Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: US$0.50 (vs US$0.33 in 2Q 2025) Second quarter 2026 results: EPS: US$0.50 (up from US$0.33 in 2Q 2025). Revenue: US$352.8m (up 6.5% from 2Q 2025). Net income: US$58.1m (up 52% from 2Q 2025). Profit margin: 17% (up from 12% in 2Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Jul 08
Happen, Inc. to Report Q2, 2026 Results on Jul 27, 2026 Happen, Inc. announced that they will report Q2, 2026 results After-Market on Jul 27, 2026 Announcement • Jun 05
Lendingclub Corporation Approves to Amend and Restate the Company’S Eighth Amended and Restated Certificate of Incorporation LendingClub Corporation at its annual meeting of stockholders held on June 2, 2026 approved to Amend and Restate the Company’s Eighth Amended and Restated Certificate of Incorporation. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Independent Director Janey Whiteside was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 28
LendingClub Corporation Announces Executive and Committees Changes LendingClub Corporation announced that John C. (Hans) Morris notified the Company of his intent to resign from the Board, including his role as independent Chairman of the Board and all committees of the Board, effective as of March 31, 2026. In connection with Mr. Morris's departure, the Board has appointed Timothy J. Mayopoulos as independent Chairman of the Board effective as of April 1, 2026. Timothy J. Mayopoulos has served on the Board since 2016 and brings decades of experience in financial services leadership and governance. On January 22, 2026, Annie Armstrong informed the Company of her intent to resign from her role as Chief Risk Officer of the Company effective as of March 1, 2026. Annie Armstrong is expected to subsequently remain an employee of the Company in a non-executive capacity through March 31, 2026. Annie Armstrong has led multiple critical enhancements to the Company's risk function, enabling the success of its bank-charter initiative. Announcement • Jan 08
LendingClub Corporation to Report Q4, 2025 Results on Jan 28, 2026 LendingClub Corporation announced that they will report Q4, 2025 results After-Market on Jan 28, 2026 Announcement • Oct 24
LendingClub Corporation Provides Earnings Guidance for the Fourth Quarter of 2025 LendingClub Corporation provided earnings guidance for the fourth Quarter of 2025. For the period, Company expects pre-provision net revenue is $90 million to $100 million, up 21% to 35%. Announcement • Oct 07
LendingClub Corporation to Report Q3, 2025 Results on Oct 22, 2025 LendingClub Corporation announced that they will report Q3, 2025 results After-Market on Oct 22, 2025 Announcement • Jul 10
LendingClub Corporation to Report Q2, 2025 Results on Jul 29, 2025 LendingClub Corporation announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • Apr 12
LendingClub Corporation, Annual General Meeting, Jun 03, 2025 LendingClub Corporation, Annual General Meeting, Jun 03, 2025. Announcement • Apr 08
LendingClub Corporation to Report Q1, 2025 Results on Apr 29, 2025 LendingClub Corporation announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Announcement • Jan 29
LendingClub Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024 LendingClub Corporation reported net charge-offs for the fourth quarter ended December 31, 2024. For the quarter, the company reported net charge-offs of $45,977,000 against $82,511,000 a year ago. Announcement • Jan 10
LendingClub Corporation to Report Q4, 2024 Results on Jan 28, 2025 LendingClub Corporation announced that they will report Q4, 2024 results After-Market on Jan 28, 2025 Buy Or Sell Opportunity • Nov 14
Now 21% undervalued Over the last 90 days, the stock has risen 47% to €14.70. The fair value is estimated to be €18.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.6% in 2 years. Earnings are forecast to grow by 173% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €13.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.25 per share. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.13 (vs US$0.046 in 3Q 2023) Third quarter 2024 results: EPS: US$0.13 (up from US$0.046 in 3Q 2023). Revenue: US$302.0m (up 11% from 3Q 2023). Net income: US$14.5m (up 189% from 3Q 2023). Profit margin: 4.8% (up from 1.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Oct 24
LendingClub Corporation Provides Earnings Guidance for the Fourth Quarter of 2024 LendingClub Corporation provided earnings guidance for the fourth quarter of 2024. For the period, the company expects Pre-provision net revenue (PPNR) to be in the range of $60 million to $70 million. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued Over the last 90 days, the stock has risen 26% to €12.01. The fair value is estimated to be €15.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 6.1% in 2 years. Earnings are forecast to grow by 158% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €12.21, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.92 per share. Announcement • Oct 10
LendingClub Corporation (NYSE:LC) and Pagaya Technologies Ltd. (NasdaqCM:PGY) agreed to acquire Assets of Tally Technologies, Inc. from Tally Technologies, Inc. LendingClub Corporation (NYSE:LC) and Pagaya Technologies Ltd. (NasdaqCM:PGY) agreed to acquire Assets of Tally Technologies, Inc. from Tally Technologies, Inc. on October 9, 2024. Announcement • Oct 04
