LendingClub (LC) Q414 and FY14 Earnings Results

Earnings Reads
SEC Form 8-K | SEC Form 10-K | Press Release | Q4 2014 Results PresentationEarnings Webcast (starts 5:00 PM EST)

Results vs. Estimates

  • Q4 EPS $0.01/sh (in-line)
  • Q4 Revenue $69.6M (beats by $2.93M)

Recent Business Highlights

  • Expanded addressable market by launching super prime loans in the fourth quarter with interest rates starting at 3.99% (4.97% APR (Annual Percentage Rate)) for consumers with excellent credit.
  • Continued the integration of Springstone and launched a “true no interest” product for 6, 12, 18 or 24 months, delivering a transparent, consumer friendly no-interest patient financing experience.
  • Completed a $1 billion initial public offering (IPO), the fourth largest US-based Internet IPO, and began trading on the New York Stock Exchange under the ticker symbol “LC” on December 11, 2014.
  • In the first quarter of 2015, announced three strategic partnerships with Google, Alibaba and BancAlliance, a national consortium of 200 community banks.

A quick look at where the revenues growth stand in the long-term based on our model updated with the latest numbers: