LendingClub (LC) AGM 2026 summary

Opening remarks and agenda

• The meeting was called to order by the board chairman, with management and board members present, including representatives from Deloitte & Touche LLP and American Election Services.

• The agenda was posted online, and procedures for voting and participation were outlined to ensure an orderly meeting.

Financial performance review

• Full-year originations grew 33% to nearly $10 billion in 2025, with earnings per share more than doubling and a double-digit return on tangible common equity.

• Credit performance outperformed competitors, and all product lines experienced growth.

• The company advanced its engagement strategy with LevelUp deposit products and expanded into home improvement financing.

Board and executive committee updates

• Hans Morris stepped down from the board after 13 years, including 10 as chairman, and was recognized for his contributions.

• Three Class III directors—Kathryn Reimann, Scott Sanborn, and Michael Zeisser—were nominated for election.