LendingClub (LC) 10-K 13 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2024	Jan. 31, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-36771
Entity Registrant Name	LendingClub Corporation
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0605731
Entity Address, Address Line One	595 Market Street, Suite 200,
Entity Address, City or Town	San Francisco,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	930-7440
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	LC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 824,231,718
Entity Common Stock, Shares Outstanding (shares)		113,383,917
Documents Incorporated by Reference	Portions of the registrant’s Definitive Proxy Statement for the Registrant’s 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent stated herein. Such Definitive Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended December 31, 2024.
Entity Central Index Key	0001409970
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	San Francisco, California
Auditor Firm ID	34

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks		$ 15,524	$ 14,993
Interest-bearing deposits in banks		938,534	1,237,511
Total cash and cash equivalents		954,058	1,252,504
Restricted cash	[1]	23,338	41,644
Securities available for sale at fair value ($3,492,264 and $1,663,990 at amortized cost, respectively)		3,452,648	1,620,262
Loans held for sale at fair value		636,352	407,773
Loans and leases held for investment		4,125,818	4,850,302
Allowance for loan and lease losses		(236,734)	(310,387)
Loans and leases held for investment, net		3,889,084	4,539,915
Loans held for investment at fair value	[1],[2]	1,027,798	272,678
Property, equipment and software, net		167,532	161,517
Goodwill		75,717	75,717
Other assets	[1]	403,982	455,453
Total assets		10,630,509	8,827,463
Deposits:
Interest-bearing		8,676,119	7,001,680
Noninterest-bearing		392,118	331,806
Total deposits		9,068,237	7,333,486
Borrowings	[1],[2]	0	19,354
Other liabilities	[1]	220,541	222,801
Total liabilities		9,288,778	7,575,641
Equity
Common stock, $0.01 par value; 180,000,000 shares authorized; 113,383,917 and 110,410,602 shares issued and outstanding, respectively		1,134	1,104
Additional paid-in capital		1,702,316	1,669,828
Accumulated deficit		(337,476)	(388,806)
Accumulated other comprehensive loss		(24,243)	(30,304)
Total equity		1,341,731	1,251,822
Total liabilities and equity		$ 10,630,509	$ 8,827,463
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.” (2) Prior period amounts have been reclassified to conform to the current period presentation.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities available for sale, amortized cost	$ 3,492,264	$ 1,663,990
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (shares)	180,000,000	180,000,000
Common stock, shares issued (shares)	113,383,917	110,410,602
Common stock, shares outstanding (in shares)	113,383,917	110,410,602

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-interest income:
Marketplace revenue		$ 242,791	$ 291,484	$ 683,626
Other non-interest income		10,179	11,297	28,765
Total non-interest income		252,970	302,781	712,391
Interest income:
Interest on loans held for sale		92,442	35,655	26,183
Interest and fees on loans and leases held for investment		494,214	616,735	465,450
Interest on loans held for investment at fair value	[1]	77,034	74,088	31,012
Interest on securities available for sale		187,961	40,235	16,116
Other interest income		56,307	65,917	18,579
Total interest income		907,958	832,630	557,340
Interest expense:
Interest on deposits		369,219	265,556	60,451
Other interest expense	[1]	4,698	5,236	22,064
Total interest expense		373,917	270,792	82,515
Net interest income		534,041	561,838	474,825
Total net revenue		787,011	864,619	1,187,216
Provision for credit losses		178,267	243,565	267,326
Non-interest expense:
Compensation and benefits		232,158	261,948	339,397
Marketing		100,402	93,840	197,747
Equipment and software		51,194	53,485	49,198
Depreciation and amortization		58,834	47,195	43,831
Professional services		32,045	35,173	50,516
Occupancy		15,798	17,532	21,977
Other non-interest expense		53,247	57,264	64,187
Total non-interest expense		543,678	566,437	766,853
Income before income tax (expense) benefit		65,066	54,617	153,037
Income tax (expense) benefit		(13,736)	(15,678)	136,648
Net income		$ 51,330	$ 38,939	$ 289,685
Earnings per share:
Basic EPS – common stockholders (in dollars per share)	[2]	$ 0.46	$ 0.36	$ 2.80
Diluted EPS – common stockholders (in dollars per share)	[2]	$ 0.45	$ 0.36	$ 2.79
Weighted-average common shares – basic (in shares)	[2]	111,731,523	108,466,179	103,547,305
Weighted-average common shares – diluted (in shares)	[2]	113,122,859	108,468,857	104,001,288
[1] (1) Prior period amounts have been reclassified to conform to the current period presentation. (2) See “ Notes to Consolidated Financial Statements – Note 3. Earnings Per Share ” for additional information.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 51,330	$ 38,939	$ 289,685
Other comprehensive income (loss):
Change in net unrealized gain (loss) on securities available for sale	9,836	10,238	(61,326)
Other comprehensive income (loss), before tax	9,836	10,238	(61,326)
Income tax effect	(3,775)	(2,926)	16,664
Other comprehensive income (loss), net of tax	6,061	7,312	(44,662)
Total comprehensive income	$ 57,391	$ 46,251	$ 245,023

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-in Capital	Treasury Stock		Accumulated Other Comprehensive Loss	Accumulated Deficit
Common stock, beginning balance (in shares) at Dec. 31, 2021			101,043,924
Beginning balance at Dec. 31, 2021		$ 850,242	$ 1,010	$ 1,559,616	$ 0	[1]	$ 7,046	$ (717,430)
Treasury stock, beginning balance (in shares) at Dec. 31, 2021	[1]				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		73,717		73,717
Net issuances under equity incentive plans (in shares)			5,503,071		7,751	[1]
Net issuances under equity incentive plans		(4,688)	$ 55	(4,645)	$ (98)	[1]
Retirement of treasury stock (in shares)	[1]				(7,751)
Retirement of treasury stock		0		(98)	$ 98	[1]
Net unrealized (loss) gain on securities available for sale, net of tax		(44,662)					(44,662)
Net income(1)		289,685						289,685
Common stock, ending balance (in shares) at Dec. 31, 2022			106,546,995
Ending balance at Dec. 31, 2022		1,164,294	$ 1,065	1,628,590	$ 0	[1]	(37,616)	(427,745)
Treasury stock, ending balance (in shares) at Dec. 31, 2022	[1]				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		61,619		61,619
Net issuances under equity incentive plans (in shares)			3,863,607		0	[1]
Net issuances under equity incentive plans		(20,342)	$ 39	(20,381)	$ 0	[1]
Net unrealized (loss) gain on securities available for sale, net of tax		7,312					7,312
Net income(1)		$ 38,939						38,939
Common stock, ending balance (in shares) at Dec. 31, 2023		110,410,602	110,410,602
Ending balance at Dec. 31, 2023		$ 1,251,822	$ 1,104	1,669,828	$ 0	[1]	(30,304)	(388,806)
Treasury stock, ending balance (in shares) at Dec. 31, 2023	[1]				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		$ 47,117		47,117
Net issuances under equity incentive plans (in shares)		4,576	2,973,315		0	[1]
Net issuances under equity incentive plans		$ (14,599)	$ 30	(14,629)	$ 0	[1]
Net unrealized (loss) gain on securities available for sale, net of tax		6,061					6,061
Net income(1)		$ 51,330						51,330
Common stock, ending balance (in shares) at Dec. 31, 2024		113,383,917	113,383,917
Ending balance at Dec. 31, 2024		$ 1,341,731	$ 1,134	$ 1,702,316	$ 0	[1]	$ (24,243)	$ (337,476)
Treasury stock, ending balance (in shares) at Dec. 31, 2024	[1]				0
[1]Includes shares that were transferred to the Company to satisfy payment of all or a portion of the exercise price in connection with the exercise of stock options.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income		$ 51,330	$ 38,939	$ 289,685
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Net fair value adjustments		154,659	134,114	(8,503)
Change in fair value of loan servicing assets		75,359	62,581	73,229
Gain on sales of loans		(49,097)	(47,839)	(95,335)
Provision for credit losses		178,267	243,565	267,326
Accretion of loan deferred fees and costs		(68,535)	(90,723)	(86,138)
Stock-based compensation, net		40,069	52,389	66,362
Depreciation and amortization		58,834	47,195	43,831
Income tax benefit from release of tax valuation allowance		0	0	(143,495)
Other, net		10,754	(8,932)	(1,828)
Net change to loans held for sale		(3,101,778)	(1,535,037)	8,032
Net change in operating assets and liabilities:
Other assets		22,422	54,894	(16,762)
Other liabilities		(6,458)	(87,746)	(20,836)
Net cash (used for) provided by operating activities		(2,634,174)	(1,136,600)	375,568
Cash flows from investing activities:
Net change in loans and leases	[1]	(223,857)	544,821	(2,599,440)
Purchases of securities available for sale		(49,786)	(61,648)	(222,534)
Proceeds from sales, maturities and paydowns of securities available for sale		938,409	97,709	86,078
Purchases of property, equipment and software, net		(54,302)	(59,509)	(69,481)
Other investing activities		(2,651)	(4,676)	(4,423)
Net cash provided by (used for) investing activities		607,813	516,697	(2,809,800)
Cash flows from financing activities:
Net change in deposits		1,742,479	921,393	3,256,501
Principal payments on borrowings	[1]	(19,202)	(111,993)	(452,343)
Other financing activities		(13,668)	(19,833)	(9,028)
Net cash provided by financing activities		1,709,609	789,567	2,795,130
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash		(316,752)	169,664	360,898
Cash, cash equivalents and restricted cash, beginning of period		1,294,148	1,124,484	763,586
Cash, cash equivalents and restricted cash, end of period		977,396	1,294,148	1,124,484
Supplemental cash flow information:
Cash paid for interest		378,276	258,626	79,732
Cash paid for taxes		275	6,631	14,462
Cash paid for operating leases included in the measurement of lease liabilities		12,869	12,797	15,540
Supplemental non-cash investing activity:
Net securities retained from Structured Program transactions		2,711,693	1,299,313	0
Supplemental non-cash financing activity:
Derecognition of payable to securitization note and residual certificate holders held in consolidated VIE		$ 880	$ 0	$ 36,072
[1] (1) Prior period amounts have been reclassified to conform to the current period presentation.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Cash Flows [Abstract]
Cash and cash equivalents		$ 954,058	$ 1,252,504
Restricted cash	[1]	23,338	41,644
Total cash, cash equivalents and restricted cash		$ 977,396	$ 1,294,148	$ 1,124,484	$ 763,586
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.”

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation LendingClub Corporation (LendingClub) was founded in 2006 and operates a leading, nationally chartered, digital marketplace bank that leverages data and technology to increase access to credit, lower borrowing costs, and improve returns on savings. LendingClub is registered as a bank holding company and operates the vast majority of its business through its wholly-owned subsidiary, LendingClub Bank, National Association (LC Bank). All intercompany balances and transactions have been eliminated in consolidation. These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) and, in the opinion of management, contain all adjustments, including normal recurring adjustments, necessary for the fair statement of the results and financial position for the periods presented. These accounting principles require management to make certain estimates and assumptions that affect the amounts in the accompanying financial statements. These estimates and assumptions are inherently subjective in nature and actual results may differ from these estimates and assumptions, and the differences could be material. The Company made the following presentation changes in the consolidated financial statements and accompanying notes during the year ended December 31, 2024: • Consolidated Balance Sheets (Balance Sheet) – “Retail and certificate loans held for investment at fair value” was combined within “Loans held for investment at fair value” and “Retail notes and certificates at fair value” was combined within “Borrowings”; • Consolidated Statements of Income (Income Statement) – “Interest on retail and certificate loans held for investment at fair value” was combined within “Interest on loans held for investment at fair value” and “Interest on retail notes and certificates at fair value” was combined within “Other interest expense”; and • Consolidated Statements of Cash Flows (Statement of Cash Flows) – “Net decrease in retail and certificate loans” was combined within “Net change in loans and leases” and “Principal payments on retail notes and certificates” was combined within “Principal payments on borrowings.” In all instances, the respective prior period amounts have been reclassified to conform to the current period presentation. Significant Accounting Policies Cash and Cash Equivalents Cash and cash equivalents have original maturities of three months or less and include cash on hand, cash items in transit, and amounts due from or held with other depository institutions, primarily with the Board of Governors of the Federal Reserve System (FRB). Restricted Cash Cash items held with other depository institutions in which the ability to withdraw funds is restricted by contractual provisions is classified as restricted cash. Such amounts primarily include cash received from borrowers on loans owned and not yet distributed to investors. Securities Debt securities purchased and asset-backed securities retained from the sale of loans are classified as available for sale (AFS) securities. AFS securities represent investment securities with readily determinable fair values that the Company: (i) does not hold for trading purposes and (ii) does not have the positive intent and ability to hold to maturity. AFS securities are measured at fair value, with unrealized gains and losses reported in “Accumulated other comprehensive income (loss)” within the equity section of the Balance Sheet, net of any applicable income taxes. Management evaluates whether debt AFS securities with unrealized losses are impaired on a quarterly basis. For any security that has declined in fair value below its amortized cost basis, the Company recognizes an impairment loss in current period earnings if management has the intent to sell the security or if it is more likely than not it will be required to sell the security before recovery of its amortized cost basis. The assessment of impairment also considers whether the decline in fair value below the security’s amortized cost basis is attributable to credit-related factors. If credit-related factors exist, credit-related impairment has occurred regardless of the Company’s intent to hold the security until it recovers. The credit-related portion of impairment is recognized as provision for credit loss expense in earnings with a corresponding valuation allowance for AFS securities on the Balance Sheet, to the extent the allowance does not reduce the value of the security below its fair value. Equity securities that do not have readily determinable fair values are generally recorded at cost adjusted for impairment, if any. These securities include FRB stock and Federal Home Loan Bank (FHLB) stock and are reported as “Nonmarketable equity investments” in “Other assets” on the Balance Sheet. Loans and Leases The Company initially classifies loans and leases as either held for sale (HFS) or held for investment (HFI) based on management’s assessment of its intent and ability to hold the loans and leases for the foreseeable future or until maturity. Management’s intent and ability with respect to certain loans and leases may change from time to time and, therefore, loans and leases that are initially designated as HFS or HFI may be reclassified. In order to reclassify loans to HFS, management must have the intent to sell the loans and the ability to reasonably identify the specific loans to be sold. HFI loans and leases at amortized cost HFI loans, with the exception of HFI loans accounted for under the fair value option, are measured at historical cost and reported at their outstanding principal balances net of any charge-offs, unamortized deferred fees and costs on originated loans, and for purchased loans, net of any unamortized premiums and discounts. Leases are recorded at the discounted amounts of lease payments receivable plus the estimated residual value of the leased asset, net of unearned income and unamortized deferred fees and costs. Lease payments receivable reflect contractual lease payments adjusted for renewal or termination options that the Company believes the customer is reasonably certain to exercise. Unearned income, deferred fees and costs, and discounts and premiums are accreted and amortized to interest income over the contractual life of the loan using its effective interest rate. In certain circumstances, the Company may reclassify loans and/or leases from HFI to HFS, at which time these are valued at the lower of amortized cost or fair value. HFI loans at fair value HFI loans are measured at fair value if the Company elects the fair value option. The Company may elect the fair value option for certain HFI loans, which could include loans purchased by the Company. Interest income is recorded under the effective interest method which considers any purchase premium or discounts. In addition, purchase related discounts absorb credit losses. HFS loans at fair value Loans initially classified as HFS are reported at their fair value with the Company’s election of the fair value option. Origination fees and costs for HFS loans are recognized in earnings at the time of loan origination and are not deferred. Origination fees are recognized in earnings within “Marketplace revenue” on the Income Statement. Changes in the fair value are recorded in “Net fair value adjustments” included in “ Marketplace revenue Accrued Interest Income and Non-Accrual Policy Interest income is accrued as earned. The accrual of interest income is discontinued, and the loan or lease is placed on nonaccrual status at 90 days past due or when reasonable doubt exists as to timely collection. Past due status is based on the contractual terms of the loan or lease. When a loan or lease is placed on nonaccrual status, all income previously accrued but not collected is reversed against the current period’s interest income. The Company has a nonaccrual policy which results in the timely reversal of past-due accrued interest, and it does not record an allowance for credit losses (ACL) on accrued interest receivable. However, we record an ACL on accrued interest receivable for past due unsecured personal loans that are less than 90 days past due. Interest collections on nonaccrual loans and leases for which the ultimate collectability of principal is uncertain are applied as principal reductions; otherwise, such collections are credited to income when received. Nonaccrual loans and leases are returned to accrual status when there no longer exists concern over collectability, the borrower has demonstrated, over time, both the intent and ability to repay and the loan or lease has been brought current and future payments are reasonably assured. For loans held for investment measured at fair value, we record interest income over the term of the underlying loans using the effective interest method which considers any purchase discount or premiums. Allowance for Credit Losses The ACL represents management’s estimate of expected credit losses in the loan and lease portfolio, excluding loans accounted for under the fair value option. The ACL is measured based on a lifetime expected loss model, which does not require a loss event to occur before a credit loss is recognized. Under the lifetime expected credit loss model, the Company estimates the allowance based on relevant available information related to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. The ACL is estimated using a discounted cash flow (DCF) approach where effective interest rates are used to calculate the net present value of expected cash flows. The effective interest rate is calculated based on the periodic interest income received from the loan’s contractual cash flows and the net investment in the loan, which includes deferred origination fees and costs, to provide a constant rate of return over the contractual loan term. The Company evaluates its estimate of expected credit losses each reporting period and records any additions or reductions to the allowance on the Income Statement as “Provision for credit losses.” Amounts determined to be uncollectible are charged-off to the allowance. Estimates of expected credit losses include expected recoveries of amounts previously charged-off and amounts expected to be charged-off. If amounts previously charged off are subsequently expected to be collected, the Company may recognize a negative allowance, which is limited to the amount that was previously charged off. Under applicable accounting guidance, for reporting purposes, the loan and lease portfolio is categorized by portfolio segment. A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine the ACL. The Company’s two portfolio segments are consumer and commercial. The Company further disaggregates its portfolio segments into various classes of financing receivables based on their underlying risk characteristics. The classes within the consumer portfolio segment are unsecured consumer, secured consumer and residential mortgages. The classes within the commercial portfolio segment are commercial and industrial, commercial real estate, and equipment finance. The ACL is measured on a collective basis when loans share similar risk characteristics. Relevant risk characteristics for the consumer portfolio include product type, risk rating, loan term, and monthly vintage. Relevant risk characteristics for the commercial portfolio include product type and risk rating status. Loans measured on a collective basis generally have an ACL comprised of a quantitative, or modeled, component that is supplemented by a framework of qualitative factors, as discussed below. The Company will continue to monitor its loan pools on an ongoing basis and adjust accordingly as the risk characteristics of the financial assets may change over time. If a given financial asset does not share similar risk characteristics with other financial assets, the Company shall measure expected credit losses on an individual, rather than on a collective basis. Loans evaluated on an individual basis generally have an ACL that is measured in reference to any collateral securing the loan and/or expected cash flows which are specific to the borrower. Allowance Calculation Methodology The Company generally estimates expected credit losses over the contractual term of its loans. The contractual term is adjusted for estimated prepayments when appropriate. The quantitative, or modeled, component of the ACL is primarily based on statistical models that use known or estimated data as of the balance sheet date and forecasted data over the reasonable and supportable period. Known and estimated data include current probability and timing of default, loss rate and recovery exposure at default, timing and amount of estimated prepayments, timing and amount of expected draws (for unfunded lending commitments), and relevant risk characteristics. Certain of the Company’s commercial portfolios have limited internal historical loss data and use external credit loss information, including historical charge-off and balance data for peer banking institutions. The Company obtains historical and forecast macroeconomic information to inform its view of the long-term condition of the economy. Forward-looking macroeconomic factors considered in the Company’s consumer model include, unemployment rate, unemployment insurance claims, gross domestic product (GDP), housing prices, and retail sales. Forward-looking macroeconomic factors are incorporated into the Company’s commercial model for a two-year reasonable and supportable economic forecast period followed by a one-year reversion period during which expected credit losses are expected to revert back on a straight-line basis to historical losses unadjusted for economic conditions. The reasonable and supportable economic forecast period and reversion methodology are accounting estimates which may change in future periods as a result of changes to the current macroeconomic environment. The quantitative, or modeled, portion of ACL is estimated using a DCF approach. The Company’s statistical models, applied at the portfolio level to pools of loans with similar risk characteristics, produce expected cash flows, which are then discounted at the effective interest rate to derive net present value. The effective interest rate is calculated based on the periodic interest income received from the loan’s contractual cash flows and the net investment in the loan, which includes deferred origination fees and costs, to provide a constant rate of return over the contractual loan term. This net present value is then compared to the amortized cost basis to derive the initial expected credit losses. Under the DCF approach, the provision for credit losses includes credit loss expense in subsequent periods relating to the discounting effect due to the passage of time after the initial recognition of ACL on originated HFI loans at amortized cost. The Company also considers the need for qualitative adjustments to the modeled estimate of expected credit losses. For this purpose, the Company established a qualitative factor framework to periodically assess qualitative adjustments to address certain identified elements that are not directly captured by the statistically modeled expected credit loss. The Company also obtains forecast macroeconomic information to inform its view of the long- term condition of the economy. These factors may include the impact of the non-modeled macroeconomic outlook, forecast unemployment rate and insurance claims, risk rating downgrades, changes in credit policies, problem loan trends, identification of new risks not incorporated into the modeling framework, credit concentrations, changes in underwriting and other external factors. Zero Credit Loss Expectation Exception The Company has a zero loss expectation when the loans and securities available for sale, or portions thereof, are issued or guaranteed by certain U.S. government entities or agencies, as those entities or agencies have a long history of no defaults and the highest credit ratings issued by rating agencies. Loans held for investment and securities available for sale which meet this criterion do not have an ACL. Reserve for Unfunded Lending Commitments The ACL includes an estimate for expected credit losses on off-balance sheet commitments to extend credit and unused lines of credit. The Company estimates these expected credit losses for the unfunded portion of the commitments that are not unconditionally cancellable depending on the likelihood that funding will occur. The reserve for unfunded lending commitments is reported in “Other liabilities” on the Balance Sheet. Individually Assessed Loans Loans that do not share similar risk characteristics with other financial assets, including collateral-dependent loans, are individually assessed for purposes of measuring expected credit losses using the DCF approach. For loans that are determined to be collateral dependent, the ACL is determined based on the fair value of the collateral. Loans are considered collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be substantially satisfied through sale or operation of the collateral. For such loans, the ACL is calculated as the difference between the amortized cost basis and the fair value of the underlying collateral less costs to sell, if applicable. Charge-Offs Charge-offs are recorded when the Company determines that a loan balance is uncollectible or a loss-confirming event has occurred. Loss confirming events usually involve the receipt of specific adverse information about the borrower and may include borrower delinquency status, bankruptcy, foreclosure, or receipt of an asset valuation indicating a shortfall between the value of the collateral and the book value of the loan when that collateral asset is the sole source of repayment. A full or partial charge-off reduces the amortized cost basis of the loan and the related ACL. Unsecured personal loans are generally charged-off when a borrower is contractually 120 days past due. Exceptions include accounts in bankruptcy or accounts of deceased borrowers which are then generally charged-off within 60 or 30 days from receipt of notification, respectively. Servicing Assets Servicing assets are capitalized as separate assets when loans are sold and servicing is retained. The Company records servicing assets at their estimated fair values. Servicing asset fair value is based on the excess of the contractual servicing fee over an estimated market servicing rate. When servicing assets are recognized from the sale of loans originated by the Company, the fair value of the servicing asset is included as a component of the gain or loss on the loan sale and reported within “Marketplace revenue” on the Income Statement. Subsequent changes in fair value are reported within “Servicing fees” in “Marketplace revenue” during the period in which the changes occur. Servicing assets are reported in “Other assets” on the Balance Sheet. Fair Value Measurements Fair value is defined as the price that would be received to sell a financial asset or paid to transfer a financial liability in an orderly transaction between market participants at the measurement date. Fair value is based on an exit price notion that maximizes the use of observable inputs and minimizes the use of unobservable inputs. Certain of the Company’s assets and liabilities are recorded at fair value and measured on either a recurring or nonrecurring basis. Assets and liabilities that are recorded at fair value on a recurring basis require a fair value measurement at each reporting period. The fair value hierarchy includes a three-level hierarchy that assigns the highest priority to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs. Level 1 — Quoted market prices in active markets for identical assets or liabilities. Level 2 — Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 — Unobservable inputs. Unobservable inputs require greater judgment in measuring fair value. In instances where there is limited or no observable market data, fair value measurements for assets and liabilities are based primarily upon the Company’s own estimates, and the measurements reflect information and assumptions that management believes a market participant would use in pricing the asset or liability. Derivative Instruments and Hedging Activities The Company reports the fair value of its derivative instruments on a gross basis, as either “Other assets” or “Other liabilities” on the Balance Sheet. Changes in fair value of the derivative instruments are recognized in current period earnings. For derivative instruments that qualify as accounting hedges, the Company designates the hedging instrument based on the exposure being hedged. The Company’s existing hedging instruments are designated as fair value hedges under the portfolio layer method, whereby changes in the fair value of the hedging instrument are substantially offset by changes in the fair value of the hedged item, which are recognized within interest income on the Income Statement. Interest payments made and/or received related to these derivative instruments are presented within the “Operating activities” section on the Statements of Cash Flows. To qualify for hedge accounting, the derivatives and related hedged items must be designated as a hedge at inception of the hedge relationship. In addition, a derivative must be highly effective at reducing the risk associated with the exposure being hedged. For accounting hedge relationships, the Company formally assesses, both at the inception of the hedge and on an ongoing basis, if the derivatives are highly effective in offsetting designated changes in the fair value of the hedged item. The Company assesses effectiveness using a statistical regression analysis. Effectiveness may be assessed qualitatively where the critical terms of the derivative and hedged item match. Property, Equipment and Software, net Property, equipment and software are carried at cost less accumulated depreciation and amortization. The Company uses the straight-line method of depreciation and amortization. Estimated useful lives range from three years to five years for furniture and fixtures, computer equipment, and software. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life. Internally-developed software is capitalized when preliminary development efforts are successfully completed and it is probable that the project will be completed, and the software will be used as intended. Capitalized costs consist of salaries and compensation costs for employees, fees paid to third-party consultants who are directly involved in development efforts, and costs incurred for upgrades and enhancements to add functionality of the software. Other costs are expensed as incurred. The Company evaluates impairments of its property, equipment and software whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. If the asset is not recoverable, measurement of an impairment loss is based on the fair value of the asset. When an impairment loss is recognized, the carrying amount of the asset is reduced to its estimated fair value. Goodwill and Other Intangible Assets Goodwill is recorded when the purchase price of an acquired business exceeds the fair value of the net assets acquired. Goodwill is assigned to the Company’s reporting units at the acquisition date according to the expected economic benefits that the acquired business will provide to the reporting unit. A reporting unit is a business operating segment or a component of a business operating segment. The Company identifies its reporting units based on how the operating segments and reporting units are managed. Accordingly, the Company allocated goodwill to the LC Bank operating segment. The goodwill of each reporting unit is tested for impairment annually or more frequently in certain circumstances. The Company’s annual impairment testing is performed in the fourth quarter of each calendar year. Impairment exists when the carrying value of goodwill exceeds its estimated fair value. Adverse changes in impairment indicators such as lower than forecast financial performance, increased competition, increased regulatory oversight, or unplanned changes in operations could result in impairment. The Company can elect to either qualitatively assess goodwill for impairment, or bypass the qualitative test and proceed directly to a quantitative test. If the Company performs a qualitative assessment of goodwill to test for impairment and concludes it is more likely than not that the estimated fair value of a reporting unit is greater than its carrying value, a quantitative test is not required. However, if we determine it is more likely than not that a reporting unit’s fair value is less than its carrying amount, a quantitative assessment is performed to determine if goodwill impairment exists. Under the quantitative impairment assessment, the fair values of the Company’s reporting units are determined using a combination of income and market-based approaches. Other intangible assets with determinable lives are recorded at their fair value upon completion of a business acquisition or certain other transactions, and generally represent the value of customer contracts or relationships. Such assets are amortized over their useful lives in a manner that best reflects their economic benefit, which may include straight-line or accelerated methods of amortization. Other intangible assets are reviewed for impairment quarterly and when events or changes in circumstances indicate that their carrying amount may not be recoverable. The Company does not have indefinite-lived intangible assets other than goodwill. Intangible assets are reported in “Other assets” on the Balance Sheet. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities in “Other liabilities” on the Balance Sheet. Associated legal expense is recorded in “Other non-interest expense” on the Income Statement. Such liabilities and associated expenses are recorded when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. The Company will also disclose a range of exposure to incremental loss when such amounts can be estimated and are reasonably possible to occur in future periods. In estimating the Company’s exposure to loss contingencies, if an amount within the estimated range of loss is the best estimate, that amount will be accrued. However, if there is no amount within the estimated range of loss that is the best estimate, the Company will accrue the minimum amount within the range, and disclose the amount up to the high end of the range as an exposure to incremental loss, if such amount is considered reasonably possible. Such estimates are based on the best information available at the time. As additional information becomes available, the Company reassesses the potential liability and records an adjustment to its estimate in the period in which the adjustment is probable and an amount or range can be reasonably estimated. The determination of an expected contingent liability and associated litigation expense requires the Company to make assumptions related to the outcome of these matters. Due to the inherent uncertainties of loss contingencies, the Company’s estimates may be different than the actual outcomes. Legal fees, including legal fees associated with loss contingencies, are recognized as incurred and included in “Professional services” expense on the Income Statement. Stock-based Compensation Stock-based compensation includes expense primarily associated with restricted stock units (RSUs) and performance-based restricted stock units (PBRSUs). Stock-based compensation expense is based on the grant date fair value of the award. The cost is generally recognized over the vesting period on a straight-line basis. Forfeitures are recognized as incurred. Income Taxes The Company accounts for income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes deferred tax assets to the extent that it believes these assets are more likely than not to be realized. In making such a determination, the Company considers the available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts that are more likely than not expected to be realized. If the Company determines that it is able to realize its deferred tax assets in the future in excess of the net recorded amount, the Company decreases the deferred tax asset valuation allowance, which reduces the provision for income taxes. Uncertain tax positions are recognized only when the Company believes it is more likely than not that the tax position will be upheld on examination by the taxing authorities based on the merits of the position. The Company recognizes interest and penalties, if any, related to uncertain tax positions in “Income tax (expense) benefit” on the Income Statement. Earnings Per Share Basic earnings per share (Basic EPS) attributable to common stockholders is computed by dividing net income attributable to LendingClub by the weighted-average number of common shares outstanding during the period. Diluted earnings per share (Diluted EPS) is computed by dividing net income attributable to LendingClub by the weighted-average number of common shares outstanding during the period, adjusted for the effects of dilutive issuances of shares of common stock, which predominantly include incremental shares issued for outstanding RSUs, PBRSUs, and stock options. PBRSUs are included in dilutive shares to the extent the pre-established performance targets have been or are estimated to be satisfied as of the reporting date. The dilutive potential common shares are computed using the treasury stock method. The effects of outstanding RSUs, PBRSUs, and stock options are excluded from the computation of Diluted EPS in periods in which the effect would be antidilutive. For periods with more than one class of common shares, the Company computes Basic and Diluted EPS using the two-class method, which is an allocation of net income among the holders of each class of common shares. Consolidation of Variable Interest Entities A variable interest entity (VIE) is a legal entity that has either a total equity investment that is insufficient to finance its activities without additional subordinated financial support or whose equity investors lack the characteristics of a controlling financial interest. The Company’s variable interest arises from contractual, ownership or other monetary interests in the entity, which change with fluctuations in the fair value of the entity’s net assets. A VIE is consolidated by its primary beneficiary, the party that has both the power to direct the activities that most significantly impact the VIE’s economic performance, and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The Company consolidates a VIE when it is deemed to be the primary beneficiary. The Company assesses whether or not it is the primary beneficiary of a VIE on an ongoing basis. Transfers of Financial Assets The Company accounts for transfers of financial assets as sales when it has surrendered control over the transferred assets. Control is generally considered to have been surrendered when the transferred assets have been legally isolated from the Company, the transf

Marketplace Revenue

Marketplace Revenue	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Marketplace Revenue	Marketplace Revenue Marketplace revenue consists of (i) origination fees, (ii) servicing fees, (iii) gain on sales of loans and (iv) net fair value adjustments, as described below. Origination Fees: Origination fees are primarily fees earned related to originating and issuing unsecured personal loans that are held for sale. Servicing Fees: The Company receives servicing fees to compensate it for servicing loans on behalf of investors, including managing payments and collections from borrowers and payments to those investors. The amount of servicing fee revenue earned is predominantly affected by the servicing rates paid by investors and the outstanding principal balance of loans serviced for investors. Servicing fee revenue related to loans sold also includes the associated change in the fair value of servicing assets. Gain on Sales of Loans: In connection with loan sales, the Company recognizes a gain or loss on the sale of loans based on the level to which the contractual servicing fee is above or below an estimated market rate of servicing. Additionally, the Company recognizes transaction costs, if any, as a loss on sale of loans. Net Fair Value Adjustments: The Company records fair value adjustments on loans that are recorded at fair value, which include gains or losses from sale prices in excess of or less than the loan principal amount sold and realized net charge-offs. In addition, as loans are held on the Balance Sheet, incremental fair value adjustments on the loans are recorded in “Net fair value adjustments” within “Marketplace revenue,” whereas the associated interest income is recorded within “Net interest income.” The following table presents components of marketplace revenue for the periods presented: Year Ended December 31, 2024 2023 2022 Origination fees $ 283,420 $ 279,146 $ 499,179 Servicing fees 64,933 98,613 80,609 Gain on sales of loans 49,097 47,839 95,335 Net fair value adjustments (154,659) (134,114) 8,503 Total marketplace revenue $ 242,791 $ 291,484 $ 683,626

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table details the computation of the Company’s Basic and Diluted EPS: Year Ended December 31, 2024 2023 2022 Basic EPS: Net income attributable to stockholders $ 51,330 $ 38,939 $ 289,685 Weighted-average common shares – Basic 111,731,523 108,466,179 103,547,305 Basic EPS $ 0.46 $ 0.36 $ 2.80 Diluted EPS: Net income attributable to stockholders $ 51,330 $ 38,939 $ 289,685 Weighted-average common shares – Diluted 113,122,859 108,468,857 104,001,288 Diluted EPS $ 0.45 $ 0.36 $ 2.79

Securities Available for Sale

Securities Available for Sale	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Securities Available for Sale	Securities Available for Sale The amortized cost, gross unrealized gains and losses, and fair value of AFS securities were as follows: December 31, 2024 Amortized Gross Gross Allowance for Credit Losses Fair Senior asset-backed securities related to Structured Program transactions (1) $ 2,870,071 $ 30,398 $ (645) $ — $ 2,899,824 U.S. agency residential mortgage-backed securities 270,120 48 (43,243) — 226,925 Other asset-backed securities related to Structured Program transactions (2) 174,132 — (657) (3,527) 169,948 U.S. agency securities 90,459 — (14,513) — 75,946 Mortgage-backed securities 62,882 8 (6,216) — 56,674 Other asset-backed securities 21,364 15 (587) — 20,792 Municipal securities 3,236 — (697) — 2,539 Total securities available for sale (3) $ 3,492,264 $ 30,469 $ (66,558) $ (3,527) $ 3,452,648 December 31, 2023 Amortized Gross Gross Fair Senior asset-backed securities related to Structured Program transactions $ 1,165,513 $ 10,932 $ (42) $ 1,176,403 U.S. agency residential mortgage-backed securities 261,885 208 (37,497) 224,596 U.S. agency securities 93,452 — (13,348) 80,104 Other asset-backed securities related to Structured Program transactions (2) 70,662 2,731 — 73,393 Mortgage-backed securities 42,511 — (5,435) 37,076 Other asset-backed securities 26,710 25 (634) 26,101 Municipal securities 3,257 — (668) 2,589 Total securities available for sale (3) $ 1,663,990 $ 13,896 $ (57,624) $ 1,620,262 (1) Excludes a $(2.2) million cumulative basis adjustment for securities designated in active fair value hedge relationships at December 31, 2024. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. (2) As of December 31, 2024 and 2023, $169.9 million and $70.1 million, respectively, of the other asset-backed securities related to Structured Program transactions at fair value are subject to restrictions on transfer pursuant to the Company’s obligations as a “sponsor” under the U.S. Risk Retention Rules. (3) As of December 31, 2024 and 2023, includes $373.5 million and $359.5 million, respectively, of securities pledged as collateral at fair value. A summary of AFS securities with unrealized losses, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total December 31, 2024 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 334,564 $ (645) $ — $ — $ 334,564 $ (645) U.S. agency residential mortgage-backed securities 34,168 (782) 185,405 (42,461) 219,573 (43,243) Other asset-backed securities related to Structured Program transactions 72,251 (657) — — 72,251 (657) U.S. agency securities — — 75,946 (14,513) 75,946 (14,513) Mortgage-backed securities 21,970 (316) 32,298 (5,900) 54,268 (6,216) Other asset-backed securities 1,638 (4) 11,668 (583) 13,306 (587) Municipal securities — — 2,539 (697) 2,539 (697) Total securities with unrealized losses $ 464,591 $ (2,404) $ 307,856 $ (64,154) $ 772,447 $ (66,558) Less than 12 months Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 38,359 $ (42) $ — $ — $ 38,359 $ (42) U.S. agency residential mortgage-backed securities 6,497 (149) 201,426 (37,348) 207,923 (37,497) U.S. agency securities — — 80,104 (13,348) 80,104 (13,348) Mortgage-backed securities 13,973 (740) 23,103 (4,695) 37,076 (5,435) Other asset-backed securities 12,911 (50) 8,538 (584) 21,449 (634) Municipal securities — — 2,589 (668) 2,589 (668) Total securities with unrealized losses $ 71,740 $ (981) $ 315,760 $ (56,643) $ 387,500 $ (57,624) At December 31, 2024, the majority of the Company’s AFS investment portfolio was comprised of senior asset-backed securities related to Structured Program transactions and U.S. agency-backed securities. Management considers U.S. agency-backed securities to be of the highest credit quality and rating given the guarantee of principal and interest by certain U.S. government agencies. Most of the remaining securities in an unrealized loss position in the Company’s AFS investment portfolio at December 31, 2024 were rated investment grade. Substantially all of these unrealized losses in the AFS investment portfolio were caused by interest rate increases. The Company does not intend to sell the investment portfolio, and it is not more likely than not that it will be required to sell any investment before recovery of its amortized cost basis. For a description of management’s quarterly evaluation of AFS securities in an unrealized loss position, see “ Note 1. Summary of Significant Accounting Policies. ” The following table presents the activity in the allowance for credit losses for AFS securities, by security type: Year Ended December 31, 2024 Other asset-backed securities related to Structured Program transactions: Allowance for credit losses, beginning of period $ — Credit loss expense for securities available for sale 3,527 Allowance for credit losses, end of period $ 3,527 There was no activity in the allowance for credit losses for AFS securities during 2023 or 2022. The contractual maturities of AFS securities were as follows: December 31, 2024 Amortized Cost Fair Value Weighted- average Yield (1) Due within 1 year: U.S. agency securities $ 3,000 $ 2,989 Total due within 1 year 3,000 2,989 3.50 % Due after 1 year through 5 years: Senior asset-backed securities related to Structured Program transactions 2,870,071 2,899,824 Other asset-backed securities related to Structured Program transactions 174,132 169,948 U.S. agency securities 7,850 7,620 Mortgage-backed securities 2,684 2,413 Other asset-backed securities 307 306 Municipal securities 307 274 Total due after 1 year through 5 years 3,055,351 3,080,385 7.50 % Due after 5 years through 10 years: U.S. agency securities 23,997 20,907 Other asset-backed securities 12,430 12,394 U.S. agency residential mortgage-backed securities 3,838 3,649 Mortgage-backed securities 915 765 Municipal securities 310 267 Total due after 5 years through 10 years 41,490 37,982 4.28 % Due after 10 years: U.S. agency residential mortgage-backed securities 266,282 223,276 Mortgage-backed securities 59,283 53,496 U.S. agency securities 55,612 44,430 Other asset-backed securities 8,627 8,092 Municipal securities 2,619 1,998 Total due after 10 years 392,423 331,292 2.90 % Total securities available for sale $ 3,492,264 $ 3,452,648 6.81 % (1) The weighted-average yield is computed using the average month-end amortized cost during the year ended December 31, 2024.

