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LendingClub Reports First Quarter 2026 Results

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Strong Performance Across Key Metrics 
Delivered Record $67.3 Million Pre-Tax Income, 13.7% ROE, and 14.5% ROTCE
Increased Originations +31% and Delivered Diluted EPS of $0.44, +340%
Rebranding to Happen Bank in Summer 2026

SAN FRANCISCO, April 27, 2026 /PRNewswire/ — LendingClub Corporation (NYSE: LC) today announced financial results for the first quarter ended March 31, 2026.

“We’re starting 2026 with exceptional momentum, delivering 31% year-over-year growth in originations while achieving record pre-tax earnings of $67 million and ROTCE of 14.5%,” said Scott Sanborn, LendingClub CEO. “At the same time, we advanced key strategic priorities, including the upcoming rebrand to Happen Bank, expanding into the $500 billion home improvement loan category, and maintaining our credit outperformance. Our focused, proven strategy is successfully attracting and retaining high-quality members as we continue generating consistent, durable returns.”

First Quarter 2026 Results

Highlights:

Announced new brand, Happen Bank, launching summer 2026, reflecting both our expanded banking capabilities and our core mission: to clear the way for people going places.Began underwriting and originating home improvement loans in April, leveraging distinct advantages over incumbents and opening meaningful opportunity for growth.Achieved $2.7 billion in origination volume, up 31% compared to the prior year, driven in part by the successful execution of product and marketing initiatives.Diluted EPS of $0.44, more than quadrupled compared to the prior year.Continued credit outperformance vs. competitor set, with over 40% lower delinquencies.AI-powered automation and agent support tools led to record personal loans operations production efficiency in the first quarter and a record-high >90% automation rate for issued loans.Executed $26 million of the $100 million Stock Repurchase and Acquisition Program, with cumulative utilization through March totaling $38 million.

Balance Sheet:

Total assets of $11.9 billion, up 14% year-over-year, primarily due to growth in loans and securities.Deposits of $10.2 billion, up 14% year-over-year, with 88% of deposits FDIC-insured.Robust available liquidity of $3.7 billion.Strong capital position with a consolidated Tier 1 leverage ratio of 11.9% and a CET1 capital ratio of 17.0%.

Financial Performance:

Loan originations grew 31% to $2.7 billion, compared to $2.0 billion in the prior year, driven by the successful execution of product and marketing initiatives.Total net revenue increased 16% to $252.3 million, compared to $217.7 million in the prior year, driven by higher loan sales and loan sale pricing and higher net interest margin on a larger balance sheet.Net interest margin expanded to 6.28%, compared to 5.97% in the prior year, driven primarily by improved deposit funding costs. Provision for credit losses of $0.4 million, compared to $58.1 million in the prior year, due to strong credit performance and the 2026 election of fair value option (FVO) accounting for all new originations.Net charge-offs on total loans and leases held for investment improved to $42.5 million, compared to $76.1 million in the same quarter in the prior year, supported by strong credit performance.Net income and Diluted EPS more than quadrupled to $51.6 million and $0.44, respectively, compared to  $11.7 million and $0.10 in the prior year, respectively.Profit margin (pre-tax) of 26.7%, compared to 7.2% in the prior year.Return on Equity (ROE) of 13.7% with a Return on Tangible Common Equity (ROTCE) of 14.5%.

Summary Financial Highlights:

Three Months Ended

($ in millions, except per share amounts)

March 31,
2026

December 31,
2025

March 31,
2025

Total net revenue

$           252.3

$           266.5

$           217.7

Provision for credit losses

0.4

47.2

58.1

Non-interest expense

184.5

169.3

143.9

Income before income tax expense

67.3

50.0

15.7

Income tax expense

(15.7)

(8.5)

(4.0)

Net income

$            51.6

$            41.6

$            11.7

Diluted EPS

$            0.44

$            0.35

$            0.10

For a calculation of Tangible Book Value Per Common Share and Return on Tangible Common Equity, refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” tables at the end of this release.

2026 Strategic Priorities & Investments

LendingClub has made important progress on several strategic initiatives:

Corporate Rebrand: Rebranding to Happen BankTM, a bank that clears the way for people going places, providing fast and easy access to award-winning products that help them save more of what they earn and earn more on what they save. The new brand reflects LendingClub’s transition from a pioneering online lender to a diversified digital-first bank that combines deposits, lending, and a capital-light marketplace bank model. The company will transition to the new brand this summer. Rebrand-related costs are included in the 2026 financial guidance.

Home Improvement Financing: Having previously acquired foundational technology and key talent, LendingClub is now underwriting and originating home improvement loans through its initial partnership with the Wisetack platform. Inbound interest from additional potential partners has been significant. Home improvement financing is a $500 billion market where LendingClub has distinct advantages over incumbents and a meaningful opportunity for growth.

AI and Operating Efficiency: The company has over 60 active AI initiatives underway across marketing, product, engineering, operations, customer experience, and compliance, with the goal of improving efficiency and supporting margin expansion over time. AI-powered automation and agent support tools have already led to record personal loans operations production efficiency and a record-high >90% automation rate for issued loans in the first quarter.

New Marketing Channel Investment: LendingClub accelerated investments in new acquisition channels, including paid social and display, ahead of normal seasonal timing in order to build attribution models and data capabilities for the full-year 2026 growth plan. Successful execution of marketing and product initiatives contributed to a 31% year-over-year increase in originations growth in the first quarter.

