CapEdge
Loading...
Advanced
What's new? Log in Free sign up
  • Home
  • Sectors & IndustriesSectors
  • Earnings
  • IPOs
  • SPACs
  • Transcripts
  • Insider
  • Institutional
  • Crypto
  • Screeners
  • Reddit
  • Splits
  • LC Dashboard
  • Financials
  • Filings
  • Transcripts
  • ETFs
  • Insider
  • Institutional
  • Shorts
  • News
  • Patents
  • Reddit
  • Community Notes

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.
LendingClub logo

Company profile

Ticker
LC
Exchange
NYSE
Website
www.lendingclub.com
CEO
Scott Sanborn
Employees
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

Latest filings (excl ownership)
View all
8-K
LendingClub Reports Fourth Quarter and Full Year 2022 Results
25 Jan 23
8-K
Other Events
19 Jan 23
8-K
LendingClub Announces Plan to Streamline Operations
12 Jan 23
8-K
LendingClub Acquires $1 Billion Personal Loan Portfolio
2 Dec 22
10-Q
2022 Q3
Quarterly report
1 Nov 22
8-K
LendingClub Reports Third Quarter 2022 Results
26 Oct 22
8-K
LendingClub Announces Two New Board Directors
2 Aug 22
10-Q
2022 Q2
Quarterly report
1 Aug 22
8-K
LendingClub Reports Second Quarter 2022 Results
27 Jul 22
8-K
LendingClub Names Drew LaBenne as New Chief Financial Officer
27 Jul 22
Transcripts
View all
LC
Earnings call transcript
2022 Q4
25 Jan 23
LC
Earnings call transcript
2022 Q3
26 Oct 22
LC
Earnings call transcript
2022 Q2
28 Jul 22
LC
Earnings call transcript
2022 Q1
28 Apr 22
LC
Earnings call transcript
2021 Q4
27 Jan 22
LC
Earnings call transcript
2021 Q3
28 Oct 21
LC
Earnings call transcript
2021 Q2
29 Jul 21
LC
Earnings call transcript
2021 Q1
29 Apr 21
LC
Earnings call transcript
2020 Q4
11 Mar 21
LC
Earnings call transcript
2020 Q3
4 Nov 20
Latest ownership filings
View all
SC 13G/A
BlackRock Inc.
30 Jan 23
4
John C. Morris
28 Dec 22
4
Scott Sanborn
29 Nov 22
4
Ronnie Momen
29 Nov 22
4
Fergal Stack
29 Nov 22
4
BRANDON PACE
29 Nov 22
4
Valerie Kay
29 Nov 22
4
ANNIE ARMSTRONG
29 Nov 22
4
ALLAN R LANDON
9 Nov 22
4
Andrew LaBenne
8 Nov 22

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
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Options Market Pricing In Big Moves From Opendoor Technologies, Upstart Holdings This Week
30 Jan 23
Tech stock investors are bracing for some extreme volatility this week as a number of big names release fourth-quarter earnings in the coming days.
Why Panbela Therapeutics Shares Are Trading Lower By Over 35%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
26 Jan 23
Gainers MicroAlgo Inc. (NASDAQ: MLGO) shares jumped 74% to $2.90. MicroAlgo recently entered into securities purchase agreement for up to $3.2 million.
12 Financials Stocks Moving In Thursday's Intraday Session
26 Jan 23
Benzinga's Top Ratings Upgrades, Downgrades For January 26, 2023
26 Jan 23
Janney Montgomery Scott Downgrades LendingClub to Neutral
26 Jan 23

Press releases

From Benzinga Pro
LendingClub Named a Winner of the 2023 Top Workplaces USA Award and is Included in the 2023 Bloomberg Gender-Equality Index
2 Feb 23
SAN FRANCISCO, Feb. 2, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, has earned the 2023 Top Workplaces USA award and
9.3 Million More U.S. Consumers Ended 2022 Living Paycheck to Paycheck Than in 2021
30 Jan 23
4 in 10 Consumers Expect Their Incomes to Keep Pace with Inflation in 2023 Consumers Likely To Shy Away from Large Purchases Such as Electronics, Appliances and Leisure Travel in 2023 SAN FRANCISCO, Jan. 30, 2023
LendingClub Reports Fourth Quarter and Full Year 2022 Results
25 Jan 23
Delivers Record Full Year Revenue and Earnings Growth Despite Challenging Environment SAN FRANCISCO, Jan. 25, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE:LC), the parent company of LendingClub Bank, America's
New Study Traces Unprecedented Use of Short-Term Payment Relief During the Pandemic to Assist Consumers Struggling with Credit Card Debts
19 Jan 23
LendingClub Bank Wins Multiple Awards in GOBankingRates' "Best Online Banks of 2023" Lists
18 Jan 23
Finsight
Resources
  • Knowledgebase
  • Log In
  • Register
Company
  • About
  • Contact
  • Solutions
Products
  • Deal Roadshow
  • DealVDR
  • Evercall
  • Finsight.com
CapEdge
  • Earnings Calendar
  • Earnings Transcripts
  • EDGAR Filing Screener
  • IPO Calendar
  • Compliance
  • Privacy
  • Security
  • Terms
AngelList LinkedIn