Loans and Leases Held for Inves

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses	Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses LendingClub records certain loans and leases HFI at amortized cost. Other HFI and all HFS loans are recorded at fair value with the Company’s election of the fair value option. Accrued interest receivable is excluded from the amortized cost basis of loans and leases HFI and is reported within “ Other assets Balance Sheet . Net accrued interest receivable related to loans and leases HFI at amortized cost was $30.4 million and $32.2 million as of December 31, 2024 and 2023, respectively. Loans and Leases Held for Investment at Amortized Cost The Company defines its loans and leases HFI portfolio segments as (i) consumer and (ii) commercial. The following table presents the components of each portfolio segment by class of financing receivable: December 31, 2024 December 31, 2023 Unsecured personal $ 3,106,472 $ 3,726,830 Residential mortgages 172,711 183,050 Secured consumer 230,232 250,039 Total consumer loans held for investment 3,509,415 4,159,919 Equipment finance (1) 64,232 110,992 Commercial real estate 373,785 380,322 Commercial and industrial 178,386 199,069 Total commercial loans and leases held for investment 616,403 690,383 Total loans and leases held for investment 4,125,818 4,850,302 Allowance for loan and lease losses (236,734) (310,387) Loans and leases held for investment, net (2) $ 3,889,084 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 18. Leases ” for additional information. (2) As of December 31, 2024 , the Company had $3.7 billion in loans pledged as collateral, comprised of $3.2 billion pledged under the FRB Discount Window and $456.4 million pledged to the FHLB of Des Moines. As of December 31, 2023, the Company had $4.0 billion in loans pledged as collateral, comprised of $3.5 billion pledged under the FRB Discount Window and $479.0 million pledged to the FHLB of Des Moines. The following table presents the components of the allowance for loan and lease losses (ALLL): December 31, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 285,686 $ 355,773 Recovery asset value (2) (48,952) (45,386) Allowance for loan and lease losses $ 236,734 $ 310,387 (1) Represents the allowance for future estimated net charge-offs on existing portfolio balances. (2) Represents the negative allowance for expected recoveries of amounts previously charged-off. December 31, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,509,415 $ 616,403 $ 4,125,818 Allowance for loan and lease losses $ 212,598 $ 24,136 $ 236,734 Allowance ratio (1) 6.1 % 3.9 % 5.7 % Gross allowance for loan and lease losses $ 261,550 $ 24,136 $ 285,686 Gross allowance ratio (1) 7.5 % 3.9 % 6.9 % December 31, 2023 Consumer Commercial Total Loans and leases held for investment $ 4,159,919 $ 690,383 $ 4,850,302 Allowance for loan and lease losses $ 298,061 $ 12,326 $ 310,387 Allowance ratio (1) 7.2 % 1.8 % 6.4 % Gross allowance for loan and lease losses $ 343,447 $ 12,326 $ 355,773 Gross allowance ratio (1) 8.3 % 1.8 % 7.3 % (1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases held for investment at amortized cost. The activity in the ACL by portfolio segment was as follows: Year Ended December 31, 2024 2023 2022 Consumer Commercial Total Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses: Beginning of period $ 298,061 $ 12,326 $ 310,387 $ 312,489 $ 15,363 $ 327,852 $ 128,812 $ 15,577 $ 144,389 Credit loss expense (benefit) 160,581 14,849 175,430 244,518 (948) 243,570 265,359 1,320 266,679 Charge-offs (299,159) (4,434) (303,593) (278,105) (3,002) (281,107) (85,247) (2,226) (87,473) Recoveries 53,115 1,395 54,510 19,159 913 20,072 3,565 692 4,257 End of period $ 212,598 $ 24,136 $ 236,734 $ 298,061 $ 12,326 $ 310,387 $ 312,489 $ 15,363 $ 327,852 Reserve for unfunded lending commitments: Beginning of period $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 $ — $ 1,231 $ 1,231 Credit loss expense (benefit) — (690) (690) (18) 13 (5) 18 629 647 End of period (1) $ — $ 1,183 $ 1,183 $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 (1) Relates to $105.0 million, $78.1 million and $138.0 million of unfunded commitments as of December 31, 2024, 2023 and 2022, respectively . The following table presents charge-offs by origination year for the year ended December 31, 2024: Gross Charge-Offs by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal (1) $ 6,796 $ 96,219 $ 147,062 $ 46,894 $ — $ — $ 296,971 Residential mortgages — — — — — — — Secured consumer 48 492 1,149 499 — — 2,188 Total consumer loans held for investment 6,844 96,711 148,211 47,393 — — 299,159 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial 114 700 1,524 403 — 1,693 4,434 Total commercial loans and leases held for investment 114 700 1,524 403 — 1,693 4,434 Total loans and leases held for investment $ 6,958 $ 97,411 $ 149,735 $ 47,796 $ — $ 1,693 $ 303,593 (1) Unsecured personal loans are generally charged-off when a borrower is contractually 120 days past due. Consumer Lending Credit Quality Indicators The Company evaluates the credit quality of its consumer loan portfolio based on the aging status of the loan and by payment activity. Loan delinquency reporting is based upon borrower payment activity relative to the contractual terms of the loan. The following tables present the classes of financing receivables within the consumer portfolio segment by credit quality indicator based on delinquency status and origination year: December 31, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal Current $ 1,347,685 $ 787,936 $ 762,223 $ 142,546 $ — $ — $ 3,040,390 30-59 days past due 4,981 7,344 8,952 2,253 — — 23,530 60-89 days past due 2,448 6,933 7,920 1,992 — — 19,293 90 or more days past due 2,364 7,920 8,853 2,250 — — 21,387 Total unsecured personal (1) 1,357,478 810,133 787,948 149,041 — — 3,104,600 Residential mortgages Current — — 45,828 52,679 28,176 45,789 172,472 30-59 days past due — — — — — 151 151 60-89 days past due — — — — — 88 88 90 or more days past due — — — — — — — Total residential mortgages — — 45,828 52,679 28,176 46,028 172,711 Secured consumer Current 79,161 78,081 56,766 10,573 — 2,372 226,953 30-59 days past due 98 824 1,199 221 — — 2,342 60-89 days past due 11 147 338 104 — — 600 90 or more days past due 36 157 99 45 — — 337 Total secured consumer 79,306 79,209 58,402 10,943 — 2,372 230,232 Total consumer loans held for investment $ 1,436,784 $ 889,342 $ 892,178 $ 212,663 $ 28,176 $ 48,400 $ 3,507,543 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2024, the basis adjustment totaled $1.9 million and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal Current $ 1,498,737 $ 1,688,512 $ 438,296 $ — $ — $ — $ 3,625,545 30-59 days past due 9,034 17,017 6,665 — — — 32,716 60-89 days past due 7,767 15,538 6,251 — — — 29,556 90 or more days past due 6,924 16,564 6,644 — — — 30,132 Total unsecured personal (1) 1,522,462 1,737,631 457,856 — — — 3,717,949 Residential mortgages Current 53 48,473 54,855 29,960 18,917 29,041 181,299 30-59 days past due — — — — 1,331 420 1,751 60-89 days past due — — — — — — — 90 or more days past due — — — — — — — Total residential mortgages 53 48,473 54,855 29,960 20,248 29,461 183,050 Secured consumer Current 125,618 97,084 21,949 — 2,460 — 247,111 30-59 days past due 364 1,295 417 — — — 2,076 60-89 days past due 94 373 168 — — — 635 90 or more days past due — 153 64 — — — 217 Total secured consumer 126,076 98,905 22,598 — 2,460 — 250,039 Total consumer loans held for investment $ 1,648,591 $ 1,885,009 $ 535,309 $ 29,960 $ 22,708 $ 29,461 $ 4,151,038 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2023, the basis adjustment totaled $8.9 million and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. Commercial Lending Credit Quality Indicators The Company evaluates the credit quality of its commercial loan portfolio based on regulatory risk ratings. The Company categorizes loans and leases into risk ratings based on relevant information about the quality and realizable value of collateral, if any, and the ability of obligors to service their debts, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans and leases based on their associated credit risk and performs this analysis whenever credit is extended, renewed or modified, or when an observable event occurs indicating a potential decline in credit quality, and no less than annually for large balance loans. Risk rating classifications consist of the following: Pass – Loans and leases that the Company believes will fully repay in accordance with the contractual loan terms. Special Mention – Loans and leases with a potential weakness that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or the Company’s credit position at some future date. Substandard – Loans and leases that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the repayment and liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Normal payment from the borrower is in jeopardy, although loss of principal, while still possible, is not imminent. Doubtful – Loans and leases that have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. Loss – Loans and leases that are considered uncollectible and of little value. The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year: December 31, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Guaranteed Amount (1) Equipment finance Pass $ — $ 1,519 $ 32,544 $ 7,790 $ 9,101 $ 6,643 $ 57,597 $ — Special mention — — 335 602 — — 937 — Substandard — — 776 4,922 — — 5,698 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance — 1,519 33,655 13,314 9,101 6,643 64,232 — Commercial real estate Pass 22,847 67,692 89,903 21,174 27,947 106,060 335,623 31,499 Special mention — — — — 252 6,276 6,528 — Substandard — — 2,430 8,441 7,987 10,791 29,649 8,940 Doubtful — — — — — — — — Loss — — 1,121 271 — 593 1,985 1,543 Total commercial real estate 22,847 67,692 93,454 29,886 36,186 123,720 373,785 41,982 Commercial and industrial Pass 28,030 29,186 31,697 27,474 5,503 12,678 134,568 85,269 Special mention 635 — 5,165 2,652 76 — 8,528 7,065 Substandard — 4,071 13,110 2,311 1,399 1,670 22,561 14,879 Doubtful — — 3,279 1,477 506 285 5,547 4,671 Loss 282 2,094 4,224 568 — 14 7,182 7,182 Total commercial and industrial 28,947 35,351 57,475 34,482 7,484 14,647 178,386 119,066 Total commercial loans and leases held for investment $ 51,794 $ 104,562 $ 184,584 $ 77,682 $ 52,771 $ 145,010 $ 616,403 $ 161,048 (1) Represents loan balances guaranteed by the Small Business Association (SBA). December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Guaranteed Amount (1) Equipment finance Pass $ 2,945 $ 33,430 $ 26,311 $ 7,754 $ 9,411 $ 6,288 $ 86,139 $ — Special mention — 15,235 1,962 5,873 1,335 — 24,405 — Substandard — — — 448 — — 448 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance 2,945 48,665 28,273 14,075 10,746 6,288 110,992 — Commercial real estate Pass 49,067 94,247 34,535 43,058 52,160 78,062 351,129 33,423 Special mention — — — — — 13,706 13,706 — Substandard — 3,598 7,716 — — 2,139 13,453 9,425 Doubtful — — — — — — — — Loss — — 1,515 — — 519 2,034 1,471 Total commercial real estate 49,067 97,845 43,766 43,058 52,160 94,426 380,322 44,319 Commercial and industrial Pass 40,636 60,352 39,304 9,525 10,282 11,626 171,725 104,928 Special mention — 10,881 1,532 729 137 444 13,723 9,384 Substandard — 2,304 5,426 673 1,045 1,434 10,882 6,908 Doubtful — 649 — 548 — 286 1,483 1,214 Loss — — — — — 1,256 1,256 1,229 Total commercial and industrial 40,636 74,186 46,262 11,475 11,464 15,046 199,069 123,663 Total commercial loans and leases held for investment $ 92,648 $ 220,696 $ 118,301 $ 68,608 $ 74,370 $ 115,760 $ 690,383 $ 167,982 (1) Represents loan balances guaranteed by the SBA. The following tables present an analysis of the past due loans and leases HFI at amortized cost within the commercial portfolio segment: December 31, 2024 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 67 $ — $ 4,551 $ 4,618 $ — Commercial real estate 8,320 483 9,731 18,534 8,456 Commercial and industrial 6,257 1,182 15,971 23,410 18,512 Total commercial loans and leases held for investment $ 14,644 $ 1,665 $ 30,253 $ 46,562 $ 26,968 December 31, 2023 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 1,265 $ — $ — $ 1,265 $ — Commercial real estate — 3,566 1,618 5,184 4,047 Commercial and industrial 12,261 1,632 1,515 15,408 11,260 Total commercial loans and leases held for investment $ 13,526 $ 5,198 $ 3,133 $ 21,857 $ 15,307 (1) Represents loan balances guaranteed by the SBA. Loan Modifications On January 1, 2023, we adopted ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures on a prospective basis. As such, the 2022 comparative period is not presented in the tables below. The Company has loan modification programs to assist borrowers experiencing financial difficulty and to mitigate losses and maximize collections for loans serviced by the Company. The table below presents the amortized cost of loans that were modified during the periods presented, by modification type: Year Ended December 31, 2024 2023 Short-term payment reduction $ 26,421 $ 4,867 Permanent loan modification 5,874 3,659 Debt settlement 5,631 7,350 Total loan modifications – unsecured personal loans $ 37,926 $ 15,876 % of unsecured personal loans at amortized cost as of period end 1.2 % 0.4 % The Company expanded its digital channels to enable borrowers experiencing financial difficulty to qualify for a short-term payment reduction modification program. Under this program, borrowers may receive a temporary payment reduction for three months. If the borrower meets the temporary payment reduction requirements during the first three-month term, they may qualify for a payment reduction for an additional three months. Receiving an additional three months of payment reduction is considered an other-than-insignificant payment delay and becomes a short-term payment reduction modification. The short-term payment reduction modification results in a term extension of five Permanent loan modifications include both a reduction in contractual interest rates and an extension to the contractual maturity date of up to twelve months and do not include any principal forgiveness. To qualify for this modification, borrowers must meet the Company’s debt-to-income ratio requirements. During the years ended December 31, 2024 and 2023, the weighted-average interest rate reduction under this program was approximately 8.0% and 9.2%, respectively. The weighted-average maturity date extension was approximately twelve months for all periods. Debt settlement modifications, which include engaging with third-party debt settlement companies, reduce the principal and interest amounts owed by borrowers. The Company typically charges-off such loans within a few months following the modification, as payments under the modified agreement are less than the original contractual amounts. The following table presents the delinquency status of the amortized cost of loan modifications as of the periods presented below that were modified during the preceding twelve months: December 31, 2024 December 31, 2023 Short-term Payment Reduction Permanent Loan Modification Debt Settlement Short-term Payment Reduction Permanent Loan Modification Debt Settlement Unsecured personal loans Current $ 21,471 $ 5,285 $ 43 $ 4,533 $ 3,208 $ 70 30-59 days 1,851 247 19 149 199 85 60-89 days 1,462 159 811 105 67 669 90 or more days 1,637 183 4,758 80 185 6,526 Total loan modifications $ 26,421 $ 5,874 $ 5,631 $ 4,867 $ 3,659 $ 7,350 A modified loan is generally charged-off in the event of a borrower defaulting at 120 days past due. The table below presents the total amount of charge-offs during the period for loan modifications that were entered into within the preceding twelve months of charge-off: Year Ended December 31, 2024 2023 Short-term payment reduction $ 7,945 $ 224 Permanent loan modification 2,136 308 Debt settlement 72,845 53,111 Total loan modifications – unsecured personal loans $ 82,926 $ 53,643 Nonaccrual Assets Nonaccrual loans and leases are those for which accrual of interest has been suspended. Loans and leases are generally placed on nonaccrual status when contractually past due 90 days or more, or earlier if management believes that the probability of collection does not warrant further accrual. Certain loans on nonaccrual status may be considered collateral-dependent loans if the borrower is experiencing financial difficulty and repayment of the loan is expected to be substantially through sale of the collateral. Such loans are secured by various types of collateral, including real estate, auto, equipment, among others. Expected credit losses for the Company’s collateral-dependent loans are calculated as the difference between the amortized cost basis and the fair value of the underlying collateral less costs to sell, if applicable. The fair value of the underlying collateral is generally based on third-party appraisals, which are updated on a case-by-case basis. The following table presents nonaccrual loans and leases: Year Ended December 31, 2024 2023 Nonaccrual Nonaccrual with no related ACL (1) Nonaccrual Nonaccrual with no related ACL (1) Unsecured personal $ 21,387 $ — $ 30,132 $ — Residential mortgages 295 295 312 312 Secured consumer 337 — 217 — Total nonaccrual consumer loans held for investment 22,019 295 30,661 312 Equipment finance 4,516 — — — Commercial real estate 18,280 5,345 9,663 2,187 Commercial and industrial 27,489 7,501 4,058 1,590 Total nonaccrual commercial loans and leases held for investment (2) 50,285 12,846 13,721 3,777 Total nonaccrual loans and leases held for investment $ 72,304 $ 13,141 $ 44,382 $ 4,089 (1) Subset of total nonaccrual loans and leases. (2) Includes $31.2 million and $10.4 million in loan balances guaranteed by the SBA as of December 31, 2024 and 2023, respectively. Year Ended December 31, 2024 2023 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 22,019 0.6 % $ 30,661 0.7 % Total nonaccrual commercial loans and leases held for investment 50,285 8.2 % 13,721 2.0 % Total nonaccrual loans and leases held for investment $ 72,304 1.8 % $ 44,382 0.9 % (1) Calculated as the ratio of non-accruing loans and leases to loans and leases HFI at amortized cost.

Securitizations and Variable In

Securitizations and Variable Interest Entities	12 Months Ended
	Dec. 31, 2024
Transfers and Servicing [Abstract]
Securitizations and Variable Interest Entities	Securitizations and Variable Interest Entities The following table presents the classifications of assets and liabilities on the Company’s Balance Sheet for its transactions with VIEs, which include Structured Program transactions. The Company also has various forms of involvement with VIEs, including servicing loans and holding senior asset-backed securities or subordinated interests in the VIEs. Additionally, the carrying amount of assets and liabilities in the table below excludes intercompany balances that were eliminated in consolidation. December 31, 2024 December 31, 2023 Consolidated Unconsolidated Total Consolidated Unconsolidated Total Assets Restricted cash $ — $ — $ — $ 3,454 $ — $ 3,454 Securities available for sale at fair value — 3,069,771 3,069,771 — 1,249,796 1,249,796 Loans held for investment at fair value (1) — — — 970 — 970 Other assets — 46,269 46,269 14 31,531 31,545 Total assets $ — $ 3,116,040 $ 3,116,040 $ 4,438 $ 1,281,327 $ 1,285,765 Liabilities Borrowings (1) — — — 2,888 — 2,888 Other liabilities — 6,313 6,313 4 3,301 3,305 Total liabilities $ — $ 6,313 $ 6,313 $ 2,892 $ 3,301 $ 6,193 Total net assets (maximum loss exposure) $ — $ 3,109,727 $ 3,109,727 $ 1,546 $ 1,278,026 $ 1,279,572 (1) Prior period amounts have been reclassified to conform to the current period presentation. The maximum loss exposure shown in the table above represents the estimated loss that would be incurred under severe, hypothetical circumstances, for which the Company believes the possibility is extremely remote, such as where the value of interests and any associated collateral declines to zero. Accordingly, this required disclosure is not an indication of expected losses. The following table summarizes activity related to unconsolidated VIEs where the transfers were accounted for as a sale on the Company’s financial statements: December 31, 2024 2023 2022 Fair value of consideration received: Cash $ 394,205 $ 172,397 $ 5,320 Net securities retained from Structured Program transactions 2,711,693 1,299,313 2,180 Other assets (liabilities), net 35,877 16,740 (3,794) Total consideration 3,141,775 1,488,450 3,706 Fair value of loans sold (3,079,628) (1,474,077) (39,519) Sale of senior securities related to Structured Program transactions (30,000) — — Deconsolidation of debt 880 — 36,072 Principal derecognized from loans securitized or sold (737) — — Gain on sales of loans and securities (1) $ 32,290 $ 14,373 $ 259 Cash proceeds from continuing involvement: Servicing and other administrative fees $ 27,047 $ 5,475 $ 8,618 Interest received on securities retained from Structured Program transactions $ 164,807 $ 22,786 $ 7,285 (1) Consists primarily of servicing assets recognized at the time of sale, less any transaction costs, and excludes origination fees and fair value adjustments recognized prior to the sale. Prior period amounts have been reclassified to conform to the current period presentation. In 2023, the Company resumed its Structured Program transactions with its newly launched Structured Certificates. In this structure, the Company has primarily retained (but may sell) the senior securities at a fixed rate, along with the amount required pursuant to the U.S. Risk Retention Rules, and sells the residual certificates to marketplace investors. There is no direct recourse to the Company’s assets and holders of the securities can look only to those assets of the VIEs that issued those securities. The residual certificates are subject principally to the credit and prepayment risk stemming from the underlying pool of unsecured personal loans. See “ Note 4. Securities Available for Sale ” for additional information related to these securities. As of December 31, 2024, the aggregate unpaid principal balance held by unconsolidated VIEs was $3.5 billion, of which $44.7 million was attributable to off-balance sheet loans that were 30 days or more past due. As of December 31, 2023, the aggregate unpaid principal balance held by unconsolidated VIEs was $1.6 billion, of which $9.5 million was attributable to off-balance sheet loans that were 30 days or more past due. For such loans, the Company would only experience a loss if it was required to repurchase a loan due to a breach in representations and warranties associated with its loan sale or servicing contracts.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements For a description of the fair value hierarchy and the Company’s fair value methodologies, see “ Note 1. Summary of Significant Accounting Policies. ” The Company records certain assets and liabilities at fair value as listed in the following tables. Recurring Fair Value Measurements The following tables present, by level within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis: December 31, 2024 Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans held for sale at fair value $ — $ — $ 636,352 $ 636,352 Loans held for investment at fair value — — 1,027,798 1,027,798 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 2,899,824 2,899,824 U.S. agency residential mortgage-backed securities — 226,925 — 226,925 Other asset-backed securities related to Structured Program transactions — — 169,948 169,948 U.S. agency securities — 75,946 — 75,946 Mortgage-backed securities — 56,674 — 56,674 Other asset-backed securities — 20,792 — 20,792 Municipal securities — 2,539 — 2,539 Total securities available for sale — 382,876 3,069,772 3,452,648 Servicing assets — — 60,697 60,697 Other assets — 5,820 — 5,820 Total assets $ — $ 388,696 $ 4,794,619 $ 5,183,315 Liabilities: Other liabilities $ — $ 5,019 $ 11,799 $ 16,818 Total liabilities $ — $ 5,019 $ 11,799 $ 16,818 December 31, 2023 Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans held for sale at fair value $ — $ — $ 407,773 $ 407,773 Loans held for investment at fair value (1) — — 272,678 272,678 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 1,176,403 1,176,403 U.S. agency residential mortgage-backed securities — 224,596 — 224,596 U.S. agency securities — 80,104 — 80,104 Other asset-backed securities related to Structured Program transactions — — 73,393 73,393 Mortgage-backed securities — 37,076 — 37,076 Other asset-backed securities — 26,101 — 26,101 Municipal securities — 2,589 — 2,589 Total securities available for sale — 370,466 1,249,796 1,620,262 Servicing assets — — 77,680 77,680 Other assets — 3,525 — 3,525 Total assets $ — $ 373,991 $ 2,007,927 $ 2,381,918 Liabilities: Borrowings (1) $ — $ — $ 12,956 $ 12,956 Other liabilities — 12,072 7,655 19,727 Total liabilities $ — $ 12,072 $ 20,611 $ 32,683 (1) Prior period amounts have been reclassified to conform to the current period presentation. Financial instruments are categorized in the valuation hierarchy based on the significance of observable or unobservable factors in the overall fair value measurement. For the financial instruments listed in the tables above that do not trade in an active market with readily observable prices, the Company uses significant unobservable inputs to measure the fair value of these assets and liabilities. The Company primarily uses a DCF model to estimate the fair value of Level 3 instruments based on the present value of estimated future cash flows. This model uses inputs that are inherently judgmental and reflect the Company’s best estimates of the assumptions a market participant would use to calculate fair value. The Company did not transfer any assets or liabilities in or out of Level 3 during the years ended December 31, 2024 or 2023. The following significant unobservable inputs, as applicable, were used in the fair value measurement of the Company’s Level 3 assets: • Discount rate – The weighted-average rate at which the expected cash flows are discounted to arrive at the net present value of the loan. The discount rate is primarily determined based on marketplace investor return expectations. • Annualized net charge-off rate – The annualized rate of average charge-offs, net of recoveries, expressed as a percentage of the average principal balance of loan pools with similar risk characteristics. The calculation of this annualized rate also incorporates a qualitative estimate of credit losses based on the Company’s current macroeconomic outlook. • Annualized prepayment rate – The annualized rate of prepayments expressed as a percentage of the average principal balance of loan pools with similar risk characteristics. An increase in each of the inputs above, in isolation, would result in a decrease in the fair value measurement. The sensitivity calculations are hypothetical and should not be considered to be predictive of future performance. The effect on fair value of a variation in assumptions generally cannot be determined because the relationship of the change in assumptions to the fair value may not be linear. Changes in one factor may lead to changes in other factors, which could impact the hypothetical results. Loans Held for Sale at Fair Value Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement of loans HFS: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 7.1 % 11.9 % 7.9 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 1.8 % 21.2 % 5.4 % 2.7 % 12.9 % 6.5 % Annualized prepayment rate (1) 15.0 % 27.6 % 20.4 % 15.7 % 22.5 % 19.9 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. Fair Value Sensitivity The sensitivity of loans HFS at fair value to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Loans held for sale at fair value $ 636,352 $ 407,773 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (7,663) $ (5,093) 200 basis point increase $ (15,174) $ (10,051) Annualized net charge-off rate: 10% increase $ (6,436) $ (5,102) 20% increase $ (12,937) $ (10,184) Annualized prepayment rate: 10% increase $ (1,274) $ (851) 20% increase $ (2,444) $ (1,628) Fair Value Reconciliation The following table presents loans HFS at fair value activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 407,773 $ 110,400 Originations and purchases 5,194,160 4,942,457 Sales (4,576,779) (4,634,155) Principal payments (231,624) (70,350) Transfers from loans held for investment — 195,106 Realized charge-offs, net of recoveries, recorded in earnings (20,336) (13,597) Fair value adjustments recorded in earnings (136,842) (122,088) Fair value at end of period $ 636,352 $ 407,773 The following table summarizes the aggregate fair value of the Company’s HFS loans, as well as the amount that was 90 days or more past due: December 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 657,984 $ 3,719 $ 431,955 $ 1,395 Cumulative fair value adjustments (21,632) (3,012) (24,182) (1,102) Fair value of loans held for sale $ 636,352 $ 707 $ 407,773 $ 293 Loans Held for Investment at Fair Value Loans HFI at fair value consists primarily of a loan portfolio that was purchased with a $1.3 billion outstanding principal balance during the third quarter of 2024. This portfolio consisted of loans that the Company previously originated and sold. Due to the short remaining duration of the acquired loan portfolio, the Company has elected to account for the HFI loan portfolio under the fair value option. The tables presented below for the 2023 comparative period exclude retail and certificate loans held for investment at fair value, which totaled $10.5 million at December 31, 2023. The Company did not assume principal or interest rate risk on such loans that were funded by its member payment-dependent self-directed retail program (Retail Program) because loan balances, interest rates and maturities were matched and offset by an equal balance of notes with the exact same interest rates and maturities. As of December 31, 2024, there were no remaining retail and certificate loans held for investment at fair value. Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement of loans HFI: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 7.2 % 21.8 % 10.5 % 8.4 % 16.2 % 12.8 % Annualized net charge-off rate (1) 3.0 % 20.2 % 6.6 % 1.9 % 5.9 % 3.7 % Annualized prepayment rate (1) 15.6 % 21.4 % 19.3 % 18.6 % 27.7 % 22.6 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. Fair Value Sensitivity The sensitivity of loans HFI at fair value to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Loans held for investment at fair value $ 1,027,798 $ 262,190 Expected remaining weighted-average life (in years) 0.9 0.9 Discount rate: 100 basis point increase $ (7,832) $ (1,957) 200 basis point increase $ (15,557) $ (3,888) Annualized net charge-off rate: 10% increase $ (11,821) $ (1,753) 20% increase $ (25,428) $ (3,595) Annualized prepayment rate: 10% increase $ (4,813) $ (857) 20% increase $ (9,854) $ (1,675) Fair Value Reconciliation The following table presents loans HFI at fair value activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 262,190 $ 925,938 Purchases 1,396,223 4,243 Principal payments (618,472) (485,043) Transfers to loans held for sale — (195,106) Interest income accretion and fair value adjustments recorded in earnings (12,143) 12,158 Fair value at end of period $ 1,027,798 $ 262,190 The following table summarizes the aggregate fair value of the Company’s HFI loans held at fair value, as well as the amount that was 90 days or more past due: December 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 1,097,511 $ 14,616 $ 281,031 $ 3,774 Cumulative fair value adjustments (69,713) (11,836) (18,841) (3,037) Fair value of loans held for investment $ 1,027,798 $ 2,780 $ 262,190 $ 737 Asset-Backed Securities Related to Structured Program Transactions Senior Asset-Backed Securities Related to Structured Program Transactions Significant Unobservable Inputs The following significant unobservable input, which includes credit spreads, was used in the fair value measurement of senior asset-backed securities related to Structured Program transactions: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 6.0 % 6.0 % 6.0 % 7.0 % 7.0 % 7.0 % Fair Value Sensitivity The sensitivity in the fair value of senior asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Fair value of interests held $ 2,899,824 $ 1,176,403 Expected remaining weighted-average life (in years) 1.2 1.5 Discount rate: 100 basis point increase $ (37,315) $ (18,016) 200 basis point increase $ (74,630) $ (36,033) Fair Value Reconciliation The following table presents senior asset-backed securities related to Structured Program transactions activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 1,176,403 $ — Additions 2,558,003 1,225,796 Sales (30,114) — Cash received (823,331) (60,283) Change in unrealized gain 18,863 10,890 Fair value at end of period $ 2,899,824 $ 1,176,403 Other Asset-Backed Securities Related to Structured Program Transactions Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 7.1 % 11.0 % 7.9 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 3.4 % 7.4 % 5.0 % 4.9 % 5.9 % 5.5 % Annualized prepayment rate (1) 18.7 % 20.9 % 20.5 % 19.2 % 21.0 % 20.1 % (1) The weighted-average rate is calculated using the original principal balance of each security. Fair Value Sensitivity The sensitivity in the fair value of other asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Fair value of interests held $ 169,948 $ 73,393 Expected remaining weighted-average life (in years) 1.3 1.5 Discount rate: 100 basis point increase $ (1,909) $ (927) 200 basis point increase $ (3,783) $ (1,836) Annualized net charge-off rate: 10% increase $ (1,778) $ (882) 20% increase $ (3,567) $ (1,771) Annualized prepayment rate: 10% increase $ (432) $ (203) 20% increase $ (835) $ (430) Fair Value Reconciliation The following table presents other asset-backed securities related to Structured Program transactions activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 73,393 $ 12,469 Additions 153,690 73,516 Cash received (53,219) (12,634) Credit loss expense for securities available for sale (3,217) — Change in unrealized gain (loss) (699) 42 Fair value at end of period $ 169,948 $ 73,393 Servicing Assets Significant Unobservable Inputs The following significant unobservable inputs were used in the fair value measurement for servicing assets related to loans sold to investors: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 8.7 % 17.3 % 10.8 % 8.7 % 17.3 % 11.3 % Annualized net charge-off rate (1) 1.8 % 21.2 % 8.2 % 1.9 % 24.0 % 8.7 % Annualized prepayment rate (1) 14.8 % 27.5 % 20.0 % 15.6 % 25.7 % 20.3 % Market servicing rate (2) 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. (2) The fees a willing market participant would require for the servicing of loans with similar characteristics as those in the Company’s serviced portfolio. Fair Value Sensitivity The sensitivity of the fair value of servicing assets to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Fair value of servicing assets $ 60,697 $ 77,680 Expected remaining weighted-average life (in years) 1.2 1.2 Discount rate: 100 basis point increase $ (519) $ (675) 200 basis point increase $ (1,038) $ (1,349) Annualized net charge-off rate: 10% increase $ (551) $ (878) 20% increase $ (1,102) $ (1,756) Annualized prepayment rate: 10% increase $ (1,359) $ (1,550) 20% increase $ (2,718) $ (3,100) The Company’s selection of the most representative market servicing rates for servicing assets is inherently judgmental. The Company reviews third-party servicing rates for its loans, loans in similar credit sectors, and market servicing benchmarking analyses provided by third-party valuation firms, when available. The table below shows the impact on the estimated fair value of servicing assets, calculated using different market servicing rate assumptions: December 31, 2024 December 31, 2023 Weighted-average market servicing rate assumptions 0.62 % 0.62 % Change in fair value from: Market servicing rate increase by 0.10% $ (6,940) $ (8,719) Market servicing rate decrease by 0.10% $ 6,940 $ 8,719 Fair Value Reconciliation The following table presents servicing assets activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 77,680 $ 84,308 Issuances (1) 58,396 56,032 Change in fair value, included in Marketplace Revenue (75,359) (62,581) Other net changes (20) (79) Fair value at end of period $ 60,697 $ 77,680 (1) Represents the servicing assets recorded when the loans are sold. Included in “Gain on sales of loans” within “Marketplace revenue” on the Income Statement. Financial Instruments Not Recorded at Fair Value The following tables present the carrying amount and estimated fair values, by level within the fair value hierarchy, of the Company’s assets and liabilities that are not recorded at fair value on a recurring basis: December 31, 2024 Carrying Amount Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans and leases held for investment, net $ 3,889,084 $ — $ — $ 4,051,497 $ 4,051,497 Other assets 40,466 — 40,143 661 40,804 Total assets $ 3,929,550 $ — $ 40,143 $ 4,052,158 $ 4,092,301 Liabilities: Deposits (1) $ 2,294,214 $ — $ — $ 2,306,373 $ 2,306,373 Other liabilities 44,801 — 22,833 21,968 44,801 Total liabilities $ 2,339,015 $ — $ 22,833 $ 2,328,341 $ 2,351,174 December 31, 2023 Carrying Amount Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans and leases held for investment, net $ 4,539,915 $ — $ — $ 4,675,354 $ 4,675,354 Other assets 37,605 — 36,884 1,017 37,901 Total assets $ 4,577,520 $ — $ 36,884 $ 4,676,371 $ 4,713,255 Liabilities: Deposits (1) $ 1,714,889 $ — $ — $ 1,714,203 $ 1,714,203 Borrowings 6,398 — — 6,398 6,398 Other liabilities 59,015 — 36,823 22,192 59,015 Total liabilities $ 1,780,302 $ — $ 36,823 $ 1,742,793 $ 1,779,616 (1) Excludes deposit liabilities with no defined or contractual maturities.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities In 2023, the Company started using derivative instruments, including interest rate swaps and interest rate caps, to manage exposure to interest rate risk associated with its fixed-rate assets. In addition, the Company provides credit support agreements to a limited number of strategic investors which are accounted for as credit derivative liabilities. Derivatives Not Designated as Accounting Hedges The table below presents the notional and gross fair value amounts of the Company’s derivatives that are not designated as accounting hedges: December 31, 2024 December 31, 2023 Notional Derivative Asset (1) Derivative Liability (1) Notional Derivative Liability (1) Credit derivatives (2) $ 12,484 $ — $ (10,930) $ 7,307 $ (6,372) Interest rate caps 200,000 72 — — — Total $ 212,484 $ 72 $ (10,930) $ 7,307 $ (6,372) (1) Recorded in “ Other assets Other liabilities (2) Represent credit support agreements related to loan sales, whereby the Company is obligated to make payments to a limited number of strategic investors approximately 18 months after sale if credit losses exceed certain initial agreed-upon thresholds, subject to a maximum dollar amount. The notional amount represents the Company’s maximum dollar exposure. The fair value of the credit derivatives is based on the combined impact of both the quantitative and qualitative credit loss forecast. The table below presents the losses recognized on the Company’s derivatives that are not designated as accounting hedges: Year Ended December 31, 2024 2023 Credit derivatives (1) $ (4,558) $ (6,372) Interest rate caps (2) (394) — Total losses $ (4,952) $ (6,372) (1) The initial fair value of the credit derivative liabilities is recorded in “Gain on sales of loans” with changes in the fair value recorded in “Net fair value adjustments,” both within “Marketplace revenue” on the Income Statement. (2) Changes in the fair value of the interest rate cap are recorded in “Net fair value adjustments” within “ Marketplace revenue Derivatives Designated as Accounting Hedges The Company is exposed to changes in the fair value of its fixed-rate assets due to changes in benchmark interest rates. The Company entered into interest rate swaps to manage its exposure to changes in fair value of these assets attributable to changes in the Secured Overnight Financing Rate (SOFR). The interest rate swaps qualify as fair value hedges and involve the payment of fixed-rate amounts to a counterparty in exchange for the receipt of variable-rate payments over the life of the agreements. The table below presents the notional and gross fair value amounts of the Company’s interest rate swaps used for hedging: December 31, 2024 December 31, 2023 Notional Derivative Asset (1) Derivative Liability (1) Notional Derivative Liability (1) Unsecured personal loans $ 1,075,000 $ 1,323 $ (2,976) $ 1,500,000 $ (8,547) Securities available for sale 225,000 2,382 — — — Total interest rate swaps $ 1,300,000 $ 3,705 $ (2,976) $ 1,500,000 $ (8,547) (1) Recorded in “Other assets” or “Other liabilities,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows. The following table summarizes the gains (losses) recognized on the Company’s fair value hedges: Year Ended December 31, 2024 2023 Unsecured personal loans: Hedged item $ (7,009) $ 8,881 Derivatives used for hedging 6,894 (8,547) Interest settlement on derivative (1) 4,539 2,514 Total gain on hedged unsecured personal loans (2) 4,424 2,848 Securities available for sale: Hedged item (2,197) — Derivatives used for hedging 2,382 — Interest settlement on derivative (1) 806 — Total gain on hedged securities available for sale (3) $ 991 $ — Total gains on fair value hedges $ 5,415 $ 2,848 (1) Includes accrued interest receivable and accrued interest payable. (2) Recorded in “Interest and fees on loans and leases held for investment” on the Income Statement. (3) Recorded in “Interest on securities available for sale” on the Income Statement. The following table presents the cumulative basis adjustments for fair value hedges: December 31, 2024 December 31, 2023 Balance Sheet Line Item Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items Securities available for sale $ 2,255,848 $ (2,197) $ — $ — Loans and leases held for investment $ 1,388,222 $ 1,872 $ 3,109,854 $ 8,881 (1) Represents the total closed portfolio of assets (at amortized cost) designated in a portfolio method hedge relationship in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship. At December 31, 2024, the amortized cost of AFS securities and unsecured personal loans, designated as the hedged items in the portfolio layer hedging relationship, was $225.0 million and $1.075 billion, respectively. At December 31, 2023, the amortized cost of unsecured personal loans designated as the hedged item in the portfolio layer hedging relationship was $1.5 billion.