Transition to Fair Value Option Accounting: Starting first quarter of 2026, LendingClub has adopted FVO accounting for all new originations of loans held for investment. This change aligns the accounting treatment for loans held for investment and held for sale, creating a consistent framework across the business and removing the front-loaded CECL reserve impact that corresponds to balance sheet growth. The company expects this transition will, over time, result in higher return on invested capital.

From a financial reporting perspective, under FVO, new loans are marked to fair value at origination, with subsequent changes in fair value, reflecting both credit performance and market conditions, flowing through non-interest income each quarter rather than through a separate provision for credit losses. The company will no longer record a CECL provision on new loan originations.

Financial Outlook

Second Quarter 2026

Loan originations

$3.0B to $3.1B

Diluted EPS

$0.40 to $0.45

Full Year 2026

Loan originations

$11.6B to $12.6B

Diluted EPS

$1.65 to $1.80

About LendingClub

LendingClub Bank (soon to be Happen BankTM) is a digital bank built for the Motivated Middle: high-FICO, high-income, digitally savvy consumers actively managing their financial lives. Our difference? We make it easy for them to access award-winning products that help them keep more of what they earn and earn more on what they save. Our products are aligned by design to reward our five million plus members when they take positive financial steps, like saving regularly or making loan payments on time.

Our success is fueled by our advanced credit underwriting, a proprietary technology platform engineered for innovation, and a marketplace bank model that drives value for members, loan investors, and shareholders alike. The result is affordable credit, meaningful value, and a trusted banking relationship delivered consistently and profitably at scale.

As we look to our next chapter, we’re choosing a name that reflects why we exist: to clear the way for our members to make it happen. Learn more at https://www.meethappen.com

LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com

Conference Call and Webcast Information

The LendingClub first quarter 2026 webcast and teleconference is scheduled to begin at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on Monday, April 27, 2026. A live webcast of the call will be available at http://ir.lendingclub.com under the Filings & Financials menu in Quarterly Results. To listen to the call, register using this link: https://events.q4inc.com/attendee/442019885 ten minutes prior to 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time). An audio archive of the call will be available at http://ir.lendingclub.com. LendingClub has used, and intends to use, its investor relations website, X (formerly Twitter) handles (@LendingClub and @LendingClubIR) and Facebook page (https://www.facebook.com/LendingClubTeam) as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD.

Question Submissions

Prior to quarterly earnings, investors have the ability to submit and upvote questions for LendingClub’s management team to consider. To participate, visit the link provided in each quarter’s earnings date announcement.

Contacts
For Investors:
IR@lendingclub.com

Media Contact:
Press@lendingclub.com

Non-GAAP Financial Measures

To supplement our financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: Tangible Book Value (TBV) Per Common Share and Return on Tangible Common Equity (ROTCE). Our non-GAAP financial measures do have limitations as analytical tools and you should not consider them in isolation or as a substitute for an analysis of our results under GAAP.

We believe these non-GAAP financial measures provide management and investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies.

We believe TBV Per Common Share is an important measure used to evaluate the company’s use of equity. TBV Per Common Share is a non-GAAP financial measure representing tangible common equity for the period (common equity reduced by goodwill and customer relationship intangible assets), divided by the ending number of common shares issued and outstanding.

We believe ROTCE is an important measure because it reflects the company’s ability to generate income from its core assets. ROTCE is a non-GAAP financial measure calculated by dividing annualized net income by the average tangible common equity for the applicable period.

For a reconciliation of such measures to the nearest GAAP measures, please refer to the tables on page 11 of this release.

Safe Harbor Statement

Some of the statements above, including statements regarding our entry into home improvement financing, our rebranding initiative, and anticipated future performance and financial results, are “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “project,” “should,” “will,” “would” and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our loan performance, our ability to continue to attract and retain new and existing borrowers and marketplace investors (including retaining long-term investors through the duration of their expected partnership and achieving the anticipated level of purchases); competition; overall economic conditions; our ability to integrate acquired technology; the interest rate and/or regulatory environment; default rates and those factors set forth in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in our subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

LENDINGCLUB CORPORATION
OPERATING HIGHLIGHTS
(In thousands, except percentages or as noted)
(Unaudited)

 

As of and for the three months ended

% Change

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

March 31,
2025

Q/Q

Y/Y

Operating Highlights:

Net interest income

$  176,234

$    163,027

$    158,439

$  154,249

$  149,957

8 %

18 %

Non-interest income

76,017

103,444

107,792

94,186

67,754

(27) %

12 %

Total net revenue

252,251

266,471

266,231

248,435

217,711

(5) %

16 %

Provision for credit losses

390

47,158

46,280

39,733

58,149

(99) %

(99) %

Non-interest expense

184,533

169,284

162,713

154,718

143,867

9 %

28 %

Income before income tax expense

67,328

50,029

57,238

53,984

15,695

35 %

329 %

Income tax expense

(15,725)

(8,475)

(12,964)

(15,806)

(4,024)

86 %

291 %

Net income

$   51,603

$     41,554

$      44,274

$   38,178

$   11,671

24 %

342 %

Diluted EPS

$       0.44

$         0.35

$          0.37

$       0.33

$       0.10

26 %

340 %

Total loan originations (in millions)(1)

