LendingClub reports Q1 EPS 13c, consensus 11c

Reports Q1 revenue $245.7M, consensus $238.36M. Tangible book value per common share of $10.23, up 1.7% from $10.06 at December 31, 2022. "We delivered a solid quarter driven by our strategic advantages, including over 15 years of cycle-tested data, prudent and agile underwriting, and our digital marketplace bank model," said Scott Sanborn, LendingClub CEO. "While we expect continued industry and macro headwinds, these significant advantages, along with our growing online consumer deposit franchise and high-yielding short duration assets, provide us with a range of options to navigate the current macro environment while we build toward an ambitious future for the company and our growing membership base."