On Deck Capital (NYSE: ONDK) reported Q4 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $87.7 million versus the consensus estimate of $87.44 million. Originations were $546 million, up 3% from the prior quarter.

"2017 was a transformative year for OnDeck, marked by our strategic decision to strengthen our financial profile and accelerate our path to profitability," said Noah Breslow, OnDeck's chief executive officer. "In the fourth quarter, we delivered on this objective, achieving over $5 million of GAAP profit, $41 million better than 2016's fourth quarter results. In addition to this significant profit growth, we grew origination volume, controlled expenses and increased our Effective Interest Yield to its highest levels since 2015. Credit performance continued improving in the fourth quarter while our Provision Rate, 15+ Day Delinquency Ratio and Net Charge-Off Rate all achieved their lowest quarterly levels of 2017."

Breslow added, "Looking ahead to 2018, we expect to drive double digit loan growth due to our strong customer demand, disciplined risk management and focus on scaling responsibly. With improved credit performance and loan yields, our realigned cost structure and a secure funding base, we are well-positioned to build on our success and continue margin expansion."

GUIDANCE:

On Deck Capital sees FY2018 revenue of $370-382 million, versus the consensus of $390.41 million.

On Deck Capital sees FY2018 revenue of $86-90 million, versus the consensus of $91.32 million.

For earnings history and earnings-related data on On Deck Capital (ONDK) click here.