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LendingClub Net Interest Margin (Bank Only) %

: 7.66% (As of Sep. 2021)
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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 Sep. 2021 was $261.2 Mil. LendingClub's average earning assets for the quarter that ended in Sep. 2021 was $3,411.2 Mil. Therefore, LendingClub's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2021 was 7.66%.


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.

* Premium members only.

LendingClub Annual Data
Trend Mar12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Net Interest Margin (Bank Only) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.92 2.88 3.56 3.98

LendingClub Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Net Interest Margin (Bank Only) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.49 4.08 3.45 5.57 7.66

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. 2020 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2020 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2019 ) + Earning Assets (A: Dec. 2020 ))/ count )
=68.191/( (2367.875 + 1062.565)/ 2 )
=68.191/1715.22
=3.98 %

where

Earning Assets(A: Dec. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=243.343 + 1845.363 + 279.169
=2367.875

Earning Assets(A: Dec. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=103.522 + 808.542 + 150.501
=1062.565

LendingClub's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2021 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2021 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2021 ) + Earning Assets (Q: Sep. 2021 ))/ count )
=261.152/( (3370.171 + 3452.19)/ 2 )
=261.152/3411.1805
=7.66 %

where

Earning Assets(Q: Jun. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=123.896 + 2951.258 + 295.017
=3370.171

Earning Assets(Q: Sep. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=77.577 + 3081.186 + 293.427
=3452.19

* 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 (Sep. 2021) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


LendingClub  (NYSE:LC) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


LendingClub Net Interest Margin (Bank Only) % Related Terms

Thank you for viewing the detailed overview of LendingClub's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.


LendingClub Business Description

LendingClub logo
Industry
Financial Services » Credit Services NAICS : 525990 SIC : 6153
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 offer 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
Kay Valerie officer: Chief Capital Officer C/O LENDINGCLUB CORPORATION 71 STEVENSON ST, SUITE 1000 SAN FRANCISCO CA 94105
Casey Thomas W officer: Chief Financial Officer 1201 THIRD AVE SEATTLE WA 98101
Koohestani Bahman officer: Chief Technology Officer 500 W. MADISON STREET #1000 CHICAGO IL 60661
Stack Fergal officer: SVP, Corporate Controller C/O LENDINGCLUB CORPORATION 71 STEVENSON ST., SUITE 300 SAN FRANCISCO CA 94105
Pace Brandon officer: General Counsel and Secretary C/O LENDINGCLUB CORPORATION 595 MARKET ST, SUITE 200 SAN FRANCISCO CA 94105
Sanborn Scott officer: CEO C/O REDENVELOPE, INC. 149 NEW MONTGOMERY STREET SAN FRANCISCO CA 94105
Bogan Timothy officer: Chief Risk Officer C/O LENDINGCLUB CORPORATION 71 STEVENSON ST, SUITE 300 SAN FRANCISCO CA 94105
Armstrong Annie officer: Chief Risk Officer C/O LENDINGCLUB CORPORATION 595 MARKET ST. #200 SAN FRANCISCO CA 94105
Momen Ronnie officer: Chief Lending Officer C/O LENDINGCLUB CORPORATION SAN FRANCISCO CA 94105
Denman Kenneth D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: DENMAN KENNETH D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Zeisser Michael P director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: ZEISSER MICHAEL P a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Williams Simon director C/O THE STUDENT LOAN CORPORATION 750 WASHINGTON BLVD., 9TH FLOOR STAMFORD CT 06901
Ciporin Daniel T director C/O VISTAPRINT USA, INC. 100 HAYDEN AVE LEXINGTON MA 02421
Mayopoulos Timothy J director C/O FANNIE MAE 1100 15TH STREET, NW WASHINGTON DC 20005
Morris John C. director C/O VISA INC. P.O. BOX 8999 SAN FRANCISCO CA 94128-8999

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