Property, Equipment and Softwar

Property, Equipment and Software, Net	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Equipment and Software, Net	Property, Equipment and Software, Net Property, equipment and software, net, consist of the following: December 31, 2024 2023 Software (1) $ 222,000 $ 209,260 Leasehold improvements 30,699 30,764 Computer equipment 22,216 21,654 Furniture and fixtures 5,554 5,845 Total property, equipment and software 280,469 267,523 Accumulated depreciation and amortization (112,937) (106,006) Total property, equipment and software, net $ 167,532 $ 161,517 (1) Includes $43.4 million and $66.9 million of development in progress for internally-developed software and $7.1 million and $4.6 million of development in progress to customize purchased software as of December 31, 2024 and 2023, respectively. Depreciation and amortization expense on property, equipment and software was $49.8 million, $43.0 million and $39.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company recognized impairment expense of $5.5 million on its internally-developed software for the year ended December 31, 2024. This was recorded within “Depreciation and amortization” expense on the Income Statement. No impairment was recorded for the years ended December 31, 2023 and 2022.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The Company’s Goodwill balance was $75.7 million as of both December 31, 2024 and 2023. The Company did not record any goodwill impairment expense during the years ended December 31, 2024, 2023 and 2022. Goodwill is not amortized, but is subject to annual impairment tests that are performed in the fourth quarter of each calendar year. For additional detail, see “ Note 1. Summary of Significant Accounting Policies. ” Intangible Assets Intangible assets consist of customer relationships. Intangible assets, net of accumulated amortization, are included in “Other assets” on the Balance Sheet. The gross and net carrying values and accumulated amortization were as follows: December 31, 2024 2023 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (45,914) (42,365) Net carrying value $ 8,586 $ 12,135 The customer relationship intangible assets are amortized on an accelerated basis from ten The expected future amortization expense for intangible assets as of December 31, 2024, is as follows: 2025 $ 2,901 2026 2,252 2027 1,603 2028 945 2029 568 Thereafter 317 Total $ 8,586

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consist of the following: December 31, 2024 2023 Deferred tax assets, net (1) $ 137,155 $ 151,411 Servicing assets (2) 61,020 78,401 Nonmarketable equity investments 44,114 42,891 Accrued interest receivable 40,388 35,793 Operating lease assets 21,304 26,611 Intangible assets, net (3) 8,586 12,135 Other 91,415 108,211 Total other assets $ 403,982 $ 455,453 (1) See “ Note 17. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $7.3 billion and $9.5 billion as of December 31, 2024 and 2023, respectively. (3) See “ Note 10. Goodwill and Intangible Assets ” for additional detail.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Deposits	Deposits Deposits consist of the following: December 31, 2024 2023 Interest-bearing deposits: Savings and money market accounts $ 5,903,869 $ 4,349,239 Certificates of deposit (1) 2,294,214 1,714,889 Checking accounts 478,036 937,552 Total $ 8,676,119 $ 7,001,680 Noninterest-bearing deposits 392,118 331,806 Total deposits $ 9,068,237 $ 7,333,486 (1) As of December 31, 2024 and 2023, certificates of deposit in excess of the FDIC insurance limit of $250 thousand per account holder totaled $276.0 million and $150.1 million, respectively. Total certificates of deposit at December 31, 2024 are scheduled to mature as follows: 2025 $ 1,801,144 2026 461,873 2027 19,097 2028 2,057 2029 10,043 Total certificates of deposit $ 2,294,214

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowing Capacity The following table summarizes the Company’s available borrowing capacity and the related pledged collateral: December 31, 2024 December 31, 2023 Available Borrowing Capacity Pledged Collateral Available Borrowing Capacity Pledged Collateral FRB Discount Window $ 2,635,034 $ 3,245,547 $ 2,816,501 $ 3,507,541 FHLB of Des Moines 626,117 829,885 661,337 838,511 Total $ 3,261,151 $ 4,075,432 $ 3,477,838 $ 4,346,052 Long-term Debt As of December 31, 2023, the Company had debt outstanding of $19.4 million, consisting of $10.5 million related to its Retail Program, $6.4 million for advances from Paycheck Protection Program Liquidity Facility (with pledged collateral of $6.4 million), and $2.5 million for payable on Structured Program transaction borrowings (with pledged collateral of $3.9 million). The Company did not have any debt outstanding as of December 31, 2024.

Other Liabilities

Other Liabilities	12 Months Ended
	Dec. 31, 2024
Other Liabilities [Abstract]
Other Liabilities	Other Liabilities Other liabilities consist of the following: December 31, 2024 2023 Accounts payable and accrued expenses $ 78,131 $ 54,619 Operating lease liabilities 28,502 37,869 Payable to investors (1) 22,833 36,823 Other 91,075 93,490 Total other liabilities $ 220,541 $ 222,801 (1) Represents principal and interest on loans collected by the Company and pending disbursement to investors.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss represents other cumulative gains and losses that are not reflected in earnings. The components of other comprehensive income (loss) were as follows: Year Ended December 31, 2024 Before Tax Tax Effect Net of Tax Change in net unrealized gain on securities available for sale $ 9,836 $ (3,775) $ 6,061 Other comprehensive income 9,836 (3,775) 6,061 Year Ended December 31, 2023 Before Tax Tax Effect Net of Tax Change in net unrealized gain on securities available for sale $ 10,238 $ (2,926) $ 7,312 Other comprehensive income $ 10,238 $ (2,926) $ 7,312 Year Ended December 31, 2022 Before Tax Tax Effect Net of Tax Change in net unrealized loss on securities available for sale $ (61,326) $ 16,664 $ (44,662) Other comprehensive loss $ (61,326) $ 16,664 $ (44,662) Accumulated other comprehensive loss balances were as follows: Balance at December 31, 2022 $ (37,616) Change in net unrealized gain on securities available for sale 7,312 Balance at December 31, 2023 $ (30,304) Change in net unrealized gain on securities available for sale 6,061 Balance at December 31, 2024 $ (24,243)

Employee Incentive Plans

Employee Incentive Plans	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Employee Incentive Plans	Employee Incentive Plans The Company’s equity incentive plans provide for granting awards, including RSUs, PBRSUs, cash awards and stock options to employees, officers and directors. Common Stock Reserved for Future Issuance Shares of common stock reserved for future issuance was as follows: December 31, 2024 2023 Available for future RSU, PBRSU and stock option grants 21,815,259 22,732,012 Unvested RSUs, PBRSUs and stock options outstanding 7,281,684 9,338,246 Available for ESPP 8,681,503 7,484,043 Total reserved for future issuance 37,778,446 39,554,301 Stock-based Compensation Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented: Year Ended December 31, 2024 2023 2022 RSUs $ 43,841 $ 57,213 $ 66,495 PBRSUs 3,276 4,406 7,839 Stock options — — 46 Stock-based compensation expense, gross 47,117 61,619 74,380 Less: Capitalized stock-based compensation expense 7,048 9,230 8,018 Stock-based compensation expense, net $ 40,069 $ 52,389 $ 66,362 Restricted Stock Units The following table summarizes the Company’s RSU activity: Number Weighted- Unvested at December 31, 2023 6,999,831 $ 9.42 Granted 4,319,757 $ 8.99 Vested (4,445,168) $ 9.92 Forfeited/expired (1,236,190) $ 9.10 Unvested at December 31, 2024 5,638,230 $ 8.78 During the year ended December 31, 2024, the Company granted 4,319,757 RSUs with an aggregate fair value of $38.9 million. As of December 31, 2024, there was $43.3 million of unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted-average period of approximately 1.6 years, subject to any forfeitures. Performance-based Restricted Stock Units The Company’s outstanding PBRSU awards consist of awards with a market-based metric and awards with an operating-based metric, all with a three-year performance period, following which any earned portion is immediately vested. With respect to PBRSU awards with a market-based metric, the compensation expense of the award is fixed at the time of grant (incorporating the probability of achieving the market-based metric) and expensed over the performance period. With respect to PBRSU awards with an operating-based metric, the compensation expense of the award is set at the time of grant (assuming a target level of achievement), subsequently adjusted for actual performance during the performance period and expensed over the performance/vesting period. The following table summarizes the Company’s PBRSU activity: Number Weighted- Unvested at December 31, 2023 1,469,813 $ 12.60 Granted 462,060 $ 8.59 Forfeited/expired (719,664) $ 16.64 Unvested at December 31, 2024 1,212,209 $ 8.68 During the year ended December 31, 2024, the Company granted 462,060 PBRSUs with an aggregate fair value of $4.0 million. As of December 31, 2024, there was $3.6 million of unrecognized compensation cost related to unvested PBRSUs, which is expected to be recognized over a weighted-average period of approximately 1.1 years, subject to any forfeitures. Stock Options The following table summarizes the activities for the Company’s stock options: Number of Weighted-Average Weighted-Average Aggregate Intrinsic Value (1) (in thousands) Outstanding and exercisable at December 31, 2023 868,602 $ 39.02 Exercised (4,576) $ 5.48 Forfeited/Expired (432,781) $ 32.13 Outstanding and exercisable at December 31, 2024 431,245 $ 46.29 1.0 $ — (1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the Company’s closing stock price of $16.19 as reported on the New York Stock Exchange on December 31, 2024.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax (expense) benefit consisted of the following: Year Ended December 31, 2024 2023 2022 Current: Federal $ (316) $ (3,180) $ — State (2,551) 5,060 (20,812) Total current tax (expense) benefit (2,867) 1,880 (20,812) Deferred: Federal (10,997) (11,427) 121,520 State 128 (6,131) 35,940 Total deferred (expense) benefit (10,869) (17,558) 157,460 Income tax (expense) benefit $ (13,736) $ (15,678) $ 136,648 The table below presents a reconciliation of the income tax (expense) benefit at the statutory federal income tax rate to the income tax (expense) benefit at the effective income tax rate: Year Ended December 31, 2024 2023 2022 Statutory federal tax expense $ (13,664) $ (11,470) $ (32,140) State tax, net of federal tax (expense) benefit (2,392) (903) 11,951 Stock-based compensation tax (expense) benefit (1,362) (4,392) 271 Research and development tax credits 5,931 4,600 10,907 Change in valuation allowance — — 154,081 Change in unrecognized tax benefit (1,779) (1,380) (3,438) Non-deductible expenses (1,576) (2,351) (4,737) Benefit from intraperiod tax allocation 868 — — Other 238 218 (247) Income tax (expense) benefit (1) $ (13,736) $ (15,678) $ 136,648 (1) Income tax benefit of $136.6 million for the year ended December 31, 2022 was primarily due to the release of a $175.6 million valuation allowance against the Company’s deferred tax assets, of which $143.5 million was primarily based on the Company’s reassessment of the future realizability of its deferred tax assets. The significant components of the Company’s net deferred tax assets were as follows: December 31, 2024 2023 Deferred tax assets: Net operating loss carryforwards $ 54,981 $ 60,432 Allowance for loan and lease losses 64,925 84,119 Stock-based compensation 4,849 7,399 Unrealized loss on AFS securities 9,096 12,484 Deferred compensation 9,862 6,574 Reserves and accruals 13,699 12,651 Operating lease liabilities 7,649 10,185 Goodwill 8,244 10,203 Tax credit carryforwards 31,416 27,924 Other 3,187 3,926 Gross deferred tax assets 207,908 235,897 Valuation allowance (46,325) (46,108) Total deferred tax assets $ 161,583 $ 189,789 Deferred tax liabilities: Internally developed software $ (5,280) $ (9,934) Servicing assets (1,708) (2,171) Operating lease assets (5,717) (7,157) Leases (11,283) (13,121) Other (440) (5,995) Total deferred tax liabilities $ (24,428) $ (38,378) Deferred tax assets, net $ 137,155 $ 151,411 As of December 31, 2024 and 2023, the Company maintained a valuation allowance of $46.3 million and $46.1 million, respectively, solely related to certain state net operating loss carryforwards (NOLs) and state tax credit carryforwards. The table below provides information about the Company’s NOLs and tax credit carryforwards by jurisdiction: December 31, 2024 Expiration Tax loss carryforwards (1) : Net operating loss – federal $ 64,280 Indefinite Net operating loss – state $ 494,329 2030 - 2042 Net operating loss – state $ 41,469 Indefinite Tax credit carryforwards (1) : Research and development credits – federal $ 36,802 2036 - 2044 Research and development credits – state $ 21,102 Indefinite (1) The carryforwards, net of the valuation allowance for certain states, are expected to be fully utilized prior to expiration. The table below presents a reconciliation of total unrecognized tax benefits: Year Ended December 31, 2024 2023 2022 Unrecognized tax benefits at beginning of year $ 30,062 $ 27,850 $ 22,512 Gross increase – tax positions related to prior years 671 (161) 2,488 Gross increase – tax positions related to current year 2,340 2,373 2,850 Unrecognized tax benefits at end of year $ 33,073 $ 30,062 $ 27,850 As of December 31, 2024 and 2023, $22.4 million and $19.5 million, respectively, of unrecognized tax benefits, if recognized, would impact the Company’s effective tax rate. The Company had $0.4 million accrued for the payment of interest and penalties related to unrecognized tax benefits as of December 31, 2024 and 2023. The Company does not expect any significant increases or decreases to its unrecognized benefits within the next twelve months. The Company files income tax returns in the United States and various state jurisdictions. As of December 31, 2024, the Company’s federal tax returns for 2020 and earlier, and state tax returns for 2019 and earlier were no longer subject to examination by the taxing authorities. However, tax credit carryforwards from closed periods may be subject to audit and re-examination by tax authorities when utilized in subsequent years.

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	Leases Lessor Arrangements The Company has lessor arrangements which consist of sales-type leases for equipment (Equipment Finance). Such arrangements may include options to renew or to purchase the leased equipment at the end of the lease term. For the years ended December 31, 2024, 2023 and 2022, interest earned on Equipment Finance was $5.2 million, $8.9 million and $10.2 million, respectively, and is included in “Interest and fees on loans and leases held for investment” on the Income Statement. The components of Equipment Finance assets are as follows: December 31, 2024 2023 Lease receivables $ 49,290 $ 92,546 Unguaranteed residual asset values 20,728 28,913 Unearned income (6,125) (11,072) Deferred fees 339 605 Total $ 64,232 $ 110,992 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of December 31, 2024 were as follows: 2025 $ 23,352 2026 14,078 2027 7,430 2028 4,457 2029 1,534 Thereafter — Total lease payments $ 50,851 Discount effect (1,561) Present value of future minimum lease payments $ 49,290 Lessee Arrangements The Company has various operating leases, including with respect to its headquarters in San Francisco, California, and office spaces in the Salt Lake City, Utah area, Boston, Massachusetts, and New York, New York. As of December 31, 2024, the lease agreements have remaining lease terms ranging from approximately one year to four years. Some of the lease agreements include options to extend the lease term for an additional ten Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification December 31, 2024 December 31, 2023 Operating lease assets Other assets $ 21,304 $ 26,611 Operating lease liabilities Other liabilities $ 28,502 $ 37,869 Net lease costs were $10.5 million, $12.0 million and $12.3 million during the years ended December 31, 2024, 2023 and 2022, respectively. Such costs are recorded within “Occupancy” expense on the Income Statement. Supplemental cash flow information related to the Company’s operating leases was as follows: Year Ended December 31, 2024 2023 2022 Non-cash activity: Leased assets remeasured resulting from new, amended or modified operating lease liabilities $ 1,987 $ (29,745) $ (3,650) The Company’s future minimum undiscounted lease payments under operating leases as of December 31, 2024 were as follows: Operating Lease 2025 $ 13,659 2026 7,973 2027 5,010 2028 4,046 2029 909 Thereafter — Total lease payments $ 31,597 Discount effect 3,095 Present value of future minimum lease payments $ 28,502 The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows: Lease Term and Discount Rate December 31, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 2.98 3.72 Weighted-average discount rate 4.87 % 5.04 %
Leases	Leases Lessor Arrangements The Company has lessor arrangements which consist of sales-type leases for equipment (Equipment Finance). Such arrangements may include options to renew or to purchase the leased equipment at the end of the lease term. For the years ended December 31, 2024, 2023 and 2022, interest earned on Equipment Finance was $5.2 million, $8.9 million and $10.2 million, respectively, and is included in “Interest and fees on loans and leases held for investment” on the Income Statement. The components of Equipment Finance assets are as follows: December 31, 2024 2023 Lease receivables $ 49,290 $ 92,546 Unguaranteed residual asset values 20,728 28,913 Unearned income (6,125) (11,072) Deferred fees 339 605 Total $ 64,232 $ 110,992 Future minimum lease payments based on maturity of the Company’s lessor arrangements as of December 31, 2024 were as follows: 2025 $ 23,352 2026 14,078 2027 7,430 2028 4,457 2029 1,534 Thereafter — Total lease payments $ 50,851 Discount effect (1,561) Present value of future minimum lease payments $ 49,290 Lessee Arrangements The Company has various operating leases, including with respect to its headquarters in San Francisco, California, and office spaces in the Salt Lake City, Utah area, Boston, Massachusetts, and New York, New York. As of December 31, 2024, the lease agreements have remaining lease terms ranging from approximately one year to four years. Some of the lease agreements include options to extend the lease term for an additional ten Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification December 31, 2024 December 31, 2023 Operating lease assets Other assets $ 21,304 $ 26,611 Operating lease liabilities Other liabilities $ 28,502 $ 37,869 Net lease costs were $10.5 million, $12.0 million and $12.3 million during the years ended December 31, 2024, 2023 and 2022, respectively. Such costs are recorded within “Occupancy” expense on the Income Statement. Supplemental cash flow information related to the Company’s operating leases was as follows: Year Ended December 31, 2024 2023 2022 Non-cash activity: Leased assets remeasured resulting from new, amended or modified operating lease liabilities $ 1,987 $ (29,745) $ (3,650) The Company’s future minimum undiscounted lease payments under operating leases as of December 31, 2024 were as follows: Operating Lease 2025 $ 13,659 2026 7,973 2027 5,010 2028 4,046 2029 909 Thereafter — Total lease payments $ 31,597 Discount effect 3,095 Present value of future minimum lease payments $ 28,502 The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows: Lease Term and Discount Rate December 31, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 2.98 3.72 Weighted-average discount rate 4.87 % 5.04 %

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Lease Commitments For discussion regarding the Company’s operating lease commitments, see “ Note 18. Leases. ” Loan Repurchase Obligations The Company is generally required to repurchase loans or interests therein in the event of identity theft or certain other types of fraud on the part of the borrower or education and patient service providers. The Company may also repurchase loans or interests therein in connection with certain customer accommodations. In connection with certain loan sales, the Company agreed to repurchase loans if representations and warranties made with respect to such loans were breached under certain circumstances. The Company believes such provisions are customary and consistent with institutional loan and securitization market standards. Unfunded Loan Commitments As of December 31, 2024 and 2023, the contractual amount of unfunded loan commitments was $105.0 million and $78.1 million, respectively. See “ Note 5. Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses ” for additional detail related to the reserve for unfunded lending commitments. Legal The Company is subject to various claims brought in a litigation or regulatory context. These include lawsuits and regulatory exams, investigations, or inquiries. In accordance with applicable accounting standards, the Company accrues for costs related to contingencies when a loss from such claims is probable and the amount of loss can be reasonably estimated. In determining whether a loss from a claim is probable and the loss can be reasonably estimated, the Company reviews and evaluates its litigation and regulatory matters on at least a quarterly basis in light of potentially relevant factual and legal developments. If the Company determines an unfavorable outcome is not probable or the amount of loss cannot be reasonably estimated, the Company does not accrue for a potential litigation loss. In those situations, the Company discloses an estimate or range of the reasonably possible losses, if such estimates can be made. Regulatory Examinations and Actions Relating to the Company’s Business Practices, and Compliance with Applicable Laws The Company is and has been subject to periodic inquiries, exams and enforcement actions brought by federal and state regulatory agencies relating to the Company’s business practices, and operating in compliance with applicable laws. In the past, the Company has successfully resolved such matters in a manner that was not material to its results of financial operations in any period and that did not materially limit the Company’s ability to conduct its business. However, no assurances can be given as to the timing, outcome or consequences of these matters or other similar matters if or as they arise.

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2024
Regulated Operations [Abstract]
Regulatory Requirements	Regulatory Requirements LendingClub and LC Bank are subject to comprehensive supervision, examination and enforcement, and regulation by the FRB and the Office of the Comptroller of the Currency (OCC), respectively, including generally similar capital adequacy requirements adopted by both agencies. These requirements establish required minimum ratios for Common Equity Tier 1 (CET1) risk-based capital, Tier 1 risk-based capital, total risk-based capital and a Tier 1 leverage ratio; set risk-weighting for assets and certain other items for purposes of the risk-based capital ratios; and define what qualifies as capital for purposes of meeting the capital requirements. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company. The minimum capital requirements under the Basel Committee on Banking Supervision standardized approach for U.S. banking organizations (Basel III) capital framework are: a CET1 risk-based capital ratio of 4.5%, a Tier 1 risk-based capital ratio of 6.0%, a total risk-based capital ratio of 8.0%, and a Tier 1 leverage ratio of 4.0%. Additionally, a capital conservation buffer of 2.5% must be maintained above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases, and certain discretionary bonus payments. In addition to these guidelines, the regulators assess any particular institution’s capital adequacy based on numerous factors and may require a particular banking organization to maintain capital at levels higher than the generally applicable minimums prescribed under the Basel III capital framework. The Federal Deposit Insurance Act provides for a system of “prompt corrective action” (PCA). The PCA regime provides for capitalization categories ranging from “well-capitalized” to “critically undercapitalized.” An institution’s PCA category is determined primarily by its regulatory capital ratios. The PCA requires remedial actions and imposes limitations that become increasingly stringent as its PCA capitalization category declines, including the ability to accept and/or rollover brokered deposits. At December 31, 2024 and 2023, the Company’s and LC Bank’s regulatory capital ratios exceeded the thresholds required to be regarded as “well-capitalized” institutions and met all capital adequacy requirements to which they are subject. There have been no events or conditions since December 31, 2024 that management believes would change the Company’s categorization. The following table presents the actual capital amounts and ratios of the Company and LC Bank as well as the regulatory minimum and “well-capitalized” requirements (dollars in millions): December 31, 2024 December 31, 2023 Required Minimum (1) Well-Capitalized Minimum Amount Ratio Amount Ratio LendingClub Corporation: CET1 capital (2) $ 1,188.6 17.3 % $ 1,090.2 17.9 % 7.0 % N/A Tier 1 capital $ 1,188.6 17.3 % $ 1,090.2 17.9 % 8.5 % 6.0 % Total capital $ 1,276.5 18.5 % $ 1,169.2 19.2 % 10.5 % 10.0 % Tier 1 leverage $ 1,188.6 11.0 % $ 1,090.2 12.9 % 4.0 % N/A Risk-weighted assets $ 6,887.1 N/A $ 6,104.5 N/A N/A N/A Quarterly adjusted average assets $ 10,814.0 N/A $ 8,476.1 N/A N/A N/A LendingClub Bank: CET1 capital (2) $ 1,101.4 16.1 % $ 949.4 15.8 % 7.0 % 6.5 % Tier 1 capital $ 1,101.4 16.1 % $ 949.4 15.8 % 8.5 % 8.0 % Total capital $ 1,188.5 17.4 % $ 1,027.4 17.1 % 10.5 % 10.0 % Tier 1 leverage $ 1,101.4 10.3 % $ 949.4 11.4 % 4.0 % 5.0 % Risk-weighted assets $ 6,823.1 N/A $ 6,022.2 N/A N/A N/A Quarterly adjusted average assets $ 10,696.7 N/A $ 8,337.4 N/A N/A N/A N/A – Not applicable (1) Required minimums presented for risk-based capital ratios include the required capital conservation buffer of 2.5%. (2) CET1 capital consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including the addition of the CECL transitional benefit and deductions for goodwill and other intangible assets. In response to the COVID-19 pandemic, the FRB, OCC, and FDIC adopted a final rule related to the regulatory capital treatment of the allowance for credit losses under CECL. As permitted by the rule, the Company elected to delay the estimated impact of CECL on regulatory capital resulting in a CET1 capital benefit of $35 million at December 31, 2021. This benefit was phased out over a three-year transition period that commenced on January 1, 2022 at a rate of 25% each year through January 1, 2025. Federal laws and regulations limit the dividends that a national bank may pay. Dividends that may be paid by a national bank without the express approval of the OCC are limited to that bank’s retained net profits for the preceding two calendar years plus retained net profits up to the date of any dividend declaration in the current calendar year. Retained net profits, as defined by the OCC, consist of net income less dividends declared during the period. No dividends were declared by LC Bank in 2024 or 2023. Federal law restricts the amount and the terms of both credit and non-credit transactions between a bank and its nonbank affiliates. These covered transactions may not exceed 10% of the bank’s capital and surplus (which for this purpose represents tier 1 and tier 2 capital, as calculated under the risk-based capital rules, plus the balance of the ACL excluded from tier 2 capital) with any single nonbank affiliate and 20% of the bank’s capital and surplus with all its nonbank affiliates. Covered transactions that are extensions of credit may require collateral to be pledged to provide added security to the bank.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Reportable Segments The Company defines operating segments to be components of the Company for which discrete financial information is evaluated regularly by the Chief Operating Decision Maker (CODM) to allocate resources and evaluate financial performance. The measure of segment profit used by the CODM in this evaluation is net income. The CODM consists of the Company’s Chief Executive Officer and Chief Financial Officer. This information is reviewed according to the legal organizational structure of the Company’s operations with products and services presented separately for the parent bank holding company and its wholly-owned subsidiary, LC Bank, which are both considered reportable segments. Income taxes are recorded on a separate entity basis whereby each operating segment determines income tax expense or benefit as if it filed a separate tax return. LendingClub Bank The LC Bank operating segment represents the national bank legal entity and reflects operating activities after its formation. This segment provides a full complement of financial products and solutions, including loans and deposits. It originates loans to individuals and businesses, retains loans for investment, sells loans to investors and manages relationships with deposit holders. LendingClub Corporation (Parent Only) The LendingClub Corporation (Parent only) operating segment represents the holding company legal entity and predominately reflects the operations of the Company prior to the formation of LC Bank. This activity includes, but is not limited to, servicing fee revenue on purchased servicing assets, and interest income and interest expense related to the Retail Program and Structured Program transactions entered into prior to LC Bank’s formation. Financial information for the segments is presented in the following tables: LendingClub LendingClub Total Reportable Segments Year Ended December 31, 2024 2023 2022 2024 2023 2022 2024 2023 2022 Non-interest income: Marketplace revenue $ 176,921 $ 206,381 $ 610,536 $ 36,595 $ 41,817 $ 48,231 $ 213,516 $ 248,198 $ 658,767 Other non-interest income 53,643 74,684 85,208 9,038 9,503 15,628 62,681 84,187 100,836 Total non-interest income 230,564 281,065 695,744 45,633 51,320 63,859 276,197 332,385 759,603 Interest income: Interest income 902,741 818,206 526,471 5,217 14,424 30,869 907,958 832,630 557,340 Interest expense (373,219) (266,218) (60,954) (698) (4,574) (21,561) (373,917) (270,792) (82,515) Net interest income 529,522 551,988 465,517 4,519 9,850 9,308 534,041 561,838 474,825 Total net revenue 760,086 833,053 1,161,261 50,152 61,170 73,167 810,238 894,223 1,234,428 Provision for credit losses (178,267) (243,565) (267,326) — — — (178,267) (243,565) (267,326) Non-interest expense: Compensation and benefits (225,620) (255,428) (331,627) (6,538) (6,520) (7,770) (232,158) (261,948) (339,397) Marketing (100,400) (93,840) (197,559) (2) — (188) (100,402) (93,840) (197,747) Equipment and software (51,068) (53,239) (49,004) (126) (246) (194) (51,194) (53,485) (49,198) Depreciation and amortization (50,309) (30,216) (16,489) (8,525) (16,979) (27,342) (58,834) (47,195) (43,831) Professional services (31,376) (33,963) (49,993) (669) (1,210) (523) (32,045) (35,173) (50,516) Occupancy (7,582) (7,980) (8,631) (8,216) (9,552) (13,346) (15,798) (17,532) (21,977) Other non-interest expense (54,963) (62,360) (71,001) (21,511) (24,508) (40,398) (76,474) (86,868) (111,399) Total non-interest expense (521,318) (537,026) (724,304) (45,587) (59,015) (89,761) (566,905) (596,041) (814,065) Income tax (expense) benefit (12,824) (17,881) (42,354) (912) 2,203 125,954 (13,736) (15,678) 83,600 Net income (1) $ 47,677 $ 34,581 $ 127,277 $ 3,653 $ 4,358 $ 109,360 $ 51,330 $ 38,939 $ 236,637 Capital expenditures $ 54,302 $ 59,509 $ 69,481 $ — $ — $ — $ 54,302 $ 59,509 $ 69,481 (1) Total net income from reportable segments reflects net income on a consolidated basis. Year Ended December 31, 2024 2023 2022 Total net revenue – reportable segments $ 810,238 $ 894,223 $ 1,234,428 Intercompany eliminations (23,227) (29,604) (47,212) Total net revenue – consolidated $ 787,011 $ 864,619 $ 1,187,216 Each expense item reported above represents the Company’s “significant segment expenses” as they are separately evaluated by the CODM, with the exception of “Other non-interest expense” which represents “other segment items” and encompasses various miscellaneous operating expenses. LendingClub Bank LendingClub Corporation Total Reportable Segments December 31, 2024 2023 2024 2023 2024 2023 Assets Total cash and cash equivalents $ 932,463 $ 1,230,206 $ 65,981 $ 110,273 $ 998,444 $ 1,340,479 Restricted cash — — 27,536 46,628 27,536 46,628 Securities available for sale at fair value 3,452,648 1,617,309 — 2,953 3,452,648 1,620,262 Loans held for sale at fair value 636,352 407,773 — — 636,352 407,773 Loans and leases held for investment, net 3,889,084 4,539,915 — — 3,889,084 4,539,915 Loans held for investment at fair value (1) 1,023,226 253,800 4,572 18,878 1,027,798 272,678 Property, equipment and software, net 158,995 144,439 8,537 17,078 167,532 161,517 Investment in subsidiary — — 910,544 816,703 910,544 816,703 Goodwill 75,717 75,717 — — 75,717 75,717 Other assets 300,621 341,680 121,198 131,135 421,819 472,815 Total assets 10,469,106 8,610,839 1,138,368 1,143,648 11,607,474 9,754,487 Liabilities and Equity Total deposits 9,116,821 7,426,445 — — 9,116,821 7,426,445 Borrowings (1) — 6,398 — 12,956 — 19,354 Other liabilities 177,711 154,077 60,667 86,086 238,378 240,163 Total liabilities 9,294,532 7,586,920 60,667 99,042 9,355,199 7,685,962 Total equity 1,174,574 1,023,919 1,077,701 1,044,606 2,252,275 2,068,525 Total liabilities and equity $ 10,469,106 $ 8,610,839 $ 1,138,368 $ 1,143,648 $ 11,607,474 $ 9,754,487 (1) Prior period amounts have been reclassified to conform to the current period presentation. December 31, 2024 2023 Total assets – reportable segments $ 11,607,474 $ 9,754,487 Intercompany eliminations (976,965) (927,024) Total assets – consolidated $ 10,630,509 $ 8,827,463 December 31, 2024 2023 Total liabilities and equity – reportable segments $ 11,607,474 $ 9,754,487 Intercompany eliminations – liabilities (66,421) (110,321) Intercompany eliminations – equity (910,544) (816,703) Total liabilities and equity – consolidated $ 10,630,509 $ 8,827,463 Concentration and Geographic Information No individual borrower or marketplace investor accounted for 10% or more of total net revenue for any of the periods presented. All of the Company’s revenue is generated in the United States, and all of the long-lived assets are based in the United States.

