LendingClub (LC) Tops Q4 EPS by 1c; Approves $150M Common Stock Buyback

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Lending Club Reports Fourth Quarter and Full Year 2015 Results and Announces $150 Million Share Buyback

February 11, 2016 7:31 AM EST

SAN FRANCISCO, Feb. 11, 2016 /PRNewswire/ -- Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and investors, today reported record results highlighted by all-time highs in originations, operating revenue, contribution margin, adjusted EBITDA and GAAP profitability, while raising its FY2016 outlook. Over the past year, Lending Club has facilitated $8.4 billion in loans to consumers and small businesses and doubled its revenue.

"Our confidence is bolstered again by Lending Club's performance in 2015 and causes us to raise our... More