LendingClub Corporation to Report Q3, 2024 Results on Oct 23, 2024 LendingClub Corporation announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Announcement • Aug 01
Lendingclub Corporation Announces Net Charge-Offs for the Second Quarter Ended June 30, 2024 LendingClub Corporation announced net charge-offs for the second quarter ended June 30, 2024. The company's net charge-offs of $66,818,000. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$0.13 (vs US$0.094 in 2Q 2023) Second quarter 2024 results: EPS: US$0.13 (up from US$0.094 in 2Q 2023). Revenue: US$278.3m (down 7.3% from 2Q 2023). Net income: US$14.9m (up 47% from 2Q 2023). Profit margin: 5.4% (up from 3.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 10%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €9.06, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.48 per share. Announcement • Jul 12
LendingClub Corporation to Report Q2, 2024 Results on Jul 30, 2024 LendingClub Corporation announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Announcement • Jun 08
LendingClub Corporation Announces Resignation of Ronnie Momen as Chief Business Officer, Effective June 14, 2024 LendingClub Corporation announced that on June 3, 2024, Ronnie Momen, the Chief Business Officer of the company, informed the Company of his intent to resign from the Company effective as of June 14, 2024. Mr. Momen’s decision is not a result of any disagreement with the Company. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €8.54, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.52 per share. Announcement • May 03
LendingClub Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2024 LendingClub Corporation reported net charge-offs for the first quarter ended March 31, 2024. For the quarter, the company reported net charge-offs of $80,483,000 against $49,845,000 a year ago. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$0.11 (vs US$0.13 in 1Q 2023) First quarter 2024 results: EPS: US$0.11 (down from US$0.13 in 1Q 2023). Revenue: US$265.2m (down 12% from 1Q 2023). Net income: US$12.3m (down 10% from 1Q 2023). Profit margin: 4.6% (up from 4.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 7.1% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 10%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Apr 28
LendingClub Corporation, Annual General Meeting, Jun 11, 2024 LendingClub Corporation, Annual General Meeting, Jun 11, 2024, at 08:00 Pacific Standard Time. Agenda: To elect Syed Faiz Ahmad Allan Landon and Timothy Mayopoulos as Class I directors, each of whom is currently serving on the Board of Directors, to serve until the 2027 Annual Meeting of Stockholders and until his successor has been elected and qualified or his earlier death, resignation or removal; to approve, on a non-binding advisory basis, the compensation of named executive officers as disclosed in the Proxy Statement; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve a management proposal to amend and restate the Company's Restated Certificate of Incorporation to phase in the declassification of our Board of Directors; and to discuss other matters. Announcement • Apr 10
LendingClub Corporation to Report Q1, 2024 Results on Apr 30, 2024 LendingClub Corporation announced that they will report Q1, 2024 results After-Market on Apr 30, 2024 Buy Or Sell Opportunity • Feb 01
Now 24% undervalued Over the last 90 days, the stock has risen 51% to €7.65. The fair value is estimated to be €10.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 5.7% per annum. Earnings are forecast to grow by 43% per annum over the same time period. Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: US$0.36 (vs US$2.80 in FY 2022) Full year 2023 results: EPS: US$0.36 (down from US$2.80 in FY 2022). Revenue: US$1.14b (down 11% from FY 2022). Net income: US$38.9m (down 87% from FY 2022). Profit margin: 3.4% (down from 23% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 9.1% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jan 31
LendingClub Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023 LendingClub Corporation reported net charge-offs for the fourth quarter ended December 31, 2023. For the quarter, the company reported net charge-offs of $82,511,000 against $37,148,000 a year ago. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €8.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.49 per share. Announcement • Jan 11
LendingClub Corporation to Report Q4, 2023 Results on Jan 31, 2024 LendingClub Corporation announced that they will report Q4, 2023 results After-Market on Jan 31, 2024 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €7.55, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total returns to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.73 per share. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €6.03, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Consumer Finance industry in Europe. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.83 per share. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.046 (vs US$0.41 in 3Q 2022) Third quarter 2023 results: EPS: US$0.046 (down from US$0.41 in 3Q 2022). Revenue: US$271.3m (down 16% from 3Q 2022). Net income: US$5.01m (down 88% from 3Q 2022). Profit margin: 1.8% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 13
