Revenue segments as reported by the company.

Marketplace revenue

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provision for credit losses

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

LendingClub

LendingClub Corp. operates as an online marketplace that facilitates loans to borrowers and investments. Its products include unsecured personal, secured auto refinance, patient, and education finance loans. The company was founded by Renaud Laplanche and Soulaiman Htite in 2006 and is headquartered in San Francisco, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

LendingClub reports solid Q4 earnings, focuses on credit quality

LendingClub's Q4 2022 performance met guidance, with a focus on credit quality and profitability.
The company is reducing expenses and transitioning its revenue model for resilience.
Challenges include impact of higher interest rates on loan originations and less attractive segments.
Opportunities lie in offering more value to customers and growing SBA Government Guaranteed Lending.

LendingClub reports strong Q1 performance amidst marketplace challenges

LendingClub's Q1 2023 Earnings Call showcased strong financial performance and effective liquidity management.
Challenges in marketplace revenue and fee income economics were addressed, along with workforce reduction savings.
Opportunities for growth were highlighted in potential marketplace recovery conditions and rapid growth potential.

LendingClub exceeds revenue expectations, focuses on profitability amidst challenges

LendingClub navigated challenges in Q2 2023 with a focus on profitability over growth, addressing delinquencies and marketplace headwinds.
Strong capital levels and strategic initiatives like the structured loan certificate program position the company well for future growth.
Anticipated marketplace recovery challenges and pricing pressures highlight the need for disciplined financial management and strategic decision-making.

LendingClub reports strong Q3 results, eyes credit market expansion

LendingClub's Q3 performance reflects solid financial metrics, strategic focus on prime originations, and innovative member engagement initiatives.
While facing challenges in the investor marketplace and limitations on share buybacks, the company is exploring opportunities for growth and diversification.
With enhanced returns in credit offerings, new partnerships, and a vision beyond lending, LendingClub is positioning itself for future success and market leadership.

LendingClub reports revenue growth, eyes product expansion and efficiency

LendingClub shows strong performance with revenue and income growth
Facing challenges with net interest margin and expense management
Opportunities lie in expanding product offerings and capital deployment
Overall, a focus on resilience, growth, and operational efficiency

LendingClub maintains stability and profitability, eyes growth opportunities ahead

LendingClub's Q1 performance showcased stability in originations and strong revenue generation. The company's focus on credit leadership and profitability highlights its resilience in the market.
While facing challenges such as rising expenses and competitive pressures, LendingClub is strategically positioned to leverage opportunities for growth through capital deployment and member-focused initiatives.

LendingClub excels in Q2, plans for growth and innovation

LendingClub's strong performance in Q2 showcases growth in originations, revenue, and net income. The company's focus on credit stewardship, mobile app engagement, and new product offerings positions it well for future success. Challenges lie in maintaining competitive pricing, optimizing funding, and managing delinquency rates.

LendingClub excels in Q3, eyes growth through innovation and acquisitions

LendingClub's strong performance, strategic acquisitions, and focus on customer engagement position the company for future growth and value creation.
While facing challenges such as expense management and maintaining credit performance, the company remains optimistic about its prospects and market opportunities.
By leveraging marketplace demand, innovative products, and a clear growth strategy, LendingClub aims to drive revenue, enhance shareholder value, and sustain its competitive edge.

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LendingClub Corp. engages in the operations of digital marketplace bank. It operates through the LendingClub Bank and LendingClub Corporation (Parent Only) segments. The LendingClub Bank segment involves the provision of full complement of financial products and solutions, loans, leases, and deposits. The LendingClub Corporation (Parent Only) segment includes the holding company legal entity. The company was founded by Renaud Laplanche and Soulaiman Htite in 2006 and is headquartered in San Francisco, CA.

