LendingClub Corporation

NYSE:LC Stock Report

Market Cap: US$1.7b

LendingClub Management

Management criteria checks 4/4

LendingClub's CEO is Scott Sanborn, appointed in May 2016, has a tenure of 8.5 years. total yearly compensation is $4.56M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 1.19% of the company’s shares, worth $19.98M. The average tenure of the management team and the board of directors is 3.4 years and 3.8 years respectively.

Key information

Scott Sanborn

Chief executive officer

US$4.6m

Total compensation

CEO salary percentage11.0%
CEO tenure8.5yrs
CEO ownership1.2%
Management average tenure3.4yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

Investors Appear Satisfied With LendingClub Corporation's (NYSE:LC) Prospects As Shares Rocket 28%

Oct 26
Investors Appear Satisfied With LendingClub Corporation's (NYSE:LC) Prospects As Shares Rocket 28%

LendingClub Q3 Earnings: A Turnaround Stock As Interest Rates Decline (Upgrade)

Oct 24

LendingClub: Bullish Ahead Of Q3 Earnings

Oct 15

Why LendingClub Is Currently My Favorite Value Stock

Sep 30

LendingClub: Levered Play On Soft Landing

Aug 19

Why Investors Shouldn't Be Surprised By LendingClub Corporation's (NYSE:LC) 49% Share Price Surge

Aug 01
Why Investors Shouldn't Be Surprised By LendingClub Corporation's (NYSE:LC) 49% Share Price Surge

LendingClub Is Set To Outperform SoFi Technologies

Jun 17

LendingClub - An Explosive Move Higher Could Be Brewing

May 10

LendingClub Corporation: A Significant Upside Potential In Consumer Finance

May 01

LendingClub's ROA Positivity: A Glimmer Amidst Uncertainty (Rating Upgrade)

Feb 02

LendingClub: Buybacks And Increased Profitability Could Be On The Cards

Jan 22

LendingClub: Cheap Today, Cheaper Tomorrow

Nov 28

The Consensus EPS Estimates For LendingClub Corporation (NYSE:LC) Just Fell Dramatically

Oct 31
The Consensus EPS Estimates For LendingClub Corporation (NYSE:LC) Just Fell Dramatically

LendingClub: Pause Won't Last Forever

Oct 17

LendingClub: Declining ROA And Growing Loans, Avoid (Rating Downgrade)

Sep 25

LendingClub's Recovery Postponed

Aug 03

LendingClub: Share Price Surge And Marketplace Challenges

Jun 21

LendingClub: Several Positive Catalysts Support Upside Potential

Jun 08

LendingClub Corporation (NYSE:LC) Surges 33% Yet Its Low P/E Is No Reason For Excitement

Jun 03
LendingClub Corporation (NYSE:LC) Surges 33% Yet Its Low P/E Is No Reason For Excitement

Does LendingClub (NYSE:LC) Deserve A Spot On Your Watchlist?

May 05
Does LendingClub (NYSE:LC) Deserve A Spot On Your Watchlist?

LendingClub: When Headwinds Turn To Tailwinds

Feb 19

Things Look Grim For LendingClub Corporation (NYSE:LC) After Today's Downgrade

Feb 01
Things Look Grim For LendingClub Corporation (NYSE:LC) After Today's Downgrade

LendingClub Q4 GAAP EPS, revenue beats

Jan 25

LendingClub announces job cuts as revenue hit by Fed's aggressive rate hikes

Jan 12

LendingClub: Highly Profitable FinTech Bank

Jan 05

SoFi Vs. LendingClub: Which Is The Better FinTech To Hold In A Recession?

