Reports Q3 provision for credit losses of $64.5M vs. $66.6M in the prior quarter. Tangible book value per common share of $10.21 compared to $10.26 in the prior quarter. “Our disciplined execution has resulted in our tenth consecutive quarter of GAAP profitability. We are successfully leveraging our proprietary structured certificates program to drive marketplace issuance, while also taking difficult but necessary actions to align our expense base to current market conditions,” said Scott Sanborn, CEO. “Looking ahead, these actions combined with our strong foundation and capital base have us well positioned to capture a historic refinance opportunity as market conditions stabilize.”
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