cells of proprietary data, derived from tens of millions of repayment events across economic cycles. Our leading credit expertise combined with our resilient bank foundation, capital-light loan marketplace, decades of lending experience, and talented team have enabled us to deliver lasting value to members, loan investors, and stockholders alike. And we're just getting started.LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com.Conference Call and Webcast InformationThe LendingClub fourth quarter 2025 webcast and teleconference is scheduled to begin at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on Wednesday, January 28, 2026. A live webcast of the call will be available at http://ir.lendingclub.com under the Filings & Financials menu in Quarterly Results. To listen to the call, register using this link: https://events.q4inc.com/attendee/908793751 ten minutes prior to 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time). An audio archive of the call will be available at http://ir.lendingclub.com. LendingClub has used, and intends to use, its investor relations website, X (formerly Twitter) handles (@LendingClub and @LendingClubIR) and Facebook page (https://www.facebook.com/LendingClubTeam) as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD.Question SubmissionsPrior to quarterly earnings, investors have the ability to submit and upvote questions for LendingClub's management team to consider. To participate, visit the link provided in each quarter's earnings date announcement.Contacts
For Investors:
IR@lendingclub.comMedia Contact:
Press@lendingclub.comNon-GAAP Financial MeasuresTo supplement our financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: Pre-Provision Net Revenue (PPNR), Tangible Book Value (TBV) Per Common Share, and Return on Tangible Common Equity (ROTCE). Our non-GAAP financial measures do have limitations as analytical tools and you should not consider them in isolation or as a substitute for an analysis of our results under GAAP.We believe these non-GAAP financial measures provide management and investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies.We believe PPNR is an important measure because it reflects the underlying financial performance of our business operations. PPNR is a non-GAAP financial measure calculated by subtracting the provision for credit losses and income tax benefit/expense from net income.We believe TBV Per Common Share is an important measure used to evaluate the company's use of equity. TBV Per Common Share is a non-GAAP financial measure representing tangible common equity for the period (common equity reduced by goodwill and customer relationship intangible assets), divided by the ending number of common shares issued and outstanding.We believe ROTCE is an important measure because it reflects the company's ability to generate income from its core assets. ROTCE is a non-GAAP financial measure calculated by dividing annualized net income by the average tangible common equity for the applicable period.For a reconciliation of such measures to the nearest GAAP measures, please refer to the tables on pages 14 and 15 of this release.Safe Harbor StatementSome of the statements above, including statements regarding our entry into home improvement financing and anticipated future performance and financial results, are "forward-looking statements." The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "outlook," "plan," "predict," "project," "should," "will," "would" and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our loan performance, our ability to continue to attract and retain new and existing borrowers and marketplace investors (including retaining long-term investors through the duration of their expected partnership and achieving the anticipated level of purchases); competition; overall economic conditions; our ability to integrate acquired technology; the interest rate and/or regulatory environment; default rates and those factors set forth in the section titled "Risk Factors" in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in our subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. LENDINGCLUB CORPORATIONOPERATING HIGHLIGHTS(In thousands, except percentages or as noted)(Unaudited)

As of and for the three months ended
% Change

December 31,
2025
September 30,
2025
June 30,2025
March 31,2025
December 31,
2024
Q/Q
Y/Y
Operating Highlights:
Non-interest income$      103,444
$      107,792
$      94,186
$      67,754
$        74,817
(4) %
38 %
Net interest income163,027
158,439
154,249
149,957
142,384
3 %
14 %
Total net revenue266,471
266,231
248,435
217,711
217,201
— %
23 %
Non-interest expense169,284
162,713
154,718
143,867
142,855
4 %
19 %
Pre-provision net revenue(1)97,187
103,518
93,717
73,844
74,346
(6) %
31 %
Provision for credit losses47,158
46,280
39,733
58,149
63,238
2 %
(25) %
Income before income tax expense50,029
57,238
53,984
15,695
11,108
(13) %
350 %
Income tax expense(8,475)
(12,964)
(15,806)
(4,024)
(1,388)
(35) %
511 %
Net income$        41,554
$        44,274
$      38,178
$      11,671
$          9,720
(6) %
328 %















Basic EPS$            0.36
$            0.39
$          0.33
$          0.10
$            0.09
(8) %
300 %
Diluted EPS$            0.35
$            0.37
$          0.33
$          0.10
$            0.08
(5) %
338 %















