Lending Club

Lending Club's net interest income fell 3,475% yoy to USD -10.3 mil in 2Q2019

By Helgi Analytics - October 19, 2019

Lending Club generated total banking revenues of USD 191 mil in the second quarter of 2019, up 7.81% when compared to the same pe...

Lending Club's net profit rose 82.5% yoy to USD -10.7 mil in 2Q2019

By Helgi Analytics - October 19, 2019

Lending Club made a net profit of USD -10.7 mil under revenues of USD 191 mil in the second quarter of 2019, up 82.5% and 7.8...

Lending Club's net interest margin fell 4,373% yoy to -1.27% in 2Q2019

By Helgi Analytics - October 19, 2019

Lending Club's net interest margin amounted to -1.27% in the second quarter of 2019, down from -1.10% when compared to the previ...

Profit Statement 2016 2017 2018
Net Interest Income USD mil 5.35 9.02 1.17
Net Fee Income USD mil 79.6 87.1 115
Other Income USD mil 416 478 579
Total Revenues USD mil 501 575 695
Operating Profit USD mil -112 -29.6 -16.1
Provisions USD mil 0 0 0
Net Profit USD mil -146 -154 -128
Balance Sheet 2016 2017 2018
Interbank Loans USD mil 287 118 170
Customer Loans USD mil 4,312 3,294 1,886
Debt Securities USD mil 40.3 33.8 22.3
Total Assets USD mil 5,563 4,641 3,820
Shareholders' Equity USD mil 976 928 871
Interbank Borrowing USD mil 0 0 459
Customer Deposits USD mil 0 0 0
Issued Debt Securities USD mil 0 0 0
Ratios 2016 2017 2018
ROE % -14.5 -16.2 -14.3
ROA % -2.57 -3.02 -3.03
Costs (As % Of Assets) % 10.8 11.8 16.8
Costs (As % Of Income) % 122 105 102
Net Interest Margin % 0.094 0.177 0.028
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 2,089 1,724 1,130
Share Price (End Of Period) USD 26.9 21.1 13.4
Price/Book Value (P/BV) 2.14 1.86 1.30
Earnings Per Share (EPS) USD -1.88 -1.88 -1.52
Book Value Per Share USD 12.6 11.3 10.3

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                      
Net Interest Income USD mil         0.630 0.060 -2.16 3.23 5.35    
Total Revenues USD mil         16.2 98.0 211 430 501    
Operating Profit USD mil         -11.6 7.31 -28.4 0.205 -112    
Net Profit USD mil         -11.9 7.31 -32.9 -5.00 -146    
balance sheet                      
Interbank Loans USD mil ... ... ... ... ... ... ... 297 287    
Customer Loans USD mil         363 1,829 2,799 4,556 4,312    
Debt Securities USD mil         2.45 16.0 24.3 38.1 40.3    
Total Assets USD mil         403 1,943 3,890 5,794 5,563    
Shareholders' Equity USD mil         36.3 68.1 973 1,042 976    
Interbank Borrowing USD mil         0 0 0 0 0    
Customer Deposits USD mil         0 0 0 0 0    
Issued Debt Securities USD mil         0.364 0 0 0 0    
ratios                      
ROE %         -46.1 14.0 -6.32 -0.496 -14.5    
ROA %         -4.17 0.623 -1.13 -0.103 -2.57    
Costs (As % Of Assets) %         9.68 7.73 8.22 8.88 10.8    
Costs (As % Of Income) %         172 92.5 113 100.0 122    
Net Interest Margin %         0.220 0.005 -0.074 0.067 0.094    
Interest Income (As % Of Revenues) %         3.90 0.061 -1.02 0.752 1.07    
Fee Income (As % Of Revenues) %         7.56 7.18 8.28 10.2 15.9    
Equity (As % Of Assets) %         9.01 3.50 25.0 18.0 17.5    
Loans (As % Assets) %         89.9 94.1 71.9 78.6 77.5    
valuation                      
Market Capitalisation (End Of Period) USD mil ... ... ... ... ... ... 9,398 4,196 2,089    
Number Of Shares (Average) mil         7.03 16.3 15.1 75.0 77.6    
Share Price (End Of Period) USD ... ... ... ... ... ... 622 56.0 26.9    
Earnings Per Share (EPS) USD         -1.70 0.449 -2.18 -0.067 -1.88    
Book Value Per Share USD         5.17 4.18 64.4 13.9 12.6    
Price/Book Value (P/BV) ... ... ... ... ... ... 9.66 4.03 2.14    
Earnings Per Share Growth % ...       3.06 -126 -585 -96.9 2,725    
Book Value Per Share Growth % ...       128 -19.2 1,440 -78.4 -9.46    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                      
Interest Income USD mil         32.7 188 354 553 694    
Interest Cost USD mil         32.0 187 357 550 688    
Net Interest Income USD mil         0.630 0.060 -2.16 3.23 5.35    
Net Fee Income USD mil         1.22 7.03 17.5 43.8 79.6    
Other Income USD mil         14.3 90.9 196 383 416    
Total Revenues USD mil         16.2 98.0 211 430 501    
Operating Cost USD mil         27.7 90.7 240 430 613    
Operating Profit USD mil         -11.6 7.31 -28.4 0.205 -112    
Provisions USD mil         0.368 0 0 0 0    
Extra and Other Cost USD mil         < -0.001 < -0.001 3.11 2.37 38.2    
Pre-Tax Profit USD mil         -11.9 7.31 -31.5 -2.16 -150    
Tax USD mil         0 0 1.39 2.83 -4.23    
Minorities USD mil         0 0 0 0 0    
Net Profit USD mil         -11.9 7.31 -32.9 -5.00 -146    
growth rates                      
Net Interest Income Growth % ...       2,079 -90.5 -3,703 -249 65.4    
Net Fee Income Growth % ... ... ... ... 111 476 149 150 81.9    
Total Revenue Growth % ...       135 506 116 104 16.5    
Operating Cost Growth % ...       56.2 227 164 79.3 42.6    
Operating Profit Growth % ...       6.50 -163 -488 -101 -54,721    
Pre-Tax Profit Growth % ...       5.70 -161 -531 -93.1 6,847    
Net Profit Growth % ...       5.70 -161 -550 -84.8 2,822    
market share                      
Market Share in Revenues %         0.002 0.014 0.031 0.062 0.069   ...
Market Share in Net Profit % ... ... ... ... ... 0.005 ... ... ... ... ...
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                      
Cash USD mil         31.2 49.3 870 624 516    
Interbank Loans USD mil ... ... ... ... ... ... ... 297 287    
Customer Loans USD mil         363 1,829 2,799 4,556 4,312    
Debt Securities USD mil         2.45 16.0 24.3 38.1 40.3    
Fixed Assets USD mil         0.525 12.6 136 160 151    
Total Assets USD mil         403 1,943 3,890 5,794 5,563    
Shareholders' Equity USD mil         36.3 68.1 973 1,042 976    
Of Which Minority Interest USD mil         0 0 0 0 0    
Liabilities USD mil         367 1,875 2,917 4,752 4,587    
Interbank Borrowing USD mil         0 0 0 0 0    
Customer Deposits USD mil         0 0 0 0 0    
Issued Debt Securities USD mil         0.364 0 0 0 0    
Other Liabilities USD mil         367 1,875 2,917 4,752 4,587    
asset quality                      
Gross Loans USD mil         363 1,829 2,799 4,556 4,312    
Total Provisions USD mil   ... ... ... ... ... ... ... ... ... ...
growth rates                      
Customer Loan Growth % ...       134 404 53.0 62.8 -5.36    
Total Asset Growth % ...       137 382 100 48.9 -3.99    
Shareholders' Equity Growth % ...       134 87.4 1,329 7.05 -6.34    
market share                      
Market Share in Customer Loans %         0.005 0.024 0.034 0.052 0.046    
Market Share in Total Assets %         0.003 0.013 0.025 0.036 0.033    
Market Share in Customer Deposits %         0 0 0 0 0    
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                      
ROE %         -46.1 14.0 -6.32 -0.496 -14.5    
ROA %         -4.17 0.623 -1.13 -0.103 -2.57    
Costs (As % Of Assets) %         9.68 7.73 8.22 8.88 10.8    
Costs (As % Of Income) %         172 92.5 113 100.0 122    
Net Interest Margin %         0.220 0.005 -0.074 0.067 0.094    
Interest Spread % ...       -0.892 -0.739 -2.73 -2.92 -2.53    
Asset Yield %         11.4 16.0 12.2 11.4 12.2    
Cost Of Liabilities % ...       12.3 16.7 14.9 14.3 14.7    
Interest Income (As % Of Revenues) %         3.90 0.061 -1.02 0.752 1.07    
Fee Income (As % Of Revenues) %         7.56 7.18 8.28 10.2 15.9    
Other Income (As % Of Revenues) %         88.5 92.8 92.7 89.1 83.0    
Equity (As % Of Assets) %         9.01 3.50 25.0 18.0 17.5    
Loans (As % Assets) %         89.9 94.1 71.9 78.6 77.5    
Provisions (As % Of Loans) %   ... ... ... ... ... ... ... ... ... ...
Cost of Provisions (As % Of Loans) %         0.142 0 0 0 0    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                      
Employees ... ... ... ... ... ... ... 1,382 1,530    
On-balance Sheet Loans USD mil ... ... ... ... ... 1,829 2,799 4,556 4,312    

Get all company financials in excel:

Download Sample   $19.99

Lending Club's market capitalisation (end of period) rose 7.10% to USD 1,429 mil in 2Q2019

By Helgi Analytics - October 23, 2019

Lending Club stock traded at JPY 1,645 per share at the end of second quarter of 2019 implying a market capitalization of USD 3,477 mil. Over the last five years, the stock has depreciated by 36.4 implying an annual average growth of -8.65% In absolute te...

Lending Club's equity (as % of assets) rose 28.8% yoy to 28.5% in 2Q2019

By Helgi Analytics - October 19, 2019

Lending Club's Equity reached 12.4% of total assets in the 2Q2019, up from 10.8% for the previous year. As a share of net customer loans, the ratio amounted to 32.3% at the end of the second quarter of 2019. ...

Lending Club's net profit rose 16.6% to USD -128 mil in 2018

By Helgi Analytics - October 19, 2019

Lending Club made a net profit of USD -128 mil under revenues of USD 695 mil in 2018, up 16.6% and 20.9% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of USD 7.31 mil in 2013 and an all time low of USD -154 m...

Lending Club's customer loans fell 42.7% to USD 1,886 mil in 2018

By Helgi Analytics - October 19, 2019

Lending Club's customer loans reached USD 1,886 mil in 2018, down 42.7% compared to the previous year. American banking sector provided customer loans of USD 10,135 bil in 2018, up 2.82% when compared to the last year. Lending Club accounted for 0.019% of...

Lending Club's customer deposits remain unchanged at USD 0 mil in 2018

By Helgi Analytics - October 19, 2019

Lending Club's customer deposits reached USD 0 mil in 2018, down 0% compared to the previous year. American banking sector accepted customer deposits of USD 13,400 bil in 2018, up 1.96% when compared to the last year. Lending Club accounted for 0% of all ...

Lending Club's net interest margin fell 84.4% to 0.028% in 2018

By Helgi Analytics - October 19, 2019

Lending Club's net interest margin amounted to 0.028% in 2018, down from 0.177% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.35% in 2010 and an all time low of -0.837% in 2009. The average mar...

Lending Club's net interest income fell 87.0% to USD 1.17 mil in 2018

By Helgi Analytics - October 19, 2019

Lending Club generated total banking revenues of USD 695 mil in 2018, up 20.9% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of USD 695 mil in 2018 and an all ...

Lending Club's total revenues rose 7.81% yoy to USD 185 mil in 2Q2019

By Helgi Analytics - October 19, 2019

Lending Club generated total banking revenues of USD 185 mil in 2018-09-30, up 4.33% compared to the previous year. American banking sector banking sector generated total revenues of USD 207,466 mil in 2018-09-30, up 0.839% when compared to the last y...

Lending Club's customer deposits remain unchanged yoy at USD 0 mil in 2Q2019

By Helgi Analytics - October 19, 2019

Lending Club's customer deposits reached USD 0 mil in 2018-09-30, down 0% compared to the previous year. American banking sector accepted customer deposits of USD 13,370 bil in 2018-09-30, up 0.620% when compared to the last year. Lending Club accounted f...

Lending Club's customer loans fell 35.9% yoy to USD 2,146 mil in 2Q2019

By Helgi Analytics - October 19, 2019

Lending Club's customer loans reached USD 2,146 mil in 2018-09-30, down 9.38% compared to the previous year. American banking sector provided customer loans of USD 10,130 bil in 2018-09-30, up 0.948% when compared to the last year. Lending Club accounted ...

More News

Finance

Lending Club has been growing its revenues and asset by 17.4% and -13.0% a year on average in the last 3 years. Its loans and deposits have grown by -25.5% and 0% a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of -15.0% in the last three years with net profit growing 195% a year on average. In terms of operating efficiency, its cost to income ratio reached 102% in 2018, compared to 110% average in the last three years.

Equity represented 22.8% of total assets or 46.2% of loans at the end of 2018. Lending Club's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.

Valuation

Lending Club stock traded at USD 13.4 per share at the end of 2018 resulting in a market capitalization of USD 1,130 mil. Over the previous three years, stock price fell by 76.09999999999999% or 38% a year on average. That’s compared to an average ROE of -15.0% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 1.30x in 2018.

More Companies in American Consumer Finance Sector