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Lendingclub Corp. (LC)
:LC
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -44.27%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
LendingClub demonstrated strong growth in originations, deposit expansion, and marketplace demand while successfully exiting its bank operating agreement. However, increased provisions for credit losses and higher non-interest expenses present challenges. The sentiment leans positive due to significant achievements and strategic advancements despite some financial headwinds.Company Guidance
During the LendingClub Q4 2024 earnings call, the company provided guidance for the upcoming year, highlighting several key metrics and strategic initiatives. For Q1 2025, LendingClub anticipates originations between $1.8 billion and $1.9 billion, marking a 12% year-over-year increase. The company plans to exit Q4 2025 with originations at or above $2.3 billion, representing a 25% growth from current levels. Pre-provision net revenue (PPNR) is expected to range between $60 million and $70 million in Q1, with the company aiming for an 8% return on tangible common equity (ROTCE) by Q4 2025. The guidance assumes stable employment, inflation, and one Federal Reserve rate cut in the second half of the year. Additionally, LendingClub is focused on improving loan sales pricing, expanding marketing channels, and enhancing its mobile app to drive growth and engagement.Strong Year-Over-Year Growth in Key Metrics
Originations increased by 13% year-over-year, pre-provision net revenue rose by 34%, and total net revenue climbed 17% to $217 million.
Successful Exit from Bank Operating Agreement
LendingClub became one of the first fintech banks to successfully exit its new bank operating agreement on time.
Deposit Base Expansion
Deposits grew by 24%, supported by the launch of the LevelUp Savings product.
Marketplace Demand and Loan Sales Prices
Four consecutive quarters of increasing loan sales prices, up by 170 basis points year-over-year, with banks purchasing roughly one-third of volume in Q4.
Launch of Innovative Products
Products like TopUp and DebtIQ have shown significant engagement and increased issuance, contributing to the company's competitive edge and marketing efficiency.
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LC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $16.83 | $14.42 | -14.32% |
| Oct 23, 2024 | $12.46 | $13.82 | +10.91% |
| Jul 30, 2024 | $11.19 | $12.51 | +11.80% |
| Apr 30, 2024 | $7.52 | $9.00 | +19.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lendingclub Corp. (LC) report earnings?
Lendingclub Corp. (LC) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Lendingclub Corp. (LC) earnings time?
Lendingclub Corp. (LC) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LC EPS forecast?
LC EPS forecast for the fiscal quarter 2025 (Q1) is 0.11.
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