LendingClub Corporation Performance Metrics:
Net interest margin5.98 %
6.18 %
6.14 %
5.97 %
5.42 %




Efficiency ratio(2)63.5 %
61.1 %
62.3 %
66.1 %
65.8 %




Return on average equity (ROE)(3)11.3 %
12.4 %
11.1 %
3.5 %
2.9 %




Return on tangible common equity
     (ROTCE)(1)(4)11.9 %
13.2 %
11.8 %
3.7 %
3.1 %




Return on average total assets (ROA)(5)1.5 %
1.7 %
1.5 %
0.4 %
0.4 %




Marketing expense as a % of loan
     originations1.77 %
1.55 %
1.40 %
1.47 %
1.27 %



















LendingClub Corporation Capital Metrics:
Common equity Tier 1 capital ratio17.4 %
18.0 %
17.5 %
17.8 %
17.3 %




Tier 1 leverage ratio12.0 %
12.3 %
12.2 %
11.7 %
11.0 %




Book value per common share$          13.01
$          12.68
$        12.25
$        11.95
$          11.83
3 %
10 %
Tangible book value per common
     share(1)$          12.30
$          11.95
$        11.53
$        11.22
$          11.09
3 %
11 %















Loan Originations (in millions)(6):













Total loan originations$          2,587
$          2,622
$        2,391
$        1,989
$          1,846
(1) %
40 %
Marketplace loans$          2,090
$          2,027
$        1,702
$        1,314
$          1,241
3 %
68 %
Loan originations held for investment$             497
$             594
$           689
$           675
$             605
(16) %
(18) %
Loan originations held for investment
     as a % of total loan originations19 %
23 %
29 %
34 %
33 %



















Servicing Portfolio AUM (in millions)(7):
Total servicing portfolio$         13,423
$         12,986
$       12,524
$       12,241
$         12,371
3 %
9 %
Loans serviced for others$           7,601
$           7,612
$         7,185
$         7,130
$           7,207
— %
5 %
(1)     Represents a non-GAAP financial measure. See "Reconciliation of GAAP to Non-GAAP Financial Measures."(2)     Calculated as the ratio of non-interest expense to total net revenue.(3)     Calculated as annualized net income divided by average equity for the period presented.(4)     Calculated as annualized net income divided by average tangible common equity for the period presented.(5)     Calculated as annualized net income divided by average total assets for the period presented.(6)     Includes unsecured personal loans and auto loans only.(7)     Loans serviced on our platform, which includes unsecured personal loans and auto loans serviced for others and retained by the Company. LENDINGCLUB CORPORATIONOPERATING HIGHLIGHTS (Continued)(In thousands, except percentages or as noted)(Unaudited)



As of the three months ended
% Change

December 31,
2025
September 30,
2025
June 30,2025
March 31,2025
December 31,
2024
Q/Q
Y/Y
Balance Sheet Data:
Securities available for sale$      3,706,709
$       3,742,304
$  3,527,142
$  3,426,571
$      3,452,648
(1) %
7 %
Loans held for sale at fair value$      1,762,396
$       1,213,140
$  1,008,168
$     703,378
$         636,352
45 %
177 %
Loans and leases held for investment at
     amortized cost$      4,272,812
$       4,363,415
$  4,386,321
$  4,215,449
$      4,125,818
(2) %
4 %
Gross allowance for loan and lease losses (1)$       (312,667)
$        (308,218)
$   (293,707)
$   (288,308)
$       (285,686)
1 %
9 %
Recovery asset value (2)$           36,924
$            40,444
$       40,718
$       44,115
$           48,952
(9) %
(25) %
Allowance for loan and lease losses$       (275,743)
$        (267,774)
$   (252,989)
$   (244,193)
$       (236,734)
3 %
16 %
Loans and leases held for investment at
     amortized cost, net$      3,997,069
$       4,095,641
$  4,133,332
$  3,971,256
$      3,889,084
(2) %
3 %
Loans held for investment at fair value$         473,314
$          477,784
$     631,736
$     818,882
$      1,027,798
(1) %
(54) %
Total loans and leases held for investment$      4,470,383
$       4,573,425
$  4,765,068
$  4,790,138
$      4,916,882
(2) %
(9) %
Whole loans held on balance sheet (3)$      6,232,779
$       5,786,565
$  5,773,236
$  5,493,516
$      5,553,234
8 %
12 %
Total assets$    11,567,816
$     11,072,515
$ 10,775,333
$ 10,483,096
$    10,630,509
4 %
9 %
Total deposits$      9,833,870
$       9,388,233
$  9,136,124
$  8,905,902
$      9,068,237
5 %
8 %
Total liabilities$    10,067,388
$       9,610,302
$  9,369,298
$  9,118,579
$      9,288,778
5 %
8 %
Total equity$      1,500,428
$       1,462,213
$  1,406,035
$  1,364,517
$      1,341,731
3 %
12 %
(1)     Represents the allowance for future estimated net charge-offs on existing portfolio balances.(2)     Represents the negative allowance for expected recoveries of amounts previously charged-off.(3)     Includes loans held for sale at fair value, loans and leases held for investment at amortized cost, net of allowance for loan and lease losses, and loans held for investment at fair value. The asset quality metrics presented in the following table are for loans and leases held for investment at amortized cost and do not reflect loans held for investment at fair value:

