LendingClub (LC) Tops Q1 EPS by 33c

LendingClub (NYSE: LC) reported Q1 EPS of ($0.49), $0.33 better than the analyst estimate of ($0.82). Revenue for the quarter came in at $105.8 million versus the consensus estimate of $89.03 million.

"We had a great start to the year, accelerating personal loan origination growth by leveraging our strategic advantages including our customer base of 3 million members, our data and technology capabilities, and our newly acquired digital bank," said Scott Sanborn, CEO of LendingClub. "Personal loans are paving the road to our broader ambitions as our vertically integrated model delivers a new and recurring revenue stream, lowers our issuance costs and generates strong and sustained growth."

For earnings history and earnings-related data on LendingClub (LC) click here.

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