LendingClub Corporation _ Paren

LendingClub Corporation – Parent Company-Only Financial Statements	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
LendingClub Corporation – Parent Company-Only Financial Statements	LendingClub Corporation – Parent Company-Only Financial Statements The following tables present standalone condensed financial statements for LendingClub Corporation (Parent Company). These statements are provided in accordance with SEC rules, which require such disclosures when the restricted net assets of a consolidated subsidiary exceed 25% of consolidated net assets, and should be read in conjunction with the Consolidated Financial Statements and the accompanying Notes to the Consolidated Financial Statements. For purposes of these condensed financial statements, the Parent’s wholly-owned subsidiary is presented in accordance with the equity method of accounting. Statements of Income Year Ended December 31, 2024 2023 2022 Non-interest income: Marketplace revenue $ 36,595 $ 41,817 $ 48,231 Other non-interest income 9,038 9,503 15,628 Total non-interest income 45,633 51,320 63,859 Interest income: Interest on loans held for sale — — 1,390 Interest on loans held for investment at fair value (1) 1,831 6,811 21,010 Interest on securities available for sale 2,785 6,802 7,608 Other interest income 601 811 861 Total interest income 5,217 14,424 30,869 Interest expense: Other interest expense (1) 698 4,574 21,561 Total interest expense 698 4,574 21,561 Net interest income 4,519 9,850 9,308 Total net revenue 50,152 61,170 73,167 Non-interest expense: Compensation and benefits 6,538 6,520 7,770 Marketing 2 — 188 Equipment and software 126 246 194 Depreciation and amortization 8,525 16,979 27,342 Professional services 669 1,210 523 Occupancy 8,216 9,552 13,346 Other non-interest expense 21,511 24,508 40,398 Total non-interest expense 45,587 59,015 89,761 Income (Loss) before income tax (expense) benefit 4,565 2,155 (16,594) Income tax (expense) benefit (912) 2,203 125,954 Income before undistributed earnings of subsidiary 3,653 4,358 109,360 Equity in undistributed earnings of subsidiary 47,677 34,581 127,277 Net income $ 51,330 $ 38,939 $ 236,637 (1) Prior period amounts have been reclassified to conform to the current period presentation. In accordance with federal laws and regulations, dividends paid by LC Bank to the Company are subject to certain restrictions. See “ Note 20. Regulatory Requirements ” for more information. Statements of Comprehensive Income Year Ended December 31, 2024 2023 2022 Net income $ 51,330 $ 38,939 $ 236,637 Other comprehensive income (loss), net of tax: Change in net unrealized gain (loss) on securities available for sale (3,076) 6,706 (1,556) Equity in other comprehensive income (loss) of subsidiary 9,137 (1,282) (43,528) Other comprehensive income (loss), net of tax 6,061 5,424 (45,084) Total comprehensive income $ 57,391 $ 44,363 $ 191,553 Balance Sheets December 31, 2024 2023 Assets Cash and due from banks $ 52,398 $ 96,384 Interest-bearing deposits in banks 13,583 13,889 Total cash and cash equivalents 65,981 110,273 Restricted cash 27,536 46,628 Securities available for sale at fair value ($0 and $264 at amortized cost, respectively) — 2,953 Loans held for investment at fair value (1) 4,572 18,878 Property, equipment and software, net 8,537 17,078 Investment in subsidiary 1,177,745 937,987 Other assets 118,027 126,899 Total assets $ 1,402,398 $ 1,260,696 Liabilities and Equity Borrowings (1) $ — $ 12,956 Other liabilities 60,667 86,086 Total liabilities 60,667 99,042 Equity Common stock, $0.01 par value; 180,000,000 shares authorized; 113,383,917 and 110,410,602 shares issued and outstanding, respectively 1,134 1,104 Additional paid-in capital 1,702,316 1,669,828 Accumulated deficit (337,476) (468,097) Accumulated other comprehensive loss (24,243) (41,181) Total equity 1,341,731 1,161,654 Total liabilities and equity $ 1,402,398 $ 1,260,696 (1) Prior period amounts have been reclassified to conform to the current period presentation. Statements of Cash Flows Year Ended December 31, 2024 2023 2022 Cash Flows from Operating Activities: Parent company net income $ 51,330 $ 38,939 $ 236,637 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Equity in undistributed earnings of subsidiary (47,677) (34,581) (127,277) Net fair value adjustments (2,716) (2,903) (5,929) Change in fair value of loan servicing assets 40,590 50,281 33,840 Stock-based compensation, net 4,505 5,253 6,310 Depreciation and amortization 8,525 16,979 27,342 Income tax benefit from release of tax valuation allowance — — (124,975) Other, net 5 274 16 Net change to loans held for sale 1,121 5,953 31,658 Net change in operating assets and liabilities: Other assets (57,859) (32,805) 39,462 Other liabilities (26,349) (30,741) (36,480) Net cash (used for) provided by operating activities (28,525) 16,649 80,604 Cash Flows from Investing Activities: Payments for investments in and advances to subsidiary (50,000) — (50,000) Purchase of servicing asset investment (47,450) (50,576) (59,880) Proceeds from servicing asset investment 72,718 72,343 24,564 Net change in loans held for investment (1) 16,081 52,611 176,296 Proceeds from maturities and paydowns of securities available for sale 264 7,861 46,548 Other investing activities — 200 2,370 Net cash (used for) provided by investing activities (8,387) 82,439 139,898 Cash Flows from Financing Activities: Principal payments on borrowings (1) (12,804) (54,237) (244,398) Other financing activities (13,668) (19,834) (9,028) Net cash used for financing activities (26,472) (74,071) (253,426) Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (63,384) 25,017 (32,924) Cash, Cash Equivalents and Restricted Cash, Beginning of Period 156,901 131,884 164,808 Cash, Cash Equivalents and Restricted Cash, End of Period $ 93,517 $ 156,901 $ 131,884 (1) Prior period amounts have been reclassified to conform to the current period presentation . The following table presents cash, cash equivalents and restricted cash by category within the Parent Company balance sheet: December 31, 2024 December 31, 2023 Cash and cash equivalents $ 65,981 $ 110,273 Restricted cash 27,536 46,628 Total cash, cash equivalents and restricted cash $ 93,517 $ 156,901

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 51,330	$ 38,939	$ 289,685

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
	Dec. 31, 2024 shares	Dec. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Rule 10b5-1 Trading Plans To diversify his assets, Scott Sanborn, the Company’s Chief Executive Officer, entered into a sales plan in November 2024 that is intended to comply with Rule 10b5-1(c) under the Exchange Act (the Plan). The maximum number of shares that can be sold under the Plan represents 4.1% of Mr. Sanborn’s current equity interest in the Company including his unvested time-based RSUs and unearned PBRSUs at target performance. The following table shows the trading arrangements intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) adopted by the Company’s directors and executive officers during the fourth quarter of 2024: Name and Title Adoption Date Expiration Date Aggregate Number of Shares to be Sold Scott Sanborn, Chief Executive Officer and Director November 20, 2024 August 1, 2025 Up to 102,000 Jordan Cheng, General Counsel and Corporate Secretary November 1, 2024 May 9, 2025 Up to 14,000 Erin Selleck, Director October 31, 2024 June 30, 2026 See footnote 1 below (1) Ms. Selleck’s trading plan adopted on October 31, 2024, provides for the sale of 12,240 shares plus 50% of the shares she acquires upon each of the quarterly vesting events with respect to her Annual Award to be granted in 2025 pursuant the terms of the Company’s Non-Employee Director Compensation Policy.
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Jordan Cheng [Member]
Trading Arrangements, by Individual
Name	Jordan Cheng
Title	General Counsel and Corporate Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 1, 2024
Expiration Date	May 9, 2025
Arrangement Duration	189 days
Aggregate Available	14,000	14,000
Erin Selleck [Member]
Trading Arrangements, by Individual
Name	Erin Selleck
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	October 31, 2024
Expiration Date	June 30, 2026
Arrangement Duration	607 days
Aggregate Available	12,240	12,240
Scott Sanborn [Member]
Trading Arrangements, by Individual
Name	Scott Sanborn
Title	Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 20, 2024
Expiration Date	August 1, 2025
Arrangement Duration	254 days
Aggregate Available	102,000	102,000

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity represents a critical component of our overall approach to risk management. Accordingly, cybersecurity risks are subject to oversight by the Company’s Board of Directors (the Board), primary responsibility for which has been delegated by the Board to its Operational Risk Committee (the Board Operational Risk Committee). Our cybersecurity policies, processes and practices are informed by the cybersecurity framework established by the National Institute of Standards and Technology. We are able to leverage a cross-functional team that includes senior personnel from our technology, operations, legal, risk management and internal audit functions as and when warranted by the particular cybersecurity matter. In managing cybersecurity risks, we strive to: (i) identify, prevent and mitigate cybersecurity threats; (ii) preserve the confidentiality, security and availability of proprietary or confidential information; (iii) protect the Company’s intellectual property; (iv) maintain the confidence of our members, marketplace investors and business partners; and (v) provide appropriate and required disclosure of cybersecurity risks and incidents. Risk Management and Strategy Our processes for assessing, identifying, and managing material risks from cybersecurity threats are fully integrated into our enterprise risk management (ERM) program and include the following areas of focus: • Systems Safeguards: Preventing and mitigating cybersecurity threats, including through the use of firewalls, intrusion prevention and detection systems, anti-malware software, access controls and other system safeguards. • Incident Response: Identifying and responding to cybersecurity incidents in accordance with our information security incident response plan. • Collaboration: Collaborating internally and with public and private entities, including intelligence and enforcement agencies, industry groups and third-party service providers, to identify, assess and respond to cybersecurity risks. • Third-Party Risk Management: Maintaining a comprehensive, risk-based approach to identifying and overseeing cybersecurity risks presented by third parties, including vendors, service providers and other external users of our systems. • Training: Reinforcing our information security policies, processes and practices through periodic mandatory training for Company personnel. • Governance: Designing a comprehensive framework for the oversight of cybersecurity risk, with regular interaction between the Board Operational Risk Committee and the Company’s ERM function, our Chief Information Security Officer (CISO) and members of Company management and relevant management committees, including the Company’s Management Operational Risk Committee (the Management Operational Risk Committee). A key part of our strategy for managing risks from cybersecurity threats is the assessment and testing of our processes and practices through auditing, assessments, tabletop exercises, threat modeling, vulnerability scanning and other exercises focused on evaluating the effectiveness of our cybersecurity measures. We engage third parties to perform assessments on our cybersecurity measures, including information security penetration tests, audits and independent reviews of our information security control environment and operating effectiveness. The results of such assessments, audits and reviews are reported to the Board Operational Risk Committee and are used to adjust our cybersecurity policies, standards, processes and practices, as necessary.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Cybersecurity represents a critical component of our overall approach to risk management. Accordingly, cybersecurity risks are subject to oversight by the Company’s Board of Directors (the Board), primary responsibility for which has been delegated by the Board to its Operational Risk Committee (the Board Operational Risk Committee). Our cybersecurity policies, processes and practices are informed by the cybersecurity framework established by the National Institute of Standards and Technology. We are able to leverage a cross-functional team that includes senior personnel from our technology, operations, legal, risk management and internal audit functions as and when warranted by the particular cybersecurity matter. In managing cybersecurity risks, we strive to: (i) identify, prevent and mitigate cybersecurity threats; (ii) preserve the confidentiality, security and availability of proprietary or confidential information; (iii) protect the Company’s intellectual property; (iv) maintain the confidence of our members, marketplace investors and business partners; and (v) provide appropriate and required disclosure of cybersecurity risks and incidents. Risk Management and Strategy Our processes for assessing, identifying, and managing material risks from cybersecurity threats are fully integrated into our enterprise risk management (ERM) program and include the following areas of focus: • Systems Safeguards: Preventing and mitigating cybersecurity threats, including through the use of firewalls, intrusion prevention and detection systems, anti-malware software, access controls and other system safeguards. • Incident Response: Identifying and responding to cybersecurity incidents in accordance with our information security incident response plan. • Collaboration: Collaborating internally and with public and private entities, including intelligence and enforcement agencies, industry groups and third-party service providers, to identify, assess and respond to cybersecurity risks. • Third-Party Risk Management: Maintaining a comprehensive, risk-based approach to identifying and overseeing cybersecurity risks presented by third parties, including vendors, service providers and other external users of our systems. • Training: Reinforcing our information security policies, processes and practices through periodic mandatory training for Company personnel. • Governance: Designing a comprehensive framework for the oversight of cybersecurity risk, with regular interaction between the Board Operational Risk Committee and the Company’s ERM function, our Chief Information Security Officer (CISO) and members of Company management and relevant management committees, including the Company’s Management Operational Risk Committee (the Management Operational Risk Committee).
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Board Operational Risk Committee oversees the management of risks from cybersecurity threats, including policies, processes and practices implemented by Company management to address such risks. The Board Operational Risk Committee receives presentations and reports on cybersecurity risks and information regarding any cybersecurity incident that meets established reporting thresholds, as well as ongoing updates until such incident has been addressed. At least once each year, the Board Operational Risk Committee discusses the Company’s approach to cybersecurity risk management with our CISO. Further, the Board periodically, as warranted, receives reports with respect to and engages in discussions with Company management on cybersecurity matters.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our CISO is principally responsible for overseeing our cybersecurity risk management program, in partnership with other senior personnel across the Company.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our CISO works in coordination with the other members of the Company’s Management Operational Risk Committee, which includes our Chief Executive Officer, Chief Financial Officer, Chief Technology Officer, Chief Risk Officer and General Counsel. Our CISO has served in that role for over 5 years and in various roles in information technology and information security for over 20 years.
Cybersecurity Risk Role of Management [Text Block]	Our CISO is principally responsible for overseeing our cybersecurity risk management program, in partnership with other senior personnel across the Company. Our CISO works in coordination with the other members of the Company’s Management Operational Risk Committee, which includes our Chief Executive Officer, Chief Financial Officer, Chief Technology Officer, Chief Risk Officer and General Counsel. Our CISO has served in that role for over 5 years and in various roles in information technology and information security for over 20 years. Our CISO holds an undergraduate degree in computer information systems and has attained the professional certification of Certified Information Systems Security Professional. The other members of the Management Operational Risk Committee each have relevant qualifications and over 10 years of experience managing risk in the technology and/or financial services industry.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our CISO is principally responsible for overseeing our cybersecurity risk management program, in partnership with other senior personnel across the Company. Our CISO works in coordination with the other members of the Company’s Management Operational Risk Committee, which includes our Chief Executive Officer, Chief Financial Officer, Chief Technology Officer, Chief Risk Officer and General Counsel.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO has served in that role for over 5 years and in various roles in information technology and information security for over 20 years. Our CISO holds an undergraduate degree in computer information systems and has attained the professional certification of Certified Information Systems Security Professional. The other members of the Management Operational Risk Committee each have relevant qualifications and over 10 years of experience managing risk in the technology and/or financial services industry.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our CISO is principally responsible for overseeing our cybersecurity risk management program, in partnership with other senior personnel across the Company. Our CISO works in coordination with the other members of the Company’s Management Operational Risk Committee, which includes our Chief Executive Officer, Chief Financial Officer, Chief Technology Officer, Chief Risk Officer and General Counsel. Our CISO has served in that role for over 5 years and in various roles in information technology and information security for over 20 years. Our CISO holds an undergraduate degree in computer information systems and has attained the professional certification of Certified Information Systems Security Professional. The other members of the Management Operational Risk Committee each have relevant qualifications and over 10 years of experience managing risk in the technology and/or financial services industry.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation LendingClub Corporation (LendingClub) was founded in 2006 and operates a leading, nationally chartered, digital marketplace bank that leverages data and technology to increase access to credit, lower borrowing costs, and improve returns on savings. LendingClub is registered as a bank holding company and operates the vast majority of its business through its wholly-owned subsidiary, LendingClub Bank, National Association (LC Bank).
Consolidation and Consolidation of Variable Interest Entities	All intercompany balances and transactions have been eliminated in consolidation. Consolidation of Variable Interest Entities A variable interest entity (VIE) is a legal entity that has either a total equity investment that is insufficient to finance its activities without additional subordinated financial support or whose equity investors lack the characteristics of a controlling financial interest. The Company’s variable interest arises from contractual, ownership or other monetary interests in the entity, which change with fluctuations in the fair value of the entity’s net assets. A VIE is consolidated by its primary beneficiary, the party that has both the power to direct the activities that most significantly impact the VIE’s economic performance, and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. The Company consolidates a VIE when it is deemed to be the primary beneficiary. The Company assesses whether or not it is the primary beneficiary of a VIE on an ongoing basis.
Use of Estimates	These accounting principles require management to make certain estimates and assumptions that affect the amounts in the accompanying financial statements. These estimates and assumptions are inherently subjective in nature and actual results may differ from these estimates and assumptions, and the differences could be material.
Reclassification	The Company made the following presentation changes in the consolidated financial statements and accompanying notes during the year ended December 31, 2024: • Consolidated Balance Sheets (Balance Sheet) – “Retail and certificate loans held for investment at fair value” was combined within “Loans held for investment at fair value” and “Retail notes and certificates at fair value” was combined within “Borrowings”; • Consolidated Statements of Income (Income Statement) – “Interest on retail and certificate loans held for investment at fair value” was combined within “Interest on loans held for investment at fair value” and “Interest on retail notes and certificates at fair value” was combined within “Other interest expense”; and • Consolidated Statements of Cash Flows (Statement of Cash Flows) – “Net decrease in retail and certificate loans” was combined within “Net change in loans and leases” and “Principal payments on retail notes and certificates” was combined within “Principal payments on borrowings.” In all instances, the respective prior period amounts have been reclassified to conform to the current period presentation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents have original maturities of three months or less and include cash on hand, cash items in transit, and amounts due from or held with other depository institutions, primarily with the Board of Governors of the Federal Reserve System (FRB).
Restricted Cash	Restricted Cash Cash items held with other depository institutions in which the ability to withdraw funds is restricted by contractual provisions is classified as restricted cash. Such amounts primarily include cash received from borrowers on loans owned and not yet distributed to investors.
Securities	Securities Debt securities purchased and asset-backed securities retained from the sale of loans are classified as available for sale (AFS) securities. AFS securities represent investment securities with readily determinable fair values that the Company: (i) does not hold for trading purposes and (ii) does not have the positive intent and ability to hold to maturity. AFS securities are measured at fair value, with unrealized gains and losses reported in “Accumulated other comprehensive income (loss)” within the equity section of the Balance Sheet, net of any applicable income taxes. Management evaluates whether debt AFS securities with unrealized losses are impaired on a quarterly basis. For any security that has declined in fair value below its amortized cost basis, the Company recognizes an impairment loss in current period earnings if management has the intent to sell the security or if it is more likely than not it will be required to sell the security before recovery of its amortized cost basis. The assessment of impairment also considers whether the decline in fair value below the security’s amortized cost basis is attributable to credit-related factors. If credit-related factors exist, credit-related impairment has occurred regardless of the Company’s intent to hold the security until it recovers. The credit-related portion of impairment is recognized as provision for credit loss expense in earnings with a corresponding valuation allowance for AFS securities on the Balance Sheet, to the extent the allowance does not reduce the value of the security below its fair value. Equity securities that do not have readily determinable fair values are generally recorded at cost adjusted for impairment, if any. These securities include FRB stock and Federal Home Loan Bank (FHLB) stock and are reported as “Nonmarketable equity investments” in “Other assets” on the Balance Sheet.
Loans and Leases	Loans and Leases The Company initially classifies loans and leases as either held for sale (HFS) or held for investment (HFI) based on management’s assessment of its intent and ability to hold the loans and leases for the foreseeable future or until maturity. Management’s intent and ability with respect to certain loans and leases may change from time to time and, therefore, loans and leases that are initially designated as HFS or HFI may be reclassified. In order to reclassify loans to HFS, management must have the intent to sell the loans and the ability to reasonably identify the specific loans to be sold. HFI loans and leases at amortized cost HFI loans, with the exception of HFI loans accounted for under the fair value option, are measured at historical cost and reported at their outstanding principal balances net of any charge-offs, unamortized deferred fees and costs on originated loans, and for purchased loans, net of any unamortized premiums and discounts. Leases are recorded at the discounted amounts of lease payments receivable plus the estimated residual value of the leased asset, net of unearned income and unamortized deferred fees and costs. Lease payments receivable reflect contractual lease payments adjusted for renewal or termination options that the Company believes the customer is reasonably certain to exercise. Unearned income, deferred fees and costs, and discounts and premiums are accreted and amortized to interest income over the contractual life of the loan using its effective interest rate. In certain circumstances, the Company may reclassify loans and/or leases from HFI to HFS, at which time these are valued at the lower of amortized cost or fair value. HFI loans at fair value HFI loans are measured at fair value if the Company elects the fair value option. The Company may elect the fair value option for certain HFI loans, which could include loans purchased by the Company. Interest income is recorded under the effective interest method which considers any purchase premium or discounts. In addition, purchase related discounts absorb credit losses. HFS loans at fair value Loans initially classified as HFS are reported at their fair value with the Company’s election of the fair value option. Origination fees and costs for HFS loans are recognized in earnings at the time of loan origination and are not deferred. Origination fees are recognized in earnings within “Marketplace revenue” on the Income Statement. Changes in the fair value are recorded in “Net fair value adjustments” included in “ Marketplace revenue
Accrued Interest Income and Non-Accrual Policy	Accrued Interest Income and Non-Accrual Policy Interest income is accrued as earned. The accrual of interest income is discontinued, and the loan or lease is placed on nonaccrual status at 90 days past due or when reasonable doubt exists as to timely collection. Past due status is based on the contractual terms of the loan or lease. When a loan or lease is placed on nonaccrual status, all income previously accrued but not collected is reversed against the current period’s interest income. The Company has a nonaccrual policy which results in the timely reversal of past-due accrued interest, and it does not record an allowance for credit losses (ACL) on accrued interest receivable. However, we record an ACL on accrued interest receivable for past due unsecured personal loans that are less than 90 days past due. Interest collections on nonaccrual loans and leases for which the ultimate collectability of principal is uncertain are applied as principal reductions; otherwise, such collections are credited to income when received. Nonaccrual loans and leases are returned to accrual status when there no longer exists concern over collectability, the borrower has demonstrated, over time, both the intent and ability to repay and the loan or lease has been brought current and future payments are reasonably assured. For loans held for investment measured at fair value, we record interest income over the term of the underlying loans using the effective interest method which considers any purchase discount or premiums.
Allowance for Credit Losses	Allowance for Credit Losses The ACL represents management’s estimate of expected credit losses in the loan and lease portfolio, excluding loans accounted for under the fair value option. The ACL is measured based on a lifetime expected loss model, which does not require a loss event to occur before a credit loss is recognized. Under the lifetime expected credit loss model, the Company estimates the allowance based on relevant available information related to past events, current conditions, and reasonable and supportable forecasts of future economic conditions. The ACL is estimated using a discounted cash flow (DCF) approach where effective interest rates are used to calculate the net present value of expected cash flows. The effective interest rate is calculated based on the periodic interest income received from the loan’s contractual cash flows and the net investment in the loan, which includes deferred origination fees and costs, to provide a constant rate of return over the contractual loan term. The Company evaluates its estimate of expected credit losses each reporting period and records any additions or reductions to the allowance on the Income Statement as “Provision for credit losses.” Amounts determined to be uncollectible are charged-off to the allowance. Estimates of expected credit losses include expected recoveries of amounts previously charged-off and amounts expected to be charged-off. If amounts previously charged off are subsequently expected to be collected, the Company may recognize a negative allowance, which is limited to the amount that was previously charged off. Under applicable accounting guidance, for reporting purposes, the loan and lease portfolio is categorized by portfolio segment. A portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine the ACL. The Company’s two portfolio segments are consumer and commercial. The Company further disaggregates its portfolio segments into various classes of financing receivables based on their underlying risk characteristics. The classes within the consumer portfolio segment are unsecured consumer, secured consumer and residential mortgages. The classes within the commercial portfolio segment are commercial and industrial, commercial real estate, and equipment finance. The ACL is measured on a collective basis when loans share similar risk characteristics. Relevant risk characteristics for the consumer portfolio include product type, risk rating, loan term, and monthly vintage. Relevant risk characteristics for the commercial portfolio include product type and risk rating status. Loans measured on a collective basis generally have an ACL comprised of a quantitative, or modeled, component that is supplemented by a framework of qualitative factors, as discussed below. The Company will continue to monitor its loan pools on an ongoing basis and adjust accordingly as the risk characteristics of the financial assets may change over time. If a given financial asset does not share similar risk characteristics with other financial assets, the Company shall measure expected credit losses on an individual, rather than on a collective basis. Loans evaluated on an individual basis generally have an ACL that is measured in reference to any collateral securing the loan and/or expected cash flows which are specific to the borrower. Allowance Calculation Methodology The Company generally estimates expected credit losses over the contractual term of its loans. The contractual term is adjusted for estimated prepayments when appropriate. The quantitative, or modeled, component of the ACL is primarily based on statistical models that use known or estimated data as of the balance sheet date and forecasted data over the reasonable and supportable period. Known and estimated data include current probability and timing of default, loss rate and recovery exposure at default, timing and amount of estimated prepayments, timing and amount of expected draws (for unfunded lending commitments), and relevant risk characteristics. Certain of the Company’s commercial portfolios have limited internal historical loss data and use external credit loss information, including historical charge-off and balance data for peer banking institutions. The Company obtains historical and forecast macroeconomic information to inform its view of the long-term condition of the economy. Forward-looking macroeconomic factors considered in the Company’s consumer model include, unemployment rate, unemployment insurance claims, gross domestic product (GDP), housing prices, and retail sales. Forward-looking macroeconomic factors are incorporated into the Company’s commercial model for a two-year reasonable and supportable economic forecast period followed by a one-year reversion period during which expected credit losses are expected to revert back on a straight-line basis to historical losses unadjusted for economic conditions. The reasonable and supportable economic forecast period and reversion methodology are accounting estimates which may change in future periods as a result of changes to the current macroeconomic environment. The quantitative, or modeled, portion of ACL is estimated using a DCF approach. The Company’s statistical models, applied at the portfolio level to pools of loans with similar risk characteristics, produce expected cash flows, which are then discounted at the effective interest rate to derive net present value. The effective interest rate is calculated based on the periodic interest income received from the loan’s contractual cash flows and the net investment in the loan, which includes deferred origination fees and costs, to provide a constant rate of return over the contractual loan term. This net present value is then compared to the amortized cost basis to derive the initial expected credit losses. Under the DCF approach, the provision for credit losses includes credit loss expense in subsequent periods relating to the discounting effect due to the passage of time after the initial recognition of ACL on originated HFI loans at amortized cost. The Company also considers the need for qualitative adjustments to the modeled estimate of expected credit losses. For this purpose, the Company established a qualitative factor framework to periodically assess qualitative adjustments to address certain identified elements that are not directly captured by the statistically modeled expected credit loss. The Company also obtains forecast macroeconomic information to inform its view of the long- term condition of the economy. These factors may include the impact of the non-modeled macroeconomic outlook, forecast unemployment rate and insurance claims, risk rating downgrades, changes in credit policies, problem loan trends, identification of new risks not incorporated into the modeling framework, credit concentrations, changes in underwriting and other external factors. Zero Credit Loss Expectation Exception The Company has a zero loss expectation when the loans and securities available for sale, or portions thereof, are issued or guaranteed by certain U.S. government entities or agencies, as those entities or agencies have a long history of no defaults and the highest credit ratings issued by rating agencies. Loans held for investment and securities available for sale which meet this criterion do not have an ACL. Reserve for Unfunded Lending Commitments The ACL includes an estimate for expected credit losses on off-balance sheet commitments to extend credit and unused lines of credit. The Company estimates these expected credit losses for the unfunded portion of the commitments that are not unconditionally cancellable depending on the likelihood that funding will occur. The reserve for unfunded lending commitments is reported in “Other liabilities” on the Balance Sheet. Individually Assessed Loans Loans that do not share similar risk characteristics with other financial assets, including collateral-dependent loans, are individually assessed for purposes of measuring expected credit losses using the DCF approach. For loans that are determined to be collateral dependent, the ACL is determined based on the fair value of the collateral. Loans are considered collateral dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be substantially satisfied through sale or operation of the collateral. For such loans, the ACL is calculated as the difference between the amortized cost basis and the fair value of the underlying collateral less costs to sell, if applicable. Charge-Offs Charge-offs are recorded when the Company determines that a loan balance is uncollectible or a loss-confirming event has occurred. Loss confirming events usually involve the receipt of specific adverse information about the borrower and may include borrower delinquency status, bankruptcy, foreclosure, or receipt of an asset valuation indicating a shortfall between the value of the collateral and the book value of the loan when that collateral asset is the sole source of repayment. A full or partial charge-off reduces the amortized cost basis of the loan and the related ACL. Unsecured personal loans are generally charged-off when a borrower is contractually 120 days past due. Exceptions include accounts in bankruptcy or accounts of deceased borrowers which are then generally charged-off within 60 or 30 days from receipt of notification, respectively.
Servicing Assets	Servicing Assets Servicing assets are capitalized as separate assets when loans are sold and servicing is retained. The Company records servicing assets at their estimated fair values. Servicing asset fair value is based on the excess of the contractual servicing fee over an estimated market servicing rate. When servicing assets are recognized from the sale of loans originated by the Company, the fair value of the servicing asset is included as a component of the gain or loss on the loan sale and reported within “Marketplace revenue” on the Income Statement. Subsequent changes in fair value are reported within “Servicing fees” in “Marketplace revenue” during the period in which the changes occur. Servicing assets are reported in “Other assets” on the Balance Sheet.
Fair Value of Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell a financial asset or paid to transfer a financial liability in an orderly transaction between market participants at the measurement date. Fair value is based on an exit price notion that maximizes the use of observable inputs and minimizes the use of unobservable inputs. Certain of the Company’s assets and liabilities are recorded at fair value and measured on either a recurring or nonrecurring basis. Assets and liabilities that are recorded at fair value on a recurring basis require a fair value measurement at each reporting period. The fair value hierarchy includes a three-level hierarchy that assigns the highest priority to unadjusted quoted prices in active markets and the lowest priority to unobservable inputs. Level 1 — Quoted market prices in active markets for identical assets or liabilities. Level 2 — Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 — Unobservable inputs. Unobservable inputs require greater judgment in measuring fair value. In instances where there is limited or no observable market data, fair value measurements for assets and liabilities are based primarily upon the Company’s own estimates, and the measurements reflect information and assumptions that management believes a market participant would use in pricing the asset or liability.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company reports the fair value of its derivative instruments on a gross basis, as either “Other assets” or “Other liabilities” on the Balance Sheet. Changes in fair value of the derivative instruments are recognized in current period earnings. For derivative instruments that qualify as accounting hedges, the Company designates the hedging instrument based on the exposure being hedged. The Company’s existing hedging instruments are designated as fair value hedges under the portfolio layer method, whereby changes in the fair value of the hedging instrument are substantially offset by changes in the fair value of the hedged item, which are recognized within interest income on the Income Statement. Interest payments made and/or received related to these derivative instruments are presented within the “Operating activities” section on the Statements of Cash Flows. To qualify for hedge accounting, the derivatives and related hedged items must be designated as a hedge at inception of the hedge relationship. In addition, a derivative must be highly effective at reducing the risk associated with the exposure being hedged. For accounting hedge relationships, the Company formally assesses, both at the inception of the hedge and on an ongoing basis, if the derivatives are highly effective in offsetting designated changes in the fair value of the hedged item. The Company assesses effectiveness using a statistical regression analysis. Effectiveness may be assessed qualitatively where the critical terms of the derivative and hedged item match.
Property, Equipment and Software, Net	Property, Equipment and Software, net Property, equipment and software are carried at cost less accumulated depreciation and amortization. The Company uses the straight-line method of depreciation and amortization. Estimated useful lives range from three years to five years for furniture and fixtures, computer equipment, and software. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life. Internally-developed software is capitalized when preliminary development efforts are successfully completed and it is probable that the project will be completed, and the software will be used as intended. Capitalized costs consist of salaries and compensation costs for employees, fees paid to third-party consultants who are directly involved in development efforts, and costs incurred for upgrades and enhancements to add functionality of the software. Other costs are expensed as incurred. The Company evaluates impairments of its property, equipment and software whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. If the asset is not recoverable, measurement of an impairment loss is based on the fair value of the asset. When an impairment loss is recognized, the carrying amount of the asset is reduced to its estimated fair value.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill is recorded when the purchase price of an acquired business exceeds the fair value of the net assets acquired. Goodwill is assigned to the Company’s reporting units at the acquisition date according to the expected economic benefits that the acquired business will provide to the reporting unit. A reporting unit is a business operating segment or a component of a business operating segment. The Company identifies its reporting units based on how the operating segments and reporting units are managed. Accordingly, the Company allocated goodwill to the LC Bank operating segment. The goodwill of each reporting unit is tested for impairment annually or more frequently in certain circumstances. The Company’s annual impairment testing is performed in the fourth quarter of each calendar year. Impairment exists when the carrying value of goodwill exceeds its estimated fair value. Adverse changes in impairment indicators such as lower than forecast financial performance, increased competition, increased regulatory oversight, or unplanned changes in operations could result in impairment. The Company can elect to either qualitatively assess goodwill for impairment, or bypass the qualitative test and proceed directly to a quantitative test. If the Company performs a qualitative assessment of goodwill to test for impairment and concludes it is more likely than not that the estimated fair value of a reporting unit is greater than its carrying value, a quantitative test is not required. However, if we determine it is more likely than not that a reporting unit’s fair value is less than its carrying amount, a quantitative assessment is performed to determine if goodwill impairment exists. Under the quantitative impairment assessment, the fair values of the Company’s reporting units are determined using a combination of income and market-based approaches. Other intangible assets with determinable lives are recorded at their fair value upon completion of a business acquisition or certain other transactions, and generally represent the value of customer contracts or relationships. Such assets are amortized over their useful lives in a manner that best reflects their economic benefit, which may include straight-line or accelerated methods of amortization. Other intangible assets are reviewed for impairment quarterly and when events or changes in circumstances indicate that their carrying amount may not be recoverable. The Company does not have indefinite-lived intangible assets other than goodwill. Intangible assets are reported in “Other assets” on the Balance Sheet.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities in “Other liabilities” on the Balance Sheet. Associated legal expense is recorded in “Other non-interest expense” on the Income Statement. Such liabilities and associated expenses are recorded when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. The Company will also disclose a range of exposure to incremental loss when such amounts can be estimated and are reasonably possible to occur in future periods. In estimating the Company’s exposure to loss contingencies, if an amount within the estimated range of loss is the best estimate, that amount will be accrued. However, if there is no amount within the estimated range of loss that is the best estimate, the Company will accrue the minimum amount within the range, and disclose the amount up to the high end of the range as an exposure to incremental loss, if such amount is considered reasonably possible. Such estimates are based on the best information available at the time. As additional information becomes available, the Company reassesses the potential liability and records an adjustment to its estimate in the period in which the adjustment is probable and an amount or range can be reasonably estimated. The determination of an expected contingent liability and associated litigation expense requires the Company to make assumptions related to the outcome of these matters. Due to the inherent uncertainties of loss contingencies, the Company’s estimates may be different than the actual outcomes. Legal fees, including legal fees associated with loss contingencies, are recognized as incurred and included in “Professional services” expense on the Income Statement.
Stock-based Compensation	Stock-based Compensation Stock-based compensation includes expense primarily associated with restricted stock units (RSUs) and performance-based restricted stock units (PBRSUs). Stock-based compensation expense is based on the grant date fair value of the award. The cost is generally recognized over the vesting period on a straight-line basis. Forfeitures are recognized as incurred.
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes deferred tax assets to the extent that it believes these assets are more likely than not to be realized. In making such a determination, the Company considers the available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts that are more likely than not expected to be realized. If the Company determines that it is able to realize its deferred tax assets in the future in excess of the net recorded amount, the Company decreases the deferred tax asset valuation allowance, which reduces the provision for income taxes. Uncertain tax positions are recognized only when the Company believes it is more likely than not that the tax position will be upheld on examination by the taxing authorities based on the merits of the position. The Company recognizes interest and penalties, if any, related to uncertain tax positions in “Income tax (expense) benefit” on the Income Statement.
Earnings Per Share	Earnings Per Share Basic earnings per share (Basic EPS) attributable to common stockholders is computed by dividing net income attributable to LendingClub by the weighted-average number of common shares outstanding during the period. Diluted earnings per share (Diluted EPS) is computed by dividing net income attributable to LendingClub by the weighted-average number of common shares outstanding during the period, adjusted for the effects of dilutive issuances of shares of common stock, which predominantly include incremental shares issued for outstanding RSUs, PBRSUs, and stock options. PBRSUs are included in dilutive shares to the extent the pre-established performance targets have been or are estimated to be satisfied as of the reporting date. The dilutive potential common shares are computed using the treasury stock method. The effects of outstanding RSUs, PBRSUs, and stock options are excluded from the computation of Diluted EPS in periods in which the effect would be antidilutive. For periods with more than one class of common shares, the Company computes Basic and Diluted EPS using the two-class method, which is an allocation of net income among the holders of each class of common shares.
Transfers of Financial Assets	Transfers of Financial Assets The Company accounts for transfers of financial assets as sales when it has surrendered control over the transferred assets. Control is generally considered to have been surrendered when the transferred assets have been legally isolated from the Company, the transferee has the right to pledge or exchange the assets without any significant constraints, and the Company has not entered into a repurchase agreement, does not hold unconditional call options and has not written put options on the transferred assets. In assessing whether control has been surrendered, the Company considers whether the transferee would be a consolidated affiliate and the impact of all arrangements or agreements made contemporaneously with, or in contemplation of the transfer, even if they were not entered into at the time of transfer. The Company measures gain or loss on sale of financial assets as the net proceeds received on the sale less the carrying amount of the loans sold. The net proceeds of the sale represent the fair value of any assets obtained or liabilities incurred as part of the transaction, including, but not limited to servicing assets, retained securities, and recourse obligations. Transfers of financial assets that do not qualify for sale accounting would be reported as secured borrowings. Accordingly, the related assets would remain on the Company’s Balance Sheet and continue to be reported and accounted for as if the transfer had not occurred. Cash proceeds from these transfers are reported as liabilities, with related interest expense recognized over the life of the related assets.
Adoption of New Accounting Standards and New Accounting Standards Net Yet Adopted	Adoption of New Accounting Standards The Company adopted the following new accounting standards during the year ended December 31, 2024: In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures , which improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The Company adopted this ASU effective October 1, 2024, on a retrospective basis. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. New Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement (Topic 220) – Reporting Comprehensive Income – Expense Disaggregation Disclosures , which improves income statement expense disclosure requirements, primarily through disaggregated disclosures of certain expense captions into specified categories within the footnotes to the financial statements. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The amendments of this standard should be applied prospectively, with retrospective application permitted. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures , which improves income tax disclosure requirements, primarily through enhanced disclosures surrounding rate reconciliation and income taxes paid. The new standard is effective for annual periods beginning after December 15, 2024. The amendments of this standard should be applied prospectively, with retrospective application permitted. Early adoption is also permitted. The Company is evaluating the impact of this ASU but does not expect it to be material.
Revenue from Contracts with Customers	Marketplace revenue consists of (i) origination fees, (ii) servicing fees, (iii) gain on sales of loans and (iv) net fair value adjustments, as described below. Origination Fees: Origination fees are primarily fees earned related to originating and issuing unsecured personal loans that are held for sale. Servicing Fees: The Company receives servicing fees to compensate it for servicing loans on behalf of investors, including managing payments and collections from borrowers and payments to those investors. The amount of servicing fee revenue earned is predominantly affected by the servicing rates paid by investors and the outstanding principal balance of loans serviced for investors. Servicing fee revenue related to loans sold also includes the associated change in the fair value of servicing assets. Gain on Sales of Loans: In connection with loan sales, the Company recognizes a gain or loss on the sale of loans based on the level to which the contractual servicing fee is above or below an estimated market rate of servicing. Additionally, the Company recognizes transaction costs, if any, as a loss on sale of loans. Net Fair Value Adjustments:

Marketplace Revenue (Tables)

Marketplace Revenue (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Components of Marketplace Revenue	The following table presents components of marketplace revenue for the periods presented: Year Ended December 31, 2024 2023 2022 Origination fees $ 283,420 $ 279,146 $ 499,179 Servicing fees 64,933 98,613 80,609 Gain on sales of loans 49,097 47,839 95,335 Net fair value adjustments (154,659) (134,114) 8,503 Total marketplace revenue $ 242,791 $ 291,484 $ 683,626

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted EPS	The following table details the computation of the Company’s Basic and Diluted EPS: Year Ended December 31, 2024 2023 2022 Basic EPS: Net income attributable to stockholders $ 51,330 $ 38,939 $ 289,685 Weighted-average common shares – Basic 111,731,523 108,466,179 103,547,305 Basic EPS $ 0.46 $ 0.36 $ 2.80 Diluted EPS: Net income attributable to stockholders $ 51,330 $ 38,939 $ 289,685 Weighted-average common shares – Diluted 113,122,859 108,468,857 104,001,288 Diluted EPS $ 0.45 $ 0.36 $ 2.79

Securities Available for Sale (

Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of AFS Securities	The amortized cost, gross unrealized gains and losses, and fair value of AFS securities were as follows: December 31, 2024 Amortized Gross Gross Allowance for Credit Losses Fair Senior asset-backed securities related to Structured Program transactions (1) $ 2,870,071 $ 30,398 $ (645) $ — $ 2,899,824 U.S. agency residential mortgage-backed securities 270,120 48 (43,243) — 226,925 Other asset-backed securities related to Structured Program transactions (2) 174,132 — (657) (3,527) 169,948 U.S. agency securities 90,459 — (14,513) — 75,946 Mortgage-backed securities 62,882 8 (6,216) — 56,674 Other asset-backed securities 21,364 15 (587) — 20,792 Municipal securities 3,236 — (697) — 2,539 Total securities available for sale (3) $ 3,492,264 $ 30,469 $ (66,558) $ (3,527) $ 3,452,648 December 31, 2023 Amortized Gross Gross Fair Senior asset-backed securities related to Structured Program transactions $ 1,165,513 $ 10,932 $ (42) $ 1,176,403 U.S. agency residential mortgage-backed securities 261,885 208 (37,497) 224,596 U.S. agency securities 93,452 — (13,348) 80,104 Other asset-backed securities related to Structured Program transactions (2) 70,662 2,731 — 73,393 Mortgage-backed securities 42,511 — (5,435) 37,076 Other asset-backed securities 26,710 25 (634) 26,101 Municipal securities 3,257 — (668) 2,589 Total securities available for sale (3) $ 1,663,990 $ 13,896 $ (57,624) $ 1,620,262 (1) Excludes a $(2.2) million cumulative basis adjustment for securities designated in active fair value hedge relationships at December 31, 2024. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. (2) As of December 31, 2024 and 2023, $169.9 million and $70.1 million, respectively, of the other asset-backed securities related to Structured Program transactions at fair value are subject to restrictions on transfer pursuant to the Company’s obligations as a “sponsor” under the U.S. Risk Retention Rules. (3) As of December 31, 2024 and 2023, includes $373.5 million and $359.5 million, respectively, of securities pledged as collateral at fair value.
Schedule of AFS Securities with Unrealized Losses, Aggregated by Period of Continuous Unrealized Loss	A summary of AFS securities with unrealized losses, aggregated by period of continuous unrealized loss, is as follows: Less than 12 months Total December 31, 2024 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 334,564 $ (645) $ — $ — $ 334,564 $ (645) U.S. agency residential mortgage-backed securities 34,168 (782) 185,405 (42,461) 219,573 (43,243) Other asset-backed securities related to Structured Program transactions 72,251 (657) — — 72,251 (657) U.S. agency securities — — 75,946 (14,513) 75,946 (14,513) Mortgage-backed securities 21,970 (316) 32,298 (5,900) 54,268 (6,216) Other asset-backed securities 1,638 (4) 11,668 (583) 13,306 (587) Municipal securities — — 2,539 (697) 2,539 (697) Total securities with unrealized losses $ 464,591 $ (2,404) $ 307,856 $ (64,154) $ 772,447 $ (66,558) Less than 12 months Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Senior asset-backed securities related to Structured Program transactions $ 38,359 $ (42) $ — $ — $ 38,359 $ (42) U.S. agency residential mortgage-backed securities 6,497 (149) 201,426 (37,348) 207,923 (37,497) U.S. agency securities — — 80,104 (13,348) 80,104 (13,348) Mortgage-backed securities 13,973 (740) 23,103 (4,695) 37,076 (5,435) Other asset-backed securities 12,911 (50) 8,538 (584) 21,449 (634) Municipal securities — — 2,589 (668) 2,589 (668) Total securities with unrealized losses $ 71,740 $ (981) $ 315,760 $ (56,643) $ 387,500 $ (57,624)
Schedule of Activity in the Allowance for Credit Losses for AFS Securities, by Security Type	The following table presents the activity in the allowance for credit losses for AFS securities, by security type: Year Ended December 31, 2024 Other asset-backed securities related to Structured Program transactions: Allowance for credit losses, beginning of period $ — Credit loss expense for securities available for sale 3,527 Allowance for credit losses, end of period $ 3,527
Schedule of Contractual Maturities of AFS Securities	The contractual maturities of AFS securities were as follows: December 31, 2024 Amortized Cost Fair Value Weighted- average Yield (1) Due within 1 year: U.S. agency securities $ 3,000 $ 2,989 Total due within 1 year 3,000 2,989 3.50 % Due after 1 year through 5 years: Senior asset-backed securities related to Structured Program transactions 2,870,071 2,899,824 Other asset-backed securities related to Structured Program transactions 174,132 169,948 U.S. agency securities 7,850 7,620 Mortgage-backed securities 2,684 2,413 Other asset-backed securities 307 306 Municipal securities 307 274 Total due after 1 year through 5 years 3,055,351 3,080,385 7.50 % Due after 5 years through 10 years: U.S. agency securities 23,997 20,907 Other asset-backed securities 12,430 12,394 U.S. agency residential mortgage-backed securities 3,838 3,649 Mortgage-backed securities 915 765 Municipal securities 310 267 Total due after 5 years through 10 years 41,490 37,982 4.28 % Due after 10 years: U.S. agency residential mortgage-backed securities 266,282 223,276 Mortgage-backed securities 59,283 53,496 U.S. agency securities 55,612 44,430 Other asset-backed securities 8,627 8,092 Municipal securities 2,619 1,998 Total due after 10 years 392,423 331,292 2.90 % Total securities available for sale $ 3,492,264 $ 3,452,648 6.81 % (1) The weighted-average yield is computed using the average month-end amortized cost during the year ended December 31, 2024.