LendingClub Corporation to Report Q3, 2023 Results on Oct 25, 2023 LendingClub Corporation announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 New Risk • Jul 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.4% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin). Shareholders have been diluted in the past year (4.9% increase in shares outstanding). Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.094 (vs US$1.77 in 2Q 2022) Second quarter 2023 results: EPS: US$0.094 (down from US$1.77 in 2Q 2022). Revenue: US$300.3m (down 12% from 2Q 2022). Net income: US$10.1m (down 94% from 2Q 2022). Profit margin: 3.4% (down from 53% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 24
Now 20% undervalued Over the last 90 days, the stock is up 41%. The fair value is estimated to be €11.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings is forecast to decline by 29% per annum over the same time period. Announcement • Jul 12
LendingClub Corporation to Report Q2, 2023 Results on Jul 26, 2023 LendingClub Corporation announced that they will report Q2, 2023 results on Jul 26, 2023 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €8.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.11 per share. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.47, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.10 per share. Recent Insider Transactions • May 11
Independent Director recently bought €91k worth of stock On the 9th of May, Stephen Cutler bought around 15k shares on-market at roughly €6.18 per share. This transaction increased Stephen's direct individual holding by 98x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €456k more in shares than they have sold in the last 12 months. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.13 (vs US$0.40 in 1Q 2022) First quarter 2023 results: EPS: US$0.13 (down from US$0.40 in 1Q 2022). Revenue: US$301.4m (flat on 1Q 2022). Net income: US$13.7m (down 67% from 1Q 2022). Profit margin: 4.5% (down from 14% in 1Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Steve Cutler was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €7.49, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 2.8% over the past three years. Reported Earnings • Jan 26
Full year 2022 earnings released: EPS: US$2.80 (vs US$0.19 in FY 2021) Full year 2022 results: EPS: US$2.80 (up from US$0.19 in FY 2021). Revenue: US$1.27b (up 42% from FY 2021). Net income: US$289.7m (up US$271.1m from FY 2021). Profit margin: 23% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 06
Independent Director recently bought €200k worth of stock On the 3rd of November, Allan Landon bought around 20k shares on-market at roughly €9.98 per share. This transaction amounted to 86% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €451k more in shares than they have sold in the last 12 months. Board Change • Oct 31
High number of new directors Director Kathryn Reimann was the last director to join the board, commencing their role in 2022. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.41 (vs US$0.27 in 3Q 2021) Third quarter 2022 results: EPS: US$0.41 (up from US$0.27 in 3Q 2021). Revenue: US$324.5m (up 24% from 3Q 2021). Net income: US$43.2m (up 59% from 3Q 2021). Profit margin: 13% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Finance industry in Europe. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Oct 27
LendingClub Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022 LendingClub Corporation provided earnings guidance for the fourth quarter and full year of 2022. For the fourth quarter, the company expects total net revenue to be in the range of $255 million to $265 million and net income to be in the range of $15 million to $25 million. For the full year, the company expects total net revenue to be in the range of $1,180 million to $1,190 million and net income to be in the range of $280 million to $290 million. Announcement • Oct 05
LendingClub Corporation to Report Q3, 2022 Results on Oct 26, 2022 LendingClub Corporation announced that they will report Q3, 2022 results After-Market on Oct 26, 2022 Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Kathryn Reimann was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 03
