LendingClub (LC)

Company Profile

LendingClub Corporation is the parent company of LendingClub Bank, National Association, Member FDIC. It is the first digital marketplace bank in the US. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. Since 2007, more than 3 million members have joined the Club to help reach their financial goals.

Company profile

Ticker

Exchange

NYSE

Website

www.lendingclub.com

CEO

Scott Sanborn

Incorporated

Delaware

Location

California

Fiscal year end

Dec 31

Sector

Finance and Insurance > Credit Card Issuing

Industry (SIC)

Personal Credit Institutions

SLM • Toyota Motor Credit • Discover Financial Services • Santander Consumer USA • Nelnet • Credit Acceptance • Affirm • Mr. Amazing Loans • OneMain • World Acceptance ...

SEC CIK

0001409970

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Consumer Loan Underlying Bond (CLUB) Depositor, LLC ...

LC stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

LendingClub Reports Fourth Quarter and Full Year 2022 Results

LendingClub Announces Plan to Streamline Operations

12 Jan 23

8-K

LendingClub Acquires $1 Billion Personal Loan Portfolio

1 Nov 22

LendingClub Reports Third Quarter 2022 Results

26 Oct 22

8-K

LendingClub Announces Two New Board Directors

1 Aug 22

LendingClub Reports Second Quarter 2022 Results

27 Jul 22

8-K

LendingClub Names Drew LaBenne as New Chief Financial Officer

27 Jul 22

Transcripts

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Earnings call transcript

2022 Q4

25 Jan 23

Earnings call transcript

2022 Q3

26 Oct 22

Earnings call transcript

2022 Q2

28 Jul 22

Earnings call transcript

2022 Q1

28 Apr 22

Earnings call transcript

2021 Q4

27 Jan 22

Earnings call transcript

2021 Q3

28 Oct 21

Earnings call transcript

2021 Q2

29 Jul 21

Earnings call transcript

2021 Q1

29 Apr 21

Earnings call transcript

2020 Q4

11 Mar 21

Earnings call transcript

2020 Q3

4 Nov 20

Latest ownership filings

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Financial summary

Financial statements Chart LC financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.02 bn	1.02 bn	1.02 bn	1.02 bn	1.02 bn	1.02 bn
Cash burn (monthly)	27.70 mm	(no burn)	(no burn)	777.17 k	(no burn)	(no burn)
Cash used (since last report)	114.63 mm	n/a	n/a	3.22 mm	n/a	n/a
Cash remaining	904.50 mm	n/a	n/a	1.02 bn	n/a	n/a
Runway (months of cash)	32.7	n/a	n/a	1307.2	n/a	n/a

Beta Read what these cash burn values mean

Financial data from LendingClub earnings reports.

Institutional ownership, Q3 2022

LC institutional ownership history Ownership history

78.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	210	206	+1.9%
Opened positions	33	29	+13.8%
Closed positions	29	40	-27.5%
Increased positions	69	70	-1.4%
Reduced positions	67	59	+13.6%

13F shares	Current	Prev Q	Change
Total value	916.35 mm	990.26 mm	-7.5%
Total shares	82.92 mm	84.63 mm	-2.0%
Total puts	1.05 mm	1.24 mm	-14.8%
Total calls	845.20 k	907.50 k	-6.9%
Total put/call ratio	1.2	1.4	-8.5%

Largest owners	Shares	Value	Change
Vanguard	13.11 mm	$144.88 mm	+11.8%
Jackson Square Partners	8.56 mm	$94.63 mm	-2.0%
BLK Blackrock	7.23 mm	$79.88 mm	-1.1%
Rubric Capital Management	4.86 mm	$53.72 mm	+34.4%
Harspring Capital Management	2.16 mm	$23.87 mm	+17.7%
Citadel Advisors	2.09 mm	$23.05 mm	-6.2%
No Street GP	2.05 mm	$22.65 mm	-21.2%
Foundation Capital	2.03 mm	$22.39 mm	0.0%
Geode Capital Management	1.83 mm	$20.17 mm	+3.0%
Dimensional Fund Advisors	1.79 mm	$19.83 mm	+83.2%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-2.29 mm	EXIT
Vanguard	13.11 mm	+1.38 mm	+11.8%
Rubric Capital Management	4.86 mm	+1.24 mm	+34.4%
Bayview Asset Management	0.00	-1.24 mm	EXIT
BMO Bank of Montreal	0.00	-977.66 k	EXIT
CMTDF Sumitomo Mitsui Trust	22.98 k	-902.41 k	-97.5%
Nikko Asset Management Americas	0.00	-893.69 k	EXIT
Dimensional Fund Advisors	1.79 mm	+815.17 k	+83.2%
FHI Federated Hermes	1.11 mm	+787.57 k	+245.2%
MNGPF Man	761.47 k	+761.47 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Dec 22	Morris John C.	Common Stock	Payment of exercise	Dispose F	No	No	3.475	52,906	183.85 k	162,102
23 Dec 22	Morris John C.	Common Stock	Option exercise	Acquire M	No	No	3.475	132,000	458.70 k	215,008
23 Dec 22	Morris John C.	Stock Option Common Stock	Option exercise	Dispose M	No	No	3.475	132,000	458.70 k	0
28 Nov 22	Annie Armstrong	Common Stock	Sell	Dispose S	No	No	10.0802	38,322	386.29 k	165,435
28 Nov 22	Valerie Kay	Common Stock	Sell	Dispose S	No	No	10.0845	22,392	225.81 k	172,497
28 Nov 22	Fergal Stack	Common Stock	Sell	Dispose S	No	No	10.0897	6,240	62.96 k	145,329
25 Nov 22	Annie Armstrong	Common Stock	Option exercise	Acquire M	No	No	0	4,279	0.00	203,757
25 Nov 22	Annie Armstrong	Common Stock	Option exercise	Acquire M	No	No	0	5,487	0.00	199,478
25 Nov 22	Annie Armstrong	Common Stock	Option exercise	Acquire M	No	No	0	36,058	0.00	193,991
25 Nov 22	Annie Armstrong	Common Stock	Option exercise	Acquire M	No	No	0	23,777	0.00	157,933