LendingClub Corp

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

About this filing

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, 2025 · Filed Jul 31, 2025

HAPN$15.67-3.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

(In Thousands, Except Share and Per Share Amounts)

	Three Months Ended June 30,		Six Months EndedJune 30,
	2025	2024	2025	2024
Non-interest income:
Marketplace revenue	$89,644	$56,353	$155,287	$112,244
Other non-interest income	4,542	2,360	6,653	4,269
Total non-interest income	94,186	58,713	161,940	116,513
Interest income:
Interest on loans held for sale	32,489	26,721	54,303	41,420
Interest and fees on loans and leases held for investment	122,395	124,819	241,344	257,212
Interest on loans held for investment at fair value	19,761	12,047	45,171	20,456
Interest on securities available for sale	55,339	42,879	111,619	78,226
Other interest income	7,113	13,168	16,719	29,671
Total interest income	237,097	219,634	469,156	426,985
Interest expense:
Interest on deposits	82,845	90,193	164,945	174,156
Other interest expense	3	913	5	1,413
Total interest expense	82,848	91,106	164,950	175,569
Net interest income	154,249	128,528	304,206	251,416
Total net revenue	248,435	187,241	466,146	367,929
Provision for credit losses	39,733	35,561	97,882	67,488
Non-interest expense:
Compensation and benefits	61,989	56,540	120,378	116,094
Marketing	33,580	26,665	62,819	50,801
Equipment and software	14,495	12,360	29,139	25,044
Depreciation and amortization	15,460	13,072	29,369	25,745
Professional services	10,300	7,804	20,064	14,895
Occupancy	4,787	3,941	9,132	7,802
Other non-interest expense	14,107	11,876	27,684	24,110
Total non-interest expense	154,718	132,258	298,585	264,491
Income before income tax expense	53,984	19,422	69,679	35,950
Income tax expense	(15,806)	(4,519)	(19,830)	(8,797)
Net income	$38,178	$14,903	$49,849	$27,153
Earnings per share: (1)
Basic EPS	$0.33	$0.13	$0.44	$0.24
Diluted EPS	$0.33	$0.13	$0.43	$0.24
Weighted-average common shares – Basic	114,409,231	111,395,025	114,053,292	111,040,410
Weighted-average common shares – Diluted	115,692,969	111,466,497	115,936,910	111,076,938

(1) See “Notes to Condensed Consolidated Financial Statements – Note 3. Earnings Per Share” for additional information.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.