Loans and Leases Held for Inv_2

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Loans and Leases Held for Investment at Amortized Cost and Components of the Allowance for Loan and Lease Losses and Components of Portfolio Segment Receivables	The following table presents the components of each portfolio segment by class of financing receivable: December 31, 2024 December 31, 2023 Unsecured personal $ 3,106,472 $ 3,726,830 Residential mortgages 172,711 183,050 Secured consumer 230,232 250,039 Total consumer loans held for investment 3,509,415 4,159,919 Equipment finance (1) 64,232 110,992 Commercial real estate 373,785 380,322 Commercial and industrial 178,386 199,069 Total commercial loans and leases held for investment 616,403 690,383 Total loans and leases held for investment 4,125,818 4,850,302 Allowance for loan and lease losses (236,734) (310,387) Loans and leases held for investment, net (2) $ 3,889,084 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 18. Leases ” for additional information. (2) As of December 31, 2024 , the Company had $3.7 billion in loans pledged as collateral, comprised of $3.2 billion pledged under the FRB Discount Window and $456.4 million pledged to the FHLB of Des Moines. As of December 31, 2023, the Company had $4.0 billion in loans pledged as collateral, comprised of $3.5 billion pledged under the FRB Discount Window and $479.0 million pledged to the FHLB of Des Moines. The following table presents the components of the allowance for loan and lease losses (ALLL): December 31, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 285,686 $ 355,773 Recovery asset value (2) (48,952) (45,386) Allowance for loan and lease losses $ 236,734 $ 310,387 (1) Represents the allowance for future estimated net charge-offs on existing portfolio balances. (2) Represents the negative allowance for expected recoveries of amounts previously charged-off. December 31, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,509,415 $ 616,403 $ 4,125,818 Allowance for loan and lease losses $ 212,598 $ 24,136 $ 236,734 Allowance ratio (1) 6.1 % 3.9 % 5.7 % Gross allowance for loan and lease losses $ 261,550 $ 24,136 $ 285,686 Gross allowance ratio (1) 7.5 % 3.9 % 6.9 % December 31, 2023 Consumer Commercial Total Loans and leases held for investment $ 4,159,919 $ 690,383 $ 4,850,302 Allowance for loan and lease losses $ 298,061 $ 12,326 $ 310,387 Allowance ratio (1) 7.2 % 1.8 % 6.4 % Gross allowance for loan and lease losses $ 343,447 $ 12,326 $ 355,773 Gross allowance ratio (1) 8.3 % 1.8 % 7.3 % (1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases held for investment at amortized cost. The following table summarizes the aggregate fair value of the Company’s HFS loans, as well as the amount that was 90 days or more past due: December 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 657,984 $ 3,719 $ 431,955 $ 1,395 Cumulative fair value adjustments (21,632) (3,012) (24,182) (1,102) Fair value of loans held for sale $ 636,352 $ 707 $ 407,773 $ 293 The following table summarizes the aggregate fair value of the Company’s HFI loans held at fair value, as well as the amount that was 90 days or more past due: December 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 1,097,511 $ 14,616 $ 281,031 $ 3,774 Cumulative fair value adjustments (69,713) (11,836) (18,841) (3,037) Fair value of loans held for investment $ 1,027,798 $ 2,780 $ 262,190 $ 737
Schedule of Activity in the ACL by Portfolio Segment	The activity in the ACL by portfolio segment was as follows: Year Ended December 31, 2024 2023 2022 Consumer Commercial Total Consumer Commercial Total Consumer Commercial Total Allowance for loan and lease losses: Beginning of period $ 298,061 $ 12,326 $ 310,387 $ 312,489 $ 15,363 $ 327,852 $ 128,812 $ 15,577 $ 144,389 Credit loss expense (benefit) 160,581 14,849 175,430 244,518 (948) 243,570 265,359 1,320 266,679 Charge-offs (299,159) (4,434) (303,593) (278,105) (3,002) (281,107) (85,247) (2,226) (87,473) Recoveries 53,115 1,395 54,510 19,159 913 20,072 3,565 692 4,257 End of period $ 212,598 $ 24,136 $ 236,734 $ 298,061 $ 12,326 $ 310,387 $ 312,489 $ 15,363 $ 327,852 Reserve for unfunded lending commitments: Beginning of period $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 $ — $ 1,231 $ 1,231 Credit loss expense (benefit) — (690) (690) (18) 13 (5) 18 629 647 End of period (1) $ — $ 1,183 $ 1,183 $ — $ 1,873 $ 1,873 $ 18 $ 1,860 $ 1,878 (1) Relates to $105.0 million, $78.1 million and $138.0 million of unfunded commitments as of December 31, 2024, 2023 and 2022, respectively .
Schedule of Charge-Offs by Origination Year and Consumer Lending Credit Quality Indicators and Commercial Lending Credit Quality Indicators	The following table presents charge-offs by origination year for the year ended December 31, 2024: Gross Charge-Offs by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal (1) $ 6,796 $ 96,219 $ 147,062 $ 46,894 $ — $ — $ 296,971 Residential mortgages — — — — — — — Secured consumer 48 492 1,149 499 — — 2,188 Total consumer loans held for investment 6,844 96,711 148,211 47,393 — — 299,159 Equipment finance — — — — — — — Commercial real estate — — — — — — — Commercial and industrial 114 700 1,524 403 — 1,693 4,434 Total commercial loans and leases held for investment 114 700 1,524 403 — 1,693 4,434 Total loans and leases held for investment $ 6,958 $ 97,411 $ 149,735 $ 47,796 $ — $ 1,693 $ 303,593 (1) Unsecured personal loans are generally charged-off when a borrower is contractually 120 days past due. December 31, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Unsecured personal Current $ 1,347,685 $ 787,936 $ 762,223 $ 142,546 $ — $ — $ 3,040,390 30-59 days past due 4,981 7,344 8,952 2,253 — — 23,530 60-89 days past due 2,448 6,933 7,920 1,992 — — 19,293 90 or more days past due 2,364 7,920 8,853 2,250 — — 21,387 Total unsecured personal (1) 1,357,478 810,133 787,948 149,041 — — 3,104,600 Residential mortgages Current — — 45,828 52,679 28,176 45,789 172,472 30-59 days past due — — — — — 151 151 60-89 days past due — — — — — 88 88 90 or more days past due — — — — — — — Total residential mortgages — — 45,828 52,679 28,176 46,028 172,711 Secured consumer Current 79,161 78,081 56,766 10,573 — 2,372 226,953 30-59 days past due 98 824 1,199 221 — — 2,342 60-89 days past due 11 147 338 104 — — 600 90 or more days past due 36 157 99 45 — — 337 Total secured consumer 79,306 79,209 58,402 10,943 — 2,372 230,232 Total consumer loans held for investment $ 1,436,784 $ 889,342 $ 892,178 $ 212,663 $ 28,176 $ 48,400 $ 3,507,543 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2024, the basis adjustment totaled $1.9 million and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Unsecured personal Current $ 1,498,737 $ 1,688,512 $ 438,296 $ — $ — $ — $ 3,625,545 30-59 days past due 9,034 17,017 6,665 — — — 32,716 60-89 days past due 7,767 15,538 6,251 — — — 29,556 90 or more days past due 6,924 16,564 6,644 — — — 30,132 Total unsecured personal (1) 1,522,462 1,737,631 457,856 — — — 3,717,949 Residential mortgages Current 53 48,473 54,855 29,960 18,917 29,041 181,299 30-59 days past due — — — — 1,331 420 1,751 60-89 days past due — — — — — — — 90 or more days past due — — — — — — — Total residential mortgages 53 48,473 54,855 29,960 20,248 29,461 183,050 Secured consumer Current 125,618 97,084 21,949 — 2,460 — 247,111 30-59 days past due 364 1,295 417 — — — 2,076 60-89 days past due 94 373 168 — — — 635 90 or more days past due — 153 64 — — — 217 Total secured consumer 126,076 98,905 22,598 — 2,460 — 250,039 Total consumer loans held for investment $ 1,648,591 $ 1,885,009 $ 535,309 $ 29,960 $ 22,708 $ 29,461 $ 4,151,038 (1) Excludes cumulative basis adjustment for loans designated in fair value hedges under the portfolio layer method. As of December 31, 2023, the basis adjustment totaled $8.9 million and represents an increase to the amortized cost of the hedged loans. See “ Note 8. Derivative Instruments and Hedging Activities ” for additional information. The following tables present the classes of financing receivables within the commercial portfolio segment by risk rating and origination year: December 31, 2024 Term Loans and Leases by Origination Year 2024 2023 2022 2021 2020 Prior Total Guaranteed Amount (1) Equipment finance Pass $ — $ 1,519 $ 32,544 $ 7,790 $ 9,101 $ 6,643 $ 57,597 $ — Special mention — — 335 602 — — 937 — Substandard — — 776 4,922 — — 5,698 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance — 1,519 33,655 13,314 9,101 6,643 64,232 — Commercial real estate Pass 22,847 67,692 89,903 21,174 27,947 106,060 335,623 31,499 Special mention — — — — 252 6,276 6,528 — Substandard — — 2,430 8,441 7,987 10,791 29,649 8,940 Doubtful — — — — — — — — Loss — — 1,121 271 — 593 1,985 1,543 Total commercial real estate 22,847 67,692 93,454 29,886 36,186 123,720 373,785 41,982 Commercial and industrial Pass 28,030 29,186 31,697 27,474 5,503 12,678 134,568 85,269 Special mention 635 — 5,165 2,652 76 — 8,528 7,065 Substandard — 4,071 13,110 2,311 1,399 1,670 22,561 14,879 Doubtful — — 3,279 1,477 506 285 5,547 4,671 Loss 282 2,094 4,224 568 — 14 7,182 7,182 Total commercial and industrial 28,947 35,351 57,475 34,482 7,484 14,647 178,386 119,066 Total commercial loans and leases held for investment $ 51,794 $ 104,562 $ 184,584 $ 77,682 $ 52,771 $ 145,010 $ 616,403 $ 161,048 (1) Represents loan balances guaranteed by the Small Business Association (SBA). December 31, 2023 Term Loans and Leases by Origination Year 2023 2022 2021 2020 2019 Prior Total Guaranteed Amount (1) Equipment finance Pass $ 2,945 $ 33,430 $ 26,311 $ 7,754 $ 9,411 $ 6,288 $ 86,139 $ — Special mention — 15,235 1,962 5,873 1,335 — 24,405 — Substandard — — — 448 — — 448 — Doubtful — — — — — — — — Loss — — — — — — — — Total equipment finance 2,945 48,665 28,273 14,075 10,746 6,288 110,992 — Commercial real estate Pass 49,067 94,247 34,535 43,058 52,160 78,062 351,129 33,423 Special mention — — — — — 13,706 13,706 — Substandard — 3,598 7,716 — — 2,139 13,453 9,425 Doubtful — — — — — — — — Loss — — 1,515 — — 519 2,034 1,471 Total commercial real estate 49,067 97,845 43,766 43,058 52,160 94,426 380,322 44,319 Commercial and industrial Pass 40,636 60,352 39,304 9,525 10,282 11,626 171,725 104,928 Special mention — 10,881 1,532 729 137 444 13,723 9,384 Substandard — 2,304 5,426 673 1,045 1,434 10,882 6,908 Doubtful — 649 — 548 — 286 1,483 1,214 Loss — — — — — 1,256 1,256 1,229 Total commercial and industrial 40,636 74,186 46,262 11,475 11,464 15,046 199,069 123,663 Total commercial loans and leases held for investment $ 92,648 $ 220,696 $ 118,301 $ 68,608 $ 74,370 $ 115,760 $ 690,383 $ 167,982 (1)
Schedule of Analysis of the Past Due Loans and Leases HFI at Amortized Cost and Nonaccrual Loans and Leases	The following tables present an analysis of the past due loans and leases HFI at amortized cost within the commercial portfolio segment: December 31, 2024 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 67 $ — $ 4,551 $ 4,618 $ — Commercial real estate 8,320 483 9,731 18,534 8,456 Commercial and industrial 6,257 1,182 15,971 23,410 18,512 Total commercial loans and leases held for investment $ 14,644 $ 1,665 $ 30,253 $ 46,562 $ 26,968 December 31, 2023 30-59 60-89 90 or More Total Days Past Due Guaranteed Amount (1) Equipment finance $ 1,265 $ — $ — $ 1,265 $ — Commercial real estate — 3,566 1,618 5,184 4,047 Commercial and industrial 12,261 1,632 1,515 15,408 11,260 Total commercial loans and leases held for investment $ 13,526 $ 5,198 $ 3,133 $ 21,857 $ 15,307 (1) Represents loan balances guaranteed by the SBA. The following table presents nonaccrual loans and leases: Year Ended December 31, 2024 2023 Nonaccrual Nonaccrual with no related ACL (1) Nonaccrual Nonaccrual with no related ACL (1) Unsecured personal $ 21,387 $ — $ 30,132 $ — Residential mortgages 295 295 312 312 Secured consumer 337 — 217 — Total nonaccrual consumer loans held for investment 22,019 295 30,661 312 Equipment finance 4,516 — — — Commercial real estate 18,280 5,345 9,663 2,187 Commercial and industrial 27,489 7,501 4,058 1,590 Total nonaccrual commercial loans and leases held for investment (2) 50,285 12,846 13,721 3,777 Total nonaccrual loans and leases held for investment $ 72,304 $ 13,141 $ 44,382 $ 4,089 (1) Subset of total nonaccrual loans and leases. (2) Includes $31.2 million and $10.4 million in loan balances guaranteed by the SBA as of December 31, 2024 and 2023, respectively. Year Ended December 31, 2024 2023 Nonaccrual Nonaccrual Ratios (1) Nonaccrual Nonaccrual Ratios (1) Total nonaccrual consumer loans held for investment $ 22,019 0.6 % $ 30,661 0.7 % Total nonaccrual commercial loans and leases held for investment 50,285 8.2 % 13,721 2.0 % Total nonaccrual loans and leases held for investment $ 72,304 1.8 % $ 44,382 0.9 % (1) Calculated as the ratio of non-accruing loans and leases to loans and leases HFI at amortized cost.
Schedule of Loan Modifications and Amortized Cost of Loan Modifications	The table below presents the amortized cost of loans that were modified during the periods presented, by modification type: Year Ended December 31, 2024 2023 Short-term payment reduction $ 26,421 $ 4,867 Permanent loan modification 5,874 3,659 Debt settlement 5,631 7,350 Total loan modifications – unsecured personal loans $ 37,926 $ 15,876 % of unsecured personal loans at amortized cost as of period end 1.2 % 0.4 % The following table presents the delinquency status of the amortized cost of loan modifications as of the periods presented below that were modified during the preceding twelve months: December 31, 2024 December 31, 2023 Short-term Payment Reduction Permanent Loan Modification Debt Settlement Short-term Payment Reduction Permanent Loan Modification Debt Settlement Unsecured personal loans Current $ 21,471 $ 5,285 $ 43 $ 4,533 $ 3,208 $ 70 30-59 days 1,851 247 19 149 199 85 60-89 days 1,462 159 811 105 67 669 90 or more days 1,637 183 4,758 80 185 6,526 Total loan modifications $ 26,421 $ 5,874 $ 5,631 $ 4,867 $ 3,659 $ 7,350
Schedule of Total Amount of Charge-Offs for Loan Modifications	The table below presents the total amount of charge-offs during the period for loan modifications that were entered into within the preceding twelve months of charge-off: Year Ended December 31, 2024 2023 Short-term payment reduction $ 7,945 $ 224 Permanent loan modification 2,136 308 Debt settlement 72,845 53,111 Total loan modifications – unsecured personal loans $ 82,926 $ 53,643

Securitizations and Variable _2

Securitizations and Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2024
Transfers and Servicing [Abstract]
Schedule of VIE Assets and Liabilities and Unconsolidated VIEs	The following table presents the classifications of assets and liabilities on the Company’s Balance Sheet for its transactions with VIEs, which include Structured Program transactions. The Company also has various forms of involvement with VIEs, including servicing loans and holding senior asset-backed securities or subordinated interests in the VIEs. Additionally, the carrying amount of assets and liabilities in the table below excludes intercompany balances that were eliminated in consolidation. December 31, 2024 December 31, 2023 Consolidated Unconsolidated Total Consolidated Unconsolidated Total Assets Restricted cash $ — $ — $ — $ 3,454 $ — $ 3,454 Securities available for sale at fair value — 3,069,771 3,069,771 — 1,249,796 1,249,796 Loans held for investment at fair value (1) — — — 970 — 970 Other assets — 46,269 46,269 14 31,531 31,545 Total assets $ — $ 3,116,040 $ 3,116,040 $ 4,438 $ 1,281,327 $ 1,285,765 Liabilities Borrowings (1) — — — 2,888 — 2,888 Other liabilities — 6,313 6,313 4 3,301 3,305 Total liabilities $ — $ 6,313 $ 6,313 $ 2,892 $ 3,301 $ 6,193 Total net assets (maximum loss exposure) $ — $ 3,109,727 $ 3,109,727 $ 1,546 $ 1,278,026 $ 1,279,572 (1) Prior period amounts have been reclassified to conform to the current period presentation. The following table summarizes activity related to unconsolidated VIEs where the transfers were accounted for as a sale on the Company’s financial statements: December 31, 2024 2023 2022 Fair value of consideration received: Cash $ 394,205 $ 172,397 $ 5,320 Net securities retained from Structured Program transactions 2,711,693 1,299,313 2,180 Other assets (liabilities), net 35,877 16,740 (3,794) Total consideration 3,141,775 1,488,450 3,706 Fair value of loans sold (3,079,628) (1,474,077) (39,519) Sale of senior securities related to Structured Program transactions (30,000) — — Deconsolidation of debt 880 — 36,072 Principal derecognized from loans securitized or sold (737) — — Gain on sales of loans and securities (1) $ 32,290 $ 14,373 $ 259 Cash proceeds from continuing involvement: Servicing and other administrative fees $ 27,047 $ 5,475 $ 8,618 Interest received on securities retained from Structured Program transactions $ 164,807 $ 22,786 $ 7,285 (1) Consists primarily of servicing assets recognized at the time of sale, less any transaction costs, and excludes origination fees and fair value adjustments recognized prior to the sale. Prior period amounts have been reclassified to conform to the current period presentation.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present, by level within the fair value hierarchy, the Company’s assets and liabilities measured at fair value on a recurring basis: December 31, 2024 Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans held for sale at fair value $ — $ — $ 636,352 $ 636,352 Loans held for investment at fair value — — 1,027,798 1,027,798 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 2,899,824 2,899,824 U.S. agency residential mortgage-backed securities — 226,925 — 226,925 Other asset-backed securities related to Structured Program transactions — — 169,948 169,948 U.S. agency securities — 75,946 — 75,946 Mortgage-backed securities — 56,674 — 56,674 Other asset-backed securities — 20,792 — 20,792 Municipal securities — 2,539 — 2,539 Total securities available for sale — 382,876 3,069,772 3,452,648 Servicing assets — — 60,697 60,697 Other assets — 5,820 — 5,820 Total assets $ — $ 388,696 $ 4,794,619 $ 5,183,315 Liabilities: Other liabilities $ — $ 5,019 $ 11,799 $ 16,818 Total liabilities $ — $ 5,019 $ 11,799 $ 16,818 December 31, 2023 Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans held for sale at fair value $ — $ — $ 407,773 $ 407,773 Loans held for investment at fair value (1) — — 272,678 272,678 Securities available for sale: Senior asset-backed securities related to Structured Program transactions — — 1,176,403 1,176,403 U.S. agency residential mortgage-backed securities — 224,596 — 224,596 U.S. agency securities — 80,104 — 80,104 Other asset-backed securities related to Structured Program transactions — — 73,393 73,393 Mortgage-backed securities — 37,076 — 37,076 Other asset-backed securities — 26,101 — 26,101 Municipal securities — 2,589 — 2,589 Total securities available for sale — 370,466 1,249,796 1,620,262 Servicing assets — — 77,680 77,680 Other assets — 3,525 — 3,525 Total assets $ — $ 373,991 $ 2,007,927 $ 2,381,918 Liabilities: Borrowings (1) $ — $ — $ 12,956 $ 12,956 Other liabilities — 12,072 7,655 19,727 Total liabilities $ — $ 12,072 $ 20,611 $ 32,683 (1) Prior period amounts have been reclassified to conform to the current period presentation.
Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Loans HFS, Loans HFI, Senior Asset-Backed Securities, Other Asset-Backed Securities and Servicing Assets	The following significant unobservable inputs were used in the fair value measurement of loans HFS: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 7.1 % 11.9 % 7.9 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 1.8 % 21.2 % 5.4 % 2.7 % 12.9 % 6.5 % Annualized prepayment rate (1) 15.0 % 27.6 % 20.4 % 15.7 % 22.5 % 19.9 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. The following significant unobservable inputs were used in the fair value measurement of loans HFI: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 7.2 % 21.8 % 10.5 % 8.4 % 16.2 % 12.8 % Annualized net charge-off rate (1) 3.0 % 20.2 % 6.6 % 1.9 % 5.9 % 3.7 % Annualized prepayment rate (1) 15.6 % 21.4 % 19.3 % 18.6 % 27.7 % 22.6 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. The following significant unobservable input, which includes credit spreads, was used in the fair value measurement of senior asset-backed securities related to Structured Program transactions: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 6.0 % 6.0 % 6.0 % 7.0 % 7.0 % 7.0 % The following significant unobservable inputs were used in the fair value measurement of other asset-backed securities related to Structured Program transactions: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 7.1 % 11.0 % 7.9 % 8.1 % 10.3 % 9.0 % Annualized net charge-off rate (1) 3.4 % 7.4 % 5.0 % 4.9 % 5.9 % 5.5 % Annualized prepayment rate (1) 18.7 % 20.9 % 20.5 % 19.2 % 21.0 % 20.1 % (1) The weighted-average rate is calculated using the original principal balance of each security. The following significant unobservable inputs were used in the fair value measurement for servicing assets related to loans sold to investors: December 31, 2024 December 31, 2023 Minimum Maximum Weighted-Average Minimum Maximum Weighted-Average Discount rate 8.7 % 17.3 % 10.8 % 8.7 % 17.3 % 11.3 % Annualized net charge-off rate (1) 1.8 % 21.2 % 8.2 % 1.9 % 24.0 % 8.7 % Annualized prepayment rate (1) 14.8 % 27.5 % 20.0 % 15.6 % 25.7 % 20.3 % Market servicing rate (2) 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % 0.62 % (1) The weighted-average rate is calculated using the original principal balance of each loan pool. (2) The fees a willing market participant would require for the servicing of loans with similar characteristics as those in the Company’s serviced portfolio.
Schedule of Sensitivity of Loans HFS and Loans HFI at Fair Value to Adverse Changes in Key Assumptions	The sensitivity of loans HFS at fair value to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Loans held for sale at fair value $ 636,352 $ 407,773 Expected remaining weighted-average life (in years) 1.4 1.5 Discount rate: 100 basis point increase $ (7,663) $ (5,093) 200 basis point increase $ (15,174) $ (10,051) Annualized net charge-off rate: 10% increase $ (6,436) $ (5,102) 20% increase $ (12,937) $ (10,184) Annualized prepayment rate: 10% increase $ (1,274) $ (851) 20% increase $ (2,444) $ (1,628) The sensitivity of loans HFI at fair value to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Loans held for investment at fair value $ 1,027,798 $ 262,190 Expected remaining weighted-average life (in years) 0.9 0.9 Discount rate: 100 basis point increase $ (7,832) $ (1,957) 200 basis point increase $ (15,557) $ (3,888) Annualized net charge-off rate: 10% increase $ (11,821) $ (1,753) 20% increase $ (25,428) $ (3,595) Annualized prepayment rate: 10% increase $ (4,813) $ (857) 20% increase $ (9,854) $ (1,675)
Schedule of Loans HFS, Loans HFI, Senior Asset-Backed Securities, Other Asset-Backed Securities and Servicing Assets at Fair Value Activity	The following table presents loans HFS at fair value activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 407,773 $ 110,400 Originations and purchases 5,194,160 4,942,457 Sales (4,576,779) (4,634,155) Principal payments (231,624) (70,350) Transfers from loans held for investment — 195,106 Realized charge-offs, net of recoveries, recorded in earnings (20,336) (13,597) Fair value adjustments recorded in earnings (136,842) (122,088) Fair value at end of period $ 636,352 $ 407,773 The following table presents loans HFI at fair value activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 262,190 $ 925,938 Purchases 1,396,223 4,243 Principal payments (618,472) (485,043) Transfers to loans held for sale — (195,106) Interest income accretion and fair value adjustments recorded in earnings (12,143) 12,158 Fair value at end of period $ 1,027,798 $ 262,190 The following table presents senior asset-backed securities related to Structured Program transactions activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 1,176,403 $ — Additions 2,558,003 1,225,796 Sales (30,114) — Cash received (823,331) (60,283) Change in unrealized gain 18,863 10,890 Fair value at end of period $ 2,899,824 $ 1,176,403 The following table presents other asset-backed securities related to Structured Program transactions activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 73,393 $ 12,469 Additions 153,690 73,516 Cash received (53,219) (12,634) Credit loss expense for securities available for sale (3,217) — Change in unrealized gain (loss) (699) 42 Fair value at end of period $ 169,948 $ 73,393 The following table presents servicing assets activity: Year Ended December 31, 2024 2023 Fair value at beginning of period $ 77,680 $ 84,308 Issuances (1) 58,396 56,032 Change in fair value, included in Marketplace Revenue (75,359) (62,581) Other net changes (20) (79) Fair value at end of period $ 60,697 $ 77,680 (1) Represents the servicing assets recorded when the loans are sold. Included in “Gain on sales of loans” within “Marketplace revenue” on the Income Statement.
Schedule of Aggregate Fair Value of HFS Loans and HFI Loans	The following table presents the components of each portfolio segment by class of financing receivable: December 31, 2024 December 31, 2023 Unsecured personal $ 3,106,472 $ 3,726,830 Residential mortgages 172,711 183,050 Secured consumer 230,232 250,039 Total consumer loans held for investment 3,509,415 4,159,919 Equipment finance (1) 64,232 110,992 Commercial real estate 373,785 380,322 Commercial and industrial 178,386 199,069 Total commercial loans and leases held for investment 616,403 690,383 Total loans and leases held for investment 4,125,818 4,850,302 Allowance for loan and lease losses (236,734) (310,387) Loans and leases held for investment, net (2) $ 3,889,084 $ 4,539,915 (1) Comprised of sales-type leases for equipment. See “ Note 18. Leases ” for additional information. (2) As of December 31, 2024 , the Company had $3.7 billion in loans pledged as collateral, comprised of $3.2 billion pledged under the FRB Discount Window and $456.4 million pledged to the FHLB of Des Moines. As of December 31, 2023, the Company had $4.0 billion in loans pledged as collateral, comprised of $3.5 billion pledged under the FRB Discount Window and $479.0 million pledged to the FHLB of Des Moines. The following table presents the components of the allowance for loan and lease losses (ALLL): December 31, 2024 December 31, 2023 Gross allowance for loan and lease losses (1) $ 285,686 $ 355,773 Recovery asset value (2) (48,952) (45,386) Allowance for loan and lease losses $ 236,734 $ 310,387 (1) Represents the allowance for future estimated net charge-offs on existing portfolio balances. (2) Represents the negative allowance for expected recoveries of amounts previously charged-off. December 31, 2024 Consumer Commercial Total Loans and leases held for investment $ 3,509,415 $ 616,403 $ 4,125,818 Allowance for loan and lease losses $ 212,598 $ 24,136 $ 236,734 Allowance ratio (1) 6.1 % 3.9 % 5.7 % Gross allowance for loan and lease losses $ 261,550 $ 24,136 $ 285,686 Gross allowance ratio (1) 7.5 % 3.9 % 6.9 % December 31, 2023 Consumer Commercial Total Loans and leases held for investment $ 4,159,919 $ 690,383 $ 4,850,302 Allowance for loan and lease losses $ 298,061 $ 12,326 $ 310,387 Allowance ratio (1) 7.2 % 1.8 % 6.4 % Gross allowance for loan and lease losses $ 343,447 $ 12,326 $ 355,773 Gross allowance ratio (1) 8.3 % 1.8 % 7.3 % (1) Calculated as ALLL or gross ALLL, where applicable, to the corresponding portfolio segment balance of loans and leases held for investment at amortized cost. The following table summarizes the aggregate fair value of the Company’s HFS loans, as well as the amount that was 90 days or more past due: December 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 657,984 $ 3,719 $ 431,955 $ 1,395 Cumulative fair value adjustments (21,632) (3,012) (24,182) (1,102) Fair value of loans held for sale $ 636,352 $ 707 $ 407,773 $ 293 The following table summarizes the aggregate fair value of the Company’s HFI loans held at fair value, as well as the amount that was 90 days or more past due: December 31, 2024 December 31, 2023 Total 90 or more Total 90 or more Aggregate unpaid principal balance $ 1,097,511 $ 14,616 $ 281,031 $ 3,774 Cumulative fair value adjustments (69,713) (11,836) (18,841) (3,037) Fair value of loans held for investment $ 1,027,798 $ 2,780 $ 262,190 $ 737
Schedule of Sensitivity in the Fair Value of Senior Asset-Backed Securities and Other Asset-Backed Securities to Adverse Changes in Key Assumptions	The sensitivity in the fair value of senior asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Fair value of interests held $ 2,899,824 $ 1,176,403 Expected remaining weighted-average life (in years) 1.2 1.5 Discount rate: 100 basis point increase $ (37,315) $ (18,016) 200 basis point increase $ (74,630) $ (36,033) The sensitivity in the fair value of other asset-backed securities related to Structured Program transactions to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Fair value of interests held $ 169,948 $ 73,393 Expected remaining weighted-average life (in years) 1.3 1.5 Discount rate: 100 basis point increase $ (1,909) $ (927) 200 basis point increase $ (3,783) $ (1,836) Annualized net charge-off rate: 10% increase $ (1,778) $ (882) 20% increase $ (3,567) $ (1,771) Annualized prepayment rate: 10% increase $ (432) $ (203) 20% increase $ (835) $ (430)
Schedule of Sensitivity in the Fair Value of Servicing Assets to Adverse Changes in Key Assumptions	The sensitivity of the fair value of servicing assets to adverse changes in key assumptions was as follows: December 31, 2024 December 31, 2023 Fair value of servicing assets $ 60,697 $ 77,680 Expected remaining weighted-average life (in years) 1.2 1.2 Discount rate: 100 basis point increase $ (519) $ (675) 200 basis point increase $ (1,038) $ (1,349) Annualized net charge-off rate: 10% increase $ (551) $ (878) 20% increase $ (1,102) $ (1,756) Annualized prepayment rate: 10% increase $ (1,359) $ (1,550) 20% increase $ (2,718) $ (3,100)
Schedule of Estimated Fair Value of Servicing Assets	The table below shows the impact on the estimated fair value of servicing assets, calculated using different market servicing rate assumptions: December 31, 2024 December 31, 2023 Weighted-average market servicing rate assumptions 0.62 % 0.62 % Change in fair value from: Market servicing rate increase by 0.10% $ (6,940) $ (8,719) Market servicing rate decrease by 0.10% $ 6,940 $ 8,719
Schedule of Financial Instruments Not Recorded at Fair Value	The following tables present the carrying amount and estimated fair values, by level within the fair value hierarchy, of the Company’s assets and liabilities that are not recorded at fair value on a recurring basis: December 31, 2024 Carrying Amount Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans and leases held for investment, net $ 3,889,084 $ — $ — $ 4,051,497 $ 4,051,497 Other assets 40,466 — 40,143 661 40,804 Total assets $ 3,929,550 $ — $ 40,143 $ 4,052,158 $ 4,092,301 Liabilities: Deposits (1) $ 2,294,214 $ — $ — $ 2,306,373 $ 2,306,373 Other liabilities 44,801 — 22,833 21,968 44,801 Total liabilities $ 2,339,015 $ — $ 22,833 $ 2,328,341 $ 2,351,174 December 31, 2023 Carrying Amount Level 1 Level 2 Level 3 Balance at Fair Value Assets: Loans and leases held for investment, net $ 4,539,915 $ — $ — $ 4,675,354 $ 4,675,354 Other assets 37,605 — 36,884 1,017 37,901 Total assets $ 4,577,520 $ — $ 36,884 $ 4,676,371 $ 4,713,255 Liabilities: Deposits (1) $ 1,714,889 $ — $ — $ 1,714,203 $ 1,714,203 Borrowings 6,398 — — 6,398 6,398 Other liabilities 59,015 — 36,823 22,192 59,015 Total liabilities $ 1,780,302 $ — $ 36,823 $ 1,742,793 $ 1,779,616 (1) Excludes deposit liabilities with no defined or contractual maturities.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional and Gross Fair Value Amounts of Derivatives Not Designated	The table below presents the notional and gross fair value amounts of the Company’s derivatives that are not designated as accounting hedges: December 31, 2024 December 31, 2023 Notional Derivative Asset (1) Derivative Liability (1) Notional Derivative Liability (1) Credit derivatives (2) $ 12,484 $ — $ (10,930) $ 7,307 $ (6,372) Interest rate caps 200,000 72 — — — Total $ 212,484 $ 72 $ (10,930) $ 7,307 $ (6,372) (1) Recorded in “ Other assets Other liabilities (2)
Schedule of Gains (Losses) on Derivatives and Fair Value Hedges	The table below presents the losses recognized on the Company’s derivatives that are not designated as accounting hedges: Year Ended December 31, 2024 2023 Credit derivatives (1) $ (4,558) $ (6,372) Interest rate caps (2) (394) — Total losses $ (4,952) $ (6,372) (1) The initial fair value of the credit derivative liabilities is recorded in “Gain on sales of loans” with changes in the fair value recorded in “Net fair value adjustments,” both within “Marketplace revenue” on the Income Statement. (2) Changes in the fair value of the interest rate cap are recorded in “Net fair value adjustments” within “ Marketplace revenue The following table summarizes the gains (losses) recognized on the Company’s fair value hedges: Year Ended December 31, 2024 2023 Unsecured personal loans: Hedged item $ (7,009) $ 8,881 Derivatives used for hedging 6,894 (8,547) Interest settlement on derivative (1) 4,539 2,514 Total gain on hedged unsecured personal loans (2) 4,424 2,848 Securities available for sale: Hedged item (2,197) — Derivatives used for hedging 2,382 — Interest settlement on derivative (1) 806 — Total gain on hedged securities available for sale (3) $ 991 $ — Total gains on fair value hedges $ 5,415 $ 2,848 (1) Includes accrued interest receivable and accrued interest payable. (2) Recorded in “Interest and fees on loans and leases held for investment” on the Income Statement. (3) Recorded in “Interest on securities available for sale” on the Income Statement.
Schedule of Notional and Gross Fair Value Amounts of Derivatives Used for Hedging	The table below presents the notional and gross fair value amounts of the Company’s interest rate swaps used for hedging: December 31, 2024 December 31, 2023 Notional Derivative Asset (1) Derivative Liability (1) Notional Derivative Liability (1) Unsecured personal loans $ 1,075,000 $ 1,323 $ (2,976) $ 1,500,000 $ (8,547) Securities available for sale 225,000 2,382 — — — Total interest rate swaps $ 1,300,000 $ 3,705 $ (2,976) $ 1,500,000 $ (8,547) (1) Recorded in “Other assets” or “Other liabilities,” as applicable, on the Balance Sheet and in “Operating activities” on the Statement of Cash Flows.
Schedule of Cumulative Basis Adjustments for Fair Value Hedges	The following table presents the cumulative basis adjustments for fair value hedges: December 31, 2024 December 31, 2023 Balance Sheet Line Item Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items Carrying Amount of Closed Portfolio (1) Cumulative Fair Value Adjustment Included in the Carrying Amount of the Hedged Items Securities available for sale $ 2,255,848 $ (2,197) $ — $ — Loans and leases held for investment $ 1,388,222 $ 1,872 $ 3,109,854 $ 8,881 (1) Represents the total closed portfolio of assets (at amortized cost) designated in a portfolio method hedge relationship in which the hedged item is a stated layer that is expected to be remaining at the end of the hedging relationship. At December 31, 2024, the amortized cost of AFS securities and unsecured personal loans, designated as the hedged items in the portfolio layer hedging relationship, was $225.0 million and $1.075 billion, respectively. At December 31, 2023, the amortized cost of unsecured personal loans designated as the hedged item in the portfolio layer hedging relationship was $1.5 billion.

