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California BanCorp Reports Financial Results for the First

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2021
April 30, 2021 08:00 ET
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California BanCorp
California BanCorp
Oakland, California, UNITED STATES
OAKLAND, Calif., April 30, 2021 (GLOBE NEWSWIRE) California BanCorp (NASDAQ: CALB), whose subsidiary is California Bank of Commerce, announced today its financial results for the first quarter ended March 31, 2021.
The Company reported net income of $2.8 million for the first quarter of 2021, representing an increase of $1.0 million, or 57%, compared to $1.8 million for the fourth quarter of 2020 and an increase of $2.3 million, or 494%, compared to $473,000 in the first quarter of 2020.
Diluted per share earnings of $0.34 for the first quarter of 2021 compared to $0.22 for the fourth quarter of 2020 and $0.06 for the first quarter of 2020. ....

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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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Merchants Bancorp Reports First Quarter 2021 Results

Merchants Bancorp Reports First Quarter 2021 Results
- First quarter 2021 net income of $62.0 million increased 152% compared to the first quarter of 2020 and increased 4% compared to the fourth quarter of 2020
- First quarter 2021 diluted earnings per common share of $2.02 increased 177% compared to the first quarter of 2020 and increased 4% compared to the fourth quarter of 2020
- Total assets of $9.7 billion increased $1.8 billion, or 23%, compared to March 31, 2020, driven by a 63% increase in loans receivable, and increased 1% compared to the fourth quarter of 2020
- Return on average assets was 2.49% in the first quarter of 2021 compared to 1.49% in the first quarter of 2020 and 2.57% in the fourth quarter of 2020 ....

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Merchants Bancorp Reports First Quarter 2021 Results

Merchants Bancorp Reports First Quarter 2021 Results
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