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 Stre ...

LendingClub noted in its latest results that deposits on its balance sheet grew as customers gravitated to high- yield savings products, credit quality was strong — and embedded finance solutions may offer a new avenue of future growth. As detailed in the most recent earnings materials, deposits of $7.5 billion represented an increase over the $7.3 billion in the prior quarter, primarily due to an increase in high-yield savings and certificates of deposits. Loan originations of $1.6 billion were comparable ...

LendingClub (LC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 266.67%. A quarter ago, it was expected that this company that connects borrowers and lenders online would post earnings of $0.02 per share when it actually produced earnings of $0.09, delivering a surprise of 350%. Ov ...

First Quarter 2024 Results April 30, 2024 Disclaimer Some of the statements in this presentation, including statements regarding our competitive advantages, loan and financial performance,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 statement ...

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 control,” said Sc ...

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. ...

分组1 - LendingClub (LC)预计在2024年3月结束的季度报告中，盈利将同比下降，收入也将减少[1] - 如果关键数据超过预期，股价可能会上涨，反之则可能下跌[2] - 分析师们对于LendingClub的季度盈利预期进行了修订，当前的共识EPS预期较过去30天上调了3.7%[5] 分组2 - Zacks Earnings ESP模型比较最准确预测和Zacks共识预测，正的Earnings ESP预示着盈利可能超出共识预期[8] - LendingClub目前的Earnings ESP为0%，Zacks Rank为3，这使得难以确定其是否会超出共识EPS预期[12] - LendingClub在过去四个季度中四次超出共识EPS预期，最近一次盈利预期的+350%的惊喜[15] 分组3 - 盈利超出或不达预期可能不是股价上涨或下跌的唯一原因，其他因素也会影响投资者的决策[16]

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 aske ...

公司面临的风险 - 公司面临的风险包括监管、监督和合规方面的风险[113] - 公司持有贷款，面临信用、违约和流动性风险[114] - 宏观经济条件或其他外部因素可能影响公司业务[115] - 公司的信用和收款相关风险[116] - 公司面临的行业竞争和其他金融机构的稳健性风险[117] 贷款和信用风险 - 公司通过CECL模型实施了计量金融资产的信用损失，主要包括贷款组合[129] - 经济条件变化可能导致贷款违约增加，需要增加贷款损失准备金[131] - 公司持有的贷款暴露于信用、违约和流动性风险，可能对财务表现产生不利影响[143] 新产品和服务 - 公司需要不断开发和推广新产品和服务，否则业务可能受到影响[162] - 公司的成功很大程度上取决于开发和推广新产品和服务以及改进现有产品和服务[163] - 公司可能无法及时开发和推广具有吸引力的产品和服务，这可能限制增长并对业务产生重大不利影响[164] 技术和数据风险 - 公司的技术系统出现重大故障或技术计划失败可能对运营产生重大不利影响[170] - 公司认为其技术平台的性能、可靠性和可用性对业务至关重要，任何技术系统或服务中断或延迟可能损害公司与客户和市场投资者的关系[171] - 公司依赖技术基础设施进行业务和运营，并投资于系统升级、新解决方案和其他技术项目[174] 税务和会计风险 - 税收法律的变化以及公司利用递延税资产抵消未来应纳税所得的能力可能对业务、财务状况和运营结果产生重大不利影响[302] - 美国税法改革导致公司递延税资产减少[304] - 公司可能因为股权变动而受到税收利用限制[305]

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 ...