NYSE$LC
LendingClub Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported tenth consecutive quarter of GAAP profitability, leveraged structured certificates program to drive marketplace issuance, and aligned expense base to current market conditions.
LendingClub Corporation announced its Q3 2023 financial results, highlighting its tenth consecutive quarter of GAAP profitability. The company focused on leveraging its structured certificates program to boost marketplace issuance and implemented cost-saving measures to adapt to the current market environment.
- Total assets reached $8.5 billion, reflecting growth in securities related to the structured certificate program.
- Deposits totaled $7.0 billion, driven by an increase in customer certificates of deposit.
- Loan originations amounted to $1.5 billion due to reduced purchases by bank loan investors.
- Net income was $5.0 million, with a diluted EPS of $0.05.
Headline financials
Revenue & EPS history
LendingClub · Revenue · Quarterly
$201M
Revenue by segment
LendingClub · $60.9M total across 1 segment · Q3 2023
- Marketplace revenue$60.9M—100.0%
Forward guidance
LendingClub provided financial outlook for Q4 2023.
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 2023
+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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