Short answer
LendingClub Corp (LC) filed its fiscal 2025 10-K annual report with the SEC on Feb 12, 2026. It reported revenue of $999M (+26.9% year over year) and net income of $136M.
- Top risk 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
FY2025 key financial metrics · XBRL
- Revenue
- $999M
- +26.9% YoY
- Net income
- $136M
- +164.3% YoY
- EPS (diluted)
- $1.16
- +157.8% YoY
- ROE
- 9.0%
- +5.2 pp YoY
- Operating cash flow
- −$2.7B
- −3.5% YoY
Source: XBRL data from the LendingClub Corp (LC) FY2025 10-K on SEC EDGAR. USD.
LendingClub Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.