By Helgi Library - 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...
By Helgi Library - 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...
By Helgi Library - 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...
| 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 |
| 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 | |
| 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:
| 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:
By Helgi Library - 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 period of last year and 9.4% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, fe...
By Helgi Library - 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...
By Helgi Library - 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 previous quarter. Historically, the bank’s net interest margin reached an all time high of 6.08% in 4Q2010 and an all time low of ...
By Helgi Library - 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...
By Helgi Library - 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 previous quarter. Historically, the bank’s net interest margin reached an all time high of 6.08% in 4Q2010 and an all time low of ...
By Helgi Library - 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...
By Helgi Library - 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...
By Helgi Library - 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. ...
By Helgi Library - 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. ...
By Helgi Library - 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 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 % 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.
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.
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