LC at a glance
LendingClub Corp (LC, SEC CIK 1409970) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 27, 2026 and Form 4 insider filings as recently as September 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), LendingClub Corp (LC) reported revenue of $998.8 million (up 26.9% from FY2024) and net income of $135.7 million. Diluted EPS was $1.16.
- As of June 30, 2026, 29 institutional investment managers tracked by SignalX reported holding LendingClub Corp (LC) shares worth $925.9 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Selleck Erin on September 15, 2026 of 7,148 shares at $16.68 per share.
- In the last 90 days, LC insiders reported 0 open-market purchases ($0) and 10 open-market sales ($4.3M) on Form 4, a net sale of $4.3M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $998.8M
- +26.9% vs prior year
- Insiders · 90 days
- 0 buys · 10 sells
- Net −$4.3M
- 13F holders
- 29 funds
- $925.9M · +0 vs prior quarter
- Latest 8-K
- Jul 27, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Online lending platform connecting borrowers and investors
- New Repurchase and Acquisition Program approved Nov 2025 to buy up to $100 million shares through Dec 2026
- Strategic shift toward active share repurchase to enhance stockholder value amid market conditions
- Dividend policy unchanged; no dividends planned due to regulatory restrictions and reinvestment strategy
- Emphasis on regulatory constraints impacting dividend payments and capital return strategies
Risk Factors
- Basel III capital ratios minimum: CET1 4.5%, Tier 1 6.0%, total risk-based 8.0%, leverage 4.0%, plus 2.5% capital conservation buffer
- Regulatory risk from OCC and FRB as LC Bank is a nationally chartered bank subject to bank holding company supervision
- Capital conservation buffer breach limits capital distributions, share repurchases, and discretionary bonuses
- Exposure to potential higher capital requirements imposed by banking regulators beyond Basel III minimums
- Capital adequacy tied to ongoing risk profile and risk tolerance monitored continuously by management
Management Discussion & Analysis
- Total revenue $998.8M in 2025, up 27% YoY from $787.0M in 2024, driven by marketplace revenue increasing 47% to $355.9M
- Net income $135.7M in 2025, up 164% YoY from $51.3M in 2024; operating margin improved with net revenue margin approx. 62.7% vs 52.5%
- Best segment: Origination fees $372.8M (+32% YoY) on loan originations $9.59B (+33%); Worst segment: Servicing fees $59.0M (-9% YoY) on declining loan balances
- Net interest income increased 17% to $625.7M; provision for credit losses $191.3M (+7%); non-interest expense $630.6M (+16%)
- No explicit cash flow data or capital allocation detailed; management highlights improving credit performance and higher loan volumes as positive trends for outlook
AI summary of the LC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Q2 net revenue $262.9M, up 6% YoY from $248.4M
- Profit margin 28.8% vs 21.7% YoY; net income $58.1M vs $38.2M
- Loan originations $3.15B, up 29% YoY; held-for-investment originations $1.11B, up 51%
- Net interest income $179.0M, up 16% YoY; net interest margin 6.14% vs 6.14%
- Deposits $10.77B vs $9.14B YoY; total assets $12.55B vs $10.78B
Risk Factors
- New macroeconomic risk: 2026 Iran conflict increasing U.S. inflation despite no Iran operations or customers
- Regulatory risk: Stockholders approved board declassification and removed supermajority voting requirements on June 2, 2026
- Financial risk: $50.3 million of $100 million repurchase authorization utilized through June 30, 2026
- Market risk: Inflation and economic deterioration could adversely affect customers and business performance
AI summary of the LC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Earnings release issued July 27, 2026
Item EX-99.1: Item EX-99.1
- Q2 net income $58.1M and diluted EPS $0.50, up 52% year-over-year, signaling strong earnings momentum
- Originations $3.1B, up 29% year-over-year, with Q3 guidance of $3.20B–$3.35B and full-year guidance of $12.2B–$12.6B
Item 7.01: Regulation FD Disclosure
- Press release issued June 22, 2026 regarding the company name change and listing change
- Exhibit 99.1 contains the substantive announcement for investors and shareholders
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Corporate name changed from LendingClub Corporation to Happen, Inc., effective June 22, 2026
- Certificate of incorporation amended and bylaws restated to reflect the new name
Item EX-99.1: Item EX-99.1
- LendingClub rebranded as Happen Bank, signaling a strategic shift toward a broader digital-banking identity
- Common stock began Nasdaq trading under ticker HAPN on June 22, 2026