As of and for the three months ended

December 31,
2025
September 30,
2025
June 30,
2025
March 31,
2025
December 31,
2024
Asset Quality Metrics (1):
Allowance for loan and lease losses to total loans
     and leases held for investment at amortized cost6.5 %
6.1 %
5.8 %
5.8 %
5.7 %
Allowance for loan and lease losses to commercial
     loans and leases held for investment at amortized
     cost2.5 %
2.3 %
2.3 %
2.7 %
3.9 %
Allowance for loan and lease losses to consumer
     loans and leases held for investment at amortized
     cost7.2 %
6.8 %
6.4 %
6.3 %
6.1 %
Gross allowance for loan and lease losses to
     consumer loans and leases held for investment at
     amortized cost8.2 %
7.9 %
7.5 %
7.5 %
7.5 %
Net charge-offs$          40,074
$          31,122
$          31,800
$          48,923
$          45,977
Net charge-off ratio (2)3.7 %
2.9 %
3.0 %
4.8 %
4.5 %
(1)     Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases held for investment at amortized cost.(2)     Net charge-off ratio is calculated as annualized net charge-offs divided by average outstanding loans and leases held for investment during the period. LENDINGCLUB CORPORATIONLOANS AND LEASES HELD FOR INVESTMENT(In thousands)(Unaudited)


The following table presents loans and leases held for investment at amortized cost and loans held for investment at fair value:



December 31,
2025
December 31,
2024
Unsecured personal$       3,191,430
$       3,106,472
Residential mortgages151,073
172,711
Secured consumer261,045
230,232
Total consumer loans held for investment3,603,548
3,509,415
Equipment finance (1)39,757
64,232
Commercial real estate (2)472,489
373,785
Commercial and industrial157,018
178,386
Total commercial loans and leases held for investment669,264
616,403
Total loans and leases held for investment at amortized cost4,272,812
4,125,818
Allowance for loan and lease losses(275,743)
(236,734)
Loans and leases held for investment at amortized cost, net$       3,997,069
$       3,889,084
Loans held for investment at fair value473,314
1,027,798
Total loans and leases held for investment$       4,470,383
$       4,916,882
(1)   Comprised of sales-type leases for equipment.(2)   Includes $286.8 million and $160.1 million in loans originated through the Small Business Association (SBA) as of December 31, 2025 and December 31, 2024, respectively. LENDINGCLUB CORPORATION
ALLOWANCE FOR LOAN AND LEASE LOSSES
(In thousands)
(Unaudited)
The following table presents the components of the allowance for loan and lease losses on loans and leases held for investment at amortized cost:

December 31, 2025
December 31, 2024
Gross allowance for loan and lease losses (1)$                 312,667
$                 285,686
Recovery asset value (2)(36,924)
(48,952)
Allowance for loan and lease losses$                 275,743
$                 236,734
(1)    Represents the allowance for future estimated net charge-offs on existing portfolio balances.(2)    Represents the negative allowance for expected recoveries of amounts previously charged-off. The following tables present the allowance for loan and lease losses on loans and leases held for investment at amortized cost and do not reflect loans held for investment at fair value:

Three Months Ended

December 31, 2025
September 30, 2025

Consumer
Commercial
Total
Consumer
Commercial
Total
Allowance for loan and lease
     losses, beginning of period$    252,557
$        15,217
$ 267,774
$    237,433
$        15,556
$ 252,989
Credit loss expense (benefit)
     for loans and leases held for
     investment46,560
1,483
48,043
46,390
(483)
45,907
Charge-offs(54,556)
(2)
(54,558)
(47,886)
—
(47,886)
Recoveries14,250
234
14,484
16,620
144
16,764
Allowance for loan and lease
     losses, end of period$    258,811
$        16,932
$ 275,743
$    252,557
$        15,217
$ 267,774
 
