LendingClub (LC) Drops 16% on Accounting Shift [Yahoo! Finance]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
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Source: Yahoo! Finance
LendingClub extended its losing streak to a third consecutive day on Thursday, slashing 16 percent to finish at $16.44 apiece as investors digested the company's shift to fair value option accounting, overshadowing announcements of strong earnings performance. According to the company, it would start to transition to fair value accounting, which removes the upfront provision for credit losses under the previous standard, in a bid to improve the alignment of revenue and credit costs, and support higher returns on capital. Photo by Karolina Grabowska on Pexels LendingClub Corp. (NYSE:LC) Chief Finance Officer Drew LaBenne said that the shift would create “a consistent accounting framework” across the company's marketplace and bank businesses. In other news, LendingClub Corp. (NYSE:LC) finished 2025 on a strong note, with net income soaring by 164 percent to $135.7 million from $51.3 million in 2024. In the fourth quarter alone, net profit surged by 329 percent to $41.6 millio
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News
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LC
Earnings
- 1/28/26 - Beat
LC
Sec Filings
- 1/28/26 - Form 8-K
- 1/27/26 - Form 8-K
- 1/21/26 - Form 4
- LC's page on the SEC website