Basic financial insights into Lending Club’s P and L Performance

Yesterday Lending Club released their latest 10-Q filing that they are required to submit every quarter to the SEC.  This filing is for the 4th quarter of 2011, Lending Club’s fiscal 3rd quarter.

These filings contain a great deal of information, most of which is superfluous to the average investor. There are a few things I like to focus on and I am sharing these with you today in the table below. I have summarized some of the data from their Profit and Loss statement (called the Statement of Operations in the filing) and compared the December 2011 quarter to the previous quarter as well as the same quarter a year ago (note the numbers are for the quarter ending in the month displayed)…

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