Three Months Ended

December 31, 2024

Consumer
Commercial
Total
Allowance for loan and lease losses, beginning of period$    200,899
$        19,665
$ 220,564
Credit loss expense for loans and leases held for investment56,322
5,825
62,147
Charge-offs(64,167)
(1,887)
(66,054)
Recoveries19,544
533
20,077
Allowance for loan and lease losses, end of period$    212,598
$        24,136
$ 236,734
 LENDINGCLUB CORPORATIONPAST DUE LOANS AND LEASES HELD FOR INVESTMENT(In thousands)(Unaudited)


The following tables present past due loans and leases held for investment at amortized cost and do not reflect loans held for investment at fair value:


December 31, 202530-59
Days
60-89
Days
90 or More
Days
Total
Guaranteed
Amount (1)
Unsecured personal$      22,491
$      18,550
$      17,936
$             58,977
$                     —
Residential mortgages—
888
86
974
—
Secured consumer3,006
596
395
3,997
—
Total consumer loans held for investment$      25,497
$      20,034
$      18,417
$             63,948
$                     —











Equipment finance$            696
$              —
$         3,088
$               3,784
$                     —
Commercial real estate—
—
11,182
11,182
8,231
Commercial and industrial1,540
1,878
20,074
23,492
14,930
Total commercial loans and leases held for
     investment$         2,236
$         1,878
$      34,344
$             38,458
$             23,161
Total loans and leases held for investment at
     amortized cost$      27,733
$      21,912
$      52,761
$           102,406
$             23,161
 December 31, 202430-59
Days
60-89
Days
90 or More
Days
Total
Guaranteed
Amount (1)
Unsecured personal$      23,530
$      19,293
$      21,387
$             64,210
$                     —
Residential mortgages151
88
—
239
—
Secured consumer2,342
600
337
3,279
—
Total consumer loans held for investment$      26,023
$      19,981
$      21,724
$             67,728
$                     —











Equipment finance$              67
$              —
$         4,551
$               4,618
$                     —
Commercial real estate8,320
483
9,731
18,534
8,456
Commercial and industrial6,257
1,182
15,971
23,410
18,512
Total commercial loans and leases held for
     investment$      14,644
$         1,665
$      30,253
$             46,562
$             26,968
Total loans and leases held for investment at
     amortized cost$      40,667
$      21,646
$      51,977
$           114,290
$             26,968
(1)      Represents loan balances guaranteed by the SBA. LENDINGCLUB CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME(In thousands, except share and per share data)(Unaudited)



Three Months Ended
Change (%)

December 31,
2025
September 30,
2025
December 31,
2024
Q4 2025 vs Q3 2025
Q4 2025 vs Q4 2024
Non-interest income:









Origination fees$        109,562
$         105,731
$          64,745
4 %
69 %
Servicing fees12,845
17,000
17,391
(24) %
(26) %
Gain on sales of loans15,546
17,799
15,007
(13) %
4 %
Net fair value adjustments(39,451)
(38,375)
(24,980)
(3) %
(58) %
Marketplace revenue98,502
102,155
72,163
(4) %
36 %
Other non-interest income4,942
5,637
2,654
(12) %
86 %
Total non-interest income103,444
107,792
74,817
(4) %
38 %











Total interest income250,586
241,801
240,596
4 %
4 %
Total interest expense87,559
83,362
98,212
5 %
(11) %
Net interest income163,027
158,439
142,384
3 %
14 %











Total net revenue266,471
266,231
217,201
— %
23 %











Provision for credit losses47,158
46,280
63,238
2 %
(25) %











Non-interest expense:









Compensation and benefits60,638
60,830
58,656
— %
3 %
Marketing45,680
40,712
23,415
12 %
95 %
Equipment and software14,410
13,465
13,361
7 %
8 %
Depreciation and amortization16,641
16,879
19,748
(1) %
(16) %
Professional services11,353
10,922
9,136
4 %
24 %
Occupancy5,457
5,245
3,991
4 %
37 %
Other non-interest expense15,105
14,660
14,548
3 %
4 %
Total non-interest expense169,284
162,713
142,855
4 %
19 %











