LendingClub (FRA:8LCA) Credit Losses Provision : €189.7 Mil (As of Mar. 2024)

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What is LendingClub Credit Losses Provision?

LendingClub's credit losses provision for the three months ended in Mar. 2024 was €29.4 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €189.7 Mil.

LendingClub's quarterly credit losses provision declined from Sep. 2023 (€60.4 Mil) to Dec. 2023 (€38.4 Mil) and declined from Dec. 2023 (€38.4 Mil) to Mar. 2024 (€29.4 Mil).

LendingClub's annual credit losses provision increased from Dec. 2021 (€122.8 Mil) to Dec. 2022 (€252.4 Mil) but then declined from Dec. 2022 (€252.4 Mil) to Dec. 2023 (€223.3 Mil).

LendingClub Credit Losses Provision Historical Data

The historical data trend for LendingClub's Credit Losses Provision 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.

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LendingClub Credit Losses Provision Chart

LendingClub Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.78

122.84

252.36

223.35

LendingClub Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															65.93	61.47	60.42	38.43	29.37

LendingClub Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €189.7 Mil.

LendingClub (FRA:8LCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LendingClub Corp (FRA:8LCA) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

LC:USA

Address

595 Market Street, Suite 200, San Francisco, CA, USA, 94105

Website

https://www.lendingclub.com

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.

LendingClub (FRA:8LCA) Headlines

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