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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.

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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.

LendingClub Corporation (NYSE:LC ) Q3 2023 Earnings Conference Call October 25, 2023 5:00 PM ET Company Participants Artem Nalivayko - Vice President of Finance Scott Sanborn - Chief Executive Officer Drew LaBenne - Chief Financial Officer Conference Call Participants Bill Ryan - Seaport Research Partners David Chiaverini - Wedbush Securities John Hecht - Jefferies Reggie Smith - JPMorgan Tim Switzer - KBW Operator Hello, everyone. Thank you for attending today's LendingClub Third Quarter 2023 Earnings Conference Call.

LendingClub Corporation (LC) Q3 2023 Earnings Call Transcript

LendingClub (LC) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.36 per share a year ago.

LendingClub (LC) Q3 Earnings and Revenues Beat Estimates

Continued GAAP Profitability With Strong Capital & Liquidity Levels Doubles Issuance of Structured Certificates With New Buyers Added to Platform SAN FRANCISCO , Oct. 25, 2023 /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, 2023. "Our disciplined execution has resulted in our tenth consecutive quarter of GAAP profitability.

LendingClub Reports Third Quarter 2023 Results

LendingClub (LC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LendingClub (LC) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

LendingClub Corporation pre-announced mixed Q3 numbers, including revenue of $198-200 million and net income of $4-5 million. The company is cutting its workforce by 14%, or 172 employees, to save $7.5 million per quarter in operating expenses. LendingClub stock trades near an all-time low, but its deep valuation and potential for growth make it an attractive investment in the long term.

LendingClub: Pause Won't Last Forever

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in savings of about $30 million to $35 million compared to the second quarter, the digital marketplace bank said in a Thursday (Oct. 12) press release.

LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace

LendingClub Corp. LC, -6.19% on Thursday said it would reduce its workforce by around 14%, or 172 employees, as it navigates what it said were “macroeconomic headwinds and the resulting pressure in our marketplace, primarily driven by higher interest rates.” The online lending and financial services platform also said it expects $198 million to $200 million in third-quarter sales, compared with FactSet forecasts for $199.4 million.

LendingClub to cut staff by around 14%

Expects Annualized Run-Rate Savings of $30 to $35 Million Provides Preliminary Select Financial Results for Third Quarter 2023 Schedules Third Quarter 2023 Earnings Release and Conference Call SAN FRANCISCO , Oct. 12, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) announced today a cost reduction plan to ensure its ability to navigate through the challenging macroenvironment. The Company also provided preliminary results and scheduled the earnings release and conference call for the third quarter of 2023.

LendingClub Aligns Cost Structure to Evolving Macroeconomic Environment

LendingClub and PYMNTS Intelligence's Research Shows One-Third of Consumers Cite Costs of Events and Celebrations During the Holiday Season Spending as the Key Driver of Financial Distress; Credit is a Top Coping Mechanism SAN FRANCISCO , Sept. 27, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released key findings from the 26th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS Intelligence.

Nearly Half of U.S. Consumers Report Their Financial Livelihood Fluctuates Seasonally

I'm increasingly skeptical about LendingClub Corporation as an investment due to two crucial metrics: rapidly growing balance sheet loans and a declining return on assets. LendingClub's expanding loans, while indicating loan origination, also raise concerns about the growing risk exposure as these loans remain on the company's balance sheet. With LendingClub Corporation's current valuation at 17x forward EPS and ongoing downward revisions in analysts' consensus figures, it may be wise to consider more stable investment options.

LendingClub: Declining ROA And Growing Loans, Avoid (Rating Downgrade)

Banco Santander

LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio.  The partnership, announced Tuesday (Sept.

LendingClub Picks Santander as Auto Refinancing Partner

LendingClub and PYMNTS Research Shows a Majority of Consumers Purchase "Nice-to-Have" Grocery and Retail Items, Whether or Not They Live Paycheck to Paycheck SAN FRANCISCO , Aug. 30, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 25th edition of the New Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS. The Nonessential Spending Deep Dive Edition examines the impact of nonessential spending on consumers' ability to manage expenses and put aside savings.

