LendingClub Management
Management criteria checks 4/4
LendingClub's CEO is Scott Sanborn, appointed in May 2016, has a tenure of 8.58 years. total yearly compensation is $4.56M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 1.18% of the company’s shares, worth $22.04M. The average tenure of the management team and the board of directors is 3.5 years and 3.8 years respectively.
Key information
Scott Sanborn
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 11.0% |
| CEO tenure | 8.6yrs |
| CEO ownership | 1.2% |
| Management average tenure | 3.5yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
LendingClub: The Historic Debt Consolidation Opportunity Has Just Started
Dec 19LendingClub: Too Early To Downgrade
Dec 04Investors Appear Satisfied With LendingClub Corporation's (NYSE:LC) Prospects As Shares Rocket 28%
Oct 26
LendingClub Q3 Earnings: A Turnaround Stock As Interest Rates Decline (Upgrade)
Oct 24LendingClub: Bullish Ahead Of Q3 Earnings
Oct 15Why LendingClub Is Currently My Favorite Value Stock
Sep 30LendingClub: Levered Play On Soft Landing
Aug 19Why Investors Shouldn't Be Surprised By LendingClub Corporation's (NYSE:LC) 49% Share Price Surge
Aug 01LendingClub 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 31LendingClub: 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 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$52m |
| Jun 30 2024 | n/a | n/a | US$42m |
| 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 about average for companies of similar size in the US market ($USD5.37M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
CEO
Scott Sanborn (55 yo)
8.6yrs
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 | 8.6yrs | US$4.56m | 1.18% $ 22.0m | |
| Chief Financial Officer | 2.3yrs | US$2.25m | 0.14% $ 2.7m | |
| General Counsel & Secretary | 1.2yrs | US$1.72m | 0.085% $ 1.6m | |
| Chief Risk Officer | no data | US$1.70m | 0.32% $ 6.0m | |
| Principal Accounting Officer & Corporate Controller | 7.3yrs | no data | 0.20% $ 3.8m | |
| Chief Technology Officer | less than a year | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief People Officer | 4.2yrs | no data | no data | |
| Chief Audit Executive | 4.9yrs | no data | no data | |
| Senior Vice President of Membership & Lifecycle Marketing | 3.5yrs | no data | no data | |
| Chief Customer Officer | 1.2yrs | no data | no data | |
| Information Technology Director | no data | no data | no data |
3.5yrs
Average Tenure
50yo
Average Age
Experienced Management: LC's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.3yrs | US$4.56m | 1.18% $ 22.0m | |
| Independent Director | 3.8yrs | US$292.01k | 0.087% $ 1.6m | |
| Independent Director | 5.3yrs | US$267.51k | 0.10% $ 1.9m | |
| Independent Director | 8.3yrs | US$276.56k | 0.12% $ 2.2m | |
| Independent Director | 1.8yrs | US$285.76k | 0.046% $ 859.9k | |
| Independent Director | 2.3yrs | US$271.34k | 0.037% $ 690.8k | |
| Independent Chairman | 11.8yrs | US$289.51k | 0.18% $ 3.4m | |
| Independent Director | 3.8yrs | US$292.51k | 0.058% $ 1.1m | |
| Independent Director | 1.7yrs | US$260.53k | 0.031% $ 574.9k | |
| Independent Director | 2.3yrs | US$261.01k | 0.037% $ 690.8k |
3.8yrs
Average Tenure
64yo
Average Age
Experienced Board: LC's board of directors are considered experienced (3.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 05:26 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
LendingClub Corporation is covered by 32 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Williams | BMO Capital Markets Equity Research |
| Vincent Caintic | BTIG |
| Michael Graham | Canaccord Genuity |