LendingClub Corp
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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.
Mar 31, 2026 · Filed Apr 30, 2026
HAPN$15.67-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(In Thousands, Except Share and Per Share Amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Interest income: | ||
| Interest on loans(1) | $199,897 | $166,173 |
| Interest on securities available for sale | 54,411 | 56,280 |
| Other interest income | 6,899 | 9,606 |
| Total interest income | 261,207 | 232,059 |
| Interest expense: | ||
| Interest on deposits | 84,971 | 82,100 |
| Other interest expense | 2 | 2 |
| Total interest expense | 84,973 | 82,102 |
| Net interest income | 176,234 | 149,957 |
| Non-interest income: | ||
| Origination fees(1) | 130,088 | 69,944 |
| Servicing fees(1) | 13,113 | 12,748 |
| Gain on sales of loans(1) | 16,269 | 12,202 |
| Net fair value adjustments(1) | (88,925) | (29,251) |
| Other non-interest income | 5,472 | 2,111 |
| Total non-interest income | 76,017 | 67,754 |
| Total net revenue | 252,251 | 217,711 |
| Provision for credit losses | 390 | 58,149 |
| Non-interest expense: | ||
| Compensation and benefits | 65,514 | 58,389 |
| Marketing | 55,415 | 29,239 |
| Equipment and software | 15,293 | 14,644 |
| Depreciation and amortization | 15,819 | 13,909 |
| Professional services | 11,767 | 9,764 |
| Occupancy | 6,391 | 4,345 |
| Other non-interest expense | 14,334 | 13,577 |
| Total non-interest expense | 184,533 | 143,867 |
| Income before income tax expense | 67,328 | 15,695 |
| Income tax expense | (15,725) | (4,024) |
| Net income | $51,603 | $11,671 |
| Earnings per share: | ||
| Basic EPS | $0.45 | $0.10 |
| Diluted EPS | $0.44 | $0.10 |
| Weighted-average common shares – Basic | 115,400,564 | 113,693,399 |
| Weighted-average common shares – Diluted | 117,333,435 | 116,176,898 |
(1) Prior period amounts have been reclassified to conform to the current period presentation. See “Note 1. Summary of Significant Accounting Policies” for additional information.
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