On Deck Capital (ONDK) Misses Q4 EPS by 27c, Offers Guidance
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OnDeck Reports Fourth Quarter and Full Year 2016 Financial Results
February 16, 2017 7:01 AM ESTNEW YORK, Feb. 16, 2017 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced fourth quarter and full year 2016 financial results highlighted by continued execution of the company's long-term plan, leading to record levels of Loans Under Management, Originations and gross revenue. For the fourth quarter of 2016, OnDeck increased Loans Under Management by 35% year-over-year to $1.2 billion, Originations by 13% to $632 million, and gross revenue by 21% to $81.8 million. For the full year of 2016, OnDeck loaned over $2.4 billion to small businesses in the U.S., Canada and Australia and earned $291.3 million of gross revenue.
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