LendingClub Corp (N:LC)

Business Focus: Consumer Lending

Sector:  Financials Industry:  Consumer Lending
See Regulatory Filings on SEC
Company Contact
Address: 595 Market St Ste 200
Tel: N/A
Website: https://www.lendingclub.com
IR: See website
Key People
John C. Morris
Independent Chairman of the Board
Steven Allocca
Scott C. Sanborn
Chief Executive Officer, Director
Thomas W. Casey
Chief Financial Officer
Bahman Koohestani
Chief Technology Officer
Timothy Paul Bogan
Chief Risk Officer
Ronnie Momen
Chief Lending Officer
Business Overview
LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles.
Financial Overview
For the six months ended 30 June 2019, LendingClub Corp revenues decreased 6% to $507.5M. Net loss decreased 67% to $30.6M. Revenues reflect Interest & Fees on Loans decrease of 38% to $125.7M, Fair value adjustments - loans, loans he decrease of 28% to -$70.7M, Loans and loans held for sale decrease of 4% to $57M. Lower net loss reflects Goodwill impairment decrease from $35.6M (expense) to $0K.
Employees: 1,768 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,166M as of Jun 30, 2019
Annual revenue (TTM): $1,048M as of Jun 30, 2019
EBITDA (TTM): $3.23M as of Jun 30, 2019
Net annual income (TTM): -$66.86M as of Jun 30, 2019
Free cash flow (TTM): -$347.67M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 87,169,359 as of Jul 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization