LendingClub Files 8-K on Operations & Financial Condition
Ticker: LC · Form: 8-K · Filed: Jan 30, 2024 · CIK: 1409970
| Field | Detail |
|---|---|
| Company | Lendingclub CORP (LC) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K, corporate-filing
TL;DR
**LendingClub just dropped an 8-K on its financials, get ready for an update on their performance.**
AI Summary
LendingClub Corporation filed an 8-K on January 30, 2024, to report on its results of operations and financial condition. This filing, under Commission File Number 001-36771, indicates that the company is providing an update on its financial performance. For investors, this matters because it offers a timely glimpse into the company's health and operational efficiency, which can influence stock valuation and future investment decisions.
Why It Matters
This filing provides investors with crucial, up-to-date information on LendingClub's financial health, enabling them to make informed decisions about holding or buying the stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate adverse events.
Analyst Insight
A smart investor would review the detailed financial statements and results of operations once they become available to understand the company's performance and adjust their investment thesis accordingly.
Key Numbers
- 001-36771 — Commission File Number (identifies LendingClub's filings with the SEC)
- $0.01 — par value per share (the nominal value of LendingClub's common stock)
Key Players & Entities
- LendingClub Corporation (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — where LendingClub's common stock is registered
- January 30, 2024 (date) — date of earliest event reported and filing date
- 001-36771 (dollar_amount) — LendingClub's Commission File Number
- $0.01 (dollar_amount) — par value per share of common stock
FAQ
What is the purpose of LendingClub Corporation's 8-K filing dated January 30, 2024?
The purpose of LendingClub Corporation's 8-K filing on January 30, 2024, is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per the 'ITEM INFORMATION' section of the filing.
On which stock exchange is LendingClub Corporation's common stock registered?
LendingClub Corporation's common stock, with a par value of $0.01 per share, is registered on the New York Stock Exchange, as stated under 'Securities registered pursuant to Section 12(b) of the Act'.
What is LendingClub Corporation's business address?
LendingClub Corporation's business address is 595 Market Street, Suite 200, San Francisco, CA 94105, as detailed in the 'BUSINESS ADDRESS' section of the filing.
What is the earliest event reported date in this 8-K filing?
The earliest event reported date in this 8-K filing is January 30, 2024, as specified under 'Date of Report (Date of earliest event reported): January 30, 2024'.
Is LendingClub Corporation considered an emerging growth company according to this filing?
No, LendingClub Corporation is not considered an emerging growth company, as indicated by the unchecked box next to 'Emerging growth company' in the filing.
Filing Stats: 517 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-01-30 16:08:45
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share LC New York Stock Exchange
Filing Documents
- lc-20240130.htm (8-K) — 28KB
- q423exhibit991er.htm (EX-99.1) — 858KB
- lendingclublogonewa02a.jpg (GRAPHIC) — 15KB
- 0001409970-24-000003.txt ( ) — 1070KB
- lc-20240130.xsd (EX-101.SCH) — 2KB
- lc-20240130_lab.xml (EX-101.LAB) — 24KB
- lc-20240130_pre.xml (EX-101.PRE) — 12KB
- lc-20240130_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On January 30, 2024, LendingClub Corporation ("LendingClub") issued a press release (the "Earnings Press Release") regarding its financial results for the fourth quarter and year ended December 31, 2023. A copy of the Earnings Press Release is attached as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein. The information set forth in this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Title or Description 99.1 Press Release dated January 30, 2024 104 Cover Page Interactive Data File (Cover page XBRL tags are embedded within the Inline XBRL document) SIGNATURE(S) Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LendingClub Corporation Date: January 30, 2024 By: /s/ ANDREW LABENNE Andrew LaBenne Chief Financial Officer (duly authorized officer)