$     2,669

$       2,637

$        2,656

$     2,433

$     2,032

1 %

31 %

Current period originations sold or held
     for sale

$     1,717

$       2,090

$        2,027

$     1,702

$     1,314

(18) %

31 %

Current period originations held for
     investment

$        952

$          547

$           629

$        731

$       717

74 %

33 %

Total servicing portfolio (in millions)(2)

$  13,854

$     13,423

$      12,986

$   12,524

$   12,241

3 %

13 %

Loans serviced for others

$    7,750

$       7,601

$        7,612

$     7,185

$     7,130

2 %

9 %

Performance Metrics:

Net interest margin

6.28 %

5.98 %

6.18 %

6.14 %

5.97 %

Profit margin(3)

26.7 %

18.8 %

21.5 %

21.7 %

7.2 %

Return on average equity (ROE)(4)

13.7 %

11.3 %

12.4 %

11.1 %

3.5 %

Return on tangible common equity (ROTCE)(5)(6)

14.5 %

11.9 %

13.2 %

11.8 %

3.7 %

Return on average total assets (ROA)(7)

1.8 %

1.5 %

1.7 %

1.5 %

0.4 %

Marketing expense as a % of loan

     originations(1)

2.08 %

1.73 %

1.53 %

1.38 %

1.44 %

Average balance – total loans and leases

held for investment

$ 4,797,639

$  4,767,573

$  4,890,619

$ 4,899,272

$ 5,030,204

1 %

(5) %

Net charge-offs – total loans and leases

     held for investment

$   42,493

$     47,852

$      41,899

$   46,078

$   76,128

(11) %

(44) %

Net charge-off ratio – total loans and leases

     held for investment(8)

3.5 %

4.0 %

3.4 %

3.8 %

6.1 %

Capital Metrics:

Common equity Tier 1 capital ratio

17.0 %

17.4 %

18.0 %

17.5 %

17.8 %

Tier 1 leverage ratio

11.9 %

12.0 %

12.3 %

12.2 %

11.7 %

Book value per common share

$    13.19

$      13.01

$       12.68

$    12.25

$    11.95

1 %

10 %

Tangible book value per common share(6)

$    12.49

$      12.30

$       11.95

$    11.53

$    11.22

2 %

11 %

(1)  Beginning in the first quarter of 2026, includes all loans originated during the respective periods (unsecured consumer loans, auto loans and

      small business loans). Previously this included unsecured consumer loans and auto loans only. In the first quarter of 2026, this update

      included $15 million of small business loan originations. Prior periods have been reclassified to conform to the current period presentation.

(2)  Reflects loans serviced on our platform, which includes unsecured consumer loans and auto loans serviced for others for which servicing

      rights are retained by the Company.

(3)  Calculated as the ratio of income before income tax expense to total net revenue.

(4)  Calculated as annualized net income divided by average equity for the period presented.

(5)  Calculated as annualized net income divided by average tangible common equity for the period presented.

(6)  Represents a non-GAAP financial measure. See “Reconciliation of GAAP to Non-GAAP Financial Measures.”

(7)  Calculated as annualized net income divided by average total assets for the period presented.

(8)  Beginning in the first quarter of 2026, the net charge-off ratio is calculated as annualized net charge-offs for total loans and leases held for

      investment (at amortized cost and fair value) divided by average total outstanding loans and leases held for investment during the period.

      Prior to the first quarter of 2026, this was calculated based on loans and leases held for investment at amortized cost only. Prior period

      amounts have been reclassified to conform to the current period presentation.

 

LENDINGCLUB CORPORATION
OPERATING HIGHLIGHTS (Continued)
(In thousands, except percentages or as noted)
(Unaudited)

As of the period ended

% Change

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

March 31,
2025

Q/Q

Y/Y

Balance Sheet Data:

Securities available for sale

$   3,867,576

$     3,706,709

$      3,742,304

$   3,527,142

$   3,426,571

4 %

13 %

Loans held for sale

$   1,836,121

$     1,762,396

$      1,213,140

$   1,008,168

$      703,378

4 %

161 %

Loans and leases held for investment

$   4,700,990

$     4,470,383

$      4,573,425

$   4,765,068

$   4,790,138

5 %

(2) %

Total loans and leases

$   6,537,111

$     6,232,779

$      5,786,565

$   5,773,236

$   5,493,516

5 %

19 %

Total assets

$ 11,939,839

$   11,567,816

$    11,072,515

$ 10,775,333

$ 10,483,096

3 %

14 %

Total deposits

$ 10,189,511

$     9,833,870

$      9,388,233

$   9,136,124

$   8,905,902

4 %

14 %

Total liabilities

$ 10,416,311

$   10,067,388

$      9,610,302

$   9,369,298

$   9,118,579

3 %

14 %

Total equity

$   1,523,528

$     1,500,428

$      1,462,213

$   1,406,035

$   1,364,517

2 %

12 %

 

LENDINGCLUB CORPORATION
LOANS AND LEASES HELD FOR INVESTMENT BY DELINQUENCY STATUS
(In thousands)
(Unaudited)

 

The following tables present loans and leases held for investment (at amortized cost and fair value) by delinquency status(1):

March 31, 2026

Current

30-59
Days

60-89
Days

90 or More
Days

Total

Guaranteed
Amount (2)

Unsecured consumer (3)

