NYSE$LC
LendingClub Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported record revenues, reflecting strong execution and business model transformation, with net income up 190% sequentially.
LendingClub Corporation announced strong financial results for Q3 2021, marked by record revenue of $246.2 million and a net income of $27.2 million, up 190% sequentially. The company's transformation into a digital marketplace bank is driving growth, supported by a growing member base and exceptional data science capabilities.
- Record revenue of $246.2 million, a 20% sequential increase, outpacing origination growth of 14%.
- Net interest income grew 42% sequentially to $65.3 million, driven by a 25% growth in the bank’s loan portfolio.
- Marketplace revenue increased 15% sequentially, reflecting higher origination fees.
- Record net income of $27.2 million, up 190% sequentially, highlighting positive operating leverage.
Headline financials
Revenue & EPS history
LendingClub · Revenue · Quarterly
$246M
Revenue by segment
LendingClub · $60.9M total across 1 segment · Q3 2023
- Marketplace revenue$60.9M—100.0%
Forward guidance
LendingClub is raising its full year targets for 2021.
Tailwinds
- Loan originations: $2.8B to $3.0B for Q4 2021, $10.1B to $10.3B for full year 2021 (+$100M to +$300M versus prior guidance)
- Total revenue: $240M to $250M for Q4 2021, $796M to $806M for full year 2021 (+$26M to +$46M versus prior guidance)
- Consolidated net income: $20M to $25M for Q4 2021, $9M to $14M for full year 2021 (+$17M to +$22M versus prior guidance)
- No more positives
- No more positives
Headwinds
- No more negatives
- No more negatives
- No more negatives
- No more negatives
- No more negatives
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 Q3 2021
+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 | — | — | — |
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