LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans. The company also offers investors an opportunity to invest in a range of loans based on term and credit characteristics. It serves investors, such as retail investors, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, and university endowments. The co...
71 Stevenson Street
San Francisco, CA 94105
Founded in 2006
LendingClub Corporation Presents at RBC Capital Markets Technology, Internet, Media & Telecom Conference, Nov-10-2015 01:30 PM
Nov 6 15
LendingClub Corporation Presents at RBC Capital Markets Technology, Internet, Media & Telecom Conference, Nov-10-2015 01:30 PM. Venue: The Westin Times Square, New York, New York, United States. Speakers: Renaud Laplanche, Founder, Chief Executive Officer and Director.
LendingClub Corporation Presents at Marketplace Lending + Investing Conference, Nov-04-2015 through Nov-05-2015
Nov 3 15
LendingClub Corporation Presents at Marketplace Lending + Investing Conference, Nov-04-2015 through Nov-05-2015. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States. Presentation Date & Speakers: Nov-04-2015, Andrew Deringer, VP, Head of Financial Institutions Group. Nov-05-2015, Andrew Deringer, VP, Head of Financial Institutions Group, Scott C. Sanborn, Chief Operating & Marketing Officer.
LendingClub Corporation Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2015; Revises Earnings Guidance for the Fourth Quarter of 2015 and Full Year 2015 and Provides Earnings Guidance for the Year 2016
Oct 29 15
LendingClub Corporation reported unaudited consolidated earnings results for third quarter and nine months ended September 30, 2015. For the quarter, the company reported total operating revenue of $115,062,000 against $56,538,000 a year ago. Total net revenue was $116,276,000 against $56,064,000 a year ago. Income before income tax expense was $2,183,000 against loss before income tax expense of $6,952,000 a year ago. Net income was $950,000 against net loss of $7,371,000 a year ago. Adjusted EBITDA was $21.2 million in the third quarter of 2015, compared to $7.5 million in the same period last year. As a percent of operating revenue, Adjusted EBITDA margin increased to 18.4% in the third quarter of 2015, up from 13.3% in the prior year. Adjusted EPS Adjusted EPS was $0.04 for the third quarter of 2015, compared to $0.02 in the same period last year. Adjusted net income was $17,855,000 or $0.04 per diluted share against $5,274,000 or $0.02 per diluted share a year ago.
For the nine months, the company reported total operating revenue of $292,226,000 against $143,861,000 a year ago. Total net revenue was $294,425,000 against $143,007,000 a year ago. Loss before income tax expense was $7,315,000 against $22,798,000 a year ago. Net loss was $9,564,000 or $0.03 per basic and diluted share against $23,857,000 or $0.41 per basic and diluted share a year ago.
Adjusted EBITDA was $45.2 million against $13.4 million a year ago. Net cash flow from operating activities was $31,577,000 against $13,258,000 a year ago. Adjusted net income was $35,952,000 or $0.09 per diluted share against $8,420,000 or $0.02 per diluted share a year ago.
For the fourth quarter of 2015, the company’s operating revenues in the range of $128 million to $130 million, up from a previous range of $122 million to $124 million. Adjusted EBITDA in the range of $19 million to $21 million, up from a previous range of $13 million to $15 million.
For the full year 2015, the company’s total revenues in the range of $420 million to $422 million, up from $405 million to $409 million previously. Adjusted EBITDA in the range of $64 million to $66 million, up from $49 million to $53 million previously.
For the full year 2016, the company expects operating revenue growth of 70% and EBITDA margin expansion to 18% of revenues.