Welcome to our dedicated page for LendingClub SEC filings (Ticker: LC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
LendingClub Corporation filings document formal disclosures for a Delaware bank holding company and digital marketplace bank. Its 8-K reports record quarterly and annual operating results, Regulation FD presentations, capital actions such as common stock repurchase authorization, and governance or executive-transition matters.
Annual proxy materials cover director elections, executive compensation, auditor ratification and proposed charter governance changes, including board classification and voting-threshold provisions. The filing record also supports review of LendingClub's balance-sheet funding, loan origination economics, capital structure, risk oversight and public-company governance framework.
LendingClub Corp Chief Financial Officer Andrew LaBenne reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On 2026-05-25, he exercised RSUs into a total of 25,961 shares of common stock, reflected across multiple transactions coded "M" for derivative exercises.
To cover tax obligations from the RSU vesting, 13,373 shares of common stock were withheld by the company at a price of $15.63 per share, a disposition coded "F" that the footnotes state does not represent a sale. Following these transactions, LaBenne directly holds 254,955 shares of LendingClub common stock and indirectly holds 12,000 shares through UTMA accounts for his children.
LendingClub Corp CEO Scott Sanborn reported routine equity compensation activity involving restricted stock units and related tax withholding. On May 25, 2026, RSUs converted into a total of 27,815 shares of common stock through derivative exercises recorded at $0.0000 per share.
To satisfy tax obligations from the RSU vesting, 14,856 common shares were withheld by the company at $15.63 per share, as noted in the footnotes, and this did not represent an open-market sale. After these transactions, Sanborn directly held 1,618,754 shares of LendingClub common stock and continued to hold 39,453 RSUs representing additional contingent rights to future shares.
LendingClub Corp General Counsel & Secretary Jordan Cheng reported routine equity compensation activity. On May 25, 2026, Cheng exercised restricted stock units that delivered 12,115 shares of common stock. The company withheld 5,480 shares at $15.63 per share to cover tax obligations, which was not an open-market sale.
After these transactions, Cheng directly holds 118,167 shares of common stock and 17,184 RSUs that continue to vest quarterly in 8.33% increments, subject to continued service.
LendingClub Corporation reported much stronger results for the quarter ended March 31, 2026. Net income rose to $51.6 million from $11.7 million a year earlier, with basic EPS increasing to $0.45 from $0.10. Total net revenue grew to $252.3 million, driven by higher net interest income of $176.2 million and sharply higher origination fees of $130.1 million.
The company implemented a key change by electing the fair value option for newly originated held-for-investment loans beginning January 1, 2026. This shifts expected credit losses from the provision line into fair value marks, contributing to a much lower credit loss provision of $0.4 million versus $58.1 million in the prior-year quarter, while net fair value adjustments were a negative $88.9 million.
Total assets increased to $11.9 billion, and deposits grew to $10.2 billion, with certificates of deposit reaching $2.54 billion. The allowance for loan and lease losses declined to $237.7 million, and nonaccrual loans were $58.7 million, or 1.6% of loans and leases held for investment at amortized cost.
LendingClub Corp ownership filing: Vanguard Portfolio Management reports beneficial ownership of 7,716,293 shares of Common Stock, representing 6.69% of the class as of 03/31/2026. The filing shows sole voting power for 82,426 shares and sole dispositive power over 7,716,293 shares; holdings are reported on behalf of Vanguard funds and managed accounts.
LendingClub reported strong first quarter 2026 results, with total net revenue of $252.3 million, up 16% year-over-year, and record pre-tax income of $67.3 million.
Net income rose to $51.6 million and diluted EPS to $0.44, both more than quadrupling versus the prior year. Loan originations reached $2.7 billion, up 31%, while net interest margin expanded to 6.28% and provision for credit losses dropped to $0.4 million.
The company plans to rebrand as Happen Bank in summer 2026, has begun originating home improvement loans, and is running over 60 AI initiatives that helped drive a >90% automation rate for issued personal loans. Management guided 2026 loan originations to $11.6–$12.6 billion and diluted EPS to $1.65–$1.80.
LendingClub Corporation reports a Schedule 13G filing showing Bay Pond Investors (Bermuda) L.P. beneficially owns 5,882,684 shares of Common Stock, representing 5.11% of the class as of 04/17/2026.
The filing lists shared voting and shared dispositive power over these shares and is signed by an authorized person for Wellington Alternative Investments LLC on 04/24/2026.
LendingClub Corporation reported that Bay Pond Partners, L.P. beneficially owns 5,866,912 shares of common stock, representing 5.09% of the class. The filing states Bay Pond holds shared voting and dispositive power over those 5,866,912 shares. The filing is signed by an authorized person on 04/24/2026.
LendingClub Corporation is asking stockholders to vote at its June 2, 2026 virtual annual meeting on five items, including electing three Class III directors, an advisory vote on executive pay, auditor ratification, and two charter amendments to declassify the board and remove supermajority voting requirements.
The proxy highlights strong 2025 execution: loan originations grew from $7.2 billion to $9.6 billion, total assets reached $11.6 billion, earnings per share more than doubled, and the company reports a double‑digit return on tangible common equity alongside credit performance it describes as better than competitors.
LendingClub emphasizes stockholder feedback, especially on equity dilution. It committed to cut annual equity utilization below 4% by the end of 2027 and shows adjusted utilization declining from 3.2% in 2021 to 0.8% in 2025, aided by shifting part of long‑term pay into multi‑year cash awards and authorizing up to $100 million of share repurchases through December 31, 2026.