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LC

10.06USD-0.50(-4.73%)Market Closed

LendingClub Corp

Market Summary

USD10.06-0.50Market Closed
-4.73%

LC Alerts

LC Stock Price

RSI Chart

Valuation

Market Cap

1.1B

Price/Earnings

62.99

Price/Sales

1.46

Price/Cashflow

2.54

MarketCap/EBT

6.65

Price/Sales

Profitability

EBT Margin

21.96%

Return on Equity

1.72%

Return on Assets

0.3%

Fundamentals

Revenue

Revenue (TTM)

764.0M

Revenue Y/Y

0.2%

Revenue Q/Q

-15.24%

Earnings

Earnings (TTM)

18.6M

Price Action

52 Week Range

9.3436.91
(Low)(High)

Last 7 days

-1.2%

Last 30 days

-6.5%

Last 90 days

-25.3%

Trailing 12 Months

-71.8%

Financial Health

Investor Care

Shares Dilution (1Y)

5.22%

Peers (Alternatives to LendingClub)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
112.4B
41.6B
0.29% -2.55%
14.67
2.7
29.77% -1.52%
41.1B
28.9B
-6.47% -31.85%
4.13
1.51
14.14% -31.75%
28.9B
11.8B
1.71% -4.76%
6.52
2.46
10.13% -14.57%
16.6B
16.5B
1.45% -21.74%
5.1
1.01
8.41% -21.56%
MID-CAP
8.7B
9.2B
-6.82% -44.25%
3.49
0.95
8.32% -12.52%
6.1B
1.8B
-1.13% -27.79%
7.72
3.3
-0.20% -30.97%
4.7B
4.4B
1.48% -17.44%
4.88
1.06
2.14% -31.84%
4.4B
1.9B
-0.12% -5.04%
5.17
2.3
6.03% -38.64%
2.2B
2.8B
7.36% -17.38%
4.16
0.78
3.28% -42.06%
SMALL-CAP
1.1B
764.0M
-6.51% -71.79%
62.99
1.46
52.02% 109.91%
1.0B
1.4B
-1.29% -50.13%
20.72
0.73
3.70% 40.66%
204.8M
1.0B
-36.76% -81.68%
-2.14
0.2
33.81% -164.81%
184.0M
174.9M
-2.42% -4.47%
3.14
1.05
17.96% 3714.40%
130.2M
315.9M
23.88% -4.69%
1.65
0.44
21.83% 177.67%
31.7M
497.0M
79.41% -44.88%
-0.5
0.07
31.54% -1140.00%

Financials for LendingClub

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue0.0%764764708606503
Earnings Before Taxes4.8%176168114-37.39
Net Income-19
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets9.5%6,7756,1875,5744,9004,751
    Cash Equivalents-7.5%1,0191,1021,114764940
  Net PPE8.3%1301201129896
  Goodwill0%7676767676
Liabilities10.7%5,6545,1084,6874,0503,946
.    Short Term Borrowings-39.8%58132846
Shareholder's Equity3.9%1,1211,079887850805
  Retained Earnings8.7%-451.34-494.53-676.59-717.43-796.74
  Additional Paid-In Capital1.1%1,6121,5941,5761,6101,595
Accumulated Depreciation-2.4%10410610698108
Shares Outstanding1.4%105104102101100
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations5.6%464439332240171
  Share Based Compensation-0.1%6868686763
Cashflow From Investing-34.5%-2,074.01-1,541.63-1,102.54-454.4140
Cashflow From Financing11.7%1,6901,512913350185
  Dividend PaymentsNaN%00
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on LC?

100%


Probability that LendingClub stock will be more than 20% underwater in next one year

100%


Probability that LendingClub stock will be more than 30% underwater in next one year.

82.3%


Probability that LendingClub stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if LendingClub was unfortunately bought at previous high price.

Returns

Cumulative Returns on LC

-22.5%


7-Year Cumulative Returns

-14.9%


5-Year Cumulative Returns

-10.0%


3-Year Cumulative Returns

What are the long-term rolling returns for LC?

FIve years rolling returns for LendingClub.

