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
LC
Exchange
Website
CEO
Scott Sanborn
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Consumer Loan Underlying Bond (CLUB) Depositor, LLC ...
LC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
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
8-K
Amendments to Articles of Incorporation or Bylaws
7 Jun 22
S-8
Registration of securities for employees
12 May 22
10-Q
2022 Q1
Quarterly report
4 May 22
8-K
LendingClub Reports First Quarter 2022 Results
27 Apr 22
Transcripts
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
LC
Earnings call transcript
2020 Q2
4 Aug 20
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| 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) | 53.05 mm | n/a | n/a | 1.49 mm | n/a | n/a |
| Cash remaining | 966.07 mm | n/a | n/a | 1.02 bn | n/a | n/a |
| Runway (months of cash) | 34.9 | n/a | n/a | 1309.4 | n/a | n/a |
Institutional ownership, Q3 2022
76.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 209 |
| Opened positions | 33 |
| Closed positions | 30 |
| Increased positions | 68 |
| Reduced positions | 67 |
| 13F shares | Current |
|---|---|
| Total value | 892.49 mm |
| Total shares | 80.76 mm |
| Total puts | 1.05 mm |
| Total calls | 845.20 k |
| Total put/call ratio | 1.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 13.11 mm | $144.88 mm |
| Jackson Square Partners | 8.56 mm | $94.63 mm |
| BLK Blackrock | 7.23 mm | $79.88 mm |
| Rubric Capital Management | 4.86 mm | $53.72 mm |
| Citadel Advisors | 2.09 mm | $23.05 mm |
| No Street GP | 2.05 mm | $22.65 mm |
| Foundation Capital | 2.03 mm | $22.39 mm |
| Geode Capital Management | 1.83 mm | $20.17 mm |
| Dimensional Fund Advisors | 1.79 mm | $19.83 mm |
| Nuveen Asset Management | 1.79 mm | $19.82 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Nov 22 | Allan R Landon | Common Stock | Buy | Acquire P | No | No | 9.5 | 5,000 | 47.50 k | 48,340 |
| 4 Nov 22 | Andrew LaBenne | Common Stock | Buy | Acquire P | No | No | 9.519 | 12,300 | 117.08 k | 15,000 |
| 3 Nov 22 | Allan R Landon | Common Stock | Buy | Acquire P | No | No | 9.6552 | 15,000 | 144.83 k | 43,340 |
| 2 Nov 22 | Allan R Landon | Common Stock | Buy | Acquire P | No | No | 10.0099 | 5,000 | 50.05 k | 28,340 |
| 30 Sep 22 | Scott Sanborn | Common Stock | Payment of exercise | Dispose F | No | No | 11.05 | 21,499 | 237.56 k | 1,052,539 |
| 30 Sep 22 | Scott Sanborn | Common Stock | Option exercise | Acquire M | No | No | 3.475 | 40,166 | 139.58 k | 1,074,038 |
| 30 Sep 22 | Scott Sanborn | Stock Option Common Stock | Option exercise | Dispose M | No | No | 3.475 | 40,166 | 139.58 k | 0 |
News
Maxim Group Maintains Buy on LendingClub, Lowers Price Target to $20
31 Oct 22
Stocks That Hit 52-Week Lows On Friday
28 Oct 22
Why Meta Platforms Shares Dipped Around 25%; Here Are 77 Biggest Movers From Yesterday
28 Oct 22
Stocks That Hit 52-Week Lows On Thursday
27 Oct 22
Why UserTesting Shares Are Trading Higher By Around 93%? Here Are 53 Stocks Moving In Thursday's Mid-Day Session
27 Oct 22
Press releases
15 Million Consumers Who Shopped for Holiday Gifts in 2021 Don't Plan to This Year
16 Nov 22
LendingClub to Participate in Citi's 2022 FinTech Conference on November 15
14 Nov 22
Debt Financing Market Poised To Grow By $16.17 Billion During 2022-2026
3 Nov 22
The Salt Lake Tribune Ranks LendingClub in Top 10 on Utah Top Workplaces 2022 Award List
31 Oct 22
LendingClub Reports Third Quarter 2022 Results
26 Oct 22