NYSE$LC
LendingClub Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
LendingClub's Q4 2020 results were announced, marked by increased loan originations and a reduced net loss.
LendingClub reported a net loss of $26.7 million for Q4 2020, an improvement from the previous quarter. Loan originations increased by 56% quarter-over-quarter, exceeding guidance, and the acquisition of Radius Bancorp was completed.
- GAAP Consolidated Net Loss improved to $(26.7) million from the third quarter of 2020.
- Origination volume increased by 56% quarter-over-quarter to $912 million, exceeding the high end of guidance.
- Net Revenue was $75.9 million, down 60% compared to the same quarter last year and improving 2% sequentially.
- Cash and cash equivalents totaled $525.0 million as of December 31, 2020.
Headline financials
Revenue & EPS history
LendingClub · Revenue · Quarterly
$75.9M
Revenue by segment
LendingClub · $60.9M total across 1 segment · Q3 2023
- Marketplace revenue$60.9M—100.0%
Forward guidance
LendingClub provided earnings guidance for Q1 2021 and Full Year 2021.
Tailwinds
- Loan Originations: $1.2B to $1.3B (+45% YoY)
- Net Revenue: $87M to $95M (+55% YoY)
- Loan volumes and revenue reflecting continued growth
Headwinds
- GAAP Consolidated Net Loss (Q1 2021): ($75M) to ($85M)
- GAAP Consolidated Net Loss (FY 2021): ($175M) to ($200M)
- Impacted by deferral of origination fees for loans held for investment due to accounting conventions
- Impacted primarily by timing of earnings recognition due to growth in consumer loans held for investment (deferral of origination fees and current expected credit loss (CECL) provisions), as well as one-time acquisition costs
- Impacted primarily by timing of earnings recognition due to growth in consumer loans held for investment (deferral of origination fees and current expected credit loss (CECL) provisions), as well as one-time acquisition costs
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 Q4 2020
+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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