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OnDeck Capital Reports Second Quarter Results
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News Roundup
OnDeck Capital Reports Second Quarter Results

OnDeck Capital Reports Second Quarter Results

Fintech Nexus Staff·
News RoundupOnline LendingUSA
·Aug. 7, 2017·1 min read

OnDeck Capital beat earnings estimates and missed revenue estimates for the second quarter; revenue was $86.85 million, increasing 25% from the comparable quarter; earnings per share were $0.02, increasing from -$0.20 in the second quarter of 2016; loan originations decreased from $589.7 million in the second quarter of 2016 to $464.4 million in the second quarter of 2017; company reported success in acceleration to profitability; expanded online lending partnership with JPMorgan for up to four years; deBanked provides their perspective on the earnings release. Source

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