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LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit; patient and education finance loans; and commercial loans, including small business loans. The company also provides consumer loans, such as Unsecured and unsecured, fixed-rate, and fixed-term consumer loans; and secured auto refinance loans. In addition, it operates a lending marketplace platform. The company was incorporated in 2006 and is headquartered in San Francisco, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $999M | - | $136M | $-2.9B | 9.0% | 26.9% | 164.3% |
| 2024 | $787M | - | $51M | $-2.7B | 3.8% | -9.0% | 31.8% |
| 2023 | $865M | - | $39M | $-1.2B | 3.1% | -27.2% | -86.6% |
| 2022 | $1.2B | - | $290M | $306M | 24.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,187.22 | 864.62 | 787.01 | 998.85 |
| Pretax Income | 153.04 | 54.62 | 65.07 | 176.95 |
| Tax Provision | -136.65 | 15.68 | 13.74 | 41.27 |
| Net Income | 289.69 | 38.94 | 51.33 | 135.68 |
| Net Income Common Stockholders | 289.69 | 38.94 | 51.33 | 135.68 |
| Interest Expense | 82.52 | 270.79 | 373.92 | 335.87 |
| Interest Income | 557.34 | 832.63 | 907.96 | 961.54 |
| Selling General And Administration | 537.14 | 355.79 | 332.56 | 391.06 |
| Normalized Income | 289.69 | 38.94 | 51.33 | 135.68 |
| Basic EPS | 2.80 | 0.36 | 0.46 | 1.18 |
| Diluted EPS | 2.79 | 0.36 | 0.45 | 1.16 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.29 | 0.21 | 0.23 |
| Net Income From Continuing Operation Net Minority Interest | 289.69 | 38.94 | 51.33 | 135.68 |
| Reconciled Depreciation | 43.83 | 47.20 | 58.83 | 62.89 |
| Net Interest Income | 474.82 | 561.84 | 534.04 | 625.67 |
| Net Income From Continuing And Discontinued Operation | 289.69 | 38.94 | 51.33 | 135.68 |
| Diluted Average Shares | 104 | 108.47 | 113.12 | 117.23 |
| Basic Average Shares | 103.55 | 108.47 | 111.73 | 114.61 |
| Diluted NI Availto Com Stockholders | 289.69 | 38.94 | 51.33 | 135.68 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 289.69 | 38.94 | 51.33 | 135.68 |
| Net Income Continuous Operations | 289.69 | 38.94 | 51.33 | 135.68 |
| Gain On Sale Of Security | 0 | 0 | 0.10 | 0 |
| Depreciation Amortization Depletion Income Statement | 43.83 | 47.20 | 58.83 | 62.89 |
| Depreciation And Amortization In Income Statement | 43.83 | 47.20 | 58.83 | 62.89 |
| Selling And Marketing Expense | 197.75 | 93.84 | 100.40 | 149.21 |
| General And Administrative Expense | 339.40 | 261.95 | 232.16 | 241.85 |
| Salaries And Wages | 339.40 | 261.95 | 232.16 | 241.85 |
| Operating Revenue | 1,187.22 | 864.62 | 787.01 | 998.85 |
| Occupancy And Equipment | 71.17 | 71.02 | 66.99 | 76.85 |
| Professional Expense And Contract Services Expense | 50.52 | 35.17 | 32.05 | 42.34 |
| Other Non Interest Expense | 64.19 | 57.26 | 53.25 | 57.45 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LendingClub Corporationthis co. | LC | $1.9B | 11.03↓ discount | 1.27 | 9.0% | 3.75 |
| Patria Investments Limited | PAX | $2.0B | 18.34 | 3.19 | 14.6% | 12.28 |
| Perella Weinberg Partners | PWP | $2.0B | 45.57 | -11.23 | 13.6% | - |
| Columbia Financial, Inc. | CLBK | $2.0B | 34.62 | 1.69 | 4.5% | - |
| Encore Capital Group, Inc. | ECPG |
| $1.9B |
| 6.98 |
| 1.84 |
| 26.3% |
| 8.73 |
| Stellar Bancorp, Inc. | STEL | $1.9B | 18.45 | 1.14 | 6.2% | - |
| First Commonwealth Financial Corporation | FCF | $1.9B | 12.50 | 1.22 | 9.8% | - |
| Federal Agricultural Mortgage Corporation | AGM | $1.9B | 10.38 | 1.55 | 12.1% | - |
| EZCORP, Inc. | EZPW | $1.8B | 17.93 | 1.92 | 10.7% | 11.17 |
| Peer Median | - | 18.14 | 1.62 | 11.4% | 11.17 | |