LendingClub(LC) - 2022 Q3 - Earnings Call Presentation

Financial Performance Highlights - LendingClub's net revenue reached $304.9 million, a 24% year-over-year increase, driven by an 89% increase in net interest income[10] - The company reported GAAP net income of $43.2 million, up 59% year-over-year, which includes a $7.2 million income tax benefit[10] - Diluted earnings per share (EPS) increased by 58% year-over-year to $0.41[13] - Net interest income was $123.7 million, fueled by a 76% growth in the average Held for Investment (HFI) loan portfolio[11] - The average HFI loan portfolio reached $4.4 billion, an increase of $1.9 billion year-over-year[13] Balance Sheet and Margins - LendingClub maintained a strong net interest margin of 8.3%, up from 6.3% in the previous year[11] - The book value per common share increased to $10.67, compared to $8.07 a year ago, while the tangible book value per common share rose to $9.78, up from $7.08[15] Operational Efficiency - The company's efficiency ratio improved, with non-interest expenses accounting for 61.1% of net revenue[36] Guidance - LendingClub anticipates fourth-quarter revenue between $255 million and $265 million and net income between $15 million and $25 million[43] - The full-year outlook projects revenue between $1.18 billion and $1.19 billion and net income between $280 million and $290 million[43]