LendingClub Reports Fourth Quarter and Full Year 2020 Results
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LendingClub (LC) Tops Q4 EPS by 1c, Revenues Miss
March 10, 2021 4:08 PM ESTLendingClub (NYSE: LC) reported Q4 EPS of ($0.24), $0.01 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $75.9 million versus the consensus estimate of $77.72 million.
Loan Originations Loan originations in the fourth quarter of 2020 were $912.0 million, down 70% compared to the same quarter last year and improving 56% sequentially.Net Revenue Net Revenue in the fourth quarter of 2020 was $75.9 million, down 60% compared to the same quarter last year and improving 2% sequentially.GAAP Consolidated Net Income (Loss) GAAP Consolidated Net Loss was $(26.7) million for the fourth quarter of 2020, compared to GAAP... More