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LendingClub Reports Fourth Quarter and Full Year 2024 Results

1. LendingClub reported a 13% increase in originations and 17% in revenue. 2. Total assets rose by 20% in Q4 compared to the prior year.

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FAQ

Why Bullish?

The strong financial results indicate growth potential, similar to prior successful quarters.

How important is it?

Positive earnings growth can significantly enhance investor confidence and stock performance.

Why Long Term?

Sustained growth trends are likely to positively influence LC’s long-term valuation.

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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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