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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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.

Consumers have racked up record credit card debt. Falling interest rates could benefit this company in a huge way.

This Small-Cap Stock Is Up 63% in 2024. Here's Why a Historic Opportunity Could Send It Even Higher.

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

LendingClub (LC) Is Up 2.01% in One Week: What You Should Know

Affirm

SoFi Technologies

J.P. Morgan analysts notes the lender's management says they are seeing bank partners return to the loan marketplace for the first time in about six quarters.

LendingClub Stock Is Soaring. Strong Earnings May Bode Well for SoFi and Affirm.

I believe LendingClub's Q3 2024 earnings report was a solid, and the market rewarded it with a 6% increase in its share price. The company is capitalizing on favorable market conditions with consistent loan origination growth and a strategic $1.3 billion loan portfolio acquisition. I am confident that LendingClub's strong loan origination growth, recent loan portfolio acquisition, and improved return on assets make it well-positioned for a turnaround.

LendingClub Q3 Earnings: A Turnaround Stock As Interest Rates Decline (Upgrade)

LendingClub's latest quarterly results show an acceleration of loan originations, and banks have moved back to the company's platform as consumers look for ways to consolidate and pay down debt — particularly credit card debt. The company's earnings supplementals indicated that loan originations were up 6% sequentially to $1.

LendingClub Loan Originations Surge 27% as Consumers Look to Consolidate Debt

LendingClub Corporation (NYSE:LC ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Tim Switzer - KBW Vincent Caintic - BTIG Giuliano Bologna - Compass Point John Hecht - Jefferies Brad Capuzzi - Piper Sandler Reggie Smith - JP Morgan Operator Good afternoon. Thank you for attending today's LendingClub Third Quarter 2024 Earnings Conference Call.

LendingClub Corporation (LC) Q3 2024 Earnings Call Transcript

The headline numbers for LendingClub (LC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

LendingClub (LC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

LendingClub (LC) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.05 per share a year ago.

LendingClub (LC) Beats Q3 Earnings and Revenue Estimates

Originations and Revenue Growth Supported by Return of Bank Buyers Total Assets Grew 25% Year to Date Driven by $1.3 Billion Purchase of LendingClub Loans Acquired Tally's Technology in October to Accelerate Product Roadmap SAN FRANCISCO , Oct. 23, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the third quarter ended September 30, 2024. "We had a standout quarter, with credit outperformance and the return of bank buyers driving improved loan sales pricing, our capital strategy delivering a 25% larger balance sheet year to date, and strong financial performance translating to a meaningful improvement in book value per common share over the past 12 months," said Scott Sanborn, LendingClub CEO.

LendingClub Reports Third Quarter 2024 Results

Goldilocks macro backdrop provides tailwinds to LC's business model. Lower rates translate to higher marketplace volumes and margins. Asset Managers and Bank Investors are expected to come back to the platform en masse.

LendingClub: Bullish Ahead Of Q3 Earnings

Pagaya Technologies Ltd

LendingClub and AI lending network Pagaya have acquired Tally Technologies' intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors in August.

LendingClub and Pagaya Acquire Tally's Credit Card Management Tech

SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. (“Tally”). Tally's innovative technology simplifies credit card management, helping users optimize payments, re.

LendingClub & Pagaya Acquire Assets of Tally Technologies

AGNC Investment

Upstart Holdings

With interest rates set to fall over the next year, these three stocks could be smart buys today.

The Federal Reserve Is Cutting Interest Rates: 3 Stocks to Buy Today

SAN FRANCISCO , Oct. 3, 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 third quarter 2024 after the market closes on Wednesday, October 23, 2024. LendingClub will host a conference call to discuss the third quarter 2024 financial results at 2:00 p.m.

LendingClub Schedules Third Quarter 2024 Earnings Release and Conference Call

LendingClub, now a bank holding company, excels in proprietary data analysis, resulting in superior loan portfolios and high customer satisfaction ratings. The company's mobile app boosts member engagement, leading to repeat loans with near-zero acquisition costs and better credit performance. Declining interest rates and record-high credit card debt present significant growth opportunities for LendingClub's loan refinancing products.

Why LendingClub Is Currently My Favorite Value Stock

PITTSBURGH--(BUSINESS WIRE)--FHLBank Pittsburgh will relocate our headquarters at close-of-business on Friday, Oct. 11, 2024, to 301 Grant Street, Suite 2000, Pittsburgh, PA 15219.

The Federal Home Loan Bank of Pittsburgh Relocates Headquarters; New Address Effective Oct. 15, 2024

Fidelity National Information

PayPal

Five fintech stocks that have seen double-digit EPS growth projection for next year. These are: PYPL, AFRM, FIS, LC, SOFI.

Grab 5 Fintech Industry Stocks for Long-Term Gains

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.

LendingClub (LC) Upgraded to Strong Buy: What Does It Mean for the Stock?

Members Who Regularly Save Are Rewarded With a 5.30% Annual Percentage Yield (APY) SAN FRANCISCO , Aug. 22, 2024 /PRNewswire/ -- LendingClub Bank, America's leading digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions. "We're excited to offer LevelUp Savings, an all-new deposit product that rewards members who regularly engage with us, while still allowing us the flexibility to manage funding costs as Fed rate policy eases," said Scott Sanborn, LendingClub CEO.

LendingClub Bank Launches LevelUp Savings

LendingClub has outperformed SoFi Technologies by 23% since June 17th. LendingClub's balance sheet is mainly comprised of fixed-yield loan assets that would benefit from lower interest rates and avoiding a recession. The marketplace segment of LendingClub is expected to experience significant revenue growth in a soft landing scenario, potentially leading to a substantial increase in the stock price.

LendingClub: Levered Play On Soft Landing

SAN FRANCISCO , Aug. 13, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, has released new data revealing a surprising lack of consumer awareness regarding the true cost of their credit card debt in today's high interest rate environment. LendingClub conducted a national survey of 1,013 consumers from May 13 to May 21 to understand the trends and opinions on credit card usage and debt management.

Nearly 50% of Americans Unaware Federal Interest Rate Hikes Raised Their Credit Card APR by Over 5 Percentage Points

Fintech marketplaces were about the worst-hit sector from two years of rate hikes. But they have the potential to recover quickest in a "soft landing" scenario.

When Interest Rates Come Down, This Fintech Is Primed to Take Off

Civeo

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Regional Management

Understanding business fundamentals is crucial for identifying the best stocks. In August 2024, seven companies across various sectors stand out due to their solid attributes.

7 Stocks Set to Explode in August 2024

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.

News for LendingClub Stock (LC)