Income before income tax expense50,029
57,238
11,108
(13) %
350 %
Income tax expense(8,475)
(12,964)
(1,388)
(35) %
511 %
Net income$          41,554
$           44,274
$           9,720
(6) %
328 %











Net income per share: 









Basic EPS$             0.36
$              0.39
$             0.09
(8) %
300 %
Diluted EPS$             0.35
$              0.37
$             0.08
(5) %
338 %
Weighted-average common shares – Basic115,334,621
114,961,676
112,788,050
— %
2 %
Weighted-average common shares – Diluted118,855,315
118,188,124
116,400,285
1 %
2 %
 LENDINGCLUB CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME (Continued)(In thousands, except share and per share data)(Unaudited)



Year Ended December 31,



2025
2024
Change (%)
Non-interest income:





Origination fees$       372,815
$       283,420
32 %
Servicing fees58,988
64,933
(9) %
Gain on sales of loans59,087
49,097
20 %
Net fair value adjustments(134,946)
(154,659)
13 %
Marketplace revenue355,944
242,791
47 %
Other non-interest income17,232
10,179
69 %
Total non-interest income373,176
252,970
48 %







Total interest income961,543
907,958
6 %
Total interest expense335,871
373,917
(10) %
Net interest income625,672
534,041
17 %







Total net revenue998,848
787,011
27 %







Provision for credit losses191,320
178,267
7 %







Non-interest expense:





Compensation and benefits241,846
232,158
4 %
Marketing149,211
100,402
49 %
Equipment and software57,014
51,194
11 %
Depreciation and amortization62,889
58,834
7 %
Professional services42,339
32,045
32 %
Occupancy19,834
15,798
26 %
Other non-interest expense57,449
53,247
8 %
Total non-interest expense630,582
543,678
16 %







Income before income tax expense176,946
65,066
172 %
Income tax expense(41,269)
(13,736)
200 %
Net income$       135,677
$         51,330
164 %







Net income per share:





Basic EPS$            1.18
$            0.46
157 %
Diluted EPS$            1.16
$            0.45
158 %
Weighted-average common shares – Basic114,605,220
111,731,523
3 %
Weighted-average common shares – Diluted117,233,815
113,122,859
4 %
 LENDINGCLUB CORPORATIONNET INTEREST INCOME(In thousands, except percentages or as noted)(Unaudited)



Consolidated LendingClub Corporation (1)

Three Months EndedDecember 31, 2025
Three Months EndedSeptember 30, 2025
Three Months EndedDecember 31, 2024

Average
Balance
Interest
Income/
Expense
Average
Yield/
Rate
Average
Balance
Interest
Income/
Expense
Average
Yield/
Rate
Average
Balance
Interest
Income/
Expense
Average
Yield/
Rate
Interest-earning assets (2)

















Cash, cash equivalents,
     restricted cash and other$     905,427
$    8,824
3.90 %
$    603,777
$    6,390
4.23 %
$ 1,193,570
$  14,194
4.76 %
Securities available for sale
     at fair value3,695,980
55,948
6.06 %
3,564,732
56,253
6.31 %
3,390,315
57,259
6.76 %
Loans held for sale at fair
     value1,530,624
51,006
13.33 %
1,198,581
37,628
12.56 %
673,279
20,696
12.30 %
Loans and leases held for
     investment:

















Unsecured personal
     loans3,252,204
106,716
13.13 %
3,268,142
110,151
13.48 %
3,080,934
104,011
13.50 %
Commercial and other
     consumer loans1,060,201
15,800
5.96 %
1,069,629
16,060
6.01 %
1,023,041
14,203
5.55 %
Loans and leases held for
     investment at amortized
     cost4,312,405
122,516
11.36 %
4,337,771
126,211
11.64 %
4,103,975
118,214
11.52 %
Loans held for investment
     at fair value455,168
12,292
10.80 %
552,848
15,319
11.08 %
1,153,204
30,233
10.49 %
Total loans and leases held
     for investment4,767,573
134,808
11.31 %
4,890,619
141,530
11.58 %
5,257,179
148,447
11.29 %
Total interest-earning
     assets10,899,604
250,586
9.20 %
10,257,709
241,801
9.43 %
10,514,343
240,596
9.15 %
Cash and due from banks
     and restricted cash32,308




29,655




51,555




Allowance for loan and
     lease losses(275,187)




(260,744)




(227,673)




