Lend Academy Article: LendingClub Q1 2018 Earnings Results Review

Banks make up nearly 50% of LendingClub’s platform as originations grow 18% year over year; originations were $2.3 billion for the quarter and revenue was $151.7 million; LendingClub incurred a GAAP net loss of $31.2 million which included legal expenses related to legacy issues of $17 million. Source