Which funds bought or sold LC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-0.79
-94,000
1,420,000
-%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
21.88
7,000
50,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-76,000
-
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO
UNCHANGED
-
-7,000
115,000
-%
2022-11-15
Requisite Capital Management, LLC
NEW
-
221,000
221,000
0.07%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
UNCHANGED
-
-3,000
57,000
-%
2022-11-15
ALGERT GLOBAL LLC
ADDED
11
67,000
1,412,000
0.09%
2022-11-15
ALLIANCEBERNSTEIN L.P.
UNCHANGED
-
-65,000
1,118,000
-%
2022-11-15
BNP PARIBAS ARBITRAGE, SNC
NEW
-
906,155
906,155
-%
2022-11-15
Balyasny Asset Management LLC
ADDED
274.21
1,433,000
1,997,000
0.01%

1–10 of 39

Latest Funds Activity

Are funds buying LC calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own LC

LendingClub News

Seeking Alpha

SoFi Stock: An Honest Discussion Of Accounting And Risks (NASDAQ:SOFI).16 hours ago

Seeking Alpha

Yahoo Finance

LC Fair Value

Recent SEC filings of LendingClub

View All Filings
Date Filed Form Type Document
Nov 15, 2022
ABS-15G
ABS-15G
Nov 09, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Nov 04, 2022
4
Insider Trading
Nov 01, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Oct 04, 2022
4
Insider Trading
Sep 08, 2022
3
Insider Trading
Aug 29, 2022
4
Insider Trading
Aug 29, 2022
4
Insider Trading

Latest Insider Trading transactions for LC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-07
LANDON ALLAN R
BOUGHT
47,500
9.5
5,000
-
2022-11-04
LaBenne Andrew
BOUGHT
117,084
9.519
12,300
Chief Financial Officer
2022-11-03
LANDON ALLAN R
BOUGHT
144,828
9.6552
15,000
-
2022-11-02
LANDON ALLAN R
BOUGHT
50,049.5
10.0099
5,000
-
2022-08-26
Momen Ronnie
SOLD
-467,452
13.8603
-33,726
Bank-Chief of Consumer Banking
2022-08-26
PACE BRANDON
SOLD
-286,080
13.8591
-20,642
Chief Administrative Officer
2022-08-26
Kay Valerie
SOLD
-300,175
13.8572
-21,662
Bank-Chief Capital Officer
2022-08-26
ARMSTRONG ANNIE
SOLD
-513,472
13.8604
-37,046
Chief Risk Officer
2022-08-26
Stack Fergal
SOLD
-83,722.9
13.8614
-6,040
SVP, Corporate Controller
2022-08-25
Sanborn Scott
GIVEN BACK TO IS
-189,065
14.01
-13,495
CEO

1–10 of 50

Scott C. Sanborn
1380
LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors. LendingClub Corporation was incorporated in 2006 and is headquartered in San Francisco, California.

LC Income Statement

2022-09-30
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Non-interest income:    
Marketplace revenue$ 173,837$ 174,556$ 560,187$ 408,018
Other non-interest income7,4006,32224,73918,670
Total non-interest income181,237180,878584,926426,688
Interest income:    
Interest on loans held for sale5,8798,53620,45922,387
Interest and fees on loans and leases held for investment124,02857,644324,381112,013
Interest on retail and certificate loans held for investment at fair value3,68512,17215,74548,448
Interest on other loans held for investment at fair value7919732,0153,674
Interest on securities available for sale3,8203,18012,7577,954
Other interest income5,0173557,984701
Total interest income143,22082,860383,341195,177
Interest expense:    
Interest on deposits15,1841,89924,7004,612
Interest on short-term borrowings878499393,116
Interest on retail notes, certificates and secured borrowings3,68512,17215,74548,448
Interest on Structured Program borrowings2252,1201,3497,996
Interest on other long-term debt3635321,0261,306
Total interest expense19,54417,57243,75965,478
Net interest income123,67665,288339,582129,699
Total net revenue304,913246,166924,508556,387
Provision for credit losses82,73937,524205,81493,651
Non-interest expense:    
Compensation and benefits84,91673,304251,629209,649
Marketing46,03150,782162,608105,434
Equipment and software12,49110,29735,99827,471
Occupancy5,0516,48617,27919,543
Depreciation and amortization10,68110,54932,27733,823
Professional services11,94311,75040,48734,873
Other non-interest expense15,10615,60746,53142,373
Total non-interest expense186,219178,775586,809473,166
Income (Loss) before income tax benefit (expense)35,95529,867131,885(10,430)
Income tax benefit (expense)7,243(2,682)134,209(98)
Net income (loss)$ 43,198$ 27,185$ 266,094$ (10,528)
Common Stock    
Net income (loss) per share:    
Basic EPS ($ per share)[1]$ 0.41$ 0.27$ 2.59$ (0.11)
Diluted EPS ($ per share)[1]$ 0.41$ 0.26$ 2.56$ (0.11)
Weighted-average common shares – Basic (shares)[1]104,215,59499,073,507102,838,64596,531,725
Weighted-average common shares – Diluted (shares)[1]105,853,938106,108,662104,116,24096,531,725
Preferred stock    
Net income (loss) per share:    
Basic EPS ($ per share)[1]$ 0$ 0$ 0$ (0.11)
Diluted EPS ($ per share)[1]$ 0$ 0$ 0$ (0.11)
Weighted-average common shares – Basic (shares)[1]000873,217
Weighted-average common shares – Diluted (shares)[1]000873,217
[1]See “Notes to Condensed Consolidated Financial StatementsNote 3. Net Income (Loss) Per Share” for additional information.

