LendingClub Corp

For the period ended Sep 30, 2025. Filed Oct 30, 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.

Sep 30, 2025 · Filed Oct 30, 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 September 30,		Nine Months EndedSeptember 30,
	2025	2024	2025	2024
Non-interest income:
Marketplace revenue	$102,155	$58,384	$257,442	$170,628
Other non-interest income	5,637	3,256	12,290	7,525
Total non-interest income	107,792	61,640	269,732	178,153
Interest income:
Interest on loans held for sale	37,628	30,326	91,931	71,746
Interest and fees on loans and leases held for investment	126,211	118,788	367,555	376,000
Interest on loans held for investment at fair value	15,319	26,345	60,490	46,801
Interest on securities available for sale	56,253	52,476	167,872	130,702
Other interest income	6,390	12,442	23,109	42,113
Total interest income	241,801	240,377	710,957	667,362
Interest expense:
Interest on deposits	83,221	96,863	248,166	271,019
Other interest expense	141	3,273	146	4,686
Total interest expense	83,362	100,136	248,312	275,705
Net interest income	158,439	140,241	462,645	391,657
Total net revenue	266,231	201,881	732,377	569,810
Provision for credit losses	46,280	47,541	144,162	115,029
Non-interest expense:
Compensation and benefits	60,830	57,408	181,208	173,502
Marketing	40,712	26,186	103,531	76,987
Equipment and software	13,465	12,789	42,604	37,833
Depreciation and amortization	16,879	13,341	46,248	39,086
Professional services	10,922	8,014	30,986	22,909
Occupancy	5,245	4,005	14,377	11,807
Other non-interest expense	14,660	14,589	42,344	38,699
Total non-interest expense	162,713	136,332	461,298	400,823
Income before income tax expense	57,238	18,008	126,917	53,958
Income tax expense	(12,964)	(3,551)	(32,794)	(12,348)
Net income	$44,274	$14,457	$94,123	$41,610
Earnings per share: (1)
Basic EPS	$0.39	$0.13	$0.82	$0.37
Diluted EPS	$0.37	$0.13	$0.81	$0.37
Weighted-average common shares – Basic	114,961,676	112,042,202	114,359,414	111,376,778
Weighted-average common shares – Diluted	118,188,124	113,922,256	116,690,642	112,027,815

(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.