III LendingClub EXHIBIT 99.1 LendingClub Reports First Quarter 2024 Results Strong Originations and Credit Performance Drives 12th Consecutive Quarter of GAAP Profitability SAN FRANCISCO – April 30, 2024 – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the first quarter ended March 31, 2024. "We're pleased to have started 2024 with another strong quarter, executing well against the factors we can c ...

E*Trade Premium Savings Account Review: Is It Worth It? Andrei Stanescu / Getty Images As Americans slowly realize they are being scammed with regular savings accounts, premium savings accounts have grown in popularity. While banks would prefer you keep your money in low-yield accounts, they have begun to offer accounts with more features and higher yields in order to retain customers. E*Trade is no different.Premium savings accounts, also known as high-yield savings accounts, offer the same (and in some ...

The market expects LendingClub (LC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on A ...

SAN FRANCISCO, April 9, 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 first quarter 2024 after the market closes on Tuesday, April 30, 2024. LendingClub will host a conference call to discuss the first quarter 2024 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Submission of Conference Call Questions In addition to questions as ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission File Number: 001-36771 LendingClub Corporation (Exact name of registrant as specified in its charter) Delaware 51-0605731 (State or other jurisdiction of incorporation or organization) (I.R.S ...

Of all the sectors out there, the fintech sector has been among the worst performing over the past few years. Rapidly rising interest rates have harmed just about every financial business, especially newer fintech companies perceived as unproven and unprofitable. Among fintechs, personal-loan provider LendingClub (LC 4.15%) doesn't seem to get much respect even relative to its competitors. In fact, LendingClub was the rare example of a fintech that maintained its profitability over the past few years, even ...

LendingClub exited the standard operating agreement for a new bank with the Office of the Comptroller of the Currency, having met all the requirements noted in the operating agreement.The company now has more autonomy and flexibility in how it runs the business and deploys capital, while it continues to work closely with regulators.The operating agreement began in connection with LendingClub’s acquisition of Radius Bancorp and the formation of LendingClub Bank in February 2021, the company said in a Friday ...

Fourth Quarter 2023 Results Disclaimer Some of the statements in this presentation, including statements regarding our competitive advantages, loan and financial performance, macroeconomic and business outlook, and demand for our loan programs, are “forward-looking statements.” The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “project,” “will,” “would” and similar expressions may identify forward-looking statements, although not all forward-looking stat ...

LendingClub Corporation (NYSE:LC) Q4 2023 Earnings Conference Call January 30, 2023 5:00 PM ET Company Participants Artem Nalivayko - Head of IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Brad Capuzzi - Piper Sandler Giuliano Bologna - Compass Point Bill Ryan - Seaport Research Partners Reggie Smith - JPMorgan David Chiaverini - Wedbush Securities Michael Perito - KBW Operator Hello, everyone. Thank you for attending today's LendingClub Fourth Quarter 2023 Earnings Conference Call. ...

LendingClub (LC) reported $185.61 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 29.4%. EPS of $0.09 for the same period compares to $0.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $180.68 million, representing a surprise of +2.73%. The company delivered an EPS surprise of +350.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...