Brief: LendingClub Reports Second Quarter 2023 Results

Happen

26/07/2023 22:10

July 26 (Reuters) - LendingClub Corp  LC.N :
    * LENDINGCLUB REPORTS SECOND QUARTER 2023 RESULTS
    * LENDINGCLUB CORP - QTRLY DEPOSITS OF $6.8 BILLION COMPARED
TO
$7.2 BILLION IN PRIOR QUARTER
    * LENDINGCLUB CORP - FDIC-INSURED DEPOSITS REPRESENT
APPROXIMATELY
85% OF TOTAL DEPOSITS IN QUARTER
    * LENDINGCLUB CORP - QTRLY TOTAL ASSETS OF $8.3 BILLION
COMPARED
TO $8.8 BILLION IN PRIOR QUARTER
    * LENDINGCLUB CORP SEES Q3 LOAN ORIGINATIONS $1.4BLN TO
$1.7BLN
    * LENDINGCLUB CORP SEES  Q3 PRE-PROVISION NET REVENUE (PPNR)
$40
MILLION TO $50 MILLION

Source text for Eikon:  ID:nPn4f1RJBa 
Further company coverage:  LC.N 

 (Reuters.Briefs@thomsonreuters.com)