Other non-interest earning
     assets644,221




638,821




597,609




Total assets$  11,300,946




$  10,665,441




$  10,935,834




Interest-bearing liabilities

















Interest-bearing deposits:

















Savings and money
market accounts6,478,888
60,960
3.73 %
6,442,649
61,782
3.80 %
5,719,248
61,545
4.28 %
Certificates of deposit2,400,374
25,377
4.19 %
1,851,320
19,990
4.28 %
2,638,470
32,288
4.87 %
Checking accounts396,430
1,221
1.22 %
406,494
1,449
1.41 %
662,510
4,367
2.62 %
Interest-bearing deposits9,275,692
87,558
3.75 %
8,700,463
83,221
3.79 %
9,020,228
98,200
4.33 %
Other interest-bearing
     liabilities109
1
4.28 %
12,174
141
4.61 %
615
12
7.20 %
Total interest-bearing
     liabilities9,275,801
87,559
3.75 %
8,712,637
83,362
3.80 %
9,020,843
98,212
4.33 %
Noninterest-bearing
     deposits311,147




291,231




328,022




Other liabilities240,642




237,035




251,239




Total liabilities$  9,827,590




$ 9,240,903




$ 9,600,104




Total equity$  1,473,356




$ 1,424,538




$ 1,335,730




Total liabilities and equity$  11,300,946




$  10,665,441




$  10,935,834























Interest rate spread



5.45 %




5.63 %




4.82 %



















Net interest income and
     net interest margin

$  163,027
5.98 %


$ 158,439
6.18 %


$ 142,384
5.42 %
(1)     Consolidated presentation reflects intercompany eliminations.(2)     Nonaccrual loans and any related income are included in their respective loan categories. LENDINGCLUB CORPORATIONCONSOLIDATED BALANCE SHEETS (In Thousands, Except Share and Per Share Amounts)(Unaudited)



December 31,
2025
December 31,
2024
Assets



Cash and due from banks$            11,749
$         15,524
Interest-bearing deposits in banks905,905
938,534
Total cash and cash equivalents917,654
954,058
Restricted cash12,783
23,338
Securities available for sale at fair value ($3,733,780 and $3,492,264 at amortized
     cost, respectively)3,706,709
3,452,648
Loans held for sale at fair value1,762,396
636,352
Loans and leases held for investment4,272,812
4,125,818
Allowance for loan and lease losses(275,743)
(236,734)
Loans and leases held for investment, net3,997,069
3,889,084
Loans held for investment at fair value473,314
1,027,798
Property, equipment and software, net254,088
167,532
Goodwill75,717
75,717
Other assets368,086
403,982
Total assets$      11,567,816
$   10,630,509
Liabilities and Equity



Deposits:



Interest-bearing$        9,459,483
$     8,676,119
Noninterest-bearing374,387
392,118
Total deposits9,833,870
9,068,237
Other liabilities233,518
220,541
Total liabilities10,067,388
9,288,778
Equity



Common stock, $0.01 par value; 180,000,000 shares authorized; 115,368,987 and
     113,383,917 shares issued and outstanding, respectively1,154
1,134
Additional paid-in capital1,719,233
1,702,316
Accumulated deficit(201,799)
(337,476)
Accumulated other comprehensive loss(18,160)
(24,243)
Total equity1,500,428
1,341,731
Total liabilities and equity$      11,567,816
$   10,630,509
  LENDINGCLUB CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except share and per share data)
(Unaudited)


Pre-Provision Net Revenue



For the three months ended

December 31,
2025
September 30,2025
June 30,2025
March 31,2025
December 31,
2024
GAAP Net income$               41,554
$               44,274
$               38,178
$               11,671
$                 9,720
Less: Provision for credit losses(47,158)
(46,280)
(39,733)
(58,149)
(63,238)
Less: Income tax expense(8,475)
(12,964)
(15,806)
(4,024)
(1,388)
Pre-provision net revenue$               97,187
$             103,518
$               93,717
$               73,844
$               74,346
 
