

LendingClub Corporation ($LC) reported its third-quarter 2024 financial results, revealing a total net revenue of $201.9 million, an increase from $187.2 million in the previous quarter. This growth was attributed to higher net interest income driven by an expanded balance sheet and improved pricing in marketplace loan sales. The company also noted a 6% sequential growth in originations, reaching $1.9 billion. Pre-provision net revenue rose 19% to $65.5 million, while GAAP net income stood at $14.5 million, or $0.13 per share. Additionally, LendingClub's book value per common share increased to $11.95. The positive performance led to a pre-market share price increase of 16.1%.