The largest peer to peer lender in the US, Lending Club (NYSE: LC), has scheduled its first quarter earnings call for Tuesday, March 5, 2015 after the markets close at 5PM EST / 2PM PT. The San Francisco based marketplace lender will be presenting Q1 financials and give perspective on the coming year. Lending Club has been checking off a list of new partners since the beginning of the year as it seeks to boost more borrowers for its platform. Lending Club completed a highly successful IPO in December of 2014 establishing a benchmark for other marketplace lenders considering issuing shares to the public. The direct lender originated over $1.4 billion in loans for Q4 of 2014. Lending Club has leveraged technology to improve the lending space matching borrowers with investors. The company has grown rapidly undercutting traditional banks viewed as encumbered by legacy costs and processes.
A live webcast of the call will be available at the Lending Club site under the Events & Presentations menu. Interested individuals may also access the call, please dial +1 (888) 317-6003, or outside the U.S. +1 (412) 317-6061, with conference ID 8254302, ten minutes prior to 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time).