LendingClub Corporation Announces Management Changes LendingClub Corporation announced that Faiz Ahmad and Kathryn Reimann will join as the newest members of its Board of Directors, effective August 15, 2022. LendingClub also announced that Patricia McCord has decided that, after almost five years on the Board of Directors, she will resign effective September 30, 2022. Mr. Ahmad has more than two decades of expertise in leveraging technology to transform the customer experience for large consumer brands. He was CEO, Direct to Consumer at Optum, a subsidiary of United Health Group, and has also held leadership positions at Apple and Delta Airlines. He will serve on the Board's Compensation Committee, Nominating and Corporate Governance Committee, and Operational Risk Committee. Ms. Reimann spent more than two decades as a Chief Compliance Officer, most recently at Citibank, NA and before that, at American Express, and has advised other financial services and fintech companies on compliance risk management, bank regulatory and governance issues. Currently, she is an Adjunct Professor and Senior Fellow in the Program on Corporate Compliance & Enforcement at New York University School of Law, a regulatory advisor to Hummingbird Regtech and a Senior Advisor at Oliver Wyman. She will serve on the Board's Audit Committee, Credit Risk and Finance Committee and Operational Risk Committee. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$1.77 (vs US$0.096 in 2Q 2021) Second quarter 2022 results: EPS: US$1.77 (up from US$0.096 in 2Q 2021). Revenue: US$342.3m (up 52% from 2Q 2021). Net income: US$182.1m (up US$172.7m from 2Q 2021). Profit margin: 53% (up from 4.2% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 07
LendingClub Corporation to Report Q2, 2022 Results on Jul 27, 2022 LendingClub Corporation announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 27, 2022 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €12.39, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Consumer Finance industry in Europe. Total loss to shareholders of 7.7% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 23% share price gain to €14.70, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total returns to shareholders of 16% over the past three years. Announcement • May 26
LendingClub Corporation Adds Client-to-Client Sales to Its LCX Automated Loan Auction Platform LendingClub Corporation announced a major enhancement to its automated loan auction platform, LCX. Institutional investors can now sell LendingClub loans directly to each other on the platform, increasing liquidity for this market-leading asset via an efficient digital marketplace. LCX marks a digital revolution in marketplace investing. Prior to its introduction in 2019, investors used spreadsheets with millions of cells, multiple legal agreements, and other manual processes to purchase loans on LendingClub's platform. LCX's fully digital process enables LendingClub to achieve market clearing prices quickly and efficiently – it reduces settlement time from weeks to days, enables price discovery, and drives greater insight for LendingClub into the dynamics of the marketplace. Over the past three years, LendingClub has expanded LCX's capabilities dramatically from solely secondary market sales to adding the ability to connect without an API to putting whole loan portfolios on to the dynamic price platform for its largest investors; and now enabling client-to-client sales. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €11.51, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Total loss to shareholders of 23% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.40 (vs US$0.49 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.40 (up from US$0.49 loss in 1Q 2021). Revenue: US$301.5m (up 131% from 1Q 2021). Net income: US$40.8m (up US$87.9m from 1Q 2021). Profit margin: 14% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 81% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 20
LendingClub Corporation, Annual General Meeting, Jun 02, 2022 LendingClub Corporation, Annual General Meeting, Jun 02, 2022, at 09:00 US Eastern Standard Time. Agenda: To consider and discuss about electing John C. (Hans) Morris and Erin Selleck as Class II directors, each of whom is currently serving on our Board of Directors, to serve until the 2025 Annual Meeting of Stockholders and until his or her successor has been elected and qualified or his or her earlier death, resignation or removal; to approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement; to ratify the appointment of Deloitte & Touche LLP as company's independent registered public accounting firm for the fiscal year ending December 31, 2022; to approve a management proposal to amend the Company's Restated Certificate of Incorporation to phase in the declassification of our Board of Directors; to approve a management proposal to amend the Company's Restated Certificate of Incorporation to add a federal forum selection provision; and to consider any other matter thereof. Announcement • Apr 19
Susan Athey Intens to Not Stand for Re-Election to the Company’s Board of Directors On April 13, 2022, Susan Athey notified LendingClub Corporation (the “Company”) of her intention to not stand for re-election to the Company’s Board of Directors (the “Board”) at the Company’s 2022 annual meeting of stockholders on June 2, 2022 (the “2022 Annual Meeting”). Accordingly, as of the 2022 Annual Meeting, Ms. Athey will complete her existing term and cease to be an ongoing member of the Board or any committee of the Board. Ms. Athey is currently chair of the Board’s Nominating and Corporate Governance Committee (the “Nom-Gov Committee”) and a member of the Board’s Operational Risk Committee. Effective as of the 2022 Annual Meeting, Michael Zeisser will serve as chair of the Nom-Gov Committee. Ms. Athey has served on the Board for a number of years and has provided invaluable support and expertise to the Company; however, she has decided to pursue other interests and opportunities. Ms. Athey’s decision to not stand for re-election to the Board was not as a result of any disagreement with the Company. Retaining a diverse Board remains an important consideration as the Company contemplates future appointments. Announcement • Apr 07
