LendingClub(US:LC)2022-01-27 17:57Financial Performance - LendingClub's Q4 2021 originations reached $3.1 billion, exceeding the guidance target of $2.8B to $3.0B [10] - Q4 2021 revenue was $262.2 million, a 7% increase QoQ, driven by a 27% growth in net interest income [10] - GAAP Net Income for Q4 2021 was a record $29.1 million [10] - The company's FY22 revenue guidance is $1.1B to $1.2B, a 34% to 47% YoY increase [36] - FY22 GAAP Net Income guidance is $130M to $150M, a 600% to 707% YoY increase [36] Loan Portfolio and Net Interest Margin - The average consumer loan portfolio grew by 36% QoQ [16] - Net Interest Margin expanded to 8.25% [26] - Interest income from the Held For Investment (HFI) portfolio grew 34% QoQ [20] Loan Originations and Marketplace Revenue - Quarterly loan originations reached $3.107 billion in 4Q21 [17] - Quarterly marketplace revenue was $170.6 million in 4Q21 [17] Customer Profile and Credit Performance - LendingClub's members generally have high income (+$100K avg) and high FICO (+700 avg) [5] - The average FICO score for 2021 HFI loans is 717 [33] - The average income for 2021 HFI loans is $114,000 [33]