LendingClub Corp (LC) FY2025 10-K Annual Report
LendingClub Corp (LC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
LendingClub Corp FY2025 10-K Analysis
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
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
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
LendingClub Corp FY2025 Key Financial MetricsXBRL
Revenue
$999M
▲ +26.9% YoY
Net Income
$136M
▲ +164.3% YoY
Net Margin
13.6%
▲ +706bp YoY
ROE
9.0%
▲ +522bp YoY
Total Assets
$11.6B
▲ +8.8% YoY
EPS (Diluted)
$1.16
▲ +157.8% YoY
Operating Cash Flow
-$2.7B
▼ -3.5% YoY
Source: XBRL data from LendingClub Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.
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