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Wednesday, January 26, 2022

Lending Club (LC) reported earnings on Wed 26 Jan 22 (a/h)

  ** charts after earnings **
 

 
 



Co reported Q4 results, topping consensus for revs, which increased +7% sequentially, outpacing growth in originations. Marketplace revs declined 2% sequentially. Net income was negatively impacted by $56.6 mln of notable items, including $39.5 mln of CECL provisioning, less net charge-offs. Issued upside guidance for Q1 revs and in-line guidance for FY22 revs. Co sees FY22 consolidated net income of $130-150 mln.

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