$ 3,703,293

$   22,006

$   18,305

$     16,826

$ 3,760,430

$            —

Residential mortgages

147,730

1,719

25

149,474

Secured consumer

341,829

3,012

545

237

345,623

Total consumer loans held for investment

4,192,852

26,737

18,850

17,088

4,255,527

Equipment finance (4)

32,824

3,623

36,447

Commercial real estate (5)

480,877

399

10,295

491,571

38,372

Commercial and industrial

129,103

3,662

1,417

20,122

154,304

107,816

Total commercial loans and leases held for

 investment

642,804

$     3,662

$     1,816

$     34,040

$    682,322

$      146,188

Total loans and leases held for investment

$ 4,835,656

$   30,399

$   20,666

$     51,128

$ 4,937,849

$      146,188

December 31, 2025

Current

30-59
Days

60-89
Days

90 or More
Days

Total

Guaranteed
Amount (2)

Unsecured consumer (3)

$ 3,600,434

$   24,075

$   19,685

$    18,929

$ 3,663,123

$            —

Residential mortgages

150,099

888

86

151,073

Secured consumer

257,063

3,015

596

395

261,069

Total consumer loans held for investment

4,007,596

27,090

21,169

19,410

4,075,265

Equipment finance (4)

35,973

696

3,088

39,757

Commercial real estate (5)

461,307

11,182

472,489

39,507

Commercial and industrial

133,526

1,540

1,878

20,074

157,018

108,826

Total commercial loans and leases held for

 investment

630,806

2,236

1,878

34,344

669,264

148,333

Total loans and leases held for investment

$ 4,638,402

$   29,326

$   23,047

$    53,754

$ 4,744,529

$      148,333

(1)   Beginning in the first quarter of 2026, amounts include loans and leases held for investment measured at both

       amortized cost and fair value. Prior to the first quarter of 2026, amounts included loans and leases held for

       investment at amortized cost only.

(2)   Represents loan balances guaranteed by the Small Business Association (SBA).

(3)   Excludes basis adjustment for loans previously designated in fair value hedges under the portfolio layer

       method of $0.8 million and $1.6 million as of March 31, 2026 and December 31, 2025, respectively.

(4)   Comprised of sales-type leases for equipment.

(5)   Includes $307.0 million and $286.8 million in loans originated through the SBA as of March 31, 2026 and

       December 31, 2025, respectively.

 

LENDINGCLUB CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except share and per share data)
(Unaudited)

Three Months Ended

Change (%)

March 31,
2026

December 31,
2025

March 31,
2025

Q1 2026

vs

Q4 2025

Q1 2026

vs

Q1 2025

Interest income:

Interest on loans (1)

$       199,897

$        185,814

$       166,173

8 %

20 %

Interest on securities available for sale

54,411

55,948

56,280

(3) %

(3) %

Other interest income

6,899

8,824

9,606

(22) %

(28) %

Total interest income

$       261,207

$        250,586

$       232,059

4 %

13 %

Interest expense:

Interest on deposits

84,971

87,558

82,100

(3) %

3 %

Other interest expense

2

1

2

100 %

— %

Total interest expense

84,973

87,559

82,102

(3) %

3 %

Net interest income

176,234

163,027

149,957

8 %

18 %

Non-interest income:

Origination fees (2)

130,088

109,562

69,944

19 %

86 %

Servicing fees (2)

13,113

12,845

12,748

2 %

3 %

Gain on sales of loans (2)

16,269

15,546

12,202

5 %

33 %

Net fair value adjustments (2)

(88,925)

(39,451)

(29,251)

(125) %

(204) %

Other non-interest income

5,472

4,942

2,111

11 %

159 %

Total non-interest income

76,017

103,444

67,754

(27) %

12 %

Total net revenue

252,251

266,471

217,711

(5) %

16 %

Provision for credit losses

390

47,158

58,149

(99) %

(99) %

Non-interest expense:

Compensation and benefits

65,514

60,638

58,389

8 %

12 %

Marketing

55,415

45,680

29,239

21 %

90 %

Equipment and software

15,293

14,410

14,644

6 %

4 %

Depreciation and amortization

15,819

16,641

13,909

(5) %

14 %

Professional services

11,767

11,353

9,764

4 %

21 %

Occupancy

6,391

5,457

4,345

17 %

47 %

Other non-interest expense

14,334

15,105

13,577

(5) %

6 %

Total non-interest expense

184,533

169,284

143,867

9 %

28 %

Income before income tax expense

67,328

50,029

15,695

35 %

329 %

Income tax expense

(15,725)

(8,475)

(4,024)

86 %

291 %

Net income

$        51,603

$         41,554

$        11,671

24 %

342 %

Net income per share:

Basic EPS

$           0.45

$            0.36

$           0.10

25 %

350 %

Diluted EPS

$           0.44

$            0.35

$           0.10

26 %

340 %

Weighted-average common shares – Basic

115,400,564

115,334,621

113,693,399

— %

2 %

Weighted-average common shares – Diluted   

117,333,435

118,855,315

116,176,898

(1) %

1 %

(1)  Beginning in the first quarter of 2026, we combined “Interest on loans held for sale,” “Interest and fees on loans and leases held for

      investment,” and “Interest on loans held for investment at fair value,” into a single line item called “Interest on loans.” Prior period

      amounts have been reclassified to conform to the current period presentation.

(2)  Beginning in the first quarter of 2026, these components previously aggregated under “Marketplace revenue” on the Income Statement,

      are now presented as separate line items. Prior period amounts have been reclassified to conform to the current period presentation.

