LendingClub Corp
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed Apr 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Net Interest Income
The table below presents net interest income information corresponding to interest-earning assets and interest-bearing funding sources. The average yield/rate is calculated by dividing the annualized period-end interest income/expense by the average balance.
| Three Months EndedMarch 31, 2026 · Three Months EndedDecember 31, 2025 · Three Months EndedMarch 31, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AverageBalance · Interest Income/Expense · Average Yield/Rate · AverageBalance · Interest Income/Expense · Average Yield/Rate · AverageBalance · Interest Income/Expense · Average Yield/Rate | ||||||||||
| Interest-earning assets (1) | ||||||||||
| Cash, cash equivalents, restricted cash and other | $775,385 | $6,899 | 3.56% | $905,427 | $8,824 | 3.90% | $893,058 | $9,606 | 4.30% | |
| Securities available for sale at fair value | 3,737,199 | 54,411 | 5.82% | 3,695,980 | 55,948 | 6.06% | 3,397,720 | 56,280 | 6.63% | |
| Loans held for sale at fair value | 1,910,017 | 64,531 | 13.51% | 1,530,624 | 51,006 | 13.33% | 723,972 | 21,814 | 12.05% | |
| Loans held for investment at fair value | 807,486 | 25,467 | 12.62% | 455,168 | 12,292 | 10.80% | 921,008 | 25,410 | 11.04% | |
| Loans and leases held for investment at amortized cost: | ||||||||||
| Unsecured consumer loans | 2,934,584 | 94,763 | 12.92% | 3,252,204 | 106,716 | 13.13% | 3,097,136 | 104,722 | 13.53% | |
| Commercial and secured consumer loans | 1,055,569 | 15,136 | 5.74% | 1,060,201 | 15,800 | 5.96% | 1,012,060 | 14,227 | 5.62% | |
| Loans and leases held for investment at amortized cost | 3,990,153 | 109,899 | 11.02% | 4,312,405 | 122,516 | 11.36% | 4,109,196 | 118,949 | 11.58% | |
| Total loans and leases held for investment | 4,797,639 | 135,366 | 11.29% | 4,767,573 | 134,808 | 11.31% | 5,030,204 | 144,359 | 11.48% | |
| Total interest-earning assets | 11,220,240 | 261,207 | 9.31% | 10,899,604 | 250,586 | 9.20% | 10,044,954 | 232,059 | 9.24% | |
| Cash and due from banks and restricted cash | 26,343 | 32,308 | 30,084 | |||||||
| Allowance for loan and lease losses | (262,466) | (275,187) | (239,608) | |||||||
| Other non-interest earning assets | 668,486 | 644,221 | 593,740 | |||||||
| Total assets | $11,652,603 | $11,300,946 | $10,429,170 | |||||||
| Interest-bearing liabilities | ||||||||||
| Interest-bearing deposits(2): | ||||||||||
| Savings and money market accounts | $6,694,780 | $58,714 | 3.56% | $6,478,888 | $60,960 | 3.73% | $5,917,852 | $55,881 | 3.83% | |
| Certificates of deposit | 2,488,015 | 25,174 | 4.10% | 2,400,374 | 25,377 | 4.19% | 2,172,242 | 24,866 | 4.64% | |
| Checking accounts | 393,963 | 1,083 | 1.12% | 396,430 | 1,221 | 1.22% | 430,449 | 1,353 | 1.27% | |
| Interest-bearing deposits | 9,576,758 | 84,971 | 3.60% | 9,275,692 | 87,558 | 3.75% | 8,520,543 | 82,100 | 3.91% | |
| Other interest-bearing liabilities | 222 | 2 | 3.79% | 109 | 1 | 4.28% | 222 | 2 | 4.47% | |
| Total interest-bearing liabilities | 9,576,980 | 84,973 | 3.60% | 9,275,801 | 87,559 | 3.75% | 8,520,765 | 82,102 | 3.91% | |
| Three Months EndedMarch 31, 2026 · Three Months EndedDecember 31, 2025 · Three Months EndedMarch 31, 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AverageBalance · Interest Income/Expense · Average Yield/Rate · AverageBalance · Interest Income/Expense · Average Yield/Rate · AverageBalance · Interest Income/Expense · Average Yield/Rate | |||||||||||
| Noninterest-bearing deposits | 334,136 | 311,147 | 321,777 | ||||||||
| Other liabilities | 233,776 | 240,642 | 237,155 | ||||||||
| Total liabilities | $10,144,892 | $9,827,590 | $9,079,697 | ||||||||
| Total equity | $1,507,711 | $1,473,356 | $1,349,473 | ||||||||
| Total liabilities and equity | $11,652,603 | $11,300,946 | $10,429,170 | ||||||||
| Interest rate spread | 5.71% | 5.45% | 5.33% | ||||||||
| Net interest income and net interest margin | $176,234 | 6.28% | $163,027 | 5.98% | $149,957 | 5.97% | |||||
(1) Nonaccrual loans and any related income are included in their respective loan categories.