Item 8.01: Other Events
- Common stock transferred from NYSE to Nasdaq Global Select Market
- Trading symbol changed from “LC” to “HAPN” at market open on the Effective Date
Item 5.07: Submission of Matters to a Vote of Security Holders
- 92,014,166 shares represented, equal to 79.66% of voting shares; quorum established
- Kathryn Reimann, Scott Sanborn and Michael Zeisser elected as Class III directors through 2029
AI summaries of LC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for LC
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Selleck Erin | Sell | Sep 15, 2026 | 7,148 | $16.68 |
| Selleck Erin | Sell | Sep 4, 2026 | 2,057 | $17.41 |
| Cheng Jordan | Sell | Sep 3, 2026 | 2,800 | $17.56 |
| Sanborn Scott | Sell | Aug 26, 2026 | 28,750 | $18.25 |
| Stack Fergal | F | Aug 25, 2026 | 2,682 | $18.25 |
| Stack Fergal | M | Aug 25, 2026 | 1,569 | - |
| Mattics Steven C | M | Aug 25, 2026 | 21,034 | - |
| Stack Fergal | M | Aug 25, 2026 | 3,117 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $864.6M | $787.0M | $998.8M |
| Net Income | $38.9M | $51.3M | $135.7M |
| Net Margin | 4.5% | 6.5% | 13.6% |
| Balance Sheet | |||
| Total Assets | $8.8B | $10.6B | $11.6B |
| Equity | $1.3B | $1.3B | $1.5B |
| ROE | 3.1% | 3.8% | 9.0% |
| Per Share | |||
| EPS | $0.36 | $0.45 | $1.16 |
| Cash Flow | |||
| Operating CF | -$1.1B | -$2.6B | -$2.7B |
| CapEx | - | $54.3M | $140.3M |
Source: XBRL data in LendingClub Corp (LC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate LC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 29 | $925.9M |
| Q1 2026 | 29 | $592.1M |
| Q4 2025 | 30 | $781.2M |
| Q3 2025 | 30 | $611.1M |
| Q2 2025 | 27 | $497.8M |
| Q1 2025 | 25 | $319.5M |
| Q4 2024 | 20 | $472.8M |
| Q3 2024 | 16 | $215.2M |
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- Vanguard Portfolio Management LLC+615.1K (+8%)
- Dimensional Fund Advisors+527.0K (+9%)
- FMR LLC (Fidelity)−853.6K (-96%)
- Citadel Advisors LLC−569.8K (-40%)
- Millennium Management−128.9K (-25%)
- Fifth Third Bancorp−72.9K (-99%)
- Allstate−46.5K (-63%)
- Bridgewater Associates LP+26.1K
- Mangrove Partners+15.8K
- Raymond James Financial−37.4K
- Ameriprise Financial−16.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 206 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
LC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| SC 13G | Jul 31, 2026 | - | - | |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 27, 2026 | - | Analysis | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 26, 2026 | - | - | - |
| 8-K | Jun 22, 2026 | - | Analysis | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 4, 2026 | - | - |
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LC SEC filings: frequently asked questions
Are LC insiders buying or selling?
In the last 90 days, LendingClub Corp (LC) officers, directors and 10% owners reported no open-market purchases and 10 open-market sales worth $4.3 million by 5 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold LC stock?
As of June 30, 2026, the largest LendingClub Corp (LC) holders among the 13F filers tracked by SignalX were BlackRock ($208.7 million), Vanguard Portfolio Management LLC ($171.1 million), Dimensional Fund Advisors ($130.4 million), Vanguard Capital Management LLC ($101.9 million), State Street Corp ($61.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was LC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), LendingClub Corp (LC) reported revenue of $998.8 million (up 26.9% from FY2024) and net income of $135.7 million. Diluted EPS was $1.16. The figures come from the XBRL data in the 10-K.
What are the main risks in LC's latest 10-K?
In the 10-K filed February 12, 2026, LendingClub Corp (LC) flagged: Basel III capital ratios minimum: CET1 4.5%, Tier 1 6.0%, total risk-based 8.0%, leverage 4.0%, plus 2.5% capital conservation buffer. Regulatory risk from OCC and FRB as LC Bank is a nationally chartered bank subject to bank holding company supervision. (AI summary of the Risk Factors section.)
What did LC report in its latest 8-K?
LendingClub Corp (LC) filed an 8-K on July 27, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results covered quarter ended June 30, 2026.
What are the latest LC SEC filings?
LendingClub Corp (LC) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 27, 2026 and a Form 4 insider filing on September 17, 2026.
What is LC's SEC CIK number?
LendingClub Corp (LC)'s SEC Central Index Key (CIK) is 1409970. EDGAR lists every LC filing under that number.
Ask anything about LC
The research agent reads LC's filings, financials, insider trades and 13F holders, then answers with sources.