 

LENDINGCLUB CORPORATION
NET INTEREST INCOME
(In thousands, except percentages or as noted)
(Unaudited)

Consolidated LendingClub Corporation (1)

Three Months Ended

March 31, 2026

Three Months Ended

December 31, 2025

Three Months Ended

March 31, 2025

Average
Balance

Interest

Income/
Expense

Average

Yield/
Rate

Average
Balance

Interest

Income/
Expense

Average

Yield/
Rate

Average
Balance

Interest

Income/
Expense

Average

Yield/
Rate

Interest-earning assets (2)

Cash, cash equivalents,

     restricted cash and other

$   775,385

$  6,899

3.56 %

$  905,427

$   8,824

3.90 %

$  893,058

$   9,606

4.30 %

Securities available for sale

     at fair value

3,737,199

54,411

5.82 %

3,695,980

55,948

6.06 %

3,397,720

56,280

6.63 %

Loans held for sale at fair

     value

1,910,017

64,531

13.51 %

1,530,624

51,006

13.33 %

723,972

21,814

12.05 %

Loans held for investment

     at fair value

807,486

25,467

12.62 %

455,168

12,292

10.80 %

921,008

25,410

11.04 %

Loans and leases held for

     investment at amortized

     cost:

Unsecured consumer

     loans

2,934,584

94,763

12.92 %

3,252,204

106,716

13.13 %

3,097,136

104,722

13.53 %

Commercial and

     secured consumer loans

1,055,569

15,136

5.74 %

1,060,201

15,800

5.96 %

1,012,060

14,227

5.62 %

Loans and leases held for

     investment at amortized

     cost

3,990,153

109,899

11.02 %

4,312,405

122,516

11.36 %

4,109,196

118,949

11.58 %

Total loans and leases held

     for investment

4,797,639

135,366

11.29 %

4,767,573

134,808

11.31 %

5,030,204

144,359

11.48 %

Total interest-earning

     assets

11,220,240

261,207

9.31 %

10,899,604

250,586

9.20 %

10,044,954

232,059

9.24 %

Cash and due from banks

     and restricted cash

26,343

32,308

30,084

Allowance for loan and

     lease losses

(262,466)

(275,187)

(239,608)

Other non-interest earning

     assets

668,486

644,221

593,740

Total assets

$ 11,652,603

$ 11,300,946

$ 10,429,170

Interest-bearing liabilities

Interest-bearing deposits (3):

Savings and money

market accounts

6,694,780

58,714

3.56 %

6,478,888

60,960

3.73 %

5,917,852

55,881

3.83 %

Certificates of deposit

2,488,015

25,174

4.10 %

2,400,374

25,377

4.19 %

2,172,242

24,866

4.64 %

Checking accounts

393,963

1,083

1.12 %

396,430

1,221

1.22 %

430,449

1,353

1.27 %

Interest-bearing deposits

9,576,758

84,971

3.60 %

9,275,692

87,558

3.75 %

8,520,543

82,100

3.91 %

Other interest-bearing

     liabilities

222

2

3.79 %

109

1

4.28 %

222

2

4.47 %

Total interest-bearing

     liabilities

9,576,980

84,973

3.60 %

9,275,801

87,559

3.75 %

8,520,765

82,102

3.91 %

Noninterest-bearing

     deposits

334,136

311,147

321,777

Other liabilities

233,776

240,642

237,155

Total liabilities

$ 10,144,892

$   9,827,590

$   9,079,697

Total equity

$   1,507,711

$   1,473,356

$   1,349,473

Total liabilities and equity

$ 11,652,603

$ 11,300,946

$ 10,429,170

Interest rate spread

5.71 %

5.45 %

5.33 %

Net interest income and

     net interest margin

$ 176,234

6.28 %

$ 163,027

5.98 %

$ 149,957

5.97 %

(1)  Consolidated presentation reflects intercompany eliminations.

(2)  Nonaccrual loans and any related income are included in their respective loan categories.

(3)  Prior period amounts have been reclassified to conform to the current period presentation.

 

LENDINGCLUB CORPORATION
CONSOLIDATED BALANCE SHEETS
(In Thousands, Except Share and Per Share Amounts)
(Unaudited)

March 31,
2026

December 31,
2025

Assets

Cash and due from banks

$          19,528

$        11,749

Interest-bearing deposits in banks

782,415

905,905

Total cash and cash equivalents

801,943

917,654

Restricted cash

19,919

12,783

Securities available for sale at fair value ($3,908,834 and $3,733,780 at amortized

     cost, respectively)

3,867,576

3,706,709

Loans held for sale at fair value

1,836,121

1,762,396

Loans held for investment at fair value

1,237,850

473,314

Loans and leases held for investment

3,700,837

4,272,812

Allowance for loan and lease losses

(237,697)

(275,743)

Loans and leases held for investment, net

3,463,140

3,997,069

Property, equipment and software, net

273,472

254,088

Goodwill

75,717

75,717

Other assets

364,101

368,086

Total assets

$     11,939,839

$   11,567,816

Liabilities and Equity

Deposits:

Interest-bearing

$       9,781,568

$    9,459,483

Noninterest-bearing

407,943

374,387

Total deposits

10,189,511

9,833,870

Other liabilities

226,800

233,518

Total liabilities

10,416,311

10,067,388

Equity

Common stock, $0.01 par value; 180,000,000 shares authorized; 115,497,890 and

     115,368,987 shares issued and outstanding, respectively

1,155

1,154

Additional paid-in capital

1,701,280

1,719,233

Accumulated deficit

(150,196)

