XML 145 R131.htm IDEA: XBRL DOCUMENT v3.24.0.1
Segment Reporting - Statements of Operations (Details) - USD ($)
$ in Thousands
11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]        
Marketplace revenue   $ 291,484 $ 683,626 $ 578,580
Other non-interest income   11,297 28,765 27,219
Total non-interest income   302,781 712,391 605,799
Interest income   832,630 557,340 292,832
Interest expense   (270,792) (82,515) (80,001)
Net interest income   561,838 474,825 212,831
Total net revenue   864,619 1,187,216 818,630
(Provision for) reversal of credit losses   (243,565) (267,326) (138,800)
Non-interest expense   (566,437) (766,853) (661,386)
Income before income tax benefit (expense)   54,617 153,037 18,444
Income tax benefit (expense)   (15,678) 136,648 136
Net income [1]   38,939 289,685 18,580
Capital expenditures   59,509 69,481 34,413
Depreciation and amortization   47,195 43,831 44,285
Operating Segments | LendingClub Bank        
Segment Reporting Information [Line Items]        
Marketplace revenue $ 462,821 206,381 610,536  
Other non-interest income 94,953 74,684 85,208  
Total non-interest income 557,774 281,065 695,744  
Interest income 210,739 818,206 526,471  
Interest expense (8,412) (266,218) (60,954)  
Net interest income 202,327 551,988 465,517  
Total net revenue 760,101 833,053 1,161,261  
(Provision for) reversal of credit losses (142,182) (243,565) (267,326)  
Non-interest expense (547,799) (537,026) (724,304)  
Income before income tax benefit (expense) 70,120 52,462 169,631  
Income tax benefit (expense) 9,171 (17,881) (42,354)  
Net income 79,291 34,581 127,277  
Capital expenditures 32,602 59,509 69,481  
Depreciation and amortization 4,569 30,216 16,489  
Operating Segments | LendingClub Corporation (Parent only)        
Segment Reporting Information [Line Items]        
Marketplace revenue   41,817 48,231 115,759
Other non-interest income   9,503 15,628 16,718
Total non-interest income   51,320 63,859 132,477
Interest income   14,424 30,869 82,093
Interest expense   (4,574) (21,561) (71,589)
Net interest income   9,850 9,308 10,504
Total net revenue   61,170 73,167 142,981
(Provision for) reversal of credit losses   0 0 3,382
Non-interest expense   (59,015) (89,761) (198,039)
Income before income tax benefit (expense)   2,155 (16,594) (51,676)
Income tax benefit (expense)   2,203 125,954 44,013
Net income   4,358 109,360 (7,663)
Capital expenditures   0 0 1,811
Depreciation and amortization   16,979 27,342 $ 39,716
Intersegment Eliminations        
Segment Reporting Information [Line Items]        
Marketplace revenue 0 43,286 24,859  
Other non-interest income (84,452) (72,890) (72,071)  
Total non-interest income (84,452) (29,604) (47,212)  
Interest income 0 0 0  
Interest expense 0 0 0  
Net interest income 0 0 0  
Total net revenue (84,452) (29,604) (47,212)  
(Provision for) reversal of credit losses 0 0 0  
Non-interest expense 84,452 29,604 47,212  
Income before income tax benefit (expense) 0 0 0  
Income tax benefit (expense) (53,048) 0 53,048  
Net income (53,048) 0 53,048  
Capital expenditures 0 0 0  
Depreciation and amortization $ 0 $ 0 $ 0  
[1] See “Notes to Consolidated Financial Statements – Note 4. Earnings Per Share” for additional information.