LendingClub Q4 revenue up 17% to $217M, originations up 13% to $1.85B

LendingClub Corp

2024-FY EPS reported $0.45

Net income of $9.7M vs $10.2M YoY; diluted EPS $0.08 vs $0.09; includes $3.2M Tally impairment.
Pre-provision net revenue rose 34% to $74.3M; net charge-off ratio improved to 4.5% from 6.6%.
Executed $400M loan sale out of held-for-sale portfolio to a new bank buyer.
Total assets $10.6B (+20% YoY); deposits $9.1B (+24%); LevelUp Savings reached $1.2B.
Book value $11.83 per share; tangible book value $11.09; consolidated Tier 1 leverage ratio 11.0%.

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