LendingClub Had a Fine Quarter. Why the Stock Is Falling 21%.
The web-based lending company's quarterly revenue beat Wall Street estimates.
LendingClub Shares Plummet as Loan Originations Slow
LendingClub's latest quarterly results, released Tuesday (Jan. 28), indicated growth across several key metrics, including loan originations and deposits through its digital banking arm, and some improving credit metrics. However, in some cases, growth decelerated in the final quarter of the year, and forward-looking guidance helped send shares down 23% after hours on Tuesday.
LendingClub Corporation (LC) Q4 2024 Earnings Call Transcript
LendingClub Corporation (NYSE:LC ) Q4 2024 Earnings Conference Call January 28, 2025 5:00 PM ET Company Participants Artem Nalivayko - IR Scott Sanborn - CEO Drew LaBenne - CFO Conference Call Participants Vincent Caintic - BTIG Brad Capuzzi - Piper Sandler Tim Switzer - KBW Giuliano Bologna - Compass Bill Ryan - Seaport Research Partners John Hecht - Jefferies Reggie Smith - JPMorgan Operator Good afternoon. Thank you for attending today's LendingClub Fourth Quarter ‘24 Earnings Conference Call.
LendingClub (LC) Surpasses Q4 Earnings and Revenue Estimates
LendingClub (LC) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.09 per share a year ago.
LendingClub Reports Fourth Quarter and Full Year 2024 Results
Grew Originations +13%, Revenue +17%, and Total Assets +20% in Fourth Quarter Compared to Prior Year Executed $400 Million Loan Sale out of the Held-for-Sale Portfolio to a New Bank Buyer SAN FRANCISCO , Jan. 28, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the fourth quarter and full year ended December 31, 2024. "We executed well in 2024, exiting the year with growth in originations, continued credit outperformance, successful new products and experiences, and more than five million members," said Scott Sanborn, LendingClub CEO.
LendingClub Set to Report Q4 Earnings: What's in Store for LC?
An improvement in the top line, driven by the expected rise in interest-earning assets and other revenue components to aid LC's Q4 earnings.
Initiating Buy On LendingClub: Lower Interest Rates And Excess Capital Present Opportunity
Since acquiring Radius Bank in 2021, LendingClub's stock has been volatile. The high interest rate environment proved challenging, but the company has begun to turn the corner thanks to a more stable rate environment and the potential for further interest rate cuts. LendingClub can grow earnings significantly in 2025/2026 as loan originations ramp and bank buyers return to the marketplace.
LendingClub Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
SAN FRANCISCO , Jan. 9, 2025 /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 fourth quarter and full year 2024 after market closes on Tuesday, January 28, 2025. LendingClub will host a conference call to discuss the fourth quarter and full year 2024 financial results at 2:00 p.m.
LendingClub: Joining The Club For 2025
LendingClub remains an attractive investment due to significant growth opportunities, strong execution, and a valuation below historical norms, despite a strong 2024 performance. The company has evolved from a P2P lender to a mature financial institution, offering diverse loan products across personal, business, auto, and banking services. LendingClub's focus on consumer education and innovative solutions like DebtIQ and Tally positions it to capitalize on rising credit card debt and high interest rates.
Here's why the LendingClub stock price may surge 53% soon
LendingClub stock price recovered strongly after bottoming at $4.90 in 2023 as concerns about its viability continued. LC has soared to $17.50, its highest level since February 2022, bringing its market cap to over $1.97 billion.
Big Money Joins the LendingClub
LendingClub Corp. (LC) is strategically growing its customer base and profits.
LendingClub: The Historic Debt Consolidation Opportunity Has Just Started
I believe the 750 bps spread between credit card rates and personal loan rates will drive continued demand for debt consolidation loans, leading to double-digit origination fee growth in 2025. The 75 bps Fed's rate cuts have made the returns on LendingClub's loans significantly more attractive than US Treasuries, increasing demand from banks and asset managers. Despite a 73% rally, I find LendingClub's P/B ratio of 1.48 remains undervalued relative to its 2021 highs and industry peers.