(201,799)

Accumulated other comprehensive loss

(28,711)

(18,160)

Total equity

1,523,528

1,500,428

Total liabilities and equity

$     11,939,839

$   11,567,816

 

LENDINGCLUB CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except share and per share data)
(Unaudited)

 

Tangible Book Value Per Common Share

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

March 31,
2025

GAAP common equity

$      1,523,528

$      1,500,428

$      1,462,213

$      1,406,035

$      1,364,517

Less: Goodwill

(75,717)

(75,717)

(75,717)

(75,717)

(75,717)

Less: Customer relationship intangible

      assets

(5,039)

(5,685)

(8,206)

(7,068)

(7,778)

Tangible common equity

$      1,442,772

$      1,419,026

$      1,378,290

$      1,323,250

$      1,281,022

Book value per common share

GAAP common equity

$      1,523,528

$      1,500,428

$      1,462,213

$      1,406,035

$      1,364,517

Common shares issued and outstanding

115,497,890

115,368,987

115,301,440

114,740,147

114,199,832

Book value per common share

$             13.19

$             13.01

$             12.68

$             12.25

$             11.95

Tangible book value per common share

Tangible common equity

$      1,442,772

$      1,419,026

$      1,378,290

$      1,323,250

$      1,281,022

Common shares issued and outstanding

115,497,890

115,368,987

115,301,440

114,740,147

114,199,832

Tangible book value per common share

$             12.49

$             12.30

$             11.95

$             11.53

$             11.22

 

Return On Tangible Common Equity

For the three months ended

March 31,
2026

December 31,
2025

September 30,
2025

June 30,
2025

March 31,
2025

Average GAAP common equity

$    1,507,711

$    1,473,356

$    1,424,538

$    1,381,199

$    1,349,473

Less: Average goodwill

(75,717)

(75,717)

(75,717)

(75,717)

(75,717)

Less: Average customer relationship

     intangible assets

(5,362)

(6,031)

(6,722)

(7,423)

(8,182)

Average tangible common equity

$    1,426,632

$    1,391,608

$    1,342,099

$    1,298,059

$    1,265,574

Return on average equity

Annualized GAAP net income

$       206,412

$       166,216

$       177,096

$       152,712

$         46,684

Average GAAP common equity

$    1,507,711

$    1,473,356

$    1,424,538

$    1,381,199

$    1,349,473

Return on average equity

13.7 %

11.3 %

12.4 %

11.1 %

3.5 %

Return on tangible common equity

Annualized GAAP net income

$      206,412

$      166,216

$      177,096

$      152,712

$       46,684

Average tangible common equity

$   1,426,632

$   1,391,608

$   1,342,099

$   1,298,059

$  1,265,574

Return on tangible common equity

14.5 %

11.9 %

13.2 %

11.8 %

3.7 %

 

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SOURCE LendingClub Corporation

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Share buybacks in Ericsson during the period August 31 – September 4, 2026

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STOCKHOLM, Sept. 7, 2026 /PRNewswire/ — During the period August 31 – September 4, 2026, Telefonaktiebolaget LM Ericsson (publ) (“Ericsson”) (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows:

Date

Aggregated daily volume
(number of shares)

Weighted average share
price per day (SEK)

Total daily transaction
value (SEK)

31/08/2026

750,000

96.6863

72,514,725.00

01/09/2026

750,000

96.7699

72,577,425.00

02/09/2026

600,000

96.4085

57,845,100.00

03/09/2026

250,000

97.0684

24,267,100.00

04/09/2026

500,000

97.4412

48,720,600.00

Total

2,850,000

96.8158

275,924,950.00

The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson’s obligations under its share-related incentive programs, are cancelled.

The share buyback program is executed in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing MAR (the Safe Harbour Regulation).

All acquisitions have been carried out on Nasdaq Stockholm by Goldman Sachs Bank Europe SE on behalf of Ericsson. A full breakdown of the transactions is attached to this announcement.

Following the repurchases above, Ericsson’s holding of treasury stock amounts to 105,668,676 Class B shares. There are in total 3,371,351,735 shares in Ericsson, 261,755,983 shares of Class A and 3,109,595,752 shares of Class B.

NOTES TO EDITORS:

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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

Investors
Daniel Morris, Vice President, Head of Investor Relations
Phone: +44 7386 657217
E-mail: investor.relations@ericsson.com

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com

Media
Ralf Bagner, Head of Media Relations
Phone: +46761284789
E-mail: ralf.bagner@ericsson.com

ABOUT ERICSSON:
Ericsson’s high-performing, programmable networks provide connectivity for billions of people every day. For 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/share-buybacks-in-ericsson-during-the-period-august-31—september-4–2026,c4392384

The following files are available for download:

https://mb.cision.com/Main/15448/4392384/4253615.pdf 

Share buybacks in Ericsson during the period August 31-September 4 2026

https://mb.cision.com/Public/15448/4392384/ac465763b67252a7.xlsx 

Daily Ericsson Share Buyback Report

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Redefining the Safety Ceiling for Small EVs! AION UT Earns 2026 Euro NCAP Five-Star Rating

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BRUSSELS, Sept. 7, 2026 /PRNewswire/ — In the automotive world, Euro NCAP (European New Car Assessment Programme) is widely recognized as one of the most rigorous and prestigious crash testing standards globally. Recently, Euro NCAP officially released its latest 2026 safety evaluation results: GAC’s all-electric hatchback, the AION UT, achieved a prestigious Five-Star Safety Rating powered by its extraordinary hard-core strength.  

