LendingClub's stock plummeted 6.49% during intraday trading on Wednesday, marking a significant decline for the digital banking platform.
The sharp drop came despite the company reporting fourth-quarter revenue of $266.5 million, which exceeded the Ibes estimate of $262.3 million. However, investors appeared focused on the company's credit loss provision of $47.2 million for the quarter, which may have raised concerns about loan quality and future performance.
LendingClub reported fourth-quarter earnings per share of $0.35 and net income of $41.6 million as part of its full-year 2025 results announcement, but the substantial credit loss provision appears to have overshadowed these figures in investor sentiment.
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