LC Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets  
Cash and due from banks$ 23,211$ 35,670
Interest-bearing deposits in banks929,630651,456
Total cash and cash equivalents952,841687,126
Restricted cash[1]66,28576,460
Securities available for sale at fair value ($415,726 and $256,170 at amortized cost, respectively)359,157263,530
Loans held for sale (includes $62,811 and $142,370 at fair value, respectively)[1]90,058391,248
Loans and leases held for investment4,806,9272,899,126
Allowance for loan and lease losses(303,201)(144,389)
Loans and leases held for investment, net4,503,7262,754,737
Retail and certificate loans held for investment at fair value[1]87,144229,719
Other loans held for investment at fair value[1]15,05721,240
Property, equipment and software, net129,95797,996
Goodwill75,71775,717
Other assets[1]495,132302,546
Total assets6,775,0744,900,319
Deposits:  
Interest-bearing4,868,1322,919,203
Noninterest-bearing255,374216,585
Total deposits5,123,5063,135,788
Short-term borrowings4,80327,780
Advances from Paycheck Protection Program Liquidity Facility (PPPLF)91,671271,933
Retail notes, certificates and secured borrowings at fair value[1]87,144229,719
Payable on Structured Program borrowings[1]11,18565,451
Other long-term debt15,30015,455
Other liabilities[1]320,055303,951
Total liabilities5,653,6644,050,077
Equity  
Series A Preferred stock, $0.01 par value; 1,200,000 shares authorized; 0 shares issued and outstanding00
Common stock, $0.01 par value; 180,000,000 shares authorized; 105,088,761 and 101,043,924 shares issued and outstanding, respectively1,0511,010
Additional paid-in capital1,611,6271,559,616
Accumulated deficit(451,336)(717,430)
Treasury stock, at cost; 7,751 and 0 shares, respectively(98)0
Accumulated other comprehensive income (loss)(39,834)7,046
Total equity1,121,410850,242
Total liabilities and equity$ 6,775,074$ 4,900,319
[1]Includes amounts in consolidated variable interest entities (VIEs) presented separately in the table below.
The following table presents the assets and liabilities of consolidated VIEs, which are included in the Condensed Consolidated Balance Sheets (Balance Sheet) above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate in consolidation.
September 30, 2022December 31, 2021
Assets of consolidated VIEs, included in total assets above
Restricted cash$8,600 $13,462 
Loans held for sale at fair value— 41,734 
 Retail and certificate loans held for investment at fair value 2,940 10,281 
Other loans held for investment at fair value6,375 20,929 
Other assets 218 584 
Total assets of consolidated VIEs$18,133 $86,990 
Liabilities of consolidated VIEs, included in total liabilities above
Retail notes, certificates and secured borrowings at fair value$2,940 $10,281 
Payable on Structured Program borrowings11,185 65,451 
Other liabilities39 467 
Total liabilities of consolidated VIEs$14,164 $76,199