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LendingClub Reports Fourth Quarter and Full Year 2024 Results

1. LendingClub grew originations by 13% and total assets by 20% in Q4. 2. The company successfully executed a $400 million loan sale, boosting revenue by 17%.

Earnings
-14.37%Current Return
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-0.43%S&P 500
$16.8401/28 04:07 PM EDTEvent Start
$14.4201/29 10:59 PM EDTLatest Updated
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FAQ

Why Bullish?

LendingClub's strong growth in originations and revenue indicates positive operational momentum, likely benefiting LC's stock. Historical examples show similar financial growth often leads to stock price appreciation.

How important is it?

The financial results are key indicators of the company's performance and future outlook, strongly impacting investor sentiment towards LC.

Why Short Term?

The reported achievements are likely to influence LC's stock in the upcoming quarter. Similar past financial performance often shows immediate stock reaction.

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LC
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.

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