Revenue segments as reported by the company.

Marketplace revenue

Other non-interest income

Net interest income

Revenue Segments

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

Operating Margin

Profit Margin

Margins

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

Provision for credit losses

Compensation and benefits

Marketing

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Occupancy

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Professional services

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Operating Expenses

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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Cost of revenue

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Free cash flow

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.

LC Q2 earnings were superb on all metrics. Profitability is somewhat masked by CECL (a conservative accounting provisioning methodology).

LendingClub: Playbook For A Recession

LendingClub's transition to a digital banking model proceeds apace, but its core consumer loan business continues to gain traction in an inflationary environment, where maintaining traditional consumer debt is becoming unwieldy. “Credit card balances are now back above pre-pandemic levels and credit card rates are rising,” CEO Scott Sanborn said on a conference call.

LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans

LendingClub Corporation (NYSE:LC ) Q2 2022 Results Conference Call July 27, 2022 5:00 PM ET Company Participants Sameer Gokhale - Head, Investor Relations Scott Sanborn - Chief Executive Officer Tom Casey - Chief Financial Officer Conference Call Participants Bill Ryan - Seaport Research David Chiaverini - Wedbush Securities Michael Perito - KBW Giuliano Bologna - Compass Point Operator Good afternoon. Thank you for attending the LendingClub Corp Second Quarter 2022 Earnings Call.

LendingClub Corporation (LC) CEO Scott Sanborn on Q2 2022 Results - Earnings Call Transcript

LendingClub (LC) delivered earnings and revenue surprises of 9.76% and 10.62%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

LendingClub (LC) Q2 Earnings and Revenues Surpass Estimates

Record Revenue of $330 million Reported Net Income of $182 million Including Income Tax Benefit of $135 million Record Net Income of $47 million Excluding Income Tax Benefit SAN FRANCISCO , July 27, 2022 /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, 2022. "Our strong execution, marketplace bank model, member and data advantages, and our continued focus on prudent underwriting have all contributed to an incredible first half of the year with records set for both revenue and profitability," said Scott Sanborn, LendingClub CEO.

LendingClub Reports Second Quarter 2022 Results

Bakkt Holdings

Current CFO and Board Member, Tom Casey, to Retire After Transition Period SAN FRANCISCO , July 27, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced that Drew LaBenne has been named LendingClub's next Chief Financial Officer (CFO). To ensure a seamless transition, he will assume the responsibilities on September 1, 2022, from current CFO, Tom Casey, who will be retiring but will continue to support LendingClub in a non-executive capacity through the end of 2022.

LendingClub Names Drew LaBenne as New Chief Financial Officer

LendingClub is rallying with other tech and fintech stocks this week.

Why Shares of LendingClub Are Rising This Week

Many believe a recession is coming and this presents a number of risks. In my view, LC will be fine even if it is a deep recession.

LendingClub: The Risks And What To Expect

SAN FRANCISCO , July 6, 2022 /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 2022 on Wednesday, July 27, 2022, after-market hours. LendingClub will host a conference call to discuss the second quarter 2022 financial results at 2:00 p.m.

LendingClub Schedules Second Quarter 2022 Earnings Release and Conference Call

LendingClub's acquisition of Radius Bank radically improved the company's net interest margins and recurring revenue streams. CECL accounting front loads credit loss reserves, masking the actual profitability and cash flows, which emerge over time.

LendingClub's Earnings Power Is Only Beginning To Show

Credit markets are tightening. The Federal Reserve has been busy boosting interest rates and, amid a macroeconomic environment that could be charitably described as uncertain, the buying and selling of consumer loans winds up being a fraught process.

LendingClub CEO: Online Marketplace, APIs Create ‘Dynamic' Loan Pricing

SAN FRANCISCO , June 27, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, placed fourth on this year's 2022 San Francisco Large Company Top Workplaces list and was recognized with a special award in communication. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC.

San Francisco Chronicle Names LendingClub a Top 5 Winner of the 2022 Greater Bay Area Top Workplaces Award

3 in 10 Earning Over $250,000 Continue to Live Paycheck to Paycheck  Nearly 40% of Those Earning Over $250,000 Cite Paying for a Family Members' Expenses as a Driver of Financial Distress SAN FRANCISCO , June 27, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. The Financial Distress Factors Edition examines the financial lifestyle of U.S. consumers who live paycheck to paycheck, the factors that cause financial distress – life-cycle events or life-altering events – and the impact of these financial stressors on their lives.

65 Percent of Paycheck-to-Paycheck Consumers Experienced a Financially Stressful Event in the Past Three Years

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Small-cap stocks have suffered tremendous losses this year, so there are good stocks to buy on sale for the long term. The post 7 Small-Cap Stocks to Buy and Hold for the Long Haul appeared first on InvestorPlace.

7 Small-Cap Stocks to Buy and Hold for the Long Haul

LC is pressing the pedal to the metal on unsecured lending. The next phase is all about monetization of the customers' lifecycle.

LendingClub: Deep Dive On Strategy And Capital Allocation

SAN FRANCISCO , June 1, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from its 10th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. For the first time in the report series, the High Earners Edition examines the financial lifestyle of the growing share of highest-income U.S. consumers who live paycheck to paycheck, and the impact on their ability to access credit and other expense management.

1/3 of Consumers Earning a Quarter of a Million Dollars are Living Paycheck to Paycheck

The company is planning to increase its lending business.

This Fintech Stock Just Crushed its First Quarter Forecast

Upstart Holdings

While Upstart can generate more origination volume, LendingClub is better positioned to handle market shocks.

LendingClub Has a Huge Funding Advantage Over Upstart

Risk and reward are the cornerstones of any asset class. Clarke Roberts, senior vice president, Electronic Trading Services at LendingClub, told Karen Webster that whole loan auctions — where institutional clients buy and sell LendingClub's bundled personal loans — are due for a tech-enabled, digital overhaul.

LendingClub Says Client-to-Client Loans Mark Evolution for Its Online Marketplace

LendingClub, the parent of LendingClub Bank, on Wednesday (May 25) announced it is adding client-to-client sales to LCX, its automated loan-auction platform. The new capacity will let institutional investors sell LendingClub loans to each other directly, the announcement said.

LendingClub's LCX Platform to Get Client-to-Client Transactions

Major Step Forward to Enhance Liquidity of Asset Class SAN FRANCISCO , May 25, 2022 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced a major enhancement to its automated loan auction platform, LCX. Institutional investors can now sell LendingClub loans directly to each other on the platform, increasing liquidity for this market-leading asset via an efficient digital marketplace.

LendingClub Adds Client-to-Client Sales to Its LCX Automated Loan Auction Platform

LC is exceeding my expectations (performance wise, not the share price!). The thesis is fully in-tact.

LendingClub: My Top Pick In The FinTech Space

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News for LendingClub Stock (LC)