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LendingClub Reports First Quarter 2021 Results

LendingClub Reports First Quarter 2021 Results
Sequential Revenue Growth of 40% Exceeds High End of Guidance Raising Full Year Outlook
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SAN FRANCISCO, April 28, 2021 /PRNewswire/
LendingClub Corporation (NYSE: LC), America s leading digital marketplace bank, today announced financial results for the first quarter ended March 31, 2021.
We had a great start to the year, accelerating personal loan origination growth by leveraging our strategic advantages including our customer base of 3 million members, our data and technology capabilities, and our newly acquired digital bank, said Scott Sanborn, CEO of LendingClub. Personal loans are paving the road to our broader ambitions as our vertically integrated model delivers a new and recurring revenue stream, lowers our issuance costs and generates strong and sustained growth. ....

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LendingClub Reports Fourth Quarter and Full Year 2020 Results

LendingClub Reports Fourth Quarter and Full Year 2020 Results
Originations Increase 56% Quarter-over-Quarter, Exceeding High End of Guidance Range
Acquisition of Radius Bancorp Creates First Digital Marketplace Bank in the U.S.
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SAN FRANCISCO, March 10, 2021 /PRNewswire/
LendingClub Corporation (NYSE: LC), America s first digital marketplace bank, today announced financial results for the fourth quarter and full year ended December 31, 2020.
I am proud of our accomplishments in 2020, which led us to complete the groundbreaking acquisition of Radius Bank. Combining the award-winning digital bank with LendingClub s leading online marketplace provides us with substantial advantages over both traditional banks and fintech marketplace lenders, said Scott Sanborn, Chief Executive Officer of LendingClub. Adding deposit capabilities builds on our tech and data advantages as it allows us to better serve our more than 3 ....

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