2024 Q2 Form 10-Q Financial Statement

#000140997024000024 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $187.2M $265.2M
YoY Change -19.46% -12.03%
Cost Of Revenue $91.11M $84.46M
YoY Change 51.61%
Gross Profit $187.2M $180.7M
YoY Change -26.46%
Gross Profit Margin 100.0% 68.15%
Selling, General & Admin $107.3M $107.3M
YoY Change -13.54% -15.66%
% of Gross Profit 57.31% 59.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.07M $12.67M
YoY Change 12.32% 2.58%
% of Gross Profit 6.98% 7.01%
Operating Expenses $167.8M $164.2M
YoY Change -22.9% -27.97%
Operating Profit $19.42M $16.53M
YoY Change -7.16%
Interest Expense $91.11M $84.46M
YoY Change 34.31% 51.61%
% of Operating Profit 469.09% 511.03%
Other Income/Expense, Net
YoY Change
Pretax Income $19.42M $16.53M
YoY Change 31.27% -7.16%
Income Tax $4.519M $4.278M
% Of Pretax Income 23.27% 25.88%
Net Earnings $14.90M $12.25M
YoY Change 47.41% -10.36%
Net Earnings / Revenue 7.96% 4.62%
Basic Earnings Per Share $0.13 $0.11
Diluted Earnings Per Share $0.13 $0.11
COMMON SHARES
Basic Shares Outstanding 111.1M shares 110.4M shares
Diluted Shares Outstanding 111.5M shares 110.7M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $938.1M $1.066B
YoY Change -22.08% -34.86%
Cash & Equivalents $969.5M $1.050B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $938.1M $1.066B
YoY Change -22.08% -34.86%
LONG-TERM ASSETS
Property, Plant & Equipment $166.2M $163.6M
YoY Change -19.75% 13.6%
Goodwill $75.72M $75.72M
YoY Change 0.0% 0.0%
Intangibles $10.29M $11.17M
YoY Change -27.35% -26.55%
Long-Term Investments $2.814B $3.206B
YoY Change 129.96% 163.18%
Other Assets $31.33M $36.08M
YoY Change -84.65% -83.47%
Total Long-Term Assets $8.648B $8.179B
YoY Change 21.14% 14.92%
TOTAL ASSETS
Total Short-Term Assets $938.1M $1.066B
Total Long-Term Assets $8.648B $8.179B
Total Assets $9.586B $9.245B
YoY Change 14.91% 5.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.90M $46.31M
YoY Change 0.13% -9.43%
Accrued Expenses $32.31M $35.14M
YoY Change -52.55% -50.09%
Deferred Revenue
YoY Change
Short-Term Debt $8.095B $7.522B
YoY Change 18.29% 4.19%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.095B $7.522B
YoY Change 14.11% 0.67%
LONG-TERM LIABILITIES
Long-Term Debt $5.474M $262.6M
YoY Change -87.12% 185.89%
Other Long-Term Liabilities $197.3M $194.3M
YoY Change
Total Long-Term Liabilities $202.8M $456.9M
YoY Change 376.99% 397.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.095B $7.522B
Total Long-Term Liabilities $202.8M $456.9M
Total Liabilities $8.298B $7.979B
YoY Change 16.27% 5.49%
SHAREHOLDERS EQUITY
Retained Earnings -$361.7M -$376.6M
YoY Change -10.48% -9.06%
Common Stock $1.118M $1.111M
YoY Change 2.85% 3.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.288B $1.266B
YoY Change
Total Liabilities & Shareholders Equity $9.586B $9.245B
YoY Change 14.91% 5.61%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $14.90M $12.25M
YoY Change 47.41% -10.36%
Depreciation, Depletion And Amortization $13.07M $12.67M
YoY Change 12.32% 2.58%
Cash From Operating Activities -$932.5M -$846.5M
YoY Change 920.67% -839.37%
INVESTING ACTIVITIES
Capital Expenditures $12.87M $11.78M
YoY Change -18.87% -28.16%
Acquisitions
YoY Change
Other Investing Activities $499.8M $12.16M
YoY Change 429.64% 82.22%
Cash From Investing Activities $487.0M $216.9M
YoY Change 520.21% -164.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 312.6M $437.8M
YoY Change -172.23% -43.99%
NET CHANGE
Cash From Operating Activities -932.5M -$846.5M
Cash From Investing Activities 487.0M $216.9M
Cash From Financing Activities 312.6M $437.8M
Net Change In Cash -132.9M -$191.8M
YoY Change -70.17% -134.26%
FREE CASH FLOW
Cash From Operating Activities -$932.5M -$846.5M
Capital Expenditures $12.87M $11.78M
Free Cash Flow -$945.3M -$858.3M
YoY Change 781.72% -974.97%

Facts In Submission

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CY2023Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
14125000 usd
CY2024Q1 lc Fair Value Adjustments Loans Notes And Certificates Net
FairValueAdjustmentsLoansNotesAndCertificatesNet
-44689000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1294148000 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
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.
