SAN FRANCISCO, July 11, 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 second quarter 2024 after the market closes on Tuesday, July 30, 2024. LendingClub will host a conference call to discuss the second 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 ask ...

LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023.In this program, LendingClub retains the senior note and sells the residual certificate on a pool of loans to a marketplace investor at a predetermined price, the company said in a Monday (June 17) press release.“Our structured certificates program is gaining strong momentum among our loan investors because they recognize the value of consumer credit a ...

SAN FRANCISCO, June 17, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, today announced that it has surpassed $3 billion in loans sold through its Structured LendingClub Loan Certificates program, which launched in April 2023."Our structured certificates program is gaining strong momentum among our loan investors because they recognize the value of consumer credit as an asset class, the quality of ou ...

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SAN FRANCISCO, May 30, 2024 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank ("LendingClub"), America's leading digital marketplace bank, announced that its Chief Executive Officer Scott Sanborn and its Chief Financial Officer Drew LaBenne will participate in a fireside chat at the TD Financial Services & Fintech Summit on June 7, 2024 at 2:20 PM Eastern Time.Webcast informationA live webcast of the TD Financial Services & Fintech Summit fireside chat will be availa ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Commission File Number: 001-36771 | --- | --- | |--------------------------------------------------------------------------------|--------------------------------------| | | | | LendingClub Corporation (Exact name of registrant as specified in its charter) | | | Delaware | 51-0605731 | | (State ...

Shares of the lending platform gained on a better-than-expected earnings report.Shares of LendingClub (LC 19.02%) were moving higher today after the consumer lending and banking platform posted better-than-expected results in its first-quarter earnings report, easily beating estimates on the bottom line.As of 11:48 a.m. ET Wednesday, the stock was up 12.7%. LendingClub shines in Q1In a difficult environment for lenders, LendingClub delivered a solid round of results as its balance sheet grew from $8.8 billi ...

LendingClub Corporation (NYSE:LC) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Artem Nalivayko - Head, IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Giuliano Bologna - Compass Point Bill Ryan - Seaport Research Partners David Chiaverini - Wedbush Securities John Hecht - Jefferies Brad Capuzzi - Piper Sandler Reggie Smith - JP Morgan Tim Switzer - KBW Operator Good afternoon. Thank you for attending the LendingClub First Quarter 2024 Earnings Confer ...

For the quarter ended March 2024, LendingClub (LC) reported revenue of $180.69 million, down 26.5% over the same period last year. EPS came in at $0.11, compared to $0.13 in the year-ago quarter.The reported revenue represents a surprise of +3.54% over the Zacks Consensus Estimate of $174.52 million. With the consensus EPS estimate being $0.03, the EPS surprise was +266.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...