29% of Gen Z Consumers Living Paycheck to Paycheck Cite Nonessential Spending as a Cause for Financial Distress

The company is still facing big pressures on its marketplace business and these aren't likely to go away this year. The expansion of its own loan portfolio produces much less initial earnings (and up-front cost) only creating a gradual stream of income, rather than an up-front fee. But when the rate cycle turns and the marketplace recovers, the company will be firing out of both cylinders.

LendingClub's Recovery Postponed

Adult Males are Slightly More Likely to Live with Parents Than Their Female Counterparts 58% of Gen Z Consumers Live with Family Members SAN FRANCISCO , July 31, 2023 /PRNewswire/ --  LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 24th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS. The Household Finances Deep Dive Edition examines the impact of household composition on consumers' ability to manage expenses and put aside savings.

LendingClub and PYMNTS Research Shows 86% of Consumers Live with One or More People, Yet Those Living with Only Partners or Spouses Reap the Financial Benefits

LendingClub beat quarterly estimates but revenue and earnings were down sharply from a year ago. Guidance called for a sequential decline in loan originations and revenue in the third quarter.

Why LendingClub Stock Was Sliding Today

While the top- and bottom-line numbers for LendingClub (LC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

LendingClub (LC) Reports Q2 Earnings: What Key Metrics Have to Say

LendingClub Corporation (NYSE:LC ) Q2 2023 Earnings Conference Call July 26, 2023 5:00 PM ET Company Participants Artem Nalivayko - Vice President of Finance Scott Sanborn - Chief Executive Officer Drew LaBenne - Chief Financial Officer Conference Call Participants Bill Ryan - Seaport Research Partners Reggie Smith - JPMorgan Alexander Villalobos - Jefferies Giuliano Bologna - Compass Point Tim Switzer - KBW Operator Hello, everyone. Thank you for attending today's LendingClub's Second Quarter Earnings Conference Call.

LendingClub Corporation (LC) Q2 2023 Earnings Call Transcript

LendingClub (LC) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.45 per share a year ago.

LendingClub (LC) Tops Q2 Earnings and Revenue Estimates

Shares of LendingClub Corp. LC, +0.10% dropped more than 5% in the extended session Wednesday after the financial services company beat quarterly earnings expectations but said that it expected “headwinds” to persist. LendingClub earned $10.1 million, or 9 cents a share, in the second quarter, compared with $13.7 million, or 13 cents a share, in the year-ago quarter.

LendingClub stock falls 5% after lender says ‘headwinds' likely to persist

Continued Profitability with Strong Capital & Liquidity Levels Successful Launch of Structured Certificates Program SAN FRANCISCO , July 26, 2023 /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, 2023. "We're leaning into our data, membership, and business model advantages to deliver continued profitability in a difficult environment," said Scott Sanborn, LendingClub CEO.

LendingClub Reports Second Quarter 2023 Results

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SAN FRANCISCO , July 10, 2023 /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 2023 after the market closes on Wednesday, July 26, 2023. LendingClub will host a conference call to discuss the second quarter 2023 financial results at 2:00 p.m.

LendingClub Schedules Second Quarter 2023 Earnings Release and Conference Call

Normally investors are advised to “buy the rumor, sell the news.” However, there are times when buying the news can be a smart play.

Urgent! 3 Fintech Stocks to Buy Before the Student Loan Payments Pause Ends

LendingClub and PYMNTS Research Shows Young and Affluent Are Hit More Frequently by Unexpected Expenditures SAN FRANCISCO , June 26, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today released findings from the 23rd edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS. The Emergency Spending Deep Dive Edition examines the impact of financial stressors, such as emergency spending, on consumers' ability to manage expenses and put aside savings as well as the rising trend in unexpected expenditures among young and affluent consumers.

Consumer Emergency Expenses Rise 16% Year-Over-Year to $1,700, Far Exceeding The $400 Benchmark

LendingClub Corporation's share price has increased since May, but further upside potential is limited. LendingClub's revenue growth rates have declined, and its flagship marketplace business experienced a 46% y/y decline in Q1. Investors are increasingly shifting their focus to LendingClub's underlying profitability prospects, and the stock is already priced at around 13x next year's EPS, pricing in much of its future prospects.

News for LendingClub Stock (LC)