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company made the following presentation changes in the condensed consolidated financial statements and accompanying notes during the first quarter of 2024:</span></div><div style="margin-top:6pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Condensed Consolidated Balance Sheets (Balance Sheet) – “Retail and certificate loans held for investment at fair value” were combined within “Loans held for investment at fair value” and “Retail notes and certificates at fair value” were combined within “Borrowings”;</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Condensed 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</span></div><div style="margin-top:3pt;padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">Condensed Consolidated Statements 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” were combined within “Principal payments on borrowings.”</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In all instances, the respective prior period amounts have been reclassified to conform to the current period presentation.</span></div>
CY2024Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
10909000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
981000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
315760000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
56643000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
387500000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
57624000 usd
CY2023Q1 lc Fair Value Adjustments Loans Notes And Certificates Net
FairValueAdjustmentsLoansNotesAndCertificatesNet
-15414000 usd
CY2024Q1 lc Marketplace Revenue
MarketplaceRevenue
55891000 usd
CY2023Q1 lc Marketplace Revenue
MarketplaceRevenue
95634000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12250000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13666000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110685796 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106912139 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12250000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13666000 usd
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
110687380 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106917770 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
2284550000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
10478000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
63636000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
2892000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
2228500000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
1663990000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
13896000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
57624000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1620262000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
375789000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
435000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
327942000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
63201000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
703731000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
63636000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
71740000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
1875144000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1881649000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Maturity After One Through Five Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterOneThroughFiveYearsWeightedAverageYield
0.0807
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
41202000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
38636000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Maturity After Five Through Ten Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfterFiveThroughTenYearsWeightedAverageYield
0.0423
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
368204000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
308215000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Maturity After10 Years Weighted Average Yield
DebtSecuritiesAvailableForSaleMaturityAfter10YearsWeightedAverageYield
0.0283
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss
2284550000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
2228500000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Weighted Average Yield
DebtSecuritiesAvailableForSaleWeightedAverageYield
0.0702
CY2024Q1 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
30700000 usd
CY2023Q4 us-gaap Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
32200000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4505816000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4850302000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
259150000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
310387000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
4246666000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
4539915000 usd
CY2024Q1 lc Loans Pledged As Collateral Under The Federal Reserve Bank Discount Window
LoansPledgedAsCollateralUnderTheFederalReserveBankDiscountWindow
3000000000 usd
CY2023Q4 lc Loans Pledged As Collateral Under The Federal Reserve Bank Discount Window
LoansPledgedAsCollateralUnderTheFederalReserveBankDiscountWindow
3500000000 usd
CY2024Q1 lc Financing Receivable Allowance For Credit Loss Gross Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossGrossExcludingAccruedInterest
311794000 usd
CY2023Q4 lc Financing Receivable Allowance For Credit Loss Gross Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossGrossExcludingAccruedInterest
355773000 usd
CY2024Q1 lc Financing Receivable Allowance For Credit Loss Gross Excluding Accrued Interest Recovery Asset Value
FinancingReceivableAllowanceForCreditLossGrossExcludingAccruedInterestRecoveryAssetValue
52644000 usd
CY2023Q4 lc Financing Receivable Allowance For Credit Loss Gross Excluding Accrued Interest Recovery Asset Value
FinancingReceivableAllowanceForCreditLossGrossExcludingAccruedInterestRecoveryAssetValue
45386000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
259150000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
310387000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4505816000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
259150000 usd
CY2024Q1 srt Financing Receivable Allowance For Credit Loss To Outstanding Percent