For the three months ended

December 31,
2025
September 30,2025
June 30,2025
March 31,2025
December 31,
2024
Non-interest income$             103,444
$             107,792
$               94,186
$               67,754
$               74,817
Net interest income163,027
158,439
154,249
149,957
142,384
Total net revenue266,471
266,231
248,435
217,711
217,201
Non-interest expense(169,284)
(162,713)
(154,718)
(143,867)
(142,855)
Pre-provision net revenue97,187
103,518
93,717
73,844
74,346
Provision for credit losses(47,158)
(46,280)
(39,733)
(58,149)
(63,238)
Income before income tax expense50,029
57,238
53,984
15,695
11,108
Income tax expense(8,475)
(12,964)
(15,806)
(4,024)
(1,388)
GAAP Net income$               41,554
$               44,274
$               38,178
$               11,671
$                 9,720
 Tangible Book Value Per Common Share



December 31,
2025
September 30,2025
June 30,2025
March 31,2025
December 31,
2024
GAAP common equity$          1,500,428
$          1,462,213
$          1,406,035
$          1,364,517
$          1,341,731
Less: Goodwill(75,717)
(75,717)
(75,717)
(75,717)
(75,717)
Less: Customer relationship intangible
     assets(5,685)
(8,206)
(7,068)
(7,778)
(8,586)
Tangible common equity$          1,419,026
$          1,378,290
$          1,323,250
$          1,281,022
$          1,257,428











Book value per common share
GAAP common equity$          1,500,428
$          1,462,213
$          1,406,035
$          1,364,517
$          1,341,731
Common shares issued and outstanding115,368,987
115,301,440
114,740,147
114,199,832
113,383,917
Book value per common share$                 13.01
$                 12.68
$                 12.25
$                 11.95
$                 11.83











Tangible book value per common share
Tangible common equity$          1,419,026
$          1,378,290
$          1,323,250
$          1,281,022
$          1,257,428
Common shares issued and outstanding115,368,987
115,301,440
114,740,147
114,199,832
113,383,917
Tangible book value per common share$                 12.30
$                 11.95
$                 11.53
$                 11.22
$                 11.09
 LENDINGCLUB CORPORATIONRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Continued)(In thousands, except ratios)(Unaudited)


Return On Tangible Common Equity



For the three months ended

December 31,
2025
September 30,2025
June 30,2025
March 31,2025
December 31,
2024
Average GAAP common equity$      1,473,356
$      1,424,538
$      1,381,199
$      1,349,473
$      1,335,730
Less: Average goodwill(75,717)
(75,717)
(75,717)
(75,717)
(75,717)
Less: Average customer relationship
     intangible assets(6,031)
(6,722)
(7,423)
(8,182)
(9,013)
Average tangible common equity$      1,391,608
$      1,342,099
$      1,298,059
$      1,265,574
$      1,251,000











Return on average equity
Annualized GAAP net income$         166,216
$         177,096
$         152,712
$           46,684
$           38,880
Average GAAP common equity$      1,473,356
$      1,424,538
$      1,381,199
$      1,349,473
$      1,335,730
Return on average equity11.3 %
12.4 %
11.1 %
3.5 %
2.9 %











Return on tangible common equity
Annualized GAAP net income$         166,216
$         177,096
$         152,712
$           46,684
$           38,880
Average tangible common equity$      1,391,608
$      1,342,099
$      1,298,059
$      1,265,574
$      1,251,000
Return on tangible common equity11.9 %
13.2 %
11.8 %
3.7 %
3.1 %
 



View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingclub-reports-fourth-quarter-and-full-year-2025-results-302673027.htmlSOURCE LendingClub Corporation

Original: LendingClub Reports Fourth Quarter and Full Year 2025 Results

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mooi om hier te zijn

Oops. LC got greenlit by Powell.

$10- $12 now in play for JAN.

mb

ST PT for $LC is $7.50 for January.

Bullish actions.

mb

Lending Club

Wall Street is loading off lows.

mb

grabbed some LC here at $17.11 on this huge pullback. bounce you turd!

Well I sold mine for 100 percent profit after a couple days. Now yes puts were great

more like puts

January calls looking excellent here

* * $LC Video Chart 12-31-2020 * *

Link to Video - click here to watch the technical chart video

* * $LC Video Chart 06-29-2019 * *

Link to Video - click here to watch the technical chart video

News: $LC LendingClub Announces Reverse Stock Split Effective Date

SAN FRANCISCO , June 28, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's largest online lending marketplace connecting borrowers and investors, today announced the effective date of a 1-for-5 reverse stock split of the Company's outstanding and treasury shares of i...

