Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. LendingClub's annualized Net Interest Income (for Banks) for the quarter that ended in Jun. 2023 was $587 Mil. LendingClub's average earning assets for the quarter that ended in Jun. 2023 was $6,456 Mil. Therefore, LendingClub's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2023 was 9.09%.
LendingClub Net Interest Margin (Bank Only) % Historical Data
The historical data trend for LendingClub's Net Interest Margin (Bank Only) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
|
LendingClub Annual Data
|
|
Trend |
Dec13 |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
| Net Interest Margin (Bank Only) % |
|
|
|
|
|
|
2.88 |
3.54 |
3.46 |
8.81 |
9.48 |
|
LendingClub Quarterly Data
|
|
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
| Net Interest Margin (Bank Only) % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.84 |
10.22 |
9.48 |
9.24 |
9.09 |
Competitive Comparison
For the Credit Services subindustry, LendingClub's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
LendingClub Net Interest Margin (Bank Only) % Distribution
For the Credit Services industry and Financial Services sector, LendingClub's Net Interest Margin (Bank Only) % distribution charts can be found below:
* The bar in red indicates where LendingClub's Net Interest Margin (Bank Only) % falls into.
LendingClub Net Interest Margin (Bank Only) % Calculation
Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).
LendingClub's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2022 is calculated as
where
LendingClub's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Jun. 2023 is calculated as
where
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: Interest Expense is the negative value.
In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data,
the Net Interest Income (for Banks) data used here is four times the quarterly (Jun. 2023) net interest income data.
Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.
LendingClub (NYSE:LC) Business Description
Traded in Other Exchanges
Address
595 Market Street, Suite 200, San Francisco, CA, USA, 94105
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.
Executives
| Janey Whiteside |
director |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105 |
| Stephen M Cutler |
director |
JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| Andrew Labenne |
officer: Chief Financial Officer |
C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTE GA 30005 |
| Kathryn Reimann |
director |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105 |
| Syed Faiz Ahmad |
director |
7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
| Adrienne Harris |
director |
150 NORTH RIVERSIDE PLAZA, SUITE 5200, CHICAGO IL 60606 |
| Allan R Landon |
director |
130 MERCHANT ST 22ND FLR, HONOLULU HI 96813 |
| Erin Selleck |
director |
C/O BROADWAY FINANCIAL CORPORATION, 5055 WILSHIRE BLVD. SUITE 500, LOS ANGELES CA 90036 |
| Annie Armstrong |
officer: Chief Risk Officer |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST. #200, SAN FRANCISCO CA 94105 |
| Shanda Global Investment Ltd |
10 percent owner |
303 TWIN DOLPHIN DRIVE, #6054, REDWOOD CITY CA 94065 |
| Michael P Zeisser |
director |
|
| Brandon Pace |
officer: General Counsel and Secretary |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST, SUITE 200, SAN FRANCISCO CA 94105 |
| Ronnie Momen |
officer: Chief Lending Officer |
C/O LENDINGCLUB CORPORATION, SAN FRANCISCO CA 94105 |
| Valerie Kay |
officer: Chief Capital Officer |
C/O LENDINGCLUB CORPORATION, 71 STEVENSON ST, SUITE 1000, SAN FRANCISCO CA 94105 |
| Bahman Koohestani |
officer: Chief Technology Officer |
500 W. MADISON STREET, #1000, CHICAGO IL 60661 |
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