10-Q · October 30, 2025
LendingClub Corporation's Q3 2025 results demonstrate a robust performance with significant revenue and EPS growth compared to the prior quarter and the same period last year. The company continues to generate strong…
Earnings analysis · 10-K
HAPN earnings analysis
Filed February 12, 2026 · Our reading of the company's report
The latest report
LendingClub Corporation's 10-K filing for the year ending December 31, 2025, demonstrates strong revenue growth fueled by loan originations and effective capital management. The company achieved a significant increase…
Read full summary
LendingClub Corporation's 10-K filing for the year ending December 31, 2025, demonstrates strong revenue growth fueled by loan originations and effective capital management. The company achieved a significant increase in net income to $135.7 million, reflecting improved operational efficiency and a solid financial position with capital ratios well above regulatory requirements. Key areas for growth include its banking operations and continued focus on digital financial services, although challenges related to rising interest rates and regulatory scrutiny pose risks.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.18
- Segment
- Marketplace revenue
- Segment
- Loan interest income
- Segment
- Other income
What stood out
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Strong Revenue Growth
Total revenue reached $998.8 million, up from $787.0 million in 2024.
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Increased Net Income
Net income rose to $135.7 million from $51.3 million in 2024.
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High Capital Ratios
Common Equity Tier 1 capital ratio of 17.4% exceeds the regulatory minimum of 4.5%.
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Effective Cost Management
Operating expenses increased only slightly despite revenue growth, maintaining profit margins.
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Significant Market Share
LendingClub Bank shows a strong presence in the digital banking space, positioning for future growth.
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Future Investment Plans
Capital expenditures are expected to be $95 million in 2026, indicating ongoing investment in technology.
What to watch
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Regulatory Scrutiny
The company faces increased scrutiny from federal regulators, which may impact operational flexibility.
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Interest Rate Sensitivity
Projected net interest income is expected to drop by 7.8% in a +200bps rate scenario.
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Credit Losses
Provision for credit losses was $191.3 million, indicating a potential increase in loan defaults.
Management's outlook
Annual revenue guidance will be discussed in the Q4 earnings call.
Earlier filings 2
10-Q · July 31, 2025
HAPN's Q2 2025 results demonstrated a moderately challenging environment, with some segments experiencing growth while others declined. The overall revenue trend and profitability margins indicated stabilizing…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.