Read the whole news https://marketwirenews.com/news-releases/lendingclub-announces-reverse-stock-split-effective-date-8432724.html

UPGRADE WITH 50% UPSIDE POTENTIAL IN LENDING CLUB

Yesterdays earnings report was not fantastic, but maybe came as a relief to many who expected worse. Revenue was the main positive, haven risen to $174 mil for the quarter in comparison to $151 mil one year ago. This morning the first upgrade has been published by Wedbush, raising the price target to $5, representing considerable upside from the $3.22 closing price.

Interesting,
I've (business, not individual) loans w/ LC as a customer, and yet I invest into LC stock.
Funny, how I pay them %Interest monthly, & yet make profit from its stock - call it "recursive".
$4.30-4.90-$5.20/share by October

After hours trade.

3438976 shared at 5:36

* * $LC Video Chart 05-09-18 * *

Link to Video - click here to watch the technical chart video

* * $LC Video Chart 04-25-18 * *

Link to Video - click here to watch the technical chart video

Great news!
https://www.google.com/amp/s/ledgergazette.com/2018/03/04/lendingclub-corp-lc-director-purchases-94800-00-in-stock.html

Soon it will go back to $6. Win win from this level

$4 soon, up we go!

Anyone playing earnings here??? Debating to scoop some prior to the bell.

INTRO needs to be updated!

MACD keeps getting tighter towards that Golden Cross... Very Bullish looking...

American Bulls has buy signal:
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=LC

MACD getting close to Golden Cross

Looking for Re-bound off this double bottom

To the moon we go

Test

* * $LC Video Chart 12-12-17 * *

Link to Video - click here to watch the technical chart video

* * $LC Video Chart 11-08-17 * *

Link to Video - click here to watch the technical chart video

Oppenheimer and Maxim Group. Both of these firms reiterated their buy ratings on the stock today with price targets of $6.25 and $8 respectively

LendingClub Corp

California-based LendingClub is an online peer-to-peer lending company. It was actually the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. However, LC shares crashed in after-hours trading by over 20% as the company cut back its revenue and profit guidance for the full year. Shares had already dropped by 6.6% during the day on November 7.

The weak guidance comes despite assurances from LC CEO Scott Sanborn in August that the company was “back on the front foot.” He had told investors to expect revenue of $600 million with net loss of $65 million for the full year. Now however, Sanborn has changed his tune. Investors are now looking at a net loss of about $67m, on about $579m of revenues.

Nonetheless there is still a bright light out there for LC according to Oppenheimer and Maxim Group. Both of these firms reiterated their buy ratings on the stock today with price targets of $6.25 and $8 respectively. Considering the stock is now trading at under $4.5 this suggests big upside potential. Oppenheimer’s Jed Kelly is a five-star analyst with a strong track record on LC stock specifically. He says that shares have been “oversold” and calls the issues “transitory”. Plus he notes that the investor’s day next month serves as an immediate catalyst for the stock. On this day, December 7, management will reveal its 2018 guidance and long-term initiatives

“We believe strong borrower demand (applications +58% y/y) and a wider investor base can support profitable growth in 2018, and at 10x our ’18E EV/EBITDA, valuation is not stretched, in our view” says Kelly. Note that he does reduce his price target from $7.50 to $6.25 to account for the lower guidance, but ultimately, he concludes that “the risk/reward as very compelling at current levels.” He is hoping that the company’s differentiated business-model will help it create a “sticker investor base” that will help LC “drive higher profitability to support outer-year multiple expansion.”

From TipRanks we can see that LC has a cautiously optimistic Moderate Buy analyst consensus rating. This reflects the fact that in the last three months, the stock has received 4 buy ratings and 3 hold ratings from analysts. The average analyst price target of $7.13 now stands at considerable upside of 30% from the current share price

https://www.smarteranalyst.com/2017/11/08/buy-snap-inc-snap-lendingclub-corp-lc-weakness/

Fundera has really been pushing LC

I'm expecting a huge beat on the top line

$LC looked #bullish today. I'm averaged at about $5.30 here so I am interested to see what LC can do in the coming weeks.

These lenders are the way to our future and small business, I got a small landscape company and we borrow from these guys all the time. The local banks are horrible when it comes to Lending

I just loaded up a bunch of lending club, I'm convinced that they are going to get bought up

$5.62

$5.60 risky here

$5.55 wow

Wow, look at her go!

Here we go. em

It breaks $5.63 then the squeeze will start look for that pivot point

Hearing news and big squeeze play coming in LC this week. Keep on watch em

LC is flying today

LC 5.4 NICEEE, GAP FILL