LendingClub Corp
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
HAPN$15.67-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Year Ended December 31, | 2023 | 2022 | 2021 |
|---|---|---|---|
| Non-interest income: | |||
| Marketplace revenue | $291,484 | $683,626 | $578,580 |
| Other non-interest income | 11,297 | 28,765 | 27,219 |
| Total non-interest income | 302,781 | 712,391 | 605,799 |
| Interest income: | |||
| Interest on loans held for sale | 35,655 | 26,183 | 29,540 |
| Interest and fees on loans and leases held for investment | 616,735 | 465,450 | 188,977 |
| Interest on loans held for investment at fair value | 69,866 | 12,877 | 4,436 |
| Interest on retail and certificate loans held for investment at fair value | 4,222 | 18,135 | 57,684 |
| Interest on securities available for sale | 40,235 | 16,116 | 11,025 |
| Other interest income | 65,917 | 18,579 | 1,170 |
| Total interest income | 832,630 | 557,340 | 292,832 |
| Interest expense: | |||
| Interest on deposits | 265,556 | 60,451 | 7,228 |
| Interest on retail notes and certificates at fair value | 4,222 | 18,135 | 57,684 |
| Other interest expense | 1,014 | 3,929 | 15,089 |
| Total interest expense | 270,792 | 82,515 | 80,001 |
| Net interest income | 561,838 | 474,825 | 212,831 |
| Total net revenue | 864,619 | 1,187,216 | 818,630 |
| Provision for credit losses | 243,565 | 267,326 | 138,800 |
| Non-interest expense: | |||
| Compensation and benefits | 261,948 | 339,397 | 288,390 |
| Marketing | 93,840 | 197,747 | 156,142 |
| Equipment and software | 53,485 | 49,198 | 39,490 |
| Depreciation and amortization | 47,195 | 43,831 | 44,285 |
| Professional services | 35,173 | 50,516 | 47,572 |
| Occupancy | 17,532 | 21,977 | 24,249 |
| Other non-interest expense | 57,264 | 64,187 | 61,258 |
| Total non-interest expense | 566,437 | 766,853 | 661,386 |
| Income before income tax benefit (expense) | 54,617 | 153,037 | 18,444 |
| Income tax benefit (expense) | (15,678) | 136,648 | 136 |
| Net income | $38,939 | $289,685 | $18,580 |
Consolidated Statements of Income (Continued)
| Year Ended December 31, | 2023 | 2022 | 2021 |
|---|---|---|---|
| Earnings per share: (1) | |||
| Net income | $38,939 | $289,685 | $18,580 |
| Basic EPS – common stockholders | $0.36 | $2.80 | $0.19 |
| Diluted EPS – common stockholders | $0.36 | $2.79 | $0.18 |
| Weighted-average common shares – Basic | 108,466,179 | 103,547,305 | 97,486,754 |
| Weighted-average common shares – Diluted | 108,468,857 | 104,001,288 | 102,147,353 |
| Basic EPS – preferred stockholders | $0.00 | $0.00 | $0.19 |
| Diluted EPS – preferred stockholders | $0.00 | $0.00 | $0.00 |
| Weighted-average common shares, as converted – Basic | — | — | 653,118 |
| Weighted-average common shares, as converted – Diluted | — | — | — |
(1) See “Notes to Consolidated Financial Statements – Note 4. Earnings Per Share” for additional information.
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