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LendingClub Reports Q4 Results, Revenue, Originations Rise, Shares Sink
['Jd Alois']
Crowdfund Insider
Digital bank LendingClub (NYSE:LC) reported Q4 and full-year results yesterday, but the solid results were not sufficient to inspire investors as shares cratered following the results.
Net income and diluted EPS grew more than 4X to $41.6 million and $0.35, respectively, compared with $9.7 million and $0.08 in the prior year.
Loan originations increased by 40% to $2.6 billion, compared to $1.8 billion in the prior year.
Full-year net income totaled $135.7 million, compared with $51.3 million in 2024.
At least for now, LendingClub plans to stay in its lane and continue executing to drive top- and bottom-line revenue.