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 ...

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 to ...

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%.Over ...

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 ...

III LendingClub 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 c ...

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.Premium savings accounts, also known as high-yield savings accounts, offer the same (and in some ...

The market expects LendingClub (LC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on A ...