LendingClub (LC)
Digital marketplace bank connecting personal loan borrowers to deposit-funded and institution-backed credit.
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LendingClub operates a digital marketplace bank that funds personal loans through FDIC-insured deposits and institutional whole-loan sales. The bank subsidiary — acquired in 2021 when LendingClub became the first U.S. fintech to buy a federally chartered bank — is rebranding to Happen Bank in summer 2026.
LendingClub Corporation operates as a digital marketplace bank headquartered in San Francisco, offering unsecured personal loans to consumers through a hybrid funding model: loans are held on the bank's own balance sheet, funded by FDIC-insured deposits, or sold whole to institutional buyers. The bank subsidiary — LendingClub Bank, N.A., currently rebranding to Happen Bank — was acquired in 2021 when LendingClub purchased Radius Bancorp, becoming the first U.S. fintech to acquire a federally chartered bank.
The company originated as a peer-to-peer lending marketplace in 2007, shut down its retail Notes platform in 2020 as the bank model superseded it, and exited an OCC operating agreement in 2024 as a regulatory milestone. The business targets high-FICO, higher-income consumers it calls the Motivated Middle. Revenue derives from net interest income on held loans and from loan sale premiums and servicing fees on the marketplace channel. The corporate parent, LendingClub Corporation, trades on the NYSE under ticker LC.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.06B · Total debt $0 · Total assets $12.55B · Shareholders' equity $1.57B
- Revenue
- $268.9M
- Operating income
- $121.2M
- Net income
- $58.1M
No dividends on record.
| Institutions | ≥ 91.61% | 105.73M shares | |
|---|---|---|---|
| 259 holders · as of Jun 30, 2026 | |||
| Other | ≤ 8.39% | 9.68M shares | |
| remainder | |||
115.41M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Institutional filings for HAPN (100% of the company) are not on file here, so the institutional figure is a floor.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Wellington Management Group LLPInstitution | 13.24% | 15.28M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 8.72% | 10.06M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.15% | 8.25M | as of Jun 30, 2026 |
Jackson Square Partners, LLCInstitution | 6.57% | 7.58M | filed Feb 11, 2022 |
ARK Investment Management LLCInstitution | 6.46% | 7.46M | filed Feb 16, 2021 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LendingClub | $19.21 | +2.13% | $2.22B | 11.6 | 9.8 | 1.8 | −15.9% |
| SoFi | $16.84 | −1.86% | $22.01B | 35.7 | 23.0 | 3.9 | +41.0% |
| Upstart | $24.90 | −4.12% | $2.49B | 50.8 | 17.6 | 1.9 | +41.8% |
| OneMain | $57.75 | −2.25% | $6.83B | 8.9 | 7.3 | 1.1 | −15.5% |
| Capital One | $198.41 | −1.07% | $123.03B | 12.4 | 9.1 | 1.6 | +26.0% |
| Ally Financial | $38.82 | −0.64% | $11.89B | 9.2 | 6.5 | 0.8 | −0.3% |
| Affirm | $68.93 | −3.96% | $24.04B | 13.0 | 36.1 | 5.7 | +33.0% |
| Median | 12.7 | 13.4 | 1.7 | +29.5% |