LendingClub Corp
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
HAPN$16.22+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $15,524 | $14,993 |
| Interest-bearing deposits in banks | 938,534 | 1,237,511 |
| Total cash and cash equivalents | 954,058 | 1,252,504 |
| Restricted cash (1) | 23,338 | 41,644 |
| Securities available for sale at fair value ($3,492,264 and $1,663,990 at amortized cost, respectively) | 3,452,648 | 1,620,262 |
| Loans held for sale at fair value | 636,352 | 407,773 |
| Loans and leases held for investment | 4,125,818 | 4,850,302 |
| Allowance for loan and lease losses | (236,734) | (310,387) |
| Loans and leases held for investment, net | 3,889,084 | 4,539,915 |
| Loans held for investment at fair value (1)(2) | 1,027,798 | 272,678 |
| Property, equipment and software, net | 167,532 | 161,517 |
| Goodwill | 75,717 | 75,717 |
| Other assets (1) | 403,982 | 455,453 |
| Total assets | $10,630,509 | $8,827,463 |
| Liabilities and Equity | ||
| Deposits: | ||
| Interest-bearing | $8,676,119 | $7,001,680 |
| Noninterest-bearing | 392,118 | 331,806 |
| Total deposits | 9,068,237 | 7,333,486 |
| Borrowings (1)(2) | — | 19,354 |
| Other liabilities (1) | 220,541 | 222,801 |
| Total liabilities | 9,288,778 | 7,575,641 |
| Equity | ||
| Common stock, $0.01 par value; 180,000,000 shares authorized; 113,383,917 and 110,410,602 shares issued and outstanding, respectively | 1,134 | 1,104 |
| Additional paid-in capital | 1,702,316 | 1,669,828 |
| Accumulated deficit | (337,476) | (388,806) |
| Accumulated other comprehensive loss | (24,243) | (30,304) |
| Total equity | 1,341,731 | 1,251,822 |
| Total liabilities and equity | $10,630,509 | $8,827,463 |
(1) Includes amounts in consolidated VIEs as of December 31, 2023. See “Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.”
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