LendingClub reports Q3 EPS 37c, consensus 31c

Reports Q3 net interest margin expanded to 6.18%, compared to 5.63% in the prior year. Tangible book value per common share grew to $11.95, compared to $11.19 in the prior year. Common equity Tier 1 capital ratio was 18.0% vs. 17.5% in the previous quarter. “We delivered another outstanding quarter with 37% growth in originations and 32% growth in revenue, and nearly tripling diluted earnings per share, resulting in an ROTCE of over 13%,” said Scott Sanborn, CEO. “Innovative products, compelling value propositions, a loyal and growing member base, and a resilient balance sheet are all combining to deliver sustainable, profitable growth. We’re excited by the multiple opportunities ahead and look forward to continuing to execute against our strategy.”