Property, Equipment and Softw_2

Property, Equipment and Software, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment and Software, Net	Property, equipment and software, net, consist of the following: December 31, 2024 2023 Software (1) $ 222,000 $ 209,260 Leasehold improvements 30,699 30,764 Computer equipment 22,216 21,654 Furniture and fixtures 5,554 5,845 Total property, equipment and software 280,469 267,523 Accumulated depreciation and amortization (112,937) (106,006) Total property, equipment and software, net $ 167,532 $ 161,517 (1) Includes $43.4 million and $66.9 million of development in progress for internally-developed software and $7.1 million and $4.6 million of development in progress to customize purchased software as of December 31, 2024 and 2023, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Gross and Net Carrying Values and Accumulated Amortization of Intangible Assets	The gross and net carrying values and accumulated amortization were as follows: December 31, 2024 2023 Gross carrying value $ 54,500 $ 54,500 Accumulated amortization (45,914) (42,365) Net carrying value $ 8,586 $ 12,135
Schedule of Expected Future Amortization Expense for Intangible Assets	The expected future amortization expense for intangible assets as of December 31, 2024, is as follows: 2025 $ 2,901 2026 2,252 2027 1,603 2028 945 2029 568 Thereafter 317 Total $ 8,586

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following: December 31, 2024 2023 Deferred tax assets, net (1) $ 137,155 $ 151,411 Servicing assets (2) 61,020 78,401 Nonmarketable equity investments 44,114 42,891 Accrued interest receivable 40,388 35,793 Operating lease assets 21,304 26,611 Intangible assets, net (3) 8,586 12,135 Other 91,415 108,211 Total other assets $ 403,982 $ 455,453 (1) See “ Note 17. Income Taxes ” for additional detail. (2) Loans underlying servicing assets had a total outstanding principal balance of $7.3 billion and $9.5 billion as of December 31, 2024 and 2023, respectively. (3) See “ Note 10. Goodwill and Intangible Assets ” for additional detail.

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Deposits, Maturity of Certificates of Deposits and Amount of Certificates of Deposit with Denominations	Deposits consist of the following: December 31, 2024 2023 Interest-bearing deposits: Savings and money market accounts $ 5,903,869 $ 4,349,239 Certificates of deposit (1) 2,294,214 1,714,889 Checking accounts 478,036 937,552 Total $ 8,676,119 $ 7,001,680 Noninterest-bearing deposits 392,118 331,806 Total deposits $ 9,068,237 $ 7,333,486 (1) As of December 31, 2024 and 2023, certificates of deposit in excess of the FDIC insurance limit of $250 thousand per account holder totaled $276.0 million and $150.1 million, respectively. Total certificates of deposit at December 31, 2024 are scheduled to mature as follows: 2025 $ 1,801,144 2026 461,873 2027 19,097 2028 2,057 2029 10,043 Total certificates of deposit $ 2,294,214

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Borrowings	The following table summarizes the Company’s available borrowing capacity and the related pledged collateral: December 31, 2024 December 31, 2023 Available Borrowing Capacity Pledged Collateral Available Borrowing Capacity Pledged Collateral FRB Discount Window $ 2,635,034 $ 3,245,547 $ 2,816,501 $ 3,507,541 FHLB of Des Moines 626,117 829,885 661,337 838,511 Total $ 3,261,151 $ 4,075,432 $ 3,477,838 $ 4,346,052

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities [Abstract]
Schedule of Other Liabilities	Other liabilities consist of the following: December 31, 2024 2023 Accounts payable and accrued expenses $ 78,131 $ 54,619 Operating lease liabilities 28,502 37,869 Payable to investors (1) 22,833 36,823 Other 91,075 93,490 Total other liabilities $ 220,541 $ 222,801 (1) Represents principal and interest on loans collected by the Company and pending disbursement to investors.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Components of Other Comprehensive Loss	Accumulated other comprehensive loss represents other cumulative gains and losses that are not reflected in earnings. The components of other comprehensive income (loss) were as follows: Year Ended December 31, 2024 Before Tax Tax Effect Net of Tax Change in net unrealized gain on securities available for sale $ 9,836 $ (3,775) $ 6,061 Other comprehensive income 9,836 (3,775) 6,061 Year Ended December 31, 2023 Before Tax Tax Effect Net of Tax Change in net unrealized gain on securities available for sale $ 10,238 $ (2,926) $ 7,312 Other comprehensive income $ 10,238 $ (2,926) $ 7,312 Year Ended December 31, 2022 Before Tax Tax Effect Net of Tax Change in net unrealized loss on securities available for sale $ (61,326) $ 16,664 $ (44,662) Other comprehensive loss $ (61,326) $ 16,664 $ (44,662)
Schedule of Activity of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss balances were as follows: Balance at December 31, 2022 $ (37,616) Change in net unrealized gain on securities available for sale 7,312 Balance at December 31, 2023 $ (30,304) Change in net unrealized gain on securities available for sale 6,061 Balance at December 31, 2024 $ (24,243)

Employee Incentive Plans (Table

Employee Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Shares of Common Stock Reserved for Future Issuance	Shares of common stock reserved for future issuance was as follows: December 31, 2024 2023 Available for future RSU, PBRSU and stock option grants 21,815,259 22,732,012 Unvested RSUs, PBRSUs and stock options outstanding 7,281,684 9,338,246 Available for ESPP 8,681,503 7,484,043 Total reserved for future issuance 37,778,446 39,554,301
Schedule of Stock-Based Compensation Expense	Stock-based compensation expense, included in “Compensation and benefits” expense on the Income Statement, was as follows for the periods presented: Year Ended December 31, 2024 2023 2022 RSUs $ 43,841 $ 57,213 $ 66,495 PBRSUs 3,276 4,406 7,839 Stock options — — 46 Stock-based compensation expense, gross 47,117 61,619 74,380 Less: Capitalized stock-based compensation expense 7,048 9,230 8,018 Stock-based compensation expense, net $ 40,069 $ 52,389 $ 66,362
Schedule of RSU Activity	The following table summarizes the Company’s RSU activity: Number Weighted- Unvested at December 31, 2023 6,999,831 $ 9.42 Granted 4,319,757 $ 8.99 Vested (4,445,168) $ 9.92 Forfeited/expired (1,236,190) $ 9.10 Unvested at December 31, 2024 5,638,230 $ 8.78
Schedule of PBRSU Activity	The following table summarizes the Company’s PBRSU activity: Number Weighted- Unvested at December 31, 2023 1,469,813 $ 12.60 Granted 462,060 $ 8.59 Forfeited/expired (719,664) $ 16.64 Unvested at December 31, 2024 1,212,209 $ 8.68
Schedule of Stock Options Activity	The following table summarizes the activities for the Company’s stock options: Number of Weighted-Average Weighted-Average Aggregate Intrinsic Value (1) (in thousands) Outstanding and exercisable at December 31, 2023 868,602 $ 39.02 Exercised (4,576) $ 5.48 Forfeited/Expired (432,781) $ 32.13 Outstanding and exercisable at December 31, 2024 431,245 $ 46.29 1.0 $ — (1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the Company’s closing stock price of $16.19 as reported on the New York Stock Exchange on December 31, 2024.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax (Expense) Benefit	Income tax (expense) benefit consisted of the following: Year Ended December 31, 2024 2023 2022 Current: Federal $ (316) $ (3,180) $ — State (2,551) 5,060 (20,812) Total current tax (expense) benefit (2,867) 1,880 (20,812) Deferred: Federal (10,997) (11,427) 121,520 State 128 (6,131) 35,940 Total deferred (expense) benefit (10,869) (17,558) 157,460 Income tax (expense) benefit $ (13,736) $ (15,678) $ 136,648
Schedule of Effective Income Tax Rate Reconciliation	The table below presents a reconciliation of the income tax (expense) benefit at the statutory federal income tax rate to the income tax (expense) benefit at the effective income tax rate: Year Ended December 31, 2024 2023 2022 Statutory federal tax expense $ (13,664) $ (11,470) $ (32,140) State tax, net of federal tax (expense) benefit (2,392) (903) 11,951 Stock-based compensation tax (expense) benefit (1,362) (4,392) 271 Research and development tax credits 5,931 4,600 10,907 Change in valuation allowance — — 154,081 Change in unrecognized tax benefit (1,779) (1,380) (3,438) Non-deductible expenses (1,576) (2,351) (4,737) Benefit from intraperiod tax allocation 868 — — Other 238 218 (247) Income tax (expense) benefit (1) $ (13,736) $ (15,678) $ 136,648 (1) Income tax benefit of $136.6 million for the year ended December 31, 2022 was primarily due to the release of a $175.6 million valuation allowance against the Company’s deferred tax assets, of which $143.5 million was primarily based on the Company’s reassessment of the future realizability of its deferred tax assets.
Schedule of Deferred Tax Assets and Liabilities	The significant components of the Company’s net deferred tax assets were as follows: December 31, 2024 2023 Deferred tax assets: Net operating loss carryforwards $ 54,981 $ 60,432 Allowance for loan and lease losses 64,925 84,119 Stock-based compensation 4,849 7,399 Unrealized loss on AFS securities 9,096 12,484 Deferred compensation 9,862 6,574 Reserves and accruals 13,699 12,651 Operating lease liabilities 7,649 10,185 Goodwill 8,244 10,203 Tax credit carryforwards 31,416 27,924 Other 3,187 3,926 Gross deferred tax assets 207,908 235,897 Valuation allowance (46,325) (46,108) Total deferred tax assets $ 161,583 $ 189,789 Deferred tax liabilities: Internally developed software $ (5,280) $ (9,934) Servicing assets (1,708) (2,171) Operating lease assets (5,717) (7,157) Leases (11,283) (13,121) Other (440) (5,995) Total deferred tax liabilities $ (24,428) $ (38,378) Deferred tax assets, net $ 137,155 $ 151,411
Schedule of Operating Loss Carryforwards	The table below provides information about the Company’s NOLs and tax credit carryforwards by jurisdiction: December 31, 2024 Expiration Tax loss carryforwards (1) : Net operating loss – federal $ 64,280 Indefinite Net operating loss – state $ 494,329 2030 - 2042 Net operating loss – state $ 41,469 Indefinite Tax credit carryforwards (1) : Research and development credits – federal $ 36,802 2036 - 2044 Research and development credits – state $ 21,102 Indefinite (1)
Schedule of Tax Credit Carryforwards	The table below provides information about the Company’s NOLs and tax credit carryforwards by jurisdiction: December 31, 2024 Expiration Tax loss carryforwards (1) : Net operating loss – federal $ 64,280 Indefinite Net operating loss – state $ 494,329 2030 - 2042 Net operating loss – state $ 41,469 Indefinite Tax credit carryforwards (1) : Research and development credits – federal $ 36,802 2036 - 2044 Research and development credits – state $ 21,102 Indefinite (1)
Schedule of Reconciliation of the Beginning and Ending Balance of Total Unrecognized Tax Benefits	The table below presents a reconciliation of total unrecognized tax benefits: Year Ended December 31, 2024 2023 2022 Unrecognized tax benefits at beginning of year $ 30,062 $ 27,850 $ 22,512 Gross increase – tax positions related to prior years 671 (161) 2,488 Gross increase – tax positions related to current year 2,340 2,373 2,850 Unrecognized tax benefits at end of year $ 33,073 $ 30,062 $ 27,850

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Components of Equipment Finance	The components of Equipment Finance assets are as follows: December 31, 2024 2023 Lease receivables $ 49,290 $ 92,546 Unguaranteed residual asset values 20,728 28,913 Unearned income (6,125) (11,072) Deferred fees 339 605 Total $ 64,232 $ 110,992
Schedule of Future Minimum Lease Payments Based on Maturity	Future minimum lease payments based on maturity of the Company’s lessor arrangements as of December 31, 2024 were as follows: 2025 $ 23,352 2026 14,078 2027 7,430 2028 4,457 2029 1,534 Thereafter — Total lease payments $ 50,851 Discount effect (1,561) Present value of future minimum lease payments $ 49,290
Schedule of Balance Sheet Information Related to Leases	Balance sheet information related to leases was as follows: ROU Assets and Lease Liabilities Balance Sheet Classification December 31, 2024 December 31, 2023 Operating lease assets Other assets $ 21,304 $ 26,611 Operating lease liabilities Other liabilities $ 28,502 $ 37,869
Schedule of Supplemental Cash Flow Information Related to Operating Leases	Supplemental cash flow information related to the Company’s operating leases was as follows: Year Ended December 31, 2024 2023 2022 Non-cash activity: Leased assets remeasured resulting from new, amended or modified operating lease liabilities $ 1,987 $ (29,745) $ (3,650)
Schedule of Future Minimum Undiscounted Lease Payments Under Operating Leases	The Company’s future minimum undiscounted lease payments under operating leases as of December 31, 2024 were as follows: Operating Lease 2025 $ 13,659 2026 7,973 2027 5,010 2028 4,046 2029 909 Thereafter — Total lease payments $ 31,597 Discount effect 3,095 Present value of future minimum lease payments $ 28,502
Schedule of Weighted-Average Remaining Lease Term and Discount Rate	The weighted-average remaining lease term and discount rate used in the calculation of the Company’s operating lease assets and liabilities were as follows: Lease Term and Discount Rate December 31, 2024 December 31, 2023 Weighted-average remaining lease term (in years) 2.98 3.72 Weighted-average discount rate 4.87 % 5.04 %

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2024
Regulated Operations [Abstract]
Schedule of Regulatory Capital Amounts and Ratios	The following table presents the actual capital amounts and ratios of the Company and LC Bank as well as the regulatory minimum and “well-capitalized” requirements (dollars in millions): December 31, 2024 December 31, 2023 Required Minimum (1) Well-Capitalized Minimum Amount Ratio Amount Ratio LendingClub Corporation: CET1 capital (2) $ 1,188.6 17.3 % $ 1,090.2 17.9 % 7.0 % N/A Tier 1 capital $ 1,188.6 17.3 % $ 1,090.2 17.9 % 8.5 % 6.0 % Total capital $ 1,276.5 18.5 % $ 1,169.2 19.2 % 10.5 % 10.0 % Tier 1 leverage $ 1,188.6 11.0 % $ 1,090.2 12.9 % 4.0 % N/A Risk-weighted assets $ 6,887.1 N/A $ 6,104.5 N/A N/A N/A Quarterly adjusted average assets $ 10,814.0 N/A $ 8,476.1 N/A N/A N/A LendingClub Bank: CET1 capital (2) $ 1,101.4 16.1 % $ 949.4 15.8 % 7.0 % 6.5 % Tier 1 capital $ 1,101.4 16.1 % $ 949.4 15.8 % 8.5 % 8.0 % Total capital $ 1,188.5 17.4 % $ 1,027.4 17.1 % 10.5 % 10.0 % Tier 1 leverage $ 1,101.4 10.3 % $ 949.4 11.4 % 4.0 % 5.0 % Risk-weighted assets $ 6,823.1 N/A $ 6,022.2 N/A N/A N/A Quarterly adjusted average assets $ 10,696.7 N/A $ 8,337.4 N/A N/A N/A N/A – Not applicable (1) Required minimums presented for risk-based capital ratios include the required capital conservation buffer of 2.5%. (2) CET1 capital consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including the addition of the CECL transitional benefit and deductions for goodwill and other intangible assets.

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Financial information for the segments is presented in the following tables: LendingClub LendingClub Total Reportable Segments Year Ended December 31, 2024 2023 2022 2024 2023 2022 2024 2023 2022 Non-interest income: Marketplace revenue $ 176,921 $ 206,381 $ 610,536 $ 36,595 $ 41,817 $ 48,231 $ 213,516 $ 248,198 $ 658,767 Other non-interest income 53,643 74,684 85,208 9,038 9,503 15,628 62,681 84,187 100,836 Total non-interest income 230,564 281,065 695,744 45,633 51,320 63,859 276,197 332,385 759,603 Interest income: Interest income 902,741 818,206 526,471 5,217 14,424 30,869 907,958 832,630 557,340 Interest expense (373,219) (266,218) (60,954) (698) (4,574) (21,561) (373,917) (270,792) (82,515) Net interest income 529,522 551,988 465,517 4,519 9,850 9,308 534,041 561,838 474,825 Total net revenue 760,086 833,053 1,161,261 50,152 61,170 73,167 810,238 894,223 1,234,428 Provision for credit losses (178,267) (243,565) (267,326) — — — (178,267) (243,565) (267,326) Non-interest expense: Compensation and benefits (225,620) (255,428) (331,627) (6,538) (6,520) (7,770) (232,158) (261,948) (339,397) Marketing (100,400) (93,840) (197,559) (2) — (188) (100,402) (93,840) (197,747) Equipment and software (51,068) (53,239) (49,004) (126) (246) (194) (51,194) (53,485) (49,198) Depreciation and amortization (50,309) (30,216) (16,489) (8,525) (16,979) (27,342) (58,834) (47,195) (43,831) Professional services (31,376) (33,963) (49,993) (669) (1,210) (523) (32,045) (35,173) (50,516) Occupancy (7,582) (7,980) (8,631) (8,216) (9,552) (13,346) (15,798) (17,532) (21,977) Other non-interest expense (54,963) (62,360) (71,001) (21,511) (24,508) (40,398) (76,474) (86,868) (111,399) Total non-interest expense (521,318) (537,026) (724,304) (45,587) (59,015) (89,761) (566,905) (596,041) (814,065) Income tax (expense) benefit (12,824) (17,881) (42,354) (912) 2,203 125,954 (13,736) (15,678) 83,600 Net income (1) $ 47,677 $ 34,581 $ 127,277 $ 3,653 $ 4,358 $ 109,360 $ 51,330 $ 38,939 $ 236,637 Capital expenditures $ 54,302 $ 59,509 $ 69,481 $ — $ — $ — $ 54,302 $ 59,509 $ 69,481 (1) Total net income from reportable segments reflects net income on a consolidated basis. Year Ended December 31, 2024 2023 2022 Total net revenue – reportable segments $ 810,238 $ 894,223 $ 1,234,428 Intercompany eliminations (23,227) (29,604) (47,212) Total net revenue – consolidated $ 787,011 $ 864,619 $ 1,187,216 LendingClub Bank LendingClub Corporation Total Reportable Segments December 31, 2024 2023 2024 2023 2024 2023 Assets Total cash and cash equivalents $ 932,463 $ 1,230,206 $ 65,981 $ 110,273 $ 998,444 $ 1,340,479 Restricted cash — — 27,536 46,628 27,536 46,628 Securities available for sale at fair value 3,452,648 1,617,309 — 2,953 3,452,648 1,620,262 Loans held for sale at fair value 636,352 407,773 — — 636,352 407,773 Loans and leases held for investment, net 3,889,084 4,539,915 — — 3,889,084 4,539,915 Loans held for investment at fair value (1) 1,023,226 253,800 4,572 18,878 1,027,798 272,678 Property, equipment and software, net 158,995 144,439 8,537 17,078 167,532 161,517 Investment in subsidiary — — 910,544 816,703 910,544 816,703 Goodwill 75,717 75,717 — — 75,717 75,717 Other assets 300,621 341,680 121,198 131,135 421,819 472,815 Total assets 10,469,106 8,610,839 1,138,368 1,143,648 11,607,474 9,754,487 Liabilities and Equity Total deposits 9,116,821 7,426,445 — — 9,116,821 7,426,445 Borrowings (1) — 6,398 — 12,956 — 19,354 Other liabilities 177,711 154,077 60,667 86,086 238,378 240,163 Total liabilities 9,294,532 7,586,920 60,667 99,042 9,355,199 7,685,962 Total equity 1,174,574 1,023,919 1,077,701 1,044,606 2,252,275 2,068,525 Total liabilities and equity $ 10,469,106 $ 8,610,839 $ 1,138,368 $ 1,143,648 $ 11,607,474 $ 9,754,487 (1) Prior period amounts have been reclassified to conform to the current period presentation. December 31, 2024 2023 Total assets – reportable segments $ 11,607,474 $ 9,754,487 Intercompany eliminations (976,965) (927,024) Total assets – consolidated $ 10,630,509 $ 8,827,463 December 31, 2024 2023 Total liabilities and equity – reportable segments $ 11,607,474 $ 9,754,487 Intercompany eliminations – liabilities (66,421) (110,321) Intercompany eliminations – equity (910,544) (816,703) Total liabilities and equity – consolidated $ 10,630,509 $ 8,827,463

LendingClub Corporation _ Par_2

LendingClub Corporation – Parent Company-Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]
Statements of Income	Statements of Income Year Ended December 31, 2024 2023 2022 Non-interest income: Marketplace revenue $ 36,595 $ 41,817 $ 48,231 Other non-interest income 9,038 9,503 15,628 Total non-interest income 45,633 51,320 63,859 Interest income: Interest on loans held for sale — — 1,390 Interest on loans held for investment at fair value (1) 1,831 6,811 21,010 Interest on securities available for sale 2,785 6,802 7,608 Other interest income 601 811 861 Total interest income 5,217 14,424 30,869 Interest expense: Other interest expense (1) 698 4,574 21,561 Total interest expense 698 4,574 21,561 Net interest income 4,519 9,850 9,308 Total net revenue 50,152 61,170 73,167 Non-interest expense: Compensation and benefits 6,538 6,520 7,770 Marketing 2 — 188 Equipment and software 126 246 194 Depreciation and amortization 8,525 16,979 27,342 Professional services 669 1,210 523 Occupancy 8,216 9,552 13,346 Other non-interest expense 21,511 24,508 40,398 Total non-interest expense 45,587 59,015 89,761 Income (Loss) before income tax (expense) benefit 4,565 2,155 (16,594) Income tax (expense) benefit (912) 2,203 125,954 Income before undistributed earnings of subsidiary 3,653 4,358 109,360 Equity in undistributed earnings of subsidiary 47,677 34,581 127,277 Net income $ 51,330 $ 38,939 $ 236,637 (1) Prior period amounts have been reclassified to conform to the current period presentation.
Statements of Comprehensive Income	Statements of Comprehensive Income Year Ended December 31, 2024 2023 2022 Net income $ 51,330 $ 38,939 $ 236,637 Other comprehensive income (loss), net of tax: Change in net unrealized gain (loss) on securities available for sale (3,076) 6,706 (1,556) Equity in other comprehensive income (loss) of subsidiary 9,137 (1,282) (43,528) Other comprehensive income (loss), net of tax 6,061 5,424 (45,084) Total comprehensive income $ 57,391 $ 44,363 $ 191,553
Balance Sheets	Balance Sheets December 31, 2024 2023 Assets Cash and due from banks $ 52,398 $ 96,384 Interest-bearing deposits in banks 13,583 13,889 Total cash and cash equivalents 65,981 110,273 Restricted cash 27,536 46,628 Securities available for sale at fair value ($0 and $264 at amortized cost, respectively) — 2,953 Loans held for investment at fair value (1) 4,572 18,878 Property, equipment and software, net 8,537 17,078 Investment in subsidiary 1,177,745 937,987 Other assets 118,027 126,899 Total assets $ 1,402,398 $ 1,260,696 Liabilities and Equity Borrowings (1) $ — $ 12,956 Other liabilities 60,667 86,086 Total liabilities 60,667 99,042 Equity Common stock, $0.01 par value; 180,000,000 shares authorized; 113,383,917 and 110,410,602 shares issued and outstanding, respectively 1,134 1,104 Additional paid-in capital 1,702,316 1,669,828 Accumulated deficit (337,476) (468,097) Accumulated other comprehensive loss (24,243) (41,181) Total equity 1,341,731 1,161,654 Total liabilities and equity $ 1,402,398 $ 1,260,696 (1) Prior period amounts have been reclassified to conform to the current period presentation.
Statements of Cash Flows	Statements of Cash Flows Year Ended December 31, 2024 2023 2022 Cash Flows from Operating Activities: Parent company net income $ 51,330 $ 38,939 $ 236,637 Adjustments to reconcile net income to net cash (used for) provided by operating activities: Equity in undistributed earnings of subsidiary (47,677) (34,581) (127,277) Net fair value adjustments (2,716) (2,903) (5,929) Change in fair value of loan servicing assets 40,590 50,281 33,840 Stock-based compensation, net 4,505 5,253 6,310 Depreciation and amortization 8,525 16,979 27,342 Income tax benefit from release of tax valuation allowance — — (124,975) Other, net 5 274 16 Net change to loans held for sale 1,121 5,953 31,658 Net change in operating assets and liabilities: Other assets (57,859) (32,805) 39,462 Other liabilities (26,349) (30,741) (36,480) Net cash (used for) provided by operating activities (28,525) 16,649 80,604 Cash Flows from Investing Activities: Payments for investments in and advances to subsidiary (50,000) — (50,000) Purchase of servicing asset investment (47,450) (50,576) (59,880) Proceeds from servicing asset investment 72,718 72,343 24,564 Net change in loans held for investment (1) 16,081 52,611 176,296 Proceeds from maturities and paydowns of securities available for sale 264 7,861 46,548 Other investing activities — 200 2,370 Net cash (used for) provided by investing activities (8,387) 82,439 139,898 Cash Flows from Financing Activities: Principal payments on borrowings (1) (12,804) (54,237) (244,398) Other financing activities (13,668) (19,834) (9,028) Net cash used for financing activities (26,472) (74,071) (253,426) Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (63,384) 25,017 (32,924) Cash, Cash Equivalents and Restricted Cash, Beginning of Period 156,901 131,884 164,808 Cash, Cash Equivalents and Restricted Cash, End of Period $ 93,517 $ 156,901 $ 131,884 (1) Prior period amounts have been reclassified to conform to the current period presentation . The following table presents cash, cash equivalents and restricted cash by category within the Parent Company balance sheet: December 31, 2024 December 31, 2023 Cash and cash equivalents $ 65,981 $ 110,273 Restricted cash 27,536 46,628 Total cash, cash equivalents and restricted cash $ 93,517 $ 156,901

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Changes in fair value, location	Marketplace revenue	Marketplace revenue
Minimum
Class of Stock [Line Items]
Property and equipment, estimated useful life	3 years
Maximum
Class of Stock [Line Items]
Property and equipment, estimated useful life	5 years

Marketplace Revenue (Details)

Marketplace Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Gain on sales of loans	$ 49,097	$ 47,839	$ 95,335
Net fair value adjustments	(154,659)	(134,114)	8,503
Total marketplace revenue	242,791	291,484	683,626
Origination fees
Disaggregation of Revenue [Line Items]
Revenue	283,420	279,146	499,179
Servicing fees
Disaggregation of Revenue [Line Items]
Revenue	$ 64,933	$ 98,613	$ 80,609

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic EPS:
Net income attributable to stockholders		$ 51,330	$ 38,939	$ 289,685
Weighted-average common shares – basic (in shares)	[1]	111,731,523	108,466,179	103,547,305
Basic EPS (in dollars per share)	[1]	$ 0.46	$ 0.36	$ 2.80
Diluted EPS:
Net income attributable to stockholders		$ 51,330	$ 38,939	$ 289,685
Weighted-average common shares – diluted (in shares)	[1]	113,122,859	108,468,857	104,001,288
Diluted EPS (in dollars per share)	[1]	$ 0.45	$ 0.36	$ 2.79
[1] (2) See “ Notes to Consolidated Financial Statements – Note 3. Earnings Per Share ” for additional information.

Securities Available for Sale -

Securities Available for Sale - Schedule of Amortized Cost, Gross Unrealized Gains and Losses, and Fair Value of AFS Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 3,492,264	$ 1,663,990
Gross Unrealized Gains	30,469	13,896
Gross Unrealized Losses	(66,558)	(57,624)
Allowance for Credit Losses	(3,527)
Fair Value	3,452,648	1,620,262
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Fair Value	373,500	359,500
Senior asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,870,071	1,165,513
Gross Unrealized Gains	30,398	10,932
Gross Unrealized Losses	(645)	(42)
Allowance for Credit Losses	0
Fair Value	2,899,824	1,176,403
Portfolio layer method basis adjustment - increase (decrease)	(2,200)
U.S. agency residential mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	270,120	261,885
Gross Unrealized Gains	48	208
Gross Unrealized Losses	(43,243)	(37,497)
Allowance for Credit Losses	0
Fair Value	226,925	224,596
Other asset-backed securities related to Structured Program transactions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	174,132	70,662
Gross Unrealized Gains	0	2,731
Gross Unrealized Losses	(657)	0
Allowance for Credit Losses	(3,527)	0
Fair Value	169,948	73,393
Restricted investments	169,900	70,100
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	90,459	93,452
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(14,513)	(13,348)
Allowance for Credit Losses	0
Fair Value	75,946	80,104
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	62,882	42,511
Gross Unrealized Gains	8	0
Gross Unrealized Losses	(6,216)	(5,435)
Allowance for Credit Losses	0
Fair Value	56,674	37,076
Other asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	21,364	26,710
Gross Unrealized Gains	15	25
Gross Unrealized Losses	(587)	(634)
Allowance for Credit Losses	0
Fair Value	20,792	26,101
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,236	3,257
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(697)	(668)
Allowance for Credit Losses	0
Fair Value	$ 2,539	$ 2,589

Securities Available for Sale_2

Securities Available for Sale - Schedule of AFS Securities with Unrealized Losses, Aggregated by Period of Continuous Unrealized Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	$ 464,591	$ 71,740
Unrealized losses, less than 12 months	(2,404)	(981)
Fair value, 12 months or longer	307,856	315,760
Unrealized losses, 12 months or longer	(64,154)	(56,643)
Fair Value	772,447	387,500
Unrealized Losses	(66,558)	(57,624)
Senior asset-backed securities related to Structured Program transactions
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	334,564	38,359
Unrealized losses, less than 12 months	(645)	(42)
Fair value, 12 months or longer	0	0
Unrealized losses, 12 months or longer	0	0
Fair Value	334,564	38,359
Unrealized Losses	(645)	(42)
U.S. agency residential mortgage-backed securities
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	34,168	6,497
Unrealized losses, less than 12 months	(782)	(149)
Fair value, 12 months or longer	185,405	201,426
Unrealized losses, 12 months or longer	(42,461)	(37,348)
Fair Value	219,573	207,923
Unrealized Losses	(43,243)	(37,497)
Other asset-backed securities related to Structured Program transactions
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	72,251
Unrealized losses, less than 12 months	(657)
Fair value, 12 months or longer	0
Unrealized losses, 12 months or longer	0
Fair Value	72,251
Unrealized Losses	(657)
U.S. agency securities
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	0	0
Unrealized losses, less than 12 months	0	0
Fair value, 12 months or longer	75,946	80,104
Unrealized losses, 12 months or longer	(14,513)	(13,348)
Fair Value	75,946	80,104
Unrealized Losses	(14,513)	(13,348)
Mortgage-backed securities
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	21,970	13,973
Unrealized losses, less than 12 months	(316)	(740)
Fair value, 12 months or longer	32,298	23,103
Unrealized losses, 12 months or longer	(5,900)	(4,695)
Fair Value	54,268	37,076
Unrealized Losses	(6,216)	(5,435)
Other asset-backed securities
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	1,638	12,911
Unrealized losses, less than 12 months	(4)	(50)
Fair value, 12 months or longer	11,668	8,538
Unrealized losses, 12 months or longer	(583)	(584)
Fair Value	13,306	21,449
Unrealized Losses	(587)	(634)
Municipal securities
Schedule of Securities Available-for-Sale [Line Items]
Fair value, less than 12 months	0	0
Unrealized losses, less than 12 months	0	0
Fair value, 12 months or longer	2,539	2,589
Unrealized losses, 12 months or longer	(697)	(668)
Fair Value	2,539	2,589
Unrealized Losses	$ (697)	$ (668)

Securities Available for Sale_3

Securities Available for Sale - Schedule of Activity in the Allowance for Credit Losses for AFS Securities, by Security Type (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Other asset-backed securities related to Structured Program transactions:
Allowance for credit losses, end of period	$ 3,527
Other asset-backed securities related to Structured Program transactions
Other asset-backed securities related to Structured Program transactions:
Allowance for credit losses, beginning of period	0
Credit loss expense for securities available for sale	3,527
Allowance for credit losses, end of period	$ 3,527

Securities Available for Sale_4

Securities Available for Sale - Schedule of Contractual Maturities of AFS Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Amortized Cost
Amortized cost, due within 1 year	$ 3,000
Amortized cost, after 1 year through 5 years	3,055,351
Amortized cost, due after 5 years through 10 years	41,490
Amortized cost, due after 10 years	392,423
Amortized Cost	3,492,264	$ 1,663,990
Fair Value
Fair value, due within 1 year	2,989
Fair value, after 1 year through 5 years	3,080,385
Fair value, due after 5 years through 10 years	37,982
Fair value, due after 10 years	331,292
Fair Value	$ 3,452,648	1,620,262
Weighted-average yield, due within 1 year	3.50%
Weighted-average yield, due after 1 year through 5 years	7.50%
Weighted-average yield, due after 5 years through 10 years	4.28%
Weighted-average yield, due after 10 years	2.90%
Weighted-average yield	6.81%
U.S. agency securities
Amortized Cost
Amortized cost, due within 1 year	$ 3,000
Amortized cost, after 1 year through 5 years	7,850
Amortized cost, due after 5 years through 10 years	23,997
Amortized cost, due after 10 years	55,612
Amortized Cost	90,459	93,452
Fair Value
Fair value, due within 1 year	2,989
Fair value, after 1 year through 5 years	7,620
Fair value, due after 5 years through 10 years	20,907
Fair value, due after 10 years	44,430
Fair Value	75,946	80,104
Senior asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized cost, after 1 year through 5 years	2,870,071
Amortized Cost	2,870,071	1,165,513
Fair Value
Fair value, after 1 year through 5 years	2,899,824
Fair Value	2,899,824	1,176,403
Other asset-backed securities related to Structured Program transactions
Amortized Cost
Amortized cost, after 1 year through 5 years	174,132
Amortized Cost	174,132	70,662
Fair Value
Fair value, after 1 year through 5 years	169,948
Fair Value	169,948	73,393
Mortgage-backed securities
Amortized Cost
Amortized cost, after 1 year through 5 years	2,684
Amortized cost, due after 5 years through 10 years	915
Amortized cost, due after 10 years	59,283
Amortized Cost	62,882	42,511
Fair Value
Fair value, after 1 year through 5 years	2,413
Fair value, due after 5 years through 10 years	765
Fair value, due after 10 years	53,496
Fair Value	56,674	37,076
Other asset-backed securities
Amortized Cost
Amortized cost, after 1 year through 5 years	307
Amortized cost, due after 5 years through 10 years	12,430
Amortized cost, due after 10 years	8,627
Amortized Cost	21,364	26,710
Fair Value
Fair value, after 1 year through 5 years	306
Fair value, due after 5 years through 10 years	12,394
Fair value, due after 10 years	8,092
Fair Value	20,792	26,101
Municipal securities
Amortized Cost
Amortized cost, after 1 year through 5 years	307
Amortized cost, due after 5 years through 10 years	310
Amortized cost, due after 10 years	2,619
Amortized Cost	3,236	3,257
Fair Value
Fair value, after 1 year through 5 years	274
Fair value, due after 5 years through 10 years	267
Fair value, due after 10 years	1,998
Fair Value	2,539	2,589
U.S. agency residential mortgage-backed securities
Amortized Cost
Amortized cost, due after 5 years through 10 years	3,838
Amortized cost, due after 10 years	266,282
Fair Value
Fair value, due after 5 years through 10 years	3,649
Fair value, due after 10 years	223,276
Fair Value	$ 226,925	$ 224,596

Securities Available for Sale_5

Securities Available for Sale - Narrative (Details) - Senior asset-backed securities related to Structured Program transactions $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Schedule of Securities Available-for-Sale [Line Items]
Proceeds from sale of AFS	$ 30,100
Debt Securities, Available-for-Sale, Realized Gain	$ 114

