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 ...

LendingClub (LC) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 350%. A quarter ago, it was expected that this company that connects borrowers and lenders online would post earnings of $0.04 per share when it actually produced earnings of $0.05, delivering a surprise of 25%.Over the ...

SOPA Images/LightRocket via Getty Images My last article on LendingClub (NYSE:LC) was back in April 2023 in the wake of the regional banking crisis where I discussed the impact of the adverse macro environment on its marketplace business as well as seeing some green shoots as rates appeared to decline. It has certainly been a volatile ride since then, however, the stock is still up ~12% since then. To recap, the LendingClub business model has been adversely impacted in 2022 and 2023 by rapidly rising intere ...