LendingClub Management
Management criteria checks 3/4
LendingClub's CEO is Scott Sanborn, appointed in May 2016, has a tenure of 8.08 years. total yearly compensation is $4.56M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 1.26% of the company’s shares, worth $11.09M. The average tenure of the management team and the board of directors is 3 years and 3.3 years respectively.
Key information
Scott Sanborn
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 11.0% |
| CEO tenure | 8.1yrs |
| CEO ownership | 1.3% |
| Management average tenure | 3yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
LendingClub Is Set To Outperform SoFi Technologies
Jun 17LendingClub - An Explosive Move Higher Could Be Brewing
May 10LendingClub Corporation: A Significant Upside Potential In Consumer Finance
May 01LendingClub's ROA Positivity: A Glimmer Amidst Uncertainty (Rating Upgrade)
Feb 02LendingClub: Buybacks And Increased Profitability Could Be On The Cards
Jan 22LendingClub: Cheap Today, Cheaper Tomorrow
Nov 28The Consensus EPS Estimates For LendingClub Corporation (NYSE:LC) Just Fell Dramatically
Oct 31
LendingClub: Pause Won't Last Forever
Oct 17LendingClub: Declining ROA And Growing Loans, Avoid (Rating Downgrade)
Sep 25LendingClub's Recovery Postponed
Aug 03LendingClub: Share Price Surge And Marketplace Challenges
Jun 21LendingClub: Several Positive Catalysts Support Upside Potential
Jun 08LendingClub Corporation (NYSE:LC) Surges 33% Yet Its Low P/E Is No Reason For Excitement
Jun 03Does LendingClub (NYSE:LC) Deserve A Spot On Your Watchlist?
May 05LendingClub: When Headwinds Turn To Tailwinds
Feb 19Things Look Grim For LendingClub Corporation (NYSE:LC) After Today's Downgrade
Feb 01LendingClub Q4 GAAP EPS, revenue beats
Jan 25LendingClub announces job cuts as revenue hit by Fed's aggressive rate hikes
Jan 12LendingClub: Highly Profitable FinTech Bank
Jan 05SoFi Vs. LendingClub: Which Is The Better FinTech To Hold In A Recession?
Nov 16LendingClub's Decent Quarter Doesn't Bode Well For Upstart
Nov 03LendingClub Non-GAAP EPS of $0.36 beats by $0.04, revenue of $304.9M beats by $10.08M
Oct 26LendingClub Has A Killer Business Model
Oct 16SoFi Or LendingClub: Which Is The Better Stock To Buy?
Sep 15LendingClub: What To Expect Next
Sep 05LendingClub: Playbook For A Recession
Jul 28LendingClub: The Risks And What To Expect
Jul 18LendingClub's Earnings Power Is Only Beginning To Show
Jul 05LendingClub: Deep Dive On Strategy And Capital Allocation
Jun 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$38m |
| Dec 31 2023 | US$5m | US$500k | US$39m |
| Sep 30 2023 | n/a | n/a | US$52m |
| Jun 30 2023 | n/a | n/a | US$91m |
| Mar 31 2023 | n/a | n/a | US$263m |
| Dec 31 2022 | US$5m | US$500k | US$290m |
| Sep 30 2022 | n/a | n/a | US$295m |
| Jun 30 2022 | n/a | n/a | US$279m |
| Mar 31 2022 | n/a | n/a | US$107m |
| Dec 31 2021 | US$7m | US$500k | US$19m |
| Sep 30 2021 | n/a | n/a | -US$37m |
| Jun 30 2021 | n/a | n/a | -US$99m |
| Mar 31 2021 | n/a | n/a | -US$187m |
| Dec 31 2020 | US$6m | US$400k | -US$188m |
| Sep 30 2020 | n/a | n/a | -US$161m |
| Jun 30 2020 | n/a | n/a | -US$127m |
| Mar 31 2020 | n/a | n/a | -US$59m |
| Dec 31 2019 | US$6m | US$500k | -US$31m |
| Sep 30 2019 | n/a | n/a | -US$44m |
| Jun 30 2019 | n/a | n/a | -US$67m |
| Mar 31 2019 | n/a | n/a | -US$117m |
| Dec 31 2018 | US$6m | US$500k | -US$128m |
| Sep 30 2018 | n/a | n/a | -US$207m |
| Jun 30 2018 | n/a | n/a | -US$191m |
| Mar 31 2018 | n/a | n/a | -US$155m |
| Dec 31 2017 | US$7m | US$500k | -US$154m |
Compensation vs Market: Scott's total compensation ($USD4.56M) is above average for companies of similar size in the US market ($USD3.43M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Sanborn (55 yo)
8.1yrs
Tenure
US$4,560,821
Compensation
Mr. Scott C. Sanborn has been the Chief Executive Officer of LendingClub Corporation since June 28, 2016. Mr. Sanborn served as the President of LendingClub Corporation since April 18, 2016 until May 22, 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.1yrs | US$4.56m | 1.26% $ 11.1m | |
| Chief Financial Officer | 1.8yrs | US$2.25m | 0.11% $ 984.6k | |
| General Counsel & Secretary | less than a year | US$1.72m | 0.095% $ 835.5k | |
| Chief Risk Officer | no data | US$1.70m | 0.31% $ 2.7m | |
| Principal Accounting Officer & Corporate Controller | 6.8yrs | no data | 0.19% $ 1.7m | |
| Chief Technology Officer | 2.3yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief People Officer | 3.7yrs | no data | no data | |
| Chief Audit Executive | 4.4yrs | no data | no data | |
| Senior Vice President of Membership & Lifecycle Marketing | 3yrs | no data | no data | |
| Chief Customer Officer | less than a year | no data | no data | |
| Information Technology Director | no data | no data | no data |
3.0yrs
Average Tenure
50yo
Average Age
Experienced Management: LC's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.8yrs | US$4.56m | 1.26% $ 11.1m | |
| Independent Director | 3.3yrs | US$292.01k | 0.088% $ 772.3k | |
| Independent Director | 4.8yrs | US$267.51k | 0.10% $ 916.9k | |
| Independent Director | 7.8yrs | US$276.56k | 0.12% $ 1.1m | |
| Independent Director | 1.3yrs | US$285.76k | 0.047% $ 410.7k | |
| Independent Director | 1.8yrs | US$271.34k | 0.037% $ 329.9k | |
| Independent Chairman | 11.3yrs | US$289.51k | 0.18% $ 1.6m | |
| Independent Director | 3.3yrs | US$292.51k | 0.052% $ 453.4k | |
| Independent Director | 1.2yrs | US$260.53k | 0.031% $ 274.7k | |
| Independent Director | 1.8yrs | US$261.01k | 0.037% $ 329.9k |
3.3yrs
Average Tenure
64yo
Average Age
Experienced Board: LC's board of directors are considered experienced (3.3 years average tenure).