LendingClub Corporation (NYSE:LC) Q1 2023 Results Conference Call April 26, 2023 5:00 PM ET
Company Participants
Artem Nalivayko - VP, Finance
Scott Sanborn - CEO
Drew LaBenne - CFO
Conference Call Participants
Bill Ryan - Seaport Research Partners
David Chiaverini - Wedbush Securities
Reggie Smith - JP Morgan
Giuliano Bologna - Compass Point
Tim Switzer - KBW
Operator
Good afternoon, everyone. Thank you for attending today’s LendingClub’s First Quarter 2023 Earnings Call. My name is Sierra and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]
I would now like to pass the conference over to our host Artem Nalivayko, Vice President of Finance at LendingClub. Please proceed.
Artem Nalivayko
Thank you, and good afternoon. Welcome to LendingClub’s first quarter earnings conference call. Joining me today to talk about our results and recent events are Scott Sanborn, CEO; and Drew LaBenne, CFO. You can find the presentation accompanying our earnings release on the Investor Relations section of our website.
On the call, in addition to questions from analysts, we will also be answering some of the questions that were submitted for consideration via email. Our remarks today will include forward-looking statements that are based on current expectations and forecasts, and involve risks and uncertainties. These statements include, but are not limited to our competitive advantages and strategy, macroeconomic conditions and outlook, platform volume, future products and services and future business loan and financial performance.
Our actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are described in today’s press release and our most recent Forms 10-K as filed with the SEC, as well as our subsequent filings made with the Securities and Exchange Commission, including our upcoming Form 10-Q. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements, as a result of new information or future events.
Our remarks also include non-GAAP measures relating to our performance, including tangible book value per common share and pre-provision net revenue. We believe these non-GAAP measures provide useful supplemental information. You can find more information on our use of non-GAAP measures and a reconciliation to the most directly comparable GAAP measures in the presentation accompanying our earnings release.