Loans and Leases Held for Inv_3

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Accrued interest receivable, location	Other assets	Other assets
Accrued interest	$ 30.4	$ 32.2
Short-term payment reduction | Consumer | Unsecured personal | Short-term payment reduction modification
Term Loans and Leases by Origination Year
Financing receivable, modified, temporary payment reduction period	3 months
Financing receivable, modified, additional temporary payment reduction period	3 months
Short-term payment reduction | Minimum | Consumer | Unsecured personal | Short-term payment reduction modification
Term Loans and Leases by Origination Year
Financing receivable, modified, term increase from modification	5 months
Short-term payment reduction | Maximum | Consumer | Unsecured personal | Short-term payment reduction modification
Term Loans and Leases by Origination Year
Financing receivable, modified, term increase from modification	8 months
Short-term payment reduction, first three months after modification | Consumer | Unsecured personal | Short-term payment reduction modification
Term Loans and Leases by Origination Year
Financing receivable, excluding accrued interest, modified, accumulated	$ 14.5
Extended maturity | Consumer | Unsecured personal | Permanent loan modification
Term Loans and Leases by Origination Year
Financing receivable, modified, term increase from modification	12 months
Financing receivable, modified, weighted average term increase from modification	12 months	12 months
Contractual interest rate reduction | Consumer | Unsecured personal | Permanent loan modification
Term Loans and Leases by Origination Year
Financing receivable, modified, weighted average interest rate decrease from modification	8%	9.20%

Loans and Leases Held for Inv_4

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Loans and Leases Held for Investment at Amortized Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 4,125,818	$ 4,850,302
Allowance for loan and lease losses	(236,734)	(310,387)	$ (327,852)	$ (144,389)
Loans and leases held for investment, net	3,889,084	4,539,915
Asset Pledged as Collateral
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	3,700,000	4,000,000
Asset Pledged as Collateral | Federal Home Loan Bank of Des Moines
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	456,400	479,000
Asset Pledged as Collateral | Federal Reserve Bank
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment, net	3,200,000	3,500,000
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	3,509,415	4,159,919
Allowance for loan and lease losses	(212,598)	(298,061)	(312,489)	(128,812)
Consumer | Unsecured personal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	3,106,472	3,726,830
Consumer | Residential mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	172,711	183,050
Consumer | Secured consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	230,232	250,039
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	616,403	690,383
Allowance for loan and lease losses	(24,136)	(12,326)	$ (15,363)	$ (15,577)
Commercial | Equipment finance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	64,232	110,992
Commercial | Commercial real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	373,785	380,322
Commercial | Commercial and industrial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 178,386	$ 199,069

Loans and Leases Held for Inv_5

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Components of the Allowance for Loan and Lease Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Gross allowance for loan and lease losses	$ 285,686	$ 355,773
Recovery asset value	(48,952)	(45,386)
Allowance for loan and lease losses	$ 236,734	$ 310,387	$ 327,852	$ 144,389

Loans and Leases Held for Inv_6

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Components of Portfolio Segment Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 4,125,818	$ 4,850,302
Allowance for loan and lease losses	$ 236,734	$ 310,387	$ 327,852	$ 144,389
Allowance ratios (as a percent)	5.70%	6.40%
Gross allowance for loan and lease losses	$ 285,686	$ 355,773
Gross allowance ratio (as a percent)	6.90%	7.30%
Consumer
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 3,509,415	$ 4,159,919
Allowance for loan and lease losses	$ 212,598	$ 298,061	312,489	128,812
Allowance ratios (as a percent)	6.10%	7.20%
Gross allowance for loan and lease losses	$ 261,550	$ 343,447
Gross allowance ratio (as a percent)	7.50%	8.30%
Commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans and leases held for investment	$ 616,403	$ 690,383
Allowance for loan and lease losses	$ 24,136	$ 12,326	$ 15,363	$ 15,577
Allowance ratios (as a percent)	3.90%	1.80%
Gross allowance for loan and lease losses	$ 24,136	$ 12,326
Gross allowance ratio (as a percent)	3.90%	1.80%

Loans and Leases Held for Inv_7

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Activity in the ACL by Portfolio Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for loan and lease losses:
Beginning of period	$ 310,387	$ 327,852	$ 144,389
Credit loss expense (benefit)	175,430	243,570	266,679
Charge-offs	(303,593)	(281,107)	(87,473)
Recoveries	54,510	20,072	4,257
End of period	236,734	310,387	327,852
Unfunded Loan Commitment
Reserve for unfunded lending commitments:
Beginning of period	1,873	1,878	1,231
Credit loss expense (benefit)	(690)	(5)	647
End of period	1,183	1,873	1,878
Unfunded Loan Commitment, Commitments to Extend Credit
Reserve for unfunded lending commitments:
Beginning of period	78,100	138,000
End of period	105,000	78,100	138,000
Consumer
Allowance for loan and lease losses:
Beginning of period	298,061	312,489	128,812
Credit loss expense (benefit)	160,581	244,518	265,359
Charge-offs	(299,159)	(278,105)	(85,247)
Recoveries	53,115	19,159	3,565
End of period	212,598	298,061	312,489
Consumer | Unfunded Loan Commitment
Reserve for unfunded lending commitments:
Beginning of period	0	18	0
Credit loss expense (benefit)	0	(18)	18
End of period	0	0	18
Commercial
Allowance for loan and lease losses:
Beginning of period	12,326	15,363	15,577
Credit loss expense (benefit)	14,849	(948)	1,320
Charge-offs	(4,434)	(3,002)	(2,226)
Recoveries	1,395	913	692
End of period	24,136	12,326	15,363
Commercial | Unfunded Loan Commitment
Reserve for unfunded lending commitments:
Beginning of period	1,873	1,860	1,231
Credit loss expense (benefit)	(690)	13	629
End of period	$ 1,183	$ 1,873	$ 1,860

Loans and Leases Held for Inv_8

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Charge-Offs by Origination Year (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Term Loans and Leases by Origination Year
Year 1	$ 6,958
Year 2	97,411
Year 3	149,735
Year 4	47,796
Year 5	0
Prior	1,693
Total	303,593
Consumer
Term Loans and Leases by Origination Year
Year 1	6,844
Year 2	96,711
Year 3	148,211
Year 4	47,393
Year 5	0
Prior	0
Total	299,159
Consumer | Unsecured personal
Term Loans and Leases by Origination Year
Year 1	6,796
Year 2	96,219
Year 3	147,062
Year 4	46,894
Year 5	0
Prior	0
Total	296,971
Consumer | Residential mortgages
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	0
Prior	0
Total	0
Consumer | Secured consumer
Term Loans and Leases by Origination Year
Year 1	48
Year 2	492
Year 3	1,149
Year 4	499
Year 5	0
Prior	0
Total	2,188
Commercial
Term Loans and Leases by Origination Year
Year 1	114
Year 2	700
Year 3	1,524
Year 4	403
Year 5	0
Prior	1,693
Total	4,434
Commercial | Equipment finance
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	0
Prior	0
Total	0
Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Year 1	0
Year 2	0
Year 3	0
Year 4	0
Year 5	0
Prior	0
Total	0
Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Year 1	114
Year 2	700
Year 3	1,524
Year 4	403
Year 5	0
Prior	1,693
Total	$ 4,434

Loans and Leases Held for Inv_9

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Consumer Lending Credit Quality Indicators and Commercial Lending Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Term Loans and Leases by Origination Year
Total	$ 4,125,818	$ 4,850,302
Loans and leases held for investment
Term Loans and Leases by Origination Year
Portfolio layer method basis adjustment - increase (decrease)	1,872	8,881
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method
Term Loans and Leases by Origination Year
Year one	1,436,784	1,648,591
Year two	889,342	1,885,009
Year three	892,178	535,309
Year four	212,663	29,960
Year five	28,176	22,708
Prior	48,400	29,461
Total	3,507,543	4,151,038
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year one	1,357,478	1,522,462
Year two	810,133	1,737,631
Year three	787,948	457,856
Year four	149,041	0
Year five	0	0
Prior	0	0
Total	3,104,600	3,717,949
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year one	0	53
Year two	0	48,473
Year three	45,828	54,855
Year four	52,679	29,960
Year five	28,176	20,248
Prior	46,028	29,461
Total	172,711	183,050
Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year one	79,306	126,076
Year two	79,209	98,905
Year three	58,402	22,598
Year four	10,943	0
Year five	0	2,460
Prior	2,372	0
Total	230,232	250,039
Commercial
Term Loans and Leases by Origination Year
Year one	51,794	92,648
Year two	104,562	220,696
Year three	184,584	118,301
Year four	77,682	68,608
Year five	52,771	74,370
Prior	145,010	115,760
Total	616,403	690,383
Commercial | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	161,048	167,982
Commercial | Equipment finance
Term Loans and Leases by Origination Year
Year one	0	2,945
Year two	1,519	48,665
Year three	33,655	28,273
Year four	13,314	14,075
Year five	9,101	10,746
Prior	6,643	6,288
Total	64,232	110,992
Commercial | Equipment finance | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Pass
Term Loans and Leases by Origination Year
Year one	0	2,945
Year two	1,519	33,430
Year three	32,544	26,311
Year four	7,790	7,754
Year five	9,101	9,411
Prior	6,643	6,288
Total	57,597	86,139
Commercial | Equipment finance | Pass | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Special mention
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	15,235
Year three	335	1,962
Year four	602	5,873
Year five	0	1,335
Prior	0	0
Total	937	24,405
Commercial | Equipment finance | Special mention | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Substandard
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	776	0
Year four	4,922	448
Year five	0	0
Prior	0	0
Total	5,698	448
Commercial | Equipment finance | Substandard | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Doubtful
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Prior	0	0
Total	0	0
Commercial | Equipment finance | Doubtful | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Equipment finance | Loss
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Prior	0	0
Total	0	0
Commercial | Equipment finance | Loss | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Year one	22,847	49,067
Year two	67,692	97,845
Year three	93,454	43,766
Year four	29,886	43,058
Year five	36,186	52,160
Prior	123,720	94,426
Total	373,785	380,322
Commercial | Commercial real estate | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	41,982	44,319
Commercial | Commercial real estate | Pass
Term Loans and Leases by Origination Year
Year one	22,847	49,067
Year two	67,692	94,247
Year three	89,903	34,535
Year four	21,174	43,058
Year five	27,947	52,160
Prior	106,060	78,062
Total	335,623	351,129
Commercial | Commercial real estate | Pass | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	31,499	33,423
Commercial | Commercial real estate | Special mention
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	252	0
Prior	6,276	13,706
Total	6,528	13,706
Commercial | Commercial real estate | Special mention | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Commercial real estate | Substandard
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	3,598
Year three	2,430	7,716
Year four	8,441	0
Year five	7,987	0
Prior	10,791	2,139
Total	29,649	13,453
Commercial | Commercial real estate | Substandard | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	8,940	9,425
Commercial | Commercial real estate | Doubtful
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Prior	0	0
Total	0	0
Commercial | Commercial real estate | Doubtful | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Commercial | Commercial real estate | Loss
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	1,121	1,515
Year four	271	0
Year five	0	0
Prior	593	519
Total	1,985	2,034
Commercial | Commercial real estate | Loss | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	1,543	1,471
Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Year one	28,947	40,636
Year two	35,351	74,186
Year three	57,475	46,262
Year four	34,482	11,475
Year five	7,484	11,464
Prior	14,647	15,046
Total	178,386	199,069
Commercial | Commercial and industrial | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	119,066	123,663
Commercial | Commercial and industrial | Pass
Term Loans and Leases by Origination Year
Year one	28,030	40,636
Year two	29,186	60,352
Year three	31,697	39,304
Year four	27,474	9,525
Year five	5,503	10,282
Prior	12,678	11,626
Total	134,568	171,725
Commercial | Commercial and industrial | Pass | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	85,269	104,928
Commercial | Commercial and industrial | Special mention
Term Loans and Leases by Origination Year
Year one	635	0
Year two	0	10,881
Year three	5,165	1,532
Year four	2,652	729
Year five	76	137
Prior	0	444
Total	8,528	13,723
Commercial | Commercial and industrial | Special mention | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	7,065	9,384
Commercial | Commercial and industrial | Substandard
Term Loans and Leases by Origination Year
Year one	0	0
Year two	4,071	2,304
Year three	13,110	5,426
Year four	2,311	673
Year five	1,399	1,045
Prior	1,670	1,434
Total	22,561	10,882
Commercial | Commercial and industrial | Substandard | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	14,879	6,908
Commercial | Commercial and industrial | Doubtful
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	649
Year three	3,279	0
Year four	1,477	548
Year five	506	0
Prior	285	286
Total	5,547	1,483
Commercial | Commercial and industrial | Doubtful | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	4,671	1,214
Commercial | Commercial and industrial | Loss
Term Loans and Leases by Origination Year
Year one	282	0
Year two	2,094	0
Year three	4,224	0
Year four	568	0
Year five	0	0
Prior	14	1,256
Total	7,182	1,256
Commercial | Commercial and industrial | Loss | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	7,182	1,229
Current | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year one	1,347,685	1,498,737
Year two	787,936	1,688,512
Year three	762,223	438,296
Year four	142,546	0
Year five	0	0
Prior	0	0
Total	3,040,390	3,625,545
Current | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year one	0	53
Year two	0	48,473
Year three	45,828	54,855
Year four	52,679	29,960
Year five	28,176	18,917
Prior	45,789	29,041
Total	172,472	181,299
Current | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year one	79,161	125,618
Year two	78,081	97,084
Year three	56,766	21,949
Year four	10,573	0
Year five	0	2,460
Prior	2,372	0
Total	226,953	247,111
30-59 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year one	4,981	9,034
Year two	7,344	17,017
Year three	8,952	6,665
Year four	2,253	0
Year five	0	0
Prior	0	0
Total	23,530	32,716
30-59 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	1,331
Prior	151	420
Total	151	1,751
30-59 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year one	98	364
Year two	824	1,295
Year three	1,199	417
Year four	221	0
Year five	0	0
Prior	0	0
Total	2,342	2,076
30-59 days past due | Commercial
Term Loans and Leases by Origination Year
Total	14,644	13,526
30-59 days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	67	1,265
30-59 days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	8,320	0
30-59 days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	6,257	12,261
60-89 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year one	2,448	7,767
Year two	6,933	15,538
Year three	7,920	6,251
Year four	1,992	0
Year five	0	0
Prior	0	0
Total	19,293	29,556
60-89 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Prior	88	0
Total	88	0
60-89 days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year one	11	94
Year two	147	373
Year three	338	168
Year four	104	0
Year five	0	0
Prior	0	0
Total	600	635
60-89 days past due | Commercial
Term Loans and Leases by Origination Year
Total	1,665	5,198
60-89 days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	0	0
60-89 days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	483	3,566
60-89 days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	1,182	1,632
90 or more days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Unsecured personal
Term Loans and Leases by Origination Year
Year one	2,364	6,924
Year two	7,920	16,564
Year three	8,853	6,644
Year four	2,250	0
Year five	0	0
Prior	0	0
Total	21,387	30,132
90 or more days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Residential mortgages
Term Loans and Leases by Origination Year
Year one	0	0
Year two	0	0
Year three	0	0
Year four	0	0
Year five	0	0
Prior	0	0
Total	0	0
90 or more days past due | Consumer Portfolio Segment, Excluding Cumulative Basis Adjustment for Portfolio Layer Method | Secured consumer
Term Loans and Leases by Origination Year
Year one	36	0
Year two	157	153
Year three	99	64
Year four	45	0
Year five	0	0
Prior	0	0
Total	337	217
90 or more days past due | Commercial
Term Loans and Leases by Origination Year
Total	30,253	3,133
90 or more days past due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	4,551	0
90 or more days past due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	9,731	1,618
90 or more days past due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	15,971	1,515
Total Days Past Due | Commercial
Term Loans and Leases by Origination Year
Total	46,562	21,857
Total Days Past Due | Commercial | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	26,968	15,307
Total Days Past Due | Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total	4,618	1,265
Total Days Past Due | Commercial | Equipment finance | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	0	0
Total Days Past Due | Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total	18,534	5,184
Total Days Past Due | Commercial | Commercial real estate | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	8,456	4,047
Total Days Past Due | Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total	23,410	15,408
Total Days Past Due | Commercial | Commercial and industrial | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total	$ 18,512	$ 11,260

Loans and Leases Held for In_10

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Analysis of the Past Due Loans and Leases HFI at Amortized Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	$ 4,125,818	$ 4,850,302
Commercial
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	616,403	690,383
Commercial | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	161,048	167,982
Commercial | 30-59 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	14,644	13,526
Commercial | 60-89 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	1,665	5,198
Commercial | 90 or More Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	30,253	3,133
Commercial | Total Days Past Due
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	46,562	21,857
Commercial | Total Days Past Due | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	26,968	15,307
Commercial | Equipment finance
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	64,232	110,992
Commercial | Equipment finance | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	0	0
Commercial | Equipment finance | 30-59 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	67	1,265
Commercial | Equipment finance | 60-89 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	0	0
Commercial | Equipment finance | 90 or More Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	4,551	0
Commercial | Equipment finance | Total Days Past Due
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	4,618	1,265
Commercial | Equipment finance | Total Days Past Due | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	0	0
Commercial | Commercial real estate
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	373,785	380,322
Commercial | Commercial real estate | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	41,982	44,319
Commercial | Commercial real estate | 30-59 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	8,320	0
Commercial | Commercial real estate | 60-89 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	483	3,566
Commercial | Commercial real estate | 90 or More Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	9,731	1,618
Commercial | Commercial real estate | Total Days Past Due
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	18,534	5,184
Commercial | Commercial real estate | Total Days Past Due | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	8,456	4,047
Commercial | Commercial and industrial
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	178,386	199,069
Commercial | Commercial and industrial | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	119,066	123,663
Commercial | Commercial and industrial | 30-59 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	6,257	12,261
Commercial | Commercial and industrial | 60-89 Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	1,182	1,632
Commercial | Commercial and industrial | 90 or More Days
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	15,971	1,515
Commercial | Commercial and industrial | Total Days Past Due
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	23,410	15,408
Commercial | Commercial and industrial | Total Days Past Due | Loans Guaranteed by Small Business Association
Term Loans and Leases by Origination Year
Total commercial loans and leases held for investment	$ 18,512	$ 11,260

Loans and Leases Held for In_11

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Loan Modifications (Details) - Consumer - Unsecured personal - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 37,926	$ 15,876
% of unsecured personal loans at amortized cost as of period end	1.20%	0.40%
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 26,421	$ 4,867
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	5,874	3,659
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 5,631	$ 7,350

Loans and Leases Held for In_12

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Amortized Cost of Loan Modifications (Details) - Consumer - Unsecured personal - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 26,421	$ 4,867
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	5,874	3,659
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	5,631	7,350
Current | Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	21,471	4,533
Current | Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	5,285	3,208
Current | Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	43	70
30-59 days past due | Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	1,851	149
30-59 days past due | Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	247	199
30-59 days past due | Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	19	85
60-89 days past due | Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	1,462	105
60-89 days past due | Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	159	67
60-89 days past due | Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	811	669
90 or more days past due | Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications	1,637	80
90 or more days past due | Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications	183	185
90 or more days past due | Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications	$ 4,758	$ 6,526

Loans and Leases Held for In_13

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Total Amount of Charge-Offs for Loan Modifications (Details) - Consumer - Unsecured personal - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 82,926	$ 53,643
Short-term payment reduction
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	7,945	224
Permanent loan modification
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	2,136	308
Debt settlement
Financing Receivable, Modified [Line Items]
Total loan modifications – unsecured personal loans	$ 72,845	$ 53,111

Loans and Leases Held for In_14

Loans and Leases Held for Investment at Amortized Cost, Net of Allowance for Loan and Lease Losses - Schedule of Nonaccrual Loans and Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 72,304	$ 44,382
Nonaccrual with no related ACL	$ 13,141	$ 4,089
Nonaccrual ratios (as a percent)	1.80%	0.90%
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 22,019	$ 30,661
Nonaccrual with no related ACL	$ 295	$ 312
Nonaccrual ratios (as a percent)	0.60%	0.70%
Consumer | Unsecured personal
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 21,387	$ 30,132
Nonaccrual with no related ACL	0	0
Consumer | Residential mortgages
Financing Receivable, Past Due [Line Items]
Nonaccrual	295	312
Nonaccrual with no related ACL	295	312
Consumer | Secured consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual	337	217
Nonaccrual with no related ACL	0	0
Commercial
Financing Receivable, Past Due [Line Items]
Nonaccrual	50,285	13,721
Nonaccrual with no related ACL	$ 12,846	$ 3,777
Nonaccrual ratios (as a percent)	8.20%	2%
Commercial | Loans Guaranteed by Small Business Association
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 31,200	$ 10,400
Commercial | Equipment finance
Financing Receivable, Past Due [Line Items]
Nonaccrual	4,516	0
Nonaccrual with no related ACL	0	0
Commercial | Commercial real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual	18,280	9,663
Nonaccrual with no related ACL	5,345	2,187
Commercial | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual	27,489	4,058
Nonaccrual with no related ACL	$ 7,501	$ 1,590

Securitizations and Variable _3

Securitizations and Variable Interest Entities - Schedule of VIE Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Assets
Restricted cash	[1]	$ 23,338	$ 41,644
Total securities available for sale		3,452,648	1,620,262
Loans held for investment at fair value		3,889,084	4,539,915
Other assets	[1]	403,982	455,453
Total assets		10,630,509	8,827,463
Liabilities
Other liabilities	[1]	220,541	222,801
Total liabilities		9,288,778	7,575,641
Consolidated
Assets
Restricted cash		0	3,454
Total securities available for sale		0	0
Loans held for investment at fair value		0	970
Other assets		0	14
Total assets		0	4,438
Liabilities
Borrowings		0	2,888
Other liabilities		0	4
Total liabilities		0	2,892
Total net assets (maximum loss exposure)		0	1,546
Unconsolidated
Assets
Restricted cash		0	0
Total securities available for sale		3,069,771	1,249,796
Loans held for investment at fair value		0	0
Other assets		46,269	31,531
Total assets		3,116,040	1,281,327
Liabilities
Borrowings		0	0
Other liabilities		6,313	3,301
Total liabilities		6,313	3,301
Total net assets (maximum loss exposure)		3,109,727	1,278,026
Total
Assets
Restricted cash		0	3,454
Total securities available for sale		3,069,771	1,249,796
Loans held for investment at fair value		0	970
Other assets		46,269	31,545
Total assets		3,116,040	1,285,765
Liabilities
Borrowings		0	2,888
Other liabilities		6,313	3,305
Total liabilities		6,313	6,193
Total net assets (maximum loss exposure)		$ 3,109,727	$ 1,279,572
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.”

Securitizations and Variable _4

Securitizations and Variable Interest Entities - Schedule of Unconsolidated VIEs (Details) - Unconsolidated - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair value of consideration received:
Cash	$ 394,205	$ 172,397	$ 5,320
Net securities retained from Structured Program transactions	2,711,693	1,299,313	2,180
Other assets (liabilities), net	35,877	16,740	(3,794)
Total consideration	3,141,775	1,488,450	3,706
Fair value of loans sold	(3,079,628)	(1,474,077)	(39,519)
Sale of senior securities related to Structured Program transactions	(30,000)	0	0
Deconsolidation of debt	880	0	36,072
Principal derecognized from loans securitized or sold	(737)	0	0
Gain on sales of loans and securities	32,290	14,373	259
Cash proceeds from continuing involvement:
Servicing and other administrative fees	27,047	5,475	8,618
Interest received on securities retained from Structured Program transactions	$ 164,807	$ 22,786	$ 7,285

Securitizations and Variable _5

Securitizations and Variable Interest Entities - Narrative (Details) - Off-Balance Sheet Loans - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding principal balance	$ 3,500	$ 1,600
Off-balance sheet loans, principal amount outstanding, 31 days or more past due	$ 44.7	$ 9.5

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Loans held for sale at fair value	$ 636,352	$ 407,773
Loans held for investment at fair value	1,027,798	272,678
Securities available for sale:
Total securities available for sale	3,452,648	1,620,262
Servicing assets	60,697	77,680
Other assets	5,820	3,525
Total assets	5,183,315	2,381,918
Liabilities
Borrowings		12,956
Other liabilities	16,818	19,727
Total liabilities	16,818	32,683
Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	2,899,824	1,176,403
U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	226,925	224,596
Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	169,948	73,393
U.S. agency securities
Securities available for sale:
Total securities available for sale	75,946	80,104
Mortgage-backed securities
Securities available for sale:
Total securities available for sale	56,674	37,076
Other asset-backed securities
Securities available for sale:
Total securities available for sale	20,792	26,101
Municipal securities
Securities available for sale:
Total securities available for sale	2,539	2,589
Level 1
Assets
Loans held for sale at fair value	0	0
Loans held for investment at fair value	0	0
Securities available for sale:
Total securities available for sale	0	0
Servicing assets	0	0
Other assets	0	0
Total assets	0	0
Liabilities
Borrowings		0
Other liabilities	0	0
Total liabilities	0	0
Level 1 | Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 1 | U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 1 | U.S. agency securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Other asset-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 1 | Municipal securities
Securities available for sale:
Total securities available for sale	0	0
Level 2
Assets
Loans held for sale at fair value	0	0
Loans held for investment at fair value	0	0
Securities available for sale:
Total securities available for sale	382,876	370,466
Servicing assets	0	0
Other assets	5,820	3,525
Total assets	388,696	373,991
Liabilities
Borrowings		0
Other liabilities	5,019	12,072
Total liabilities	5,019	12,072
Level 2 | Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 2 | U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	226,925	224,596
Level 2 | Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	0	0
Level 2 | U.S. agency securities
Securities available for sale:
Total securities available for sale	75,946	80,104
Level 2 | Mortgage-backed securities
Securities available for sale:
Total securities available for sale	56,674	37,076
Level 2 | Other asset-backed securities
Securities available for sale:
Total securities available for sale	20,792	26,101
Level 2 | Municipal securities
Securities available for sale:
Total securities available for sale	2,539	2,589
Level 3
Assets
Loans held for sale at fair value	636,352	407,773
Loans held for investment at fair value	1,027,798	272,678
Securities available for sale:
Total securities available for sale	3,069,772	1,249,796
Servicing assets	60,697	77,680
Other assets	0	0
Total assets	4,794,619	2,007,927
Liabilities
Borrowings		12,956
Other liabilities	11,799	7,655
Total liabilities	11,799	20,611
Level 3 | Senior asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	2,899,824	1,176,403
Level 3 | U.S. agency residential mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Other asset-backed securities related to Structured Program transactions
Securities available for sale:
Total securities available for sale	169,948	73,393
Level 3 | U.S. agency securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Mortgage-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Other asset-backed securities
Securities available for sale:
Total securities available for sale	0	0
Level 3 | Municipal securities
Securities available for sale:
Total securities available for sale	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Loans HFS (Details) - Level 3 - Loans Held for Sale	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Minimum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	7.10%	8.10%
Minimum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	1.80%	2.70%
Minimum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	15%	15.70%
Maximum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	11.90%	10.30%
Maximum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	21.20%	12.90%
Maximum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	27.60%	22.50%
Weighted-Average | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	7.90%	9%
Weighted-Average | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	5.40%	6.50%
Weighted-Average | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	20.40%	19.90%

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Sensitivity of Loans HFS at Fair Value to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	$ 636,352	$ 407,773
Loans Held for Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	636,352	407,773
Loans Held for Sale | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale at fair value	636,352	407,773
Discount rates, impact of 100 basis point increase	(7,663)	(5,093)
Discount rates, impact of 200 basis point increase	(15,174)	(10,051)
Expected credit loss rates on underlying loans, 10% adverse change	(6,436)	(5,102)
Expected credit loss rates on underlying loans, 20% adverse change	(12,937)	(10,184)
Expected prepayment rates, 10% adverse change	(1,274)	(851)
Expected prepayment rates, 20% adverse change	$ (2,444)	$ (1,628)
Loans Held for Sale | Fair Value, Measurements, Recurring | Expected Weighted-Average Life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 4 months 24 days	1 year 6 months

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Loans HFS at Fair Value Activity and Aggregate Fair Value of HFS Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for sale	$ 636,352	$ 407,773
Loans Held for Sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	407,773	110,400
Originations and purchases	5,194,160	4,942,457
Sales	(4,576,779)	(4,634,155)
Principal payments and cash received	(231,624)	(70,350)
Transfers	0	195,106
Realized charge-offs, net of recoveries, recorded in earnings	(20,336)	(13,597)
Fair value adjustments recorded in earnings	(136,842)	(122,088)
Fair value at end of period	636,352	407,773
Aggregate unpaid principal balance	657,984	431,955
Cumulative fair value adjustments	(21,632)	(24,182)
Fair value of loans held for sale	636,352	407,773
Loans Held for Sale | 90 or more days past due
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	3,719	1,395
Cumulative fair value adjustments	(3,012)	(1,102)
Fair value of loans held for sale	$ 707	$ 293

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value		$ 1,027,798	$ 272,678
Loans Held for Investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of loans HFI	$ 1,300,000
Loans Held for Investment | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value		1,027,798	262,190
Loans Held for Investment | Fair Value, Measurements, Recurring | Retail and Certificate Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value		$ 0	$ 10,500

Fair Value Measurements - Sch_5

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Loans HFI (Details) - Level 3 - Loans Held for Investment	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Minimum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	7.20%	8.40%
Minimum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	3%	1.90%
Minimum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	15.60%	18.60%
Maximum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	21.80%	16.20%
Maximum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	20.20%	5.90%
Maximum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	21.40%	27.70%
Weighted-Average | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	10.50%	12.80%
Weighted-Average | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	6.60%	3.70%
Weighted-Average | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	19.30%	22.60%

Fair Value Measurements - Sch_6

Fair Value Measurements - Schedule of Sensitivity of Loans HFI at Fair Value to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	$ 1,027,798	$ 272,678
Loans Held for Investment | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment at fair value	1,027,798	262,190
Discount rates, impact of 100 basis point increase	(7,832)	(1,957)
Discount rates, impact of 200 basis point increase	(15,557)	(3,888)
Expected credit loss rates on underlying loans, 10% adverse change	(11,821)	(1,753)
Expected credit loss rates on underlying loans, 20% adverse change	(25,428)	(3,595)
Expected prepayment rates, 10% adverse change	(4,813)	(857)
Expected prepayment rates, 20% adverse change	$ (9,854)	$ (1,675)
Loans Held for Investment | Fair Value, Measurements, Recurring | Weighted-Average | Expected Weighted-Average Life
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	10 months 24 days	10 months 24 days

Fair Value Measurements - Sch_7

Fair Value Measurements - Schedule of Loans HFI at Fair Value Activity and Aggregate Fair Value of HFI Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	$ 1,027,798	$ 272,678
Balance at Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	4,051,497	4,675,354
Loans Held for Investment
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	262,190	925,938
Originations and purchases	1,396,223	4,243
Principal payments and cash received	(618,472)	(485,043)
Transfers	0	(195,106)
Interest income accretion and fair value adjustments recorded in earnings	(12,143)	12,158
Fair value at end of period	1,027,798	262,190
Loans Held for Investment | Fair Value, Measurements, Recurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of loans held for investment	1,027,798	262,190
Loans Held for Investment | Fair Value, Measurements, Recurring | Balance at Fair Value | Off-Balance Sheet Loans
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	1,097,511	281,031
Cumulative fair value adjustments	(69,713)	(18,841)
Fair value of loans held for investment	1,027,798	262,190
Loans Held for Investment | Fair Value, Measurements, Recurring | Balance at Fair Value | Off-Balance Sheet Loans | 90 or more days past due
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Aggregate unpaid principal balance	14,616	3,774
Cumulative fair value adjustments	(11,836)	(3,037)
Fair value of loans held for investment	$ 2,780	$ 737

Fair Value Measurements - Sch_8

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Senior Asset-Backed Securities (Details) - Senior asset-backed securities related to Structured Program transactions - Discount rate	Dec. 31, 2024	Dec. 31, 2023
Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.060	0.070
Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.060	0.070
Weighted-Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.060	0.070

Fair Value Measurements - Sch_9

Fair Value Measurements - Schedule of Sensitivity in the Fair Value of Senior Asset-Backed Securities to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 3,452,648	$ 1,620,262
Senior asset-backed securities related to Structured Program transactions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,899,824	1,176,403
100 basis point increase	(37,315)	(18,016)
200 basis point increase	$ (74,630)	$ (36,033)
Senior asset-backed securities related to Structured Program transactions | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 2 months 12 days	1 year 6 months

Fair Value Measurements - Sc_10

Fair Value Measurements - Schedule of Senior Asset-Backed Securities at Fair Value Activity (Details) - Senior asset-backed securities related to Structured Program transactions - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Sensitivity Analysis of Debt Securities Available-for-Sale [Line Items]
Fair value at beginning of period	$ 1,176,403	$ 0
Originations and purchases	2,558,003	1,225,796
Sales	(30,114)	0
Principal payments and cash received	(823,331)	(60,283)
Change in unrealized gain (loss)	18,863	10,890
Fair value at end of period	$ 2,899,824	$ 1,176,403

Fair Value Measurements - Sc_11

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Other Asset-Backed Securities (Details) - Level 3 - Other asset-backed securities related to Structured Program transactions	Dec. 31, 2024	Dec. 31, 2023
Minimum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.071	0.081
Minimum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.034	0.049
Minimum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.187	0.192
Maximum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.110	0.103
Maximum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.074	0.059
Maximum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.209	0.210
Weighted-Average | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.079	0.090
Weighted-Average | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.050	0.055
Weighted-Average | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, debt securities available-for-sale	0.205	0.201

Fair Value Measurements - Sc_12

Fair Value Measurements - Schedule of Sensitivity in the Fair Value of Other Asset-Backed Securities to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 3,452,648	$ 1,620,262
Other asset-backed securities related to Structured Program transactions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	169,948	73,393
Discount rate:
100 basis point increase	(1,909)	(927)
200 basis point increase	(3,783)	(1,836)
Annualized net charge-off rate:
10% increase	(1,778)	(882)
20% increase	(3,567)	(1,771)
Annualized prepayment rate:
10% increase	(432)	(203)
20% increase	$ (835)	$ (430)
Other asset-backed securities related to Structured Program transactions | Weighted-Average
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Expected remaining weighted-average life (in years)	1 year 3 months 18 days	1 year 6 months

Fair Value Measurements - Sc_13

Fair Value Measurements - Schedule of Other Asset-Backed Securities at Fair Value Activity (Details) - Other asset-backed securities related to Structured Program transactions - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	$ 73,393	$ 12,469
Originations and purchases	153,690	73,516
Principal payments and cash received	(53,219)	(12,634)
Interest income accretion and fair value adjustments recorded in earnings	(3,217)	0
Change in unrealized gain (loss)	(699)	42
Fair value at end of period	$ 169,948	$ 73,393

Fair Value Measurements - Sc_14

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement of Servicing Assets (Details) - Level 3 - Servicing Assets	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Minimum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Total market servicing rates (percent per annum on outstanding principal balance)	0.62%	0.62%
Minimum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	8.70%	8.70%
Minimum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	1.80%	1.90%
Minimum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	14.80%	15.60%
Maximum
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Total market servicing rates (percent per annum on outstanding principal balance)	0.62%	0.62%
Maximum | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	17.30%	17.30%
Maximum | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	21.20%	24%
Maximum | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	27.50%	25.70%
Weighted-Average
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Total market servicing rates (percent per annum on outstanding principal balance)	0.62%	0.62%
Weighted-Average | Discount rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	10.80%	11.30%
Weighted-Average | Annualized Net Charge-Off Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	8.20%	8.70%
Weighted-Average | Annualized Prepayment Rate
Fair Value Inputs Assets And Liabilities Quantitative Information [Line Items]
Measurement input, percent	20%	20.30%

Fair Value Measurements - Sc_15

Fair Value Measurements - Schedule of Sensitivity in the Fair Value of Servicing Assets to Adverse Changes in Key Assumptions (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 60,697	$ 77,680
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	60,697	77,680	$ 84,308
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	60,697	77,680
Level 3 | Fair Value, Measurements, Recurring | Servicing Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing assets	$ 60,697	$ 77,680
Expected remaining weighted-average life (in years)	1 year 2 months 12 days	1 year 2 months 12 days
Discount rates, impact of 100 basis point increase	$ (519)	$ (675)
Discount rates, impact of 200 basis point increase	(1,038)	(1,349)
Expected credit loss on rates on underlying loans, 10% adverse change	(551)	(878)
Expected credit loss on rates on underlying loans, 20% adverse change	(1,102)	(1,756)
Expected prepayment rates, 10% adverse change	(1,359)	(1,550)
Expected prepayment rates, 20% adverse change	$ (2,718)	$ (3,100)

Fair Value Measurements - Sc_16

Fair Value Measurements - Schedule of Estimated Fair Value of Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in rate	0.10%	0.10%
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted-average market servicing rate assumptions, servicing assets	0.62%	0.62%
Market servicing rate increase by .1%	$ (6,940)	$ (8,719)
Market servicing rate decrease by .1%	$ 6,940	$ 8,719

Fair Value Measurements - Sc_17

Fair Value Measurements - Schedule of Servicing Assets at Fair Value Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	$ 77,680
Fair value at end of period	60,697	$ 77,680
Fair Value, Measurements, Recurring
Servicing Assets, Changes in fair value due to:
Fair value at beginning of period	77,680	84,308
Issuances	58,396	56,032
Change in fair value, included in Marketplace Revenue	(75,359)	(62,581)
Other net changes	(20)	(79)
Fair value at end of period	$ 60,697	$ 77,680

