LendingClub Q4 net income $23.6M; FY22 revenue $1.2B, up 45% YoY

LendingClub Corp

2024-FY EPS reported $2.79

FY2022 total net revenue $1.2B (+45% YoY); net income $289.7M vs $18.6M in 2021.
Q4 net revenue $262.7M (comparable to prior year); net interest income up 63% to $135.2M.
Loan originations Q4 $2.5B (down from $3.1B); acquired $1.05B loan portfolio in Q4.
Book value per share $10.93 (+30% YoY); Tier 1 leverage ratio 14.1%.
Implemented cost reduction plan for 2023; efficiency ratio improved to 69% from 72%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LendingClub Corp reported financial results for the fourth quarter and full year ended December 31, 2022.

Period: the fourth quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On January 25, 2023, LendingClub Corporation (“LendingClub”) issued a press release (the “Earnings Press Release”) regarding its financial results for the fourth quarter and full year ended December 31, 2022.

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LendingClub Corp filing history →

Source: SEC EDGAR

accession 0001409970-23-000009

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