LendingClub Corporation (NYSE:LC) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET
Company Participants
Artem Nalivayko - Head, IR
Scott Sanborn - CEO
Drew LaBenne - CFO
Conference Call Participants
Giuliano Bologna - Compass Point
Bill Ryan - Seaport Research Partners
David Chiaverini - Wedbush Securities
John Hecht - Jefferies
Brad Capuzzi - Piper Sandler
Reggie Smith - JP Morgan
Tim Switzer - KBW
Operator
Good afternoon. Thank you for attending the LendingClub First Quarter 2024 Earnings Conference Call. My name is Jayla and I will be your moderator today. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end.
I would now like to pass the conference over to our host the Head of Investor Relations, Artem Nalivayko.
Artem Nalivayko
Thank you, and good afternoon. Welcome to LendingClub's first quarter earnings conference call. Joining me today to talk about our results are Scott Sanborn, CEO; and Drew LaBenne, CFO.
You can find the presentation accompanying our earnings release on our Investor Relations section of our website.
On the call, in addition to the 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 including with respect to our competitive advantages and strategy, macroeconomic conditions and outlook, platform volume, future products and services, and future business 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 presentation. Any forward-looking statements that we make on this call are based on current expectation and assumptions, 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. You can find more information on our use of non-GAAP measures and a reconciliation to the most directly comparable GAAP measures in today's earnings release and presentation.
And now, I'd like to turn the call over to Scott.
Scott Sanborn
All right. Thank you, Artem. Welcome, everybody.
We kicked off the year with another solid quarter, and we're pleased with how well we're executing against the factors we can control, derisking the business while also advancing our strategy and setting the stage for future growth. Our operating discipline, credit outperformance, and continued innovation are resulting in a sustainable operating rhythm that has us well-positioned to outperform as conditions improve.