Fair Value Measurements - Sc_18

Fair Value Measurements - Schedule of Financial Instruments Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Loans and leases held for investment, net	$ 1,027,798	$ 272,678
Other assets	5,820	3,525
Total assets	5,183,315	2,381,918
Liabilities
Borrowings		12,956
Other liabilities	16,818	19,727
Total liabilities	16,818	32,683
Level 1
Assets
Loans and leases held for investment, net	0	0
Other assets	0	0
Total assets	0	0
Liabilities
Borrowings		0
Other liabilities	0	0
Total liabilities	0	0
Level 2
Assets
Loans and leases held for investment, net	0	0
Other assets	5,820	3,525
Total assets	388,696	373,991
Liabilities
Borrowings		0
Other liabilities	5,019	12,072
Total liabilities	5,019	12,072
Level 3
Assets
Loans and leases held for investment, net	1,027,798	272,678
Other assets	0	0
Total assets	4,794,619	2,007,927
Liabilities
Borrowings		12,956
Other liabilities	11,799	7,655
Total liabilities	11,799	20,611
Carrying Amount
Assets
Loans and leases held for investment, net	3,889,084	4,539,915
Other assets	40,466	37,605
Total assets	3,929,550	4,577,520
Liabilities
Deposits	2,294,214	1,714,889
Borrowings		6,398
Other liabilities	44,801	59,015
Total liabilities	2,339,015	1,780,302
Balance at Fair Value
Assets
Loans and leases held for investment, net	4,051,497	4,675,354
Other assets	40,804	37,901
Total assets	4,092,301	4,713,255
Liabilities
Deposits	2,306,373	1,714,203
Borrowings		6,398
Other liabilities	44,801	59,015
Total liabilities	2,351,174	1,779,616
Balance at Fair Value | Level 1
Assets
Loans and leases held for investment, net	0	0
Other assets	0	0
Total assets	0	0
Liabilities
Deposits	0	0
Borrowings		0
Other liabilities	0	0
Total liabilities	0	0
Balance at Fair Value | Level 2
Assets
Loans and leases held for investment, net	0	0
Other assets	40,143	36,884
Total assets	40,143	36,884
Liabilities
Deposits	0	0
Borrowings		0
Other liabilities	22,833	36,823
Total liabilities	22,833	36,823
Balance at Fair Value | Level 3
Assets
Loans and leases held for investment, net	4,051,497	4,675,354
Other assets	661	1,017
Total assets	4,052,158	4,676,371
Liabilities
Deposits	2,306,373	1,714,203
Borrowings		6,398
Other liabilities	21,968	22,192
Total liabilities	$ 2,328,341	$ 1,742,793

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Derivatives Not Designated (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 212,484	$ 7,307
Derivative asset	72
Derivative liability	$ (10,930)	$ (6,372)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other liabilities
Credit Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 12,484	$ 7,307
Derivative asset	0
Derivative liability	(10,930)	(6,372)
Interest Rate Caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	200,000	0
Derivative asset	72
Derivative liability	$ 0	$ 0

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Gains (Losses) on Derivatives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total losses	$ (4,952)	$ (6,372)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Marketplace revenue
Credit Derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total losses	$ (4,558)	(6,372)
Interest Rate Caps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total losses	$ (394)	$ 0

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Schedule of Notional and Gross Fair Value Amounts of Derivatives Used for Hedging (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	$ 212,484	$ 7,307
Derivative asset	72
Derivative liability	(10,930)	(6,372)
Interest Rate Swap | Fair Value Hedging | Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	1,300,000	1,500,000
Derivative asset	3,705
Derivative liability	(2,976)	(8,547)
Interest Rate Swap | Fair Value Hedging | Designated as Hedging Instrument | Financing Receivable
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	1,075,000	1,500,000
Derivative asset	1,323
Derivative liability	(2,976)	(8,547)
Interest Rate Swap | Fair Value Hedging | Designated as Hedging Instrument | Securities available for sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional	225,000	0
Derivative asset	2,382
Derivative liability	$ 0	$ 0

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Schedule of Gains (Losses) on Fair Value Hedges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total gains on fair value hedges	$ 5,415	$ 2,848
Unsecured personal loans:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged item	(7,009)	8,881
Derivatives used for hedging	6,894	(8,547)
Interest settlement on derivative	4,539	2,514
Total gains on fair value hedges	4,424	2,848
Securities available for sale:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged item	(2,197)	0
Derivatives used for hedging	2,382	0
Interest settlement on derivative	806	0
Total gains on fair value hedges	$ 991	$ 0

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Schedule of Cumulative Basis Adjustments for Fair Value Hedges (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Securities available for sale
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying amount of closed portfolio	$ 2,255,848	$ 0
Cumulative fair value adjustment to hedged item	(2,197)	0
Hedged layer of loans with a carrying amount	225,000
Loans and leases held for investment
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying amount of closed portfolio	1,388,222	3,109,854
Cumulative fair value adjustment to hedged item	1,872	8,881
Hedged layer of loans with a carrying amount	$ 1,075,000	$ 1,500,000

Property, Equipment and Softw_3

Property, Equipment and Software, Net - Schedule of Property, Equipment and Software, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Software	$ 222,000	$ 209,260
Leasehold improvements	30,699	30,764
Computer equipment	22,216	21,654
Furniture and fixtures	5,554	5,845
Total property, equipment and software	280,469	267,523
Accumulated depreciation and amortization	(112,937)	(106,006)
Total property, equipment and software, net	167,532	161,517
Internal-use software
Property, Plant and Equipment [Line Items]
Total property, equipment and software	43,400	66,900
Purchased software
Property, Plant and Equipment [Line Items]
Total property, equipment and software	$ 7,100	$ 4,600

Property, Equipment and Softw_4

Property, Equipment and Software, Net - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation and amortization	$ 49.8	$ 43	$ 39
Impairment expense on internally-developed software	$ 5.5	$ 0	$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 75,717,000	$ 75,717,000
Finite-Lived Intangible Assets [Line Items]
Goodwill	75,717,000	75,717,000
Goodwill impairment expense	0	0	$ 0
Amortization expense	3,500,000	4,200,000	4,800,000
Impairment of intangible assets	$ 0	$ 0	$ 0
Customer Relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortized period	10 years
Customer Relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortized period	14 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Gross and Net Carrying Values and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Total	$ 8,586
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying value	54,500	$ 54,500
Accumulated amortization	(45,914)	(42,365)
Total	$ 8,586	$ 12,135

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Expected Future Amortization Expense for Intangible Assets (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 2,901
2026	2,252
2027	1,603
2028	945
2029	568
Thereafter	317
Total	$ 8,586

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred tax assets, net		$ 137,155	$ 151,411
Servicing assets		61,020	78,401
Nonmarketable equity investments		44,114	42,891
Accrued interest receivable		40,388	35,793
Operating lease assets		21,304	26,611
Intangible assets, net		8,586	12,135
Other		91,415	108,211
Total other assets	[1]	403,982	455,453
Principal balance of underlying loan servicing rights		$ 7,300,000	$ 9,500,000
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.”

Deposits - Schedule of Deposits

Deposits - Schedule of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Interest-bearing deposits:
Savings and money market accounts	$ 5,903,869	$ 4,349,239
Certificates of deposit	2,294,214	1,714,889
Checking accounts	478,036	937,552
Total	8,676,119	7,001,680
Noninterest-bearing deposits	392,118	331,806
Total deposits	9,068,237	7,333,486
Uninsured certificates of deposit	$ 276,000	$ 150,100

Deposits - Schedule of Maturity

Deposits - Schedule of Maturity of Certificates of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
2025	$ 1,801,144
2026	461,873
2027	19,097
2028	2,057
2029	10,043
Total certificates of deposit	$ 2,294,214	$ 1,714,889

Borrowings - Schedule of Availa

Borrowings - Schedule of Available Borrowing Capacity and Related Pledged Collateral (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Available Borrowing Capacity	$ 3,261,151	$ 3,477,838
Asset Pledged as Collateral
Short-Term Debt [Line Items]
Pledged Collateral	4,075,432	4,346,052
FRB Discount Window | Asset Pledged as Collateral
Short-Term Debt [Line Items]
Pledged Collateral	3,245,547	3,507,541
FHLB of Des Moines | Asset Pledged as Collateral
Short-Term Debt [Line Items]
Pledged Collateral	829,885	838,511
FRB Discount Window
Short-Term Debt [Line Items]
Available Borrowing Capacity	2,635,034	2,816,501
FHLB of Des Moines
Short-Term Debt [Line Items]
Available Borrowing Capacity	$ 626,117	$ 661,337

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt outstanding	[1],[2]	$ 0	$ 19,354
Retail Notes, Certificates and Secured Borrowings
Debt Instrument [Line Items]
Debt outstanding			10,500
Paycheck Protection Program Liquidity Facility
Debt Instrument [Line Items]
Debt outstanding			6,400
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Debt outstanding			2,500
Paycheck Protection Program Liquidity Facility
Debt Instrument [Line Items]
Financial instruments, owned, at fair value			6,400
Payable on Structured Program borrowings
Debt Instrument [Line Items]
Financial instruments, owned, at fair value			$ 3,900
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.” (2) Prior period amounts have been reclassified to conform to the current period presentation.

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Accounts payable and accrued expenses		$ 78,131	$ 54,619
Operating lease liabilities		28,502	37,869
Payable to investors		22,833	36,823
Other		91,075	93,490
Total other liabilities	[1]	$ 220,541	$ 222,801
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.”

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Components of Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive Income (loss), before tax	$ 9,836	$ 10,238	$ (61,326)
Income tax effect	(3,775)	(2,926)	16,664
Other comprehensive income (loss), net of tax	6,061	7,312	(44,662)
Other comprehensive income (loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive Income (loss), before tax	9,836	10,238	(61,326)
Income tax effect	(3,775)	(2,926)	16,664
Other comprehensive income (loss), net of tax	6,061	7,312	(44,662)
Change in net unrealized gain on securities available for sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive Income (loss), before tax	9,836	10,238	(61,326)
Income tax effect	(3,775)	(2,926)	16,664
Other comprehensive income (loss), net of tax	$ 6,061	$ 7,312	$ (44,662)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Activity of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Change in net unrealized gain on securities available for sale	$ 6,061	$ 7,312	$ (44,662)
Change in net unrealized gain on securities available for sale
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(30,304)	(37,616)
Change in net unrealized gain on securities available for sale	6,061	7,312	(44,662)
Ending balance	$ (24,243)	$ (30,304)	$ (37,616)

Employee Incentive Plans - Sche

Employee Incentive Plans - Schedule of Shares of Common Stock Reserved for Future Issuance (Details) - shares	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total reserved for future issuance (in shares)	37,778,446	39,554,301
Restricted Stock Units, Performance-based Restricted Stock Units, Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Available for grant (in shares)	21,815,259	22,732,012
Unvested RSUs, PBRSUs and stock options outstanding (in shares)	7,281,684	9,338,246
Available for ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Available for grant (in shares)	8,681,503	7,484,043

Employee Incentive Plans - Sc_2

Employee Incentive Plans - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, gross	$ 47,117	$ 61,619	$ 74,380
Less: Capitalized stock-based compensation expense	7,048	9,230	8,018
Stock-based compensation expense, net	40,069	52,389	66,362
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, gross	43,841	57,213	66,495
PBRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, gross	3,276	4,406	7,839
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, gross	$ 0	$ 0	$ 46

Employee Incentive Plans - Sc_3

Employee Incentive Plans - Schedule of RSU Activity and PBRSU Activity (Details)	12 Months Ended
	Dec. 31, 2024 $ / shares shares
RSUs
Number of Units
Unvested, beginning (in shares) | shares	6,999,831
Granted (in shares) | shares	4,319,757
Vested (in shares) | shares	(4,445,168)
Forfeited/expired (in shares) | shares	(1,236,190)
Unvested, ending (in shares) | shares	5,638,230
Weighted- Average Grant Date Fair Value
Unvested, beginning (in dollars per share) | $ / shares	$ 9.42
Granted (in dollars per share) | $ / shares	8.99
Vested (in dollars per share) | $ / shares	9.92
Forfeited/expired (in dollars per share) | $ / shares	9.10
Unvested, ending (in dollars per share) | $ / shares	$ 8.78
PBRSUs
Number of Units
Unvested, beginning (in shares) | shares	1,469,813
Granted (in shares) | shares	462,060
Forfeited/expired (in shares) | shares	(719,664)
Unvested, ending (in shares) | shares	1,212,209
Weighted- Average Grant Date Fair Value
Unvested, beginning (in dollars per share) | $ / shares	$ 12.60
Granted (in dollars per share) | $ / shares	8.59
Forfeited/expired (in dollars per share) | $ / shares	16.64
Unvested, ending (in dollars per share) | $ / shares	$ 8.68

Employee Incentive Plans - Narr

Employee Incentive Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (shares)	0	0	0
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	4,319,757
Granted, aggregate fair value	$ 38.9
Unrecognized compensation cost related to unvested awards	$ 43.3
Unrecognized compensation cost, period for recognition	1 year 7 months 6 days
PBRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	462,060
Granted, aggregate fair value	$ 4
Unrecognized compensation cost related to unvested awards	$ 3.6
Unrecognized compensation cost, period for recognition	1 year 1 month 6 days
Performance period	3 years

Employee Incentive Plans - Sc_4

Employee Incentive Plans - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 29, 2023
Number of Options
Outstanding at the beginning of period (in shares)	868,602
Exercisable at the beginning of period (in shares)	868,602
Exercised (in shares)	(4,576)
Forfeited/Expired (in shares)	(432,781)
Outstanding at the end of period (in shares)	431,245
Exercisable at the end of period (in shares)	431,245
Weighted-Average Exercise Price Per Share
Beginning of period (in dollars per share)	$ 39.02
Exercisable at the beginning of period (in dollars per share)	39.02
Exercised (in dollars per share)	5.48
Forfeited/Expired (in dollars per share)	32.13
End of period (in dollars per share)	46.29
Exercisable at the end of period (in dollars per share)	$ 46.29
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-average remaining contractual life of options outstanding	1 year
Weighted-average remaining contractual life of options exercisable	1 year
Aggregate intrinsic value of options outstanding	$ 0
Aggregate intrinsic value of options exercisable	$ 0
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Stock price (in dollars per share)		$ 16.19

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax (Expense) Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal	$ (316)	$ (3,180)	$ 0
State	(2,551)	5,060	(20,812)
Total current tax (expense) benefit	(2,867)	1,880	(20,812)
Deferred:
Federal	(10,997)	(11,427)	121,520
State	128	(6,131)	35,940
Total deferred (expense) benefit	(10,869)	(17,558)	157,460
Income tax (expense) benefit	$ (13,736)	$ (15,678)	$ 136,648

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Amount
Statutory federal tax expense	$ (13,664)	$ (11,470)	$ (32,140)
State tax, net of federal tax (expense) benefit	(2,392)	(903)	11,951
Stock-based compensation tax (expense) benefit	(1,362)	(4,392)	271
Research and development tax credits	5,931	4,600	10,907
Change in valuation allowance	0	0	154,081
Change in unrecognized tax benefit	(1,779)	(1,380)	(3,438)
Non-deductible expenses	(1,576)	(2,351)	(4,737)
Benefit from intraperiod tax allocation	868	0	0
Other	238	218	(247)
Income tax (expense) benefit	$ (13,736)	$ (15,678)	136,648
Effective income tax rate reconciliation, change in deferred tax assets valuation allowance, federal and state, amount			175,600
Valuation allowance, deferred tax asset, increase (decrease), due to reassessment of realizability, amount			$ 143,500

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss carryforwards	$ 54,981	$ 60,432
Allowance for loan and lease losses	64,925	84,119
Stock-based compensation	4,849	7,399
Unrealized loss on AFS securities	9,096	12,484
Deferred compensation	9,862	6,574
Reserves and accruals	13,699	12,651
Operating lease liabilities	7,649	10,185
Goodwill	8,244	10,203
Tax credit carryforwards	31,416	27,924
Other	3,187	3,926
Gross deferred tax assets	207,908	235,897
Valuation allowance	(46,325)	(46,108)
Total deferred tax assets	161,583	189,789
Deferred tax liabilities:
Internally developed software	(5,280)	(9,934)
Servicing assets	(1,708)	(2,171)
Operating lease assets	(5,717)	(7,157)
Leases	(11,283)	(13,121)
Other	(440)	(5,995)
Total deferred tax liabilities	(24,428)	(38,378)
Deferred tax assets, net	$ 137,155	$ 151,411

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Valuation allowance	$ 46,325	$ 46,108
Amount of unrecognized tax benefits, if recognized, would impact the effective tax rate	22,400	19,500
Accrued interest and penalties related to unrecognized tax benefits	$ 400	$ 400

Income Taxes - Schedule of NOLs

Income Taxes - Schedule of NOLs and Tax Credit Carryforwards by Jurisdiction (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 64,280
Federal | Research and Development
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	36,802
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards, subject to expiration	494,329
Net operating loss carryforwards, not subject to expiration	41,469
State | Research and Development
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards	$ 21,102

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of the Beginning and Ending Balance of Total Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits at beginning of year	$ 30,062	$ 27,850	$ 22,512
Gross increase – tax positions related to prior years	671	(161)	2,488
Gross increase – tax positions related to current year	2,340	2,373	2,850
Unrecognized tax benefits at end of year	$ 33,073	$ 30,062	$ 27,850

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Sales-type lease, interest income	$ 5.2	$ 8.9	$ 10.2
Security deposit	0.6
Letters of credit outstanding, amount	1.1
Net lease costs	$ 10.5	$ 12	$ 12.3
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Lease renewal term	10 years
Maximum
Lessee, Lease, Description [Line Items]
Lease term	4 years
Lease renewal term	15 years

Leases - Schedule of Components

Leases - Schedule of Components of Equipment Finance (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Lease receivables	$ 49,290	$ 92,546
Unguaranteed residual asset values	20,728	28,913
Unearned income	(6,125)	(11,072)
Deferred fees	339	605
Total	$ 64,232	$ 110,992

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Based on Maturity (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 23,352
2026	14,078
2027	7,430
2028	4,457
2029	1,534
Thereafter	0
Total lease payments	50,851
Discount effect	(1,561)
Present value of future minimum lease payments	$ 49,290

Leases - Schedule of Balance Sh

Leases - Schedule of Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease assets	$ 21,304	$ 26,611
Operating lease liabilities	$ 28,502	$ 37,869
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Leased assets remeasured resulting from new, amended or modified operating lease liabilities	$ 1,987	$ (29,745)	$ (3,650)

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Undiscounted Lease Payments Under Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Operating Lease Payments
2025	$ 13,659
2026	7,973
2027	5,010
2028	4,046
2029	909
Thereafter	0
Total lease payments	31,597
Discount effect	3,095
Present value of future minimum lease payments	$ 28,502	$ 37,869

Leases - Schedule of Weighted-A

Leases - Schedule of Weighted-Average Remaining Lease Term and Discount Rate (Details)	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	2 years 11 months 23 days	3 years 8 months 19 days
Weighted-average discount rate	4.87%	5.04%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unfunded Loan Commitment, Commitments to Extend Credit
Commitments and Contingencies [Line Items]
Unfunded loan commitments	$ 105	$ 78.1	$ 138

Regulatory Requirements - Narra

Regulatory Requirements - Narrative (Details) $ in Millions	Dec. 31, 2021 USD ($)
Regulated Operations [Abstract]
Capital benefit used in the computation of common equity tier one capital	$ 35

Regulatory Requirements - Sched

Regulatory Requirements - Schedule of Regulatory Capital Amounts and Ratios (Details) $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
LendingClub Corporation
Amount
CET1 capital	$ 1,188.6	$ 1,090.2
Tier 1 capital	1,188.6	1,090.2
Total capital	1,276.5	1,169.2
Tier 1 leverage	1,188.6	1,090.2
Risk-weighted assets	6,887.1	6,104.5
Quarterly adjusted average assets	$ 10,814	$ 8,476.1
Ratio
CET1 capital	0.173	0.179
Tier 1 capital	0.173	0.179
Total capital	0.185	0.192
Tier 1 leverage	0.110	0.129
Well-Capitalized Minimum
Tier 1 capital	0.060
Total capital	0.100
LendingClub Bank
Amount
CET1 capital	$ 1,101.4	$ 949.4
Tier 1 capital	1,101.4	949.4
Total capital	1,188.5	1,027.4
Tier 1 leverage	1,101.4	949.4
Risk-weighted assets	6,823.1	6,022.2
Quarterly adjusted average assets	$ 10,696.7	$ 8,337.4
Ratio
CET1 capital	0.161	0.158
Tier 1 capital	0.161	0.158
Total capital	0.174	0.171
Tier 1 leverage	0.103	0.114
Well-Capitalized Minimum
CET1 capital	0.065
Tier 1 capital	0.080
Total capital	0.100
Tier 1 leverage	0.050

Segment Reporting - Schedule of

Segment Reporting - Schedule of Segment Reporting Information by Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Marketplace revenue	$ 242,791	$ 291,484	$ 683,626
Other non-interest income	10,179	11,297	28,765
Total non-interest income	252,970	302,781	712,391
Interest income	907,958	832,630	557,340
Interest expense	(373,917)	(270,792)	(82,515)
Net interest income	534,041	561,838	474,825
Total net revenue	787,011	864,619	1,187,216
Provision for credit losses	(178,267)	(243,565)	(267,326)
Non-interest expense:
Compensation and benefits	(232,158)	(261,948)	(339,397)
Marketing	(100,402)	(93,840)	(197,747)
Equipment and software	(51,194)	(53,485)	(49,198)
Depreciation and amortization	(58,834)	(47,195)	(43,831)
Professional services	(32,045)	(35,173)	(50,516)
Occupancy	(15,798)	(17,532)	(21,977)
Other non-interest expense	(53,247)	(57,264)	(64,187)
Total non-interest expense	(543,678)	(566,437)	(766,853)
Income tax (expense) benefit	(13,736)	(15,678)	136,648
Net income	51,330	38,939	289,685
Operating Segments
Segment Reporting Information [Line Items]
Marketplace revenue	213,516	248,198	658,767
Other non-interest income	62,681	84,187	100,836
Total non-interest income	276,197	332,385	759,603
Interest income	907,958	832,630	557,340
Interest expense	(373,917)	(270,792)	(82,515)
Net interest income	534,041	561,838	474,825
Total net revenue	810,238	894,223	1,234,428
Provision for credit losses	(178,267)	(243,565)	(267,326)
Non-interest expense:
Compensation and benefits	(232,158)	(261,948)	(339,397)
Marketing	(100,402)	(93,840)	(197,747)
Equipment and software	(51,194)	(53,485)	(49,198)
Depreciation and amortization	(58,834)	(47,195)	(43,831)
Professional services	(32,045)	(35,173)	(50,516)
Occupancy	(15,798)	(17,532)	(21,977)
Other non-interest expense	(76,474)	(86,868)	(111,399)
Total non-interest expense	(566,905)	(596,041)	(814,065)
Income tax (expense) benefit	(13,736)	(15,678)	83,600
Net income	51,330	38,939	236,637
Capital expenditures	54,302	59,509	69,481
Operating Segments | LendingClub Bank
Segment Reporting Information [Line Items]
Marketplace revenue	176,921	206,381	610,536
Other non-interest income	53,643	74,684	85,208
Total non-interest income	230,564	281,065	695,744
Interest income	902,741	818,206	526,471
Interest expense	(373,219)	(266,218)	(60,954)
Net interest income	529,522	551,988	465,517
Total net revenue	760,086	833,053	1,161,261
Provision for credit losses	(178,267)	(243,565)	(267,326)
Non-interest expense:
Compensation and benefits	(225,620)	(255,428)	(331,627)
Marketing	(100,400)	(93,840)	(197,559)
Equipment and software	(51,068)	(53,239)	(49,004)
Depreciation and amortization	(50,309)	(30,216)	(16,489)
Professional services	(31,376)	(33,963)	(49,993)
Occupancy	(7,582)	(7,980)	(8,631)
Other non-interest expense	(54,963)	(62,360)	(71,001)
Total non-interest expense	(521,318)	(537,026)	(724,304)
Income tax (expense) benefit	(12,824)	(17,881)	(42,354)
Net income	47,677	34,581	127,277
Capital expenditures	54,302	59,509	69,481
Operating Segments | LendingClub Corporation (Parent only)
Segment Reporting Information [Line Items]
Marketplace revenue	36,595	41,817	48,231
Other non-interest income	9,038	9,503	15,628
Total non-interest income	45,633	51,320	63,859
Interest income	5,217	14,424	30,869
Interest expense	(698)	(4,574)	(21,561)
Net interest income	4,519	9,850	9,308
Total net revenue	50,152	61,170	73,167
Provision for credit losses	0	0	0
Non-interest expense:
Compensation and benefits	(6,538)	(6,520)	(7,770)
Marketing	(2)	0	(188)
Equipment and software	(126)	(246)	(194)
Depreciation and amortization	(8,525)	(16,979)	(27,342)
Professional services	(669)	(1,210)	(523)
Occupancy	(8,216)	(9,552)	(13,346)
Other non-interest expense	(21,511)	(24,508)	(40,398)
Total non-interest expense	(45,587)	(59,015)	(89,761)
Income tax (expense) benefit	(912)	2,203	125,954
Net income	3,653	4,358	109,360
Capital expenditures	0	0	0
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total net revenue	$ (23,227)	$ (29,604)	$ (47,212)

Segment Reporting - Schedule _2

Segment Reporting - Schedule of Segment Reporting Information by Balance Sheet (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Total cash and cash equivalents		$ 954,058	$ 1,252,504
Restricted cash	[1]	23,338	41,644
Total securities available for sale		3,452,648	1,620,262
Loans and leases held for investment, net		3,889,084	4,539,915
Loans held for investment at fair value	[1],[2]	1,027,798	272,678
Property, equipment and software, net		167,532	161,517
Goodwill		75,717	75,717
Other assets	[1]	403,982	455,453
Total assets		10,630,509	8,827,463
Liabilities and Equity
Total deposits		9,068,237	7,333,486
Other liabilities	[1]	220,541	222,801
Total liabilities		9,288,778	7,575,641
Total equity		1,341,731	1,251,822	$ 1,164,294	$ 850,242
Total liabilities and equity		10,630,509	8,827,463
Operating Segments
Assets
Total cash and cash equivalents		998,444	1,340,479
Restricted cash		27,536	46,628
Total securities available for sale		3,452,648	1,620,262
Loans held for sale at fair value		636,352	407,773
Loans and leases held for investment, net		3,889,084	4,539,915
Loans held for investment at fair value		1,027,798	272,678
Property, equipment and software, net		167,532	161,517
Investment in subsidiary		910,544	816,703
Goodwill		75,717	75,717
Other assets		421,819	472,815
Total assets		11,607,474	9,754,487
Liabilities and Equity
Total deposits		9,116,821	7,426,445
Borrowings		0	19,354
Other liabilities		238,378	240,163
Total liabilities		9,355,199	7,685,962
Total equity		2,252,275	2,068,525
Total liabilities and equity		11,607,474	9,754,487
Operating Segments | LendingClub Bank
Assets
Total cash and cash equivalents		932,463	1,230,206
Restricted cash		0	0
Total securities available for sale		3,452,648	1,617,309
Loans held for sale at fair value		636,352	407,773
Loans and leases held for investment, net		3,889,084	4,539,915
Loans held for investment at fair value		1,023,226	253,800
Property, equipment and software, net		158,995	144,439
Investment in subsidiary		0	0
Goodwill		75,717	75,717
Other assets		300,621	341,680
Total assets		10,469,106	8,610,839
Liabilities and Equity
Total deposits		9,116,821	7,426,445
Borrowings		0	6,398
Other liabilities		177,711	154,077
Total liabilities		9,294,532	7,586,920
Total equity		1,174,574	1,023,919
Total liabilities and equity		10,469,106	8,610,839
Operating Segments | LendingClub Corporation (Parent only)
Assets
Total cash and cash equivalents		65,981	110,273
Restricted cash		27,536	46,628
Total securities available for sale		0	2,953
Loans held for sale at fair value		0	0
Loans and leases held for investment, net		0	0
Loans held for investment at fair value		4,572	18,878
Property, equipment and software, net		8,537	17,078
Investment in subsidiary		910,544	816,703
Goodwill		0	0
Other assets		121,198	131,135
Total assets		1,138,368	1,143,648
Liabilities and Equity
Total deposits		0	0
Borrowings		0	12,956
Other liabilities		60,667	86,086
Total liabilities		60,667	99,042
Total equity		1,077,701	1,044,606
Total liabilities and equity		1,138,368	1,143,648
Intersegment Eliminations
Assets
Total assets		(976,965)	(927,024)
Liabilities and Equity
Total liabilities		(66,421)	(110,321)
Total equity		$ (910,544)	$ (816,703)
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.” (2) Prior period amounts have been reclassified to conform to the current period presentation.

LendingClub Corporation _ Par_3

LendingClub Corporation – Parent Company-Only Financial Statements - Statements of Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-interest income:
Marketplace revenue		$ 242,791	$ 291,484	$ 683,626
Other non-interest income		10,179	11,297	28,765
Total non-interest income		252,970	302,781	712,391
Interest income:
Interest on loans held for sale		92,442	35,655	26,183
Interest on loans held for investment at fair value	[1]	77,034	74,088	31,012
Interest on securities available for sale		187,961	40,235	16,116
Other interest income		56,307	65,917	18,579
Total interest income		907,958	832,630	557,340
Interest expense:
Other interest expense	[1]	4,698	5,236	22,064
Total interest expense		373,917	270,792	82,515
Net interest income		534,041	561,838	474,825
Total net revenue		787,011	864,619	1,187,216
Non-interest expense:
Compensation and benefits		232,158	261,948	339,397
Marketing		100,402	93,840	197,747
Equipment and software		51,194	53,485	49,198
Depreciation and amortization		58,834	47,195	43,831
Professional services		32,045	35,173	50,516
Occupancy		15,798	17,532	21,977
Other non-interest expense		53,247	57,264	64,187
Total non-interest expense		543,678	566,437	766,853
Income tax (expense) benefit		(13,736)	(15,678)	136,648
Net income		51,330	38,939	289,685
LendingClub Corporation
Non-interest income:
Marketplace revenue		36,595	41,817	48,231
Other non-interest income		9,038	9,503	15,628
Total non-interest income		45,633	51,320	63,859
Interest income:
Interest on loans held for sale		0	0	1,390
Interest on loans held for investment at fair value		1,831	6,811	21,010
Interest on securities available for sale		2,785	6,802	7,608
Other interest income		601	811	861
Total interest income		5,217	14,424	30,869
Interest expense:
Other interest expense		698	4,574	21,561
Total interest expense		698	4,574	21,561
Net interest income		4,519	9,850	9,308
Total net revenue		50,152	61,170	73,167
Non-interest expense:
Compensation and benefits		6,538	6,520	7,770
Marketing		2	0	188
Equipment and software		126	246	194
Depreciation and amortization		8,525	16,979	27,342
Professional services		669	1,210	523
Occupancy		8,216	9,552	13,346
Other non-interest expense		21,511	24,508	40,398
Total non-interest expense		45,587	59,015	89,761
Income (Loss) before income tax (expense) benefit		4,565	2,155	(16,594)
Income tax (expense) benefit		(912)	2,203	125,954
Net income		3,653	4,358	109,360
Equity in undistributed earnings of subsidiary		47,677	34,581	127,277
Net income		$ 51,330	$ 38,939	$ 236,637
[1] (1) Prior period amounts have been reclassified to conform to the current period presentation.

LendingClub Corporation _ Par_4

LendingClub Corporation – Parent Company-Only Financial Statements - Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Net income	$ 51,330	$ 38,939	$ 289,685
Other comprehensive income (loss), net of tax:
Other comprehensive income (loss), net of tax	6,061	7,312	(44,662)
Total comprehensive income	57,391	46,251	245,023
LendingClub Corporation
Condensed Financial Statements, Captions [Line Items]
Net income	51,330	38,939	236,637
Other comprehensive income (loss), net of tax:
Change in net unrealized gain (loss) on securities available for sale	(3,076)	6,706	(1,556)
Equity in other comprehensive income (loss) of subsidiary	9,137	(1,282)	(43,528)
Other comprehensive income (loss), net of tax	6,061	5,424	(45,084)
Total comprehensive income	$ 57,391	$ 44,363	$ 191,553

LendingClub Corporation _ Par_5

LendingClub Corporation – Parent Company-Only Financial Statements - Balance Sheets (Details) - USD ($) $ / shares in Units, $ in Thousands		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks		$ 15,524	$ 14,993
Interest-bearing deposits in banks		938,534	1,237,511
Total cash and cash equivalents		954,058	1,252,504
Restricted cash	[1]	23,338	41,644
Total securities available for sale		3,452,648	1,620,262
Loans held for investment at fair value	[1],[2]	1,027,798	272,678
Property, equipment and software, net		167,532	161,517
Other assets	[1]	403,982	455,453
Total assets		10,630,509	8,827,463
Liabilities
Other liabilities	[1]	220,541	222,801
Total liabilities		9,288,778	7,575,641
Equity
Common stock, $0.01 par value; 180,000,000 shares authorized; 113,383,917 and 110,410,602 shares issued and outstanding, respectively		1,134	1,104
Additional paid-in capital		1,702,316	1,669,828
Accumulated deficit		(337,476)	(388,806)
Accumulated other comprehensive loss		(24,243)	(30,304)
Total equity		1,341,731	1,251,822	$ 1,164,294	$ 850,242
Total liabilities and equity		10,630,509	8,827,463
Securities available for sale, amortized cost		$ 3,492,264	$ 1,663,990
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized (shares)		180,000,000	180,000,000
Common stock, shares outstanding (in shares)		113,383,917	110,410,602
Common stock, shares issued (shares)		113,383,917	110,410,602
LendingClub Corporation
Assets
Cash and due from banks		$ 52,398	$ 96,384
Interest-bearing deposits in banks		13,583	13,889
Total cash and cash equivalents		65,981	110,273
Restricted cash		27,536	46,628
Total securities available for sale		0	2,953
Loans held for investment at fair value		4,572	18,878
Property, equipment and software, net		8,537	17,078
Investment in subsidiary		1,177,745	937,987
Other assets		118,027	126,899
Total assets		1,402,398	1,260,696
Liabilities
Borrowings		0	12,956
Other liabilities		60,667	86,086
Total liabilities		60,667	99,042
Equity
Common stock, $0.01 par value; 180,000,000 shares authorized; 113,383,917 and 110,410,602 shares issued and outstanding, respectively		1,134	1,104
Additional paid-in capital		1,702,316	1,669,828
Accumulated deficit		(337,476)	(468,097)
Accumulated other comprehensive loss		(24,243)	(41,181)
Total equity		1,341,731	1,161,654
Total liabilities and equity		1,402,398	1,260,696
Securities available for sale, amortized cost		$ 0	$ 264
[1] (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.” (2) Prior period amounts have been reclassified to conform to the current period presentation.

LendingClub Corporation _ Par_6

LendingClub Corporation – Parent Company-Only Financial Statements - Statements of Cash Flows (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income		$ 51,330	$ 38,939	$ 289,685
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Net fair value adjustments		154,659	134,114	(8,503)
Change in fair value of loan servicing assets		75,359	62,581	73,229
Stock-based compensation, net		40,069	52,389	66,362
Depreciation and amortization		58,834	47,195	43,831
Income tax benefit from release of tax valuation allowance		0	0	(143,495)
Other, net		10,754	(8,932)	(1,828)
Net change to loans held for sale		(3,101,778)	(1,535,037)	8,032
Net change in operating assets and liabilities:
Other assets		22,422	54,894	(16,762)
Other liabilities		(6,458)	(87,746)	(20,836)
Net cash (used for) provided by operating activities		(2,634,174)	(1,136,600)	375,568
Cash Flows from Investing Activities:
Net change in loans held for investment	[1]	(223,857)	544,821	(2,599,440)
Proceeds from maturities and paydowns of securities available for sale		938,409	97,709	86,078
Other investing activities		(2,651)	(4,676)	(4,423)
Net cash provided by (used for) investing activities		607,813	516,697	(2,809,800)
Cash Flows from Financing Activities:
Principal payments on borrowings	[1]	(19,202)	(111,993)	(452,343)
Other financing activities		(13,668)	(19,833)	(9,028)
Net cash provided by financing activities		1,709,609	789,567	2,795,130
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash		(316,752)	169,664	360,898
Cash, cash equivalents and restricted cash, beginning of period		1,294,148	1,124,484	763,586
Cash, cash equivalents and restricted cash, end of period		977,396	1,294,148	1,124,484
Cash, cash equivalents and restricted cash
Cash and cash equivalents		954,058	1,252,504
Restricted cash	[2]	23,338	41,644
Total cash, cash equivalents and restricted cash		977,396	1,294,148	1,124,484
LendingClub Corporation
Cash flows from operating activities:
Net income		51,330	38,939	236,637
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Equity in undistributed earnings of subsidiary		(47,677)	(34,581)	(127,277)
Net fair value adjustments		(2,716)	(2,903)	(5,929)
Change in fair value of loan servicing assets		40,590	50,281	33,840
Stock-based compensation, net		4,505	5,253	6,310
Depreciation and amortization		8,525	16,979	27,342
Income tax benefit from release of tax valuation allowance		0	0	(124,975)
Other, net		5	274	16
Net change to loans held for sale		1,121	5,953	31,658
Net change in operating assets and liabilities:
Other assets		(57,859)	(32,805)	39,462
Other liabilities		(26,349)	(30,741)	(36,480)
Net cash (used for) provided by operating activities		(28,525)	16,649	80,604
Cash Flows from Investing Activities:
Payments for investments in and advances to subsidiary		(50,000)	0	(50,000)
Purchase of servicing asset investment		(47,450)	(50,576)	(59,880)
Proceeds from servicing asset investment		72,718	72,343	24,564
Net change in loans held for investment		16,081	52,611	176,296
Proceeds from maturities and paydowns of securities available for sale		264	7,861	46,548
Other investing activities		0	200	2,370
Net cash provided by (used for) investing activities		(8,387)	82,439	139,898
Cash Flows from Financing Activities:
Principal payments on borrowings		(12,804)	(54,237)	(244,398)
Other financing activities		(13,668)	(19,834)	(9,028)
Net cash provided by financing activities		(26,472)	(74,071)	(253,426)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash		(63,384)	25,017	(32,924)
Cash, cash equivalents and restricted cash, beginning of period		156,901	131,884	164,808
Cash, cash equivalents and restricted cash, end of period		93,517	156,901	131,884
Cash, cash equivalents and restricted cash
Cash and cash equivalents		65,981	110,273
Restricted cash		27,536	46,628
Total cash, cash equivalents and restricted cash		$ 93,517	$ 156,901	$ 131,884
[1] (1) Prior period amounts have been reclassified to conform to the current period presentation. (1) Includes amounts in consolidated VIEs as of December 31, 2023. See “ Notes to Consolidated Financial Statements – Note 6. Securitizations and Variable Interest Entities.”