LendingClub Schedules First Quarter 2023 Earnings Release and Conference Call

Rhea-AI Summary

LendingClub Corporation (NYSE: LC) has announced its first-quarter 2023 earnings report, which will be released after market close on April 26, 2023. A conference call is scheduled for 2:00 p.m. Pacific Time that day to discuss the results. Analysts can submit questions via email until 12:00 p.m. Pacific Time on April 25, 2023. The earnings release will be accessible through a live webcast on the company's investor relations site. Since its inception in 2007, LendingClub has served over 4.5 million members, utilizing machine-learning models to provide credit access and achieve attractive risk-adjusted returns for investors. Further details on the company's financial performance and strategic direction will be revealed during the earnings call.

Positive

• Scheduled earnings call for Q1 2023 indicates ongoing operations.
• Over 4.5 million members demonstrate strong market presence.
• Utilization of advanced machine-learning models enhances credit access.

Negative

• None.

News Market Reaction – LC

+0.60%

1 alert

+0.60% News Effect

On the day this news was published, LC gained 0.60%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SAN FRANCISCO, April 5, 2023 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the first quarter 2023 after the market closes on Wednesday, April 26, 2023. LendingClub will host a conference call to discuss the first quarter 2023 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

Submission of Conference Call Questions

In addition to questions asked live by analysts during the call, the company will also accept for consideration questions submitted via email prior to 12:00 p.m. Pacific Time (3:00 p.m. Eastern Time) on Tuesday, April 25, 2023. Please email questions to ir@lendingclub.com. 

Webcast Information

A live webcast of the call will be available at http://ir.lendingclub.com under the Filings & Financials menu in Quarterly Results. To access the call please dial + 1 (404) 975-4839 or outside the U.S. +1 (929) 526-599 with Access Code 900462 ten minutes prior to 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time).

Replay

An audio archive of the call will be available at http://ir.lendingclub.com. An audio replay will also be available 1 hour after the end of the call until May 3, 2023 by calling +1 (929) 458-6194 or outside the U.S. +44 (204) 525-0658 with Access Code 850910.

About LendingClub

LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S., where members can access a broad range of financial products and services designed to help them pay less when borrowing and earn more when saving. Based on more than 150 billion cells of data and over $80 billion in loans, our advanced credit decisioning and machine-learning models are used across the customer lifecycle to expand seamless access to credit for our members, while generating compelling risk-adjusted returns for our loan investors. Since 2007, more than 4.5 million members have joined the Club to help reach their financial goals. For more information about LendingClub, visit https://www.lendingclub.com. 

CONTACT:

For Investors: IR@lendingclub.com   

Media Contact: Press@lendingclub.com

 

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SOURCE LendingClub Corporation

FAQ

When will LendingClub report its Q1 2023 earnings?

LendingClub will report its Q1 2023 earnings after market close on April 26, 2023.

What time is the LendingClub Q1 2023 earnings call?

The earnings call is scheduled for 2:00 p.m. Pacific Time on April 26, 2023.

How can I submit questions for the LendingClub earnings call?

Questions can be submitted via email to ir@lendingclub.com until 12:00 p.m. Pacific Time on April 25, 2023.

Where can I access the LendingClub earnings call webcast?

The earnings call webcast can be accessed at LendingClub's investor relations website under the Filings & Financials menu.

What is the significance of LendingClub's use of machine-learning models?

LendingClub's machine-learning models enhance credit access and help achieve compelling risk-adjusted returns for its loan investors.