v3.25.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Financial information for the segments is presented in the following tables:
LendingClub
Bank
LendingClub
Corporation (Parent only)
Total Reportable Segments
Three Months Ended June 30,202520242025202420252024
Non-interest income:
Marketplace revenue$73,424 $39,533 $9,989 $10,946 $83,413 $50,479 
Other non-interest income14,095 12,387 1,789 1,903 15,884 14,290 
Total non-interest income87,519 51,920 11,778 12,849 99,297 64,769 
Interest income:
Interest income236,958 217,814 139 1,820 237,097 219,634 
Interest expense(82,848)(90,888)— (218)(82,848)(91,106)
Net interest income154,110 126,926 139 1,602 154,249 128,528 
Total net revenue241,629 178,846 11,917 14,451 253,546 193,297 
Provision for credit losses(39,733)(35,561)— — (39,733)(35,561)
Non-interest expense:
Compensation and benefits(60,207)(54,862)(1,782)(1,678)(61,989)(56,540)
Marketing(33,580)(26,665)— — (33,580)(26,665)
Equipment and software(14,474)(12,333)(21)(27)(14,495)(12,360)
Depreciation and amortization(14,251)(10,896)(1,209)(2,176)(15,460)(13,072)
Professional services(10,019)(7,520)(281)(284)(10,300)(7,804)
Occupancy(2,845)(1,894)(1,942)(2,047)(4,787)(3,941)
Other non-interest expense(15,557)(12,687)(3,661)(5,245)(19,218)(17,932)
Total non-interest expense
(150,933)(126,857)(8,896)(11,457)(159,829)(138,314)
Income tax expense
(13,534)(3,872)(2,272)(647)(15,806)(4,519)
Net income(1)
$37,429 $12,556 $749 $2,347 $38,178 $14,903 
Capital expenditures$90,694 $12,865 $— $— $90,694 $12,865 
(1)    Total net income from reportable segments reflects net income on a consolidated basis.
LendingClub
Bank
LendingClub
Corporation (Parent only)
Total Reportable Segments
Six Months Ended June 30,202520242025202420252024
Non-interest income:
Marketplace revenue$125,634 $78,048 $15,784 $20,774 $141,418 $98,822 
Other non-interest income27,036 26,082 3,780 3,849 30,816 29,931 
Total non-interest income152,670 104,130 19,564 24,623 172,234 128,753 
Interest income:
Interest income468,713 422,621 443 4,364 469,156 426,985 
Interest expense(164,950)(175,011)— (558)(164,950)(175,569)
Net interest income303,763 247,610 443 3,806 304,206 251,416 
Total net revenue456,433 351,740 20,007 28,429 476,440 380,169 
Provision for credit losses(97,882)(67,488)— — (97,882)(67,488)
Non-interest expense:
Compensation and benefits(117,070)(112,874)(3,308)(3,220)(120,378)(116,094)
Marketing(62,819)(50,801)— — (62,819)(50,801)
Equipment and software(29,093)(24,969)(46)(75)(29,139)(25,044)
Depreciation and amortization(26,794)(21,062)(2,575)(4,683)(29,369)(25,745)
Professional services(19,656)(14,506)(408)(389)(20,064)(14,895)
Occupancy(5,246)(3,690)(3,886)(4,112)(9,132)(7,802)
Other non-interest expense(30,004)(25,451)(7,974)(10,899)(37,978)(36,350)
Total non-interest expense(290,682)(253,353)(18,197)(23,378)(308,879)(276,731)
Income tax expense
(18,406)(7,557)(1,424)(1,240)(19,830)(8,797)
Net income (1)
$49,463 $23,342 $386 $3,811 $49,849 $27,153 
Capital expenditures$103,760 $24,646 $— $— $103,760 $24,646 
(1)    Total net income from reportable segments reflects net income on a consolidated basis.

Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Total net revenue – reportable segments$253,546 $193,297 $476,440 $380,169 
Intercompany eliminations(5,111)(6,056)(10,294)(12,240)
Total net revenue – consolidated$248,435 $187,241 $466,146 $367,929 
LendingClub Bank
LendingClub
Corporation (Parent only)
Total Reportable Segments
 June 30, 2025December 31, 2024June 30, 2025December 31, 2024June 30, 2025December 31, 2024
Assets
Total cash and cash equivalents$731,078 $932,463 $136,588 $65,981 $867,666 $998,444 
Restricted cash— — 28,911 27,536 28,911 27,536 
Securities available for sale at fair value3,527,142 3,452,648 — — 3,527,142 3,452,648 
Loans held for sale at fair value1,008,168 636,352 — — 1,008,168 636,352 
Loans and leases held for investment, net4,133,332 3,889,084 — — 4,133,332 3,889,084 
Loans held for investment at fair value
629,615 1,023,226 2,121 4,572 631,736 1,027,798 
Property, equipment and software, net240,322 158,995 5,962 8,537 246,284 167,532 
Investment in subsidiary— — 892,303 910,544 892,303 910,544 
Goodwill75,717 75,717 — — 75,717 75,717 
Other assets316,067 300,621 83,592 121,198 399,659 421,819 
Total assets10,661,441 10,469,106 1,149,477 1,138,368 11,810,918 11,607,474 
Liabilities and Equity
Total deposits9,258,380 9,116,821 — — 9,258,380 9,116,821 
Other liabilities198,473 177,711 55,727 60,667 254,200 238,378 
Total liabilities9,456,853 9,294,532 55,727 60,667 9,512,580 9,355,199 
Total equity1,204,588 1,174,574 1,093,750 1,077,701 2,298,338 2,252,275 
Total liabilities and equity$10,661,441 $10,469,106 $1,149,477 $1,138,368 $11,810,918 $11,607,474 

June 30, 2025December 31, 2024
Total assets – reportable segments$11,810,918 $11,607,474 
Intercompany eliminations(1,035,585)(976,965)
Total assets – consolidated$10,775,333 $10,630,509 

June 30, 2025December 31, 2024
Total liabilities and equity – reportable segments$11,810,918 $11,607,474 
Intercompany eliminations – liabilities(143,282)(66,421)
Intercompany eliminations – equity(892,303)(910,544)
Total liabilities and equity – consolidated$10,775,333 $10,630,509