FinancingReceivableAllowanceForCreditLossToOutstandingPercent
0.058
CY2024Q1 lc Financing Receivable Allowance For Credit Loss Gross Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossGrossExcludingAccruedInterest
311794000 usd
CY2024Q1 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
0.069
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
4850302000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
310387000 usd
CY2023Q4 srt Financing Receivable Allowance For Credit Loss To Outstanding Percent
FinancingReceivableAllowanceForCreditLossToOutstandingPercent
0.064
CY2023Q4 lc Financing Receivable Allowance For Credit Loss Gross Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossGrossExcludingAccruedInterest
355773000 usd
CY2023Q4 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
0.073
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
310387000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
327852000 usd
CY2024Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
29246000 usd
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
70850000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
90342000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
52563000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
9859000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
2718000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
259150000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
348857000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
23342000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
48129000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
18060000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
0 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
811000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
90342000 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
45307000 usd
CY2024Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
7559000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
44382000 usd
CY2023Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
4089000 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
45307000 usd
CY2024Q1 srt Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
0.010
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
44382000 usd
CY2023Q4 srt Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
0.009
CY2024Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
550415000 usd
CY2024Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
427396000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
2228500000 usd
CY2024Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
71830000 usd
CY2024Q1 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
4156000 usd
CY2024Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
3282297000 usd
CY2024Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
8643000 usd
CY2024Q1 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
13168000 usd
CY2024Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
21811000 usd
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
407773000 usd
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
272678000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
1620262000 usd
CY2023Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
77680000 usd
CY2023Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
3525000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
2381918000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
12956000 usd
CY2023Q4 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
19727000 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
32683000 usd
CY2023Q4 lc Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Percentage Change In Servicing Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsPercentageChangeInServicingRate
0.0010
CY2024Q1 lc Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Percentage Change In Servicing Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsPercentageChangeInServicingRate
0.0010
CY2023Q4 lc Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Percentage Change In Servicing Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsPercentageChangeInServicingRate
0.0010
CY2024Q1 lc Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Percentage Change In Servicing Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsPercentageChangeInServicingRate
0.0010
CY2024Q1 us-gaap Maximum Term Of Credit Risk Derivatives1
MaximumTermOfCreditRiskDerivatives1
P18M
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
267523000 usd
CY2024Q1 us-gaap Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
-8672000 usd
CY2023Q4 us-gaap Hedged Asset Fair Value Hedge Last Of Layer Amount
HedgedAssetFairValueHedgeLastOfLayerAmount
1500000000 usd
CY2024Q1 us-gaap Hedged Asset Fair Value Hedge Last Of Layer Amount
HedgedAssetFairValueHedgeLastOfLayerAmount
1500000000 usd
CY2024Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
222690000 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
209260000 usd
CY2024Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
30699000 usd
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
30764000 usd
CY2024Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
21645000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
21654000 usd
CY2024Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
5554000 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
5845000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
280588000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
116956000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
106006000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
163632000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
161517000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
75700000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
75700000 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
CY2024Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2579000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2901000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2252000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1603000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
945000 usd
CY2024Q1 lc Finite Lived Intangible Asset Expected Amortization After Year Four
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