BTIG Remains Neutral on On Deck Capital (ONDK); Says Certain Q3 Metrics Alleviate Some Fears

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Go back to BTIG Remains Neutral on On Deck Capital (ONDK); Says Certain Q3 Metrics Alleviate Some Fears

OnDeck Reports Third Quarter 2016 Financial Results

November 3, 2016 7:00 AM EDT

NEW YORK, Nov. 3, 2016 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced third quarter 2016 financial results highlighted by continued execution of the company's long-term plan, which has led to record levels of Loans Under Management, Originations and gross revenue.  For the three months ended September 30, 2016, OnDeck increased Loans Under Management by 44% year-over-year to $1.1 billion, Originations by 27% to $613 million, and gross revenue by 15% to $77.4 million.

"OnDeck continued to execute on our plan to scale... More