LendingClub Corporation to Report Q1, 2022 Results on Apr 27, 2022 LendingClub Corporation announced that they will report Q1, 2022 results After-Market on Apr 27, 2022 Announcement • Feb 11
LendingClub Corporation Appoints Balaji Thiagarajan as Chief Technology Officer LendingClub Corporation announced Balaji Thiagarajan as the company's new Chief Technology Officer. Thiagarajan has 25+ years of experience in leading product management, engineering, and technology operations, and driving innovations across big data, machine learning, mobile, and cloud computing. Prior to joining LendingClub, he was CTO and SVP, Product Development at Change Healthcare. Thiagarajan reporting directly to Scott Sanborn to lead all product development efforts, including the company's financial application suite and business platforms, as well as Technology Operations, Product Management, and Enterprise Program Management organizations. Reported Earnings • Jan 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.19 (up from US$2.07 loss in FY 2020). Revenue: US$898.6m (up 100% from FY 2020). Net income: US$18.6m (up US$206.1m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 27%, compared to a 99% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year. Announcement • Jan 27
Lendingclub Corporation Provides Consolidated Earnings Guidance for the First Quarter and Full Year of 2022 LendingClub Corporation provided consolidated earnings guidance for the first quarter and full year of 2022. For the quarter, the company expects the total revenue to be in the range of $255 million to $265 million and consolidated net income to be in the range of $25 million to $30 million.For the full year, the company expects the total revenue to be in the range of $1.1 billion to $1.2 billion and consolidated net income to be in the range of $130 million to $150 million. Breakeven Date Change • Jan 12
Forecast to breakeven in 2022 The 6 analysts covering LendingClub expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$161.7m in 2022. Average annual earnings growth of 39% is required to achieve expected profit on schedule. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$0.27 (vs US$0.38 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$263.7m (up 150% from 3Q 2020). Net income: US$27.2m (up US$61.5m from 3Q 2020). Profit margin: 10% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 5 analysts covering LendingClub expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$120.7m in 2022. Average annual earnings growth of 52% is required to achieve expected profit on schedule. Executive Departure • Sep 17
Director Adrienne Harris has left the company On the 12th of September, Adrienne Harris' tenure as Director ended after less than a year in the role. We don't have any record of a personal shareholding under Adrienne's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Announcement • Sep 10
LendingClub Expands Investor Access to Personal Loans Via LCX Link LendingClub Corporation announced it has extended the capabilities of its electronic trading platform LCX to include LCX Link. This innovation opens access and removes friction for institutional platform investors, allowing them to automatically purchase, sell and settle loan transactions through LCX without the need for technology infrastructure or ability to build connectivity. LCX replaces traditional manual processes with a digital platform. The technology allows for variable loan sale pricing, which includes the ability to sell new loans above par. With an automated auction mechanism, investors can bid for and purchase a selection of loans from LendingClub that match their preferred attributes. Previously LCX was only available through an API, but with LCX Link, banks and other institutional investors can easily connect and purchase loans that meet their risk return profile, regardless of their in-house technology infrastructure. Recent Insider Transactions • Sep 10
Independent Director recently bought €51k worth of stock On the 3rd of September, Michael Zeisser bought around 2k shares on-market at roughly €26.09 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €89k more in shares than they bought in the last 12 months. Executive Departure • Sep 07
Chief Technology Officer Bahman Koohestani has left the company On the 1st of September, Bahman Koohestani's tenure as Chief Technology Officer ended after 3.3 years in the role. As of June 2021, Bahman still personally held 126.64k shares (€1.9m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.96 years. Recent Insider Transactions • Aug 04
Chief Technology Officer recently sold €123k worth of stock On the 30th of July, Bahman Koohestani sold around 6k shares on-market at roughly €20.57 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €140k more than they bought in the last 12 months.