Compared to the assessment protocols of previous years, the new 2026 Euro NCAP standards have undergone a comprehensive overhaul with significantly heightened criteria.

As one of the first mass-produced Chinese brand models to pass the latest 2026 Euro NCAP test protocols and earn a five-star honor, the AION UT demonstrated comprehensive and balanced strength across all four key evaluation dimensions: safe driving, crash avoidance, crash protection, and post-crash safety. This impressive performance not only highlights the technical prowess of Chinese manufacturing to the world, but also redefines the safety ceiling for small pure-electric vehicles.

The key to AION UT’s exceptional performance in collision testing lies in its substantial engineering investment in structural architecture, which includes 71% High-Strength Steel Body, One-Piece Hot-stamped Dual-Ring Design, 180mm Extra-Wide Crash Box & High-Strength Bumper Beam, and Extreme Load-Bearing Capacity. In terms of occupant protection, the AION UT offers ultimate safety configurations that go far beyond its class, such as 2.1-Meter V-Side Air Curtains and Far-Side Airbag Protection. Beyond its physical steel architecture, the AION UT is further empowered by all-weather intelligent driving technology, featuring Full-Scenario Active Safety Algorithms, Precision Handling Chassis & Wide Tires, Ultra-Safe Magazine Battery Technology as well as CPD, DMS, and OMS Cabin Monitoring.

Earning the Euro NCAP Five-Star Safety Certification represents the ultimate endorsement from an authoritative international body for the AION UT’s uncompromised safety engineering. GAC remains dedicated to prioritizing user safety, safeguarding every journey with world-leading quality and all-around protection! 

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social media.

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SOURCE GAC

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YPF Sociedad Anónima Announces Commencement of Tender Offers for up to U.S.$500,000,000 Maximum Purchase Price of Outstanding Securities of the Series Listed Below, subject to the Priorities Set Forth Herein

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BUENOS AIRES, Argentina, Sept. 7, 2026 /PRNewswire/ — YPF Sociedad Anónima (“YPF”) today announced that it has commenced cash tender offers (each a “Tender Offer” and, collectively, the “Tender Offers”) to purchase outstanding securities listed in the table below (the “Securities”) not to exceed U.S.$500,000,000 in the aggregate, excluding any Accrued Interest (the “Maximum Purchase Price”).  

Title of Security

CUSIP and ISIN Numbers

Principal Amount Outstanding

Acceptance Priority Level

Consideration(a)

6.950% Senior Notes due 2027

CUSIP:  984245 AQ3

          P989MJ BL4

ISIN:    US984245AQ34

          USP989MJBL47

U.S.$643,428,000

1

U.S.$1,017.50

2.500%/9.000% Step Up Amortizing Notes due 2029

CUSIP:  P989MJ BS9

          984245 AV2

ISIN:    USP989MJBS99

          US984245AV29

U.S.$640,999,934 (b)

2

U.S.$1,042.00

_______________

Per U.S.$1,000 principal amount.Outstanding principal amount as of the date of this press release corresponds to the application of the amortization factor of 0.85714 multiplied by the original principal amount of the 2029 Securities (as defined below) shown in the records of the DTC (as defined below). The original principal amount of the 2029 Securities before the application of the amortization factor is U.S.$747,833,257.

The Tender Offers are subject to the terms and conditions set forth in YPF’s Offer to Purchase dated the date hereof (the “Offer to Purchase”), including the concurrent or earlier consummation of a new notes offering that provides YPF with sufficient funds to meet the obligations of YPF in connection with the Tender Offer. The Tender Offers are also subject to the Acceptance Priority Procedures and proration as described in the Offer to Purchase. Under the Acceptance Priority Procedures, Securities will be accepted for purchase according to the Acceptance Priority Level set forth in the table above, beginning with the lowest numerical value first. When considering any potential allocation of new notes in the new notes offering, YPF intends, but is not obligated, to give some degree of preference to those investors who, prior to such allocation, have validly tendered, or have indicated to YPF or the Dealer Managers (as defined below) their firm intention to tender, Securities in the Tender Offers. The Offer to Purchase more fully sets forth the terms of the Tender Offers. The Tender Offers are scheduled to expire at 5:00 p.m., New York City time (6:00 p.m. Buenos Aires time), on Wednesday, September 16, 2026 unless extended or earlier terminated (such date and time, as it may be extended with respect to the Tender Offer, the “Expiration Date”). Holders of Securities (“Holders”) may participate in the Tender Offers by validly tendering and not validly withdrawing their Securities by the Expiration Date.

Securities validly tendered pursuant to the Tender Offers may be withdrawn at any time at or prior to 5:00 p.m., New York City time (6:00 p.m. Buenos Aires time), on Wednesday, September 16, 2026 (such date and time, as it may be extended with respect to the Tender Offers, the “Withdrawal Deadline”), but not thereafter. The Withdrawal Deadline for the Tender Offers is the same as the Expiration Date.

