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Dec 31, 2021
LendingClub Q4 2021 Earnings Report
LendingClub's Q4 2021 results were reported, showing record revenue and net income exceeding guidance and driving full year profitability.
Key Takeaways
LendingClub reported a transformative year, delivering fintech growth with bank advantages. Q4 revenue reached $262.2 million, with net income at $29.1 million, driven by net interest income and marketplace revenue. The company anticipates over $100 million in incremental earnings in 2022.
Revenue of $262.2 million, with 7% sequential growth.
Net interest income grew 27% sequentially to $83.1 million.
Net income of $29.1 million, up 7% sequentially, with diluted earnings per share of $0.27.
Deposits grew 10% sequentially to $3.1 billion.
Forward Guidance
For Q1 2022, LendingClub expects total revenue between $255M and $265M, and consolidated net income between $25M and $30M. For the full year 2022, the company anticipates total revenue between $1.1B and $1.2B, and consolidated net income between $130M and $150M.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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