LendingClub Corp
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
HAPN$15.96-1.4%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
(In Thousands, Except Share and Per Share Amounts)
| June 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $19,099 | $14,993 |
| Interest-bearing deposits in banks | 919,020 | 1,237,511 |
| Total cash and cash equivalents | 938,119 | 1,252,504 |
| Restricted cash (1) | 31,332 | 41,644 |
| Securities available for sale at fair value ($2,869,880 and $1,663,990 at amortized cost, respectively) | 2,814,383 | 1,620,262 |
| Loans held for sale at fair value | 791,059 | 407,773 |
| Loans and leases held for investment | 4,228,391 | 4,850,302 |
| Allowance for loan and lease losses | (228,909) | (310,387) |
| Loans and leases held for investment, net | 3,999,482 | 4,539,915 |
| Loans held for investment at fair value (1)(2) | 339,222 | 272,678 |
| Property, equipment and software, net | 166,150 | 161,517 |
| Goodwill | 75,717 | 75,717 |
| Other assets (1) | 430,586 | 455,453 |
| Total assets | $9,586,050 | $8,827,463 |
| Liabilities and Equity | ||
| Deposits: | ||
| Interest-bearing | $7,759,632 | $7,001,680 |
| Noninterest-bearing | 335,696 | 331,806 |
| Total deposits | 8,095,328 | 7,333,486 |
| Borrowings (1)(2) | 5,474 | 19,354 |
| Other liabilities (1) | 197,303 | 222,801 |
| Total liabilities | 8,298,105 | 7,575,641 |
| Equity | ||
| Common stock, $0.01 par value; 180,000,000 shares authorized; 111,812,215 and 110,410,602 shares issued and outstanding, respectively | 1,118 | 1,104 |
| Additional paid-in capital | 1,685,865 | 1,669,828 |
| Accumulated deficit | (361,653) | (388,806) |
| Accumulated other comprehensive loss | (37,385) | (30,304) |
| Total equity | 1,287,945 | 1,251,822 |
| Total liabilities and equity | $9,586,050 | $8,827,463 |
(1) Includes amounts in consolidated VIEs. See “Notes to Condensed Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.”
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