It is expected that the Settlement Date for the Tender Offer will be on or around Friday, September 18, 2026, the second business day after the Expiration Date, but which may change without notice (the “Settlement Date”).  Payment for the Securities that are validly tendered and accepted for purchase pursuant to the Tender Offers will be made on the Settlement Date.  YPF will not be responsible for any delays in the transmission of funds to Holders attributable to the clearing systems and under no circumstances will any interest be payable because of any such delay.

Subject to the terms and conditions described in the Offer to Purchase, Holders who validly tender their Securities at or prior to the Expiration Date will receive the applicable Consideration specified in the table above payable for such tendered Securities that are accepted for purchase by YPF. In addition, YPF will pay accrued and unpaid interest on the Securities up to, but not including, the Settlement Date (“Accrued Interest”). Payment of the Consideration and Accrued Interest will be made on the Settlement Date.

YPF reserves the absolute right to amend, extend, terminate or withdraw any or all of the Tender Offers in its sole discretion, subject to disclosure and as otherwise required by applicable law. Any (i) increase or decrease in the percentage of Securities sought in a Tender Offer, other than the acceptance for purchase of an additional amount of Securities not to exceed two percent of the applicable series of Securities, or (ii) change in the Consideration offered, will be communicated by public announcement that is widely disseminated no later than 9:00 a.m., New York City time (10:00 a.m. Buenos Aires time), on the third business day before the Expiration Date.  Any other material change in the terms of a Tender Offer will be communicated by public announcement that is widely disseminated no later than 9:00 a.m., New York City time (10:00 a.m. Buenos Aires time), on the second business day before the Expiration Date. In the event of termination or withdrawal of a Tender Offer, Securities tendered and not accepted for purchase pursuant to such Tender Offer will be promptly returned to the tendering holders.

The complete terms and conditions of the Tender Offers are described in the Offer to Purchase, copies of which may be obtained from Sodali & Co, the information and tender agent for the Tender Offers (the “Information and Tender Agent”), at the Tender Offer Website: https://projects.sodali.com/YPF, by email at YPF@investor.sodali.com, by telephone in Stamford at +1 203 658 9457, or in writing at 333 Ludlow Street, South Tower, 5th Floor, Stamford, CT 06902, United States.

YPF has engaged BBVA Securities Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC and Santander US Capital Markets LLC to act as the dealer managers (the “Dealer Managers”) and Banco Santander Argentina S.A., Banco de Galicia y Buenos Aires S.A., Balanz Capital Valores S.A.U., Cucchiara y Cía. S.A., Banco CMF S.A., Macro Securities S.A.U. and Latin Securities S.A.U. as local dealer managers (the “Local Dealer Managers”) in connection with the Tender Offers. Questions regarding the terms of the Tender Offers may be directed to BBVA Securities Inc. by telephone at +1 (800) 422-8692 (U.S. toll free) or +1 (212) 728-2446 (collect), Itau BBA USA Securities, Inc. by telephone at +1 (888) 770-4828 (U.S. toll free) or +1 (212) 710-6749 (collect), J.P. Morgan Securities LLC by telephone at +1 (866) 846-2874 (U.S. toll free) or +1 (212) 834-7279 (collect) and Santander US Capital Markets LLC by telephone at +1 (855) 404-3636 (U.S. toll free) or +1 (212) 940-1442 (collect).

None of YPF, the Dealer Managers, the Local Dealer Managers, the Information and Tender Agent or the trustee for the Securities, or any of their respective affiliates, is making any recommendation as to whether Holders should or should not tender any Securities in response to the Tender Offers or expressing any opinion as to whether the terms of the Tender Offers are fair to any holder. Holders must make their own decision as to whether to tender any of their Securities and, if so, the principal amount of Securities to tender. Please refer to the Offer to Purchase for a description of the offer terms, conditions, disclaimers and other information applicable to the Tender Offers.

This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell the Securities. The Tender Offers are being made solely by means of the Offer to Purchase. The Tender Offers are not being made to holders of Securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In those jurisdictions where the securities, blue sky or other laws require any tender offer to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of YPF by the Dealer Managers or one or more registered brokers or dealers licensed under the laws of such jurisdiction.

Disclaimer

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the United States Securities Exchange Act of 1934, as amended, including those related to the tender for Securities and whether or not YPF will consummate the Tender Offers. Forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements. These risks and uncertainties include, but are not limited to, general economic, political and business conditions in Argentina and South America, existing and future governmental regulations, fluctuations in the price of petroleum and petroleum products, supply and demand levels, currency fluctuations, exploration, drilling and production results, changes in reserves estimates, success in partnering with third parties, loss of market share, industry competition, environmental risks, physical risks, the risks of doing business in developing countries, legislative, tax, legal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, wars and acts of terrorism, natural disasters, project delays or advancements and lack of approvals. Additional information concerning potential factors that could affect YPF’s financial results is included in the filings made by YPF and its affiliates before the Comisión Nacional de Valores in Argentina and with the U.S. Securities and Exchange Commission, in particular, in YPF’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025 and its current reports filed with the U.S. Securities and Exchange Commission. In light of the foregoing, the forward-looking statements included in this document may not occur. Except as required by law, YPF does not undertake to publicly update or revise these forward-looking statements even if experience or future changes make it clear that the projected performance, conditions or events expressed or implied therein will not be realized.

Sodali & Co – ypf@investor.sodali.com 

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SOURCE YPF Sociedad Anónima

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