(2) Prior period amounts have been reclassified to conform to the current period presentation.
An analysis of the sequential and year-over-year changes in the categories of interest income and interest expense resulting from changes in volume and rate is as follows:
| Three Months Ended March 31, 2026Compared toThree Months Ended December 31, 2025 | |||
|---|---|---|---|
| Increase (Decrease) Due to Change in: | |||
| Average Volume (1) | Average Yield/Rate (1) | Total | |
| Interest-earning assets | |||
| Cash, cash equivalents, restricted cash and other | $(1,199) | $(726) | $(1,925) |
| Securities available for sale at fair value | 619 | (2,156) | (1,537) |
| Loans held for sale at fair value | 12,809 | 716 | 13,525 |
| Loans held for investment at fair value | 10,827 | 2,348 | 13,175 |
| Loans and leases held for investment at amortized cost | (8,957) | (3,660) | (12,617) |
| Total increase (decrease) in interest income on interest-earning assets | $14,099 | $(3,478) | $10,621 |
| Interest-bearing liabilities | |||
| Savings and money market accounts | $1,432 | $(3,678) | $(2,246) |
| Certificates of deposit | 557 | (760) | (203) |
| Checking accounts | (9) | (129) | (138) |
| Interest-bearing deposits | 1,980 | (4,567) | (2,587) |
| Other interest-bearing liabilities | 1 | — | 1 |
| Total increase (decrease) in interest expense on interest-bearing liabilities | $1,981 | $(4,567) | $(2,586) |
| Increase in net interest income | $12,118 | $1,089 | $13,207 |
(1) Volume and rate changes have been allocated on a consistent basis using the respective percentage changes in average balances and average rates.
| Three Months Ended March 31, 2026Compared toThree Months Ended March 31, 2025 | |||
|---|---|---|---|
| Increase (Decrease) Due to Change in: | |||
| Average Volume (1) | Average Yield/Rate (1) | Total | |
| Interest-earning assets | |||
| Cash, cash equivalents, restricted cash and other | $(1,171) | $(1,536) | $(2,707) |
| Securities available for sale at fair value | 5,315 | (7,184) | (1,869) |
| Loans held for sale at fair value | 39,772 | 2,945 | 42,717 |
| Loans held for investment at fair value | (3,339) | 3,396 | 57 |
| Loans and leases held for investment at amortized cost | (3,383) | (5,667) | (9,050) |
| Total increase (decrease) in interest income on interest-earning assets | $37,194 | $(8,046) | $29,148 |
| Interest-bearing liabilities | |||
| Savings and money market accounts | $7,069 | $(4,236) | $2,833 |
| Certificates of deposit | 3,426 | (3,118) | 308 |
| Checking accounts | (109) | (161) | (270) |
| Interest-bearing deposits | 10,386 | (7,515) | 2,871 |
| Other interest-bearing liabilities | — | — | — |
| Total increase (decrease) in interest expense on interest-bearing liabilities | $10,386 | $(7,515) | $2,871 |
| Increase (decrease) in net interest income | $26,808 | $(531) | $26,277 |
(1) Volume and rate changes have been allocated on a consistent basis using the respective percentage changes in average balances and average rates.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.