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The consensus price target hints at a 30.9% upside potential for LendingClub (LC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in LendingClub (LC)? Wall Street Analysts Think 30.92%

LendingClub (LC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes LendingClub (LC) a New Strong Buy Stock

Does LendingClub (LC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why LendingClub (LC) is a Great Choice

LendingClub Corporation (NYSE:LC ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, Investor Relations Scott Sanborn - Chief Executive Officer Drew LaBenne - Chief Financial Officer Conference Call Participants Giuliano Bologna - Compass Point Vincent Caintic - BTIG Bill Ryan - Seaport Research Partners David Chiaverini - Wedbush Securities Reggie Smith - JPMorgan Brad Capuzzi - Piper Sandler Tim Switzer - KBW Operator Good afternoon. Thank you for attending today's LendingClub 2Q '24 Earnings Conference Call.

LendingClub Corporation (LC) Q2 2024 Earnings Call Transcript

LendingClub's latest results noted growth in loan originations, a surge in repeat business — and cross-pollination efforts that management said reflect the ability to deepen, and lengthen, customer relationships. CEO Scott Sanborn noted on the conference call with analysts that originations were up 10% to more than $1.8 billion.

LendingClub Sees Traction Building ‘Lifetime Lending Relationships'

LendingClub (LC) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.09 per share a year ago.

LendingClub (LC) Surpasses Q2 Earnings and Revenue Estimates

10% Sequential Originations Growth Strong Balance Sheet Growth with Stable Net Interest Margin Drives Increase in Revenue SAN FRANCISCO , July 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the second quarter ended June 30, 2024. "Our second quarter results mark an inflection point, with our business calibrated to the current rate environment and positioned to accelerate as conditions improve," said Scott Sanborn, LendingClub CEO.

LendingClub Reports Second Quarter 2024 Results

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SAN FRANCISCO , July 11, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the second quarter 2024 after the market closes on Tuesday, July 30, 2024. LendingClub will host a conference call to discuss the second quarter 2024 financial results at 2:00 p.m.

LendingClub Schedules Second Quarter 2024 Earnings Release and Conference Call

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LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023.

LendingClub's Structured Certificates Program Surpasses $3 Billion in Loans Sold

SAN FRANCISCO , June 17, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced that it has surpassed $3 billion in loans sold through its Structured LendingClub Loan Certificates program, which launched in April 2023. "Our structured certificates program is gaining strong momentum among our loan investors because they recognize the value of consumer credit as an asset class, the quality of our underwriting, and our streamlined financing solutions," said Scott Sanborn, CEO of LendingClub.

LendingClub Exceeds $3 Billion in Loans Sold Through Its Structured Certificates Program

LendingClub is trading at ~0.8x TBV, likely to melt up in a soft landing scenario. LC is also set to outperform SOFI in a hard landing due to a lower risk balance sheet and much higher capital buffers. LC is innovating with new products like Structured Certificates to address demand under varying conditions.

LendingClub Is Set To Outperform SoFi Technologies

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SAN FRANCISCO , May 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, announced that its Chief Executive Officer Scott Sanborn and its Chief Financial Officer Drew LaBenne will participate in a fireside chat at the TD Financial Services & Fintech Summit on June 7, 2024 at 2:20 PM Eastern Time. Webcast information A live webcast of the TD Financial Services & Fintech Summit fireside chat will be available at https://wsw.com/webcast/cowen158/lc/1672902.

LendingClub to Participate in the TD Financial Services & Fintech Summit June 6-7

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LendingClub has seen 12 consecutive quarters of GAAP profitability during the most intense rate hiking cycle of the last decade. The company's tangible book value, in addition to the fair value of their loan portfolio, is almost $12 per share compared to the current stock price of just over $9. In a rate cutting environment, where LendingClub returns to historical origination levels of $3B per quarter, the company could generate almost $350M in incremental Pre-Tax income on an annual basis.

LendingClub - An Explosive Move Higher Could Be Brewing

LendingClub topped bottom-line estimates as its credit loss provision declined. The company expects to grow its loan book this quarter.

Why LendingClub Stock Popped Today

LendingClub Corporation (NYSE:LC ) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Giuliano Bologna - Compass Point Bill Ryan - Seaport Research Partners David Chiaverini - Wedbush Securities John Hecht - Jefferies Brad Capuzzi - Piper Sandler Reggie Smith - JP Morgan Tim Switzer - KBW Operator Good afternoon. Thank you for attending the LendingClub First Quarter 2024 Earnings Conference Call.

News for LendingClub Stock (LC)