Nov 16

LendingClub's Decent Quarter Doesn't Bode Well For Upstart

Nov 03

CEO Compensation Analysis

How has Scott Sanborn's remuneration changed compared to LendingClub's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$52m

Jun 30 2024n/an/a

US$42m

Mar 31 2024n/an/a

US$38m

Dec 31 2023US$5mUS$500k

US$39m

Sep 30 2023n/an/a

US$52m

Jun 30 2023n/an/a

US$91m

Mar 31 2023n/an/a

US$263m

Dec 31 2022US$5mUS$500k

US$290m

Sep 30 2022n/an/a

US$295m

Jun 30 2022n/an/a

US$279m

Mar 31 2022n/an/a

US$107m

Dec 31 2021US$7mUS$500k

US$19m

Sep 30 2021n/an/a

-US$37m

Jun 30 2021n/an/a

-US$99m

Mar 31 2021n/an/a

-US$187m

Dec 31 2020US$6mUS$400k

-US$188m

Sep 30 2020n/an/a

-US$161m

Jun 30 2020n/an/a

-US$127m

Mar 31 2020n/an/a

-US$59m

Dec 31 2019US$6mUS$500k

-US$31m

Sep 30 2019n/an/a

-US$44m

Jun 30 2019n/an/a

-US$67m

Mar 31 2019n/an/a

-US$117m

Dec 31 2018US$6mUS$500k

-US$128m

Sep 30 2018n/an/a

-US$207m

Jun 30 2018n/an/a

-US$191m

Mar 31 2018n/an/a

-US$155m

Dec 31 2017US$7mUS$500k

-US$154m

Compensation vs Market: Scott's total compensation ($USD4.56M) is about average for companies of similar size in the US market ($USD5.34M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Sanborn (55 yo)

8.5yrs

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

NamePositionTenureCompensationOwnership
Scott Sanborn
CEO & Director8.5yrsUS$4.56m1.19%
$ 20.0m
Andrew LaBenne
Chief Financial Officer2.2yrsUS$2.25m0.13%
$ 2.2m
Jordan Cheng
General Counsel & Secretary1.1yrsUS$1.72m0.080%
$ 1.3m
Annie Armstrong
Chief Risk Officerno dataUS$1.70m0.31%
$ 5.2m
Fergal Stack
Principal Accounting Officer & Corporate Controller7.3yrsno data0.20%
$ 3.3m
Lukasz Strozek
Chief Technology Officerless than a yearno datano data
Sameer Gokhale
Head of Investor Relationsno datano datano data
Tina Wilson
Chief People Officer4.1yrsno datano data
Joel Schipper
Chief Audit Executive4.8yrsno datano data
Amber Carroll
Senior Vice President of Membership & Lifecycle Marketing3.4yrsno datano data
Mark Elliot
Chief Customer Officer1.1yrsno datano data
William Cannon
Information Technology Directorno datano datano data

3.4yrs

Average Tenure

50yo

Average Age

Experienced Management: LC's management team is considered experienced (3.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Scott Sanborn
CEO & Director8.3yrsUS$4.56m1.19%
$ 20.0m
Allan Landon
Independent Director3.8yrsUS$292.01k0.087%
$ 1.5m
Michael Zeisser
Independent Director5.2yrsUS$267.51k0.10%
$ 1.7m
Timothy Mayopoulos
Independent Director8.3yrsUS$276.56k0.12%
$ 2.0m
Stephen Cutler
Independent Director1.7yrsUS$285.76k0.046%
$ 773.8k
Kathryn Reimann
Independent Director2.3yrsUS$271.34k0.037%
$ 621.7k
John Morris
Independent Chairman11.8yrsUS$289.51k0.18%
$ 3.0m
Erin Selleck
Independent Director3.8yrsUS$292.51k0.058%
$ 966.5k
Janey Whiteside
Independent Director1.6yrsUS$260.53k0.031%
$ 517.4k
Syed Ahmad
Independent Director2.3yrsUS$261.01k0.037%
$ 621.7k

3.8yrs

Average Tenure

64yo

Average Age

Experienced Board: LC's board of directors are considered experienced (3.8 years average tenure).