LendingClub Q1 revenue $289.5M (+174% YoY); net income $40.8M, raises FY 2022 outlook

LendingClub Corp

2023-Q1 EPS reported $0.39

Revenue of $289.5M doubled YoY; net income $40.8M vs. loss of $47.1M in Q1 2021.
Diluted EPS $0.39 vs. loss of $0.49 a year ago; pre-tax pre-provision income $98.3M.
Deposits grew to $4.0B (+27% from Dec 2021); net interest margin expanded to 8.6%.
FY 2022 revenue guidance raised to $1.15B-$1.25B; net income guided $145M-$165M.
CEO Scott Sanborn cited 4M+ members and differentiated marketplace bank model.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.