NYSE$LC
LendingClub Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced record revenue and net income, driven by growth in net interest income and marketplace revenue.
LendingClub Corporation reported record second-quarter results with revenue of $330.1 million, a 61% year-over-year increase. Net income was $182.1 million, including a $135 million income tax benefit, and $46.8 million excluding the income tax benefit. The company's marketplace bank model and focus on prudent underwriting contributed to the strong performance.
- Revenue of $330.1 million grew 61% year-over-year.
- Net interest income increased 153% year-over-year to $116.2 million.
- Net income of $182.1 million increased $172.7 million year-over-year, including an income tax benefit of $132.0 million.
- Net income excluding the income tax benefit was $46.8 million, up 399% year-over-year.
Headline financials
Revenue & EPS history
LendingClub · Revenue · Quarterly
$330M
Revenue by segment
LendingClub · $60.9M total across 1 segment · Q3 2023
- Marketplace revenue$60.9M—100.0%
Forward guidance
The company reaffirmed full year revenue and net income guidance for 2022 (excluding the income tax benefit from release of a deferred tax asset valuation allowance).
Tailwinds
- Total revenue between $280M to $300M for Q3 2022.
- Total revenue between $1.15B to $1.25B for Full Year 2022.
- Net income between $30M to $40M for Q3 2022.
- Net income between $280M to $300M for Full Year 2022.
- Net income excluding income tax benefit between $30M to $40M for Q3 2022.
Headwinds
- Net income excluding income tax benefit between $145M to $165M for Full Year 2022.
- Challenging economic backdrop.
- Increased uncertainty.
- Dynamic environment.
- No specific negative guidance mentioned besides the above macroeconomic factors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.6%
Avg return
Earnings day
+3.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
51%
23 / 45 earnings
Positive
+50.7%
Q2 2021
Best reaction
-42.3%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | -0.7% | -0.9% | |
| Q4 2025 | -16.2% | -17.7% | -23.8% | |
| Q3 2025 | +9.7% | +9.1% | -1.3% | |
| Q1 2025 | -11.3% | -6.4% | -8.9% | |
| Q4 2024 | -14.3% | -23.0% | -24.0% | |
| Q3 2024 | +11.5% | +14.8% | +34.9% | |
| Q2 2024 | +12.4% | -4.4% | +8.9% | |
| Q1 2024 | +15.2% | +18.8% | +13.3% | |
| Q4 2023 | +0.2% | +0.4% | -9.9% | |
| Q3 2023 | -5.8% | -4.7% | +5.5% | |
| Q2 2023 | -20.6% | -17.1% | -32.5% | |
| Q1 2023 | -0.6% | +2.4% | +13.7% | |
| Q4 2022 | -10.4% | +9.1% | +6.5% | |
| Q3 2022 | -10.5% | -9.7% | -10.4% | |
| Q2 2022 | -2.6% | -2.2% | -2.9% | |
| Q1 2022 | +17.9% | +13.4% | +13.0% | |
| Q4 2021 | -26.1% | -12.9% | -12.9% | |
| Q3 2021 | +21.2% | +37.2% | +2.8% | |
| Q2 2021 | +50.7% | +61.9% | +80.3% | |
| Q1 2021 | +6.9% | +0.8% | +2.1% | |
| Q4 2020 | +14.6% | +53.3% | +41.4% | |
| Q3 2020 | +3.7% | +5.0% | +65.1% | |
| Q2 2020 | +5.2% | +7.8% | +5.4% | |
| Q1 2020 | -17.5% | -16.7% | -13.7% | |
| Q4 2019 | -1.4% | -1.1% | -28.2% | |
| Q3 2019 | +7.4% | +7.6% | -7.1% | |
| Q2 2019 | +9.4% | +12.5% | +0.4% | |
| Q1 2019 | +7.7% | +6.3% | -11.9% | |
| Q4 2018 | -5.3% | -12.1% | -15.7% | |
| Q3 2018 | +5.7% | -0.6% | -9.2% | |
| Q2 2018 | -7.1% | -6.8% | -8.1% | |
| Q1 2018 | +24.5% | +21.6% | +28.6% | |
| Q4 2017 | -1.3% | -15.2% | -8.4% | |
| Q3 2017 | -21.5% | -26.5% | -38.6% | |
| Q2 2017 | +23.8% | +11.3% | +17.9% | |
| Q1 2017 | -4.8% | -2.5% | -7.3% | |
| Q4 2016 | -5.8% | -15.7% | -17.8% | |
| Q3 2016 | +12.3% | +19.7% | +14.2% | |
| Q2 2016 | +0.8% | +13.7% | +13.9% | |
| Q1 2016 | -42.3% | — | — | |
| Q4 2015 | +8.1% | — | — | |
| Q3 2015 | +1.3% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | -13.7% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro