- OnDeck (NYSE:ONDK) surges 5.7% in premarket trading after Q4 earnings and Q1 revenue guidance beats consensus estimates.
- Q4 adjusted EPS of 20 cents vs. average analyst estimate of 16 cents; increases from 17 cents in Q3 and 10 cents in Q4 2017.
- Loans of $1.17B, up 5% from Q3 and up 23% from a year earlier.
- Q4 loan origination of $658M, up 2% Q/Q and 21% Y/Y.
- Q4 net interest margin increased to 30.0% from 29.3% in Q3 and 27.2% in Q4 2017.
- Book value per common share of $3.77 at Dec. 31, 2018 increased from $3.58 at Sept. 30, 2018 and $3.39 at Dec. 31, 2017.
- Q1 and 2019 guidance: Sees Q1 gross revenue of $108M-$112M (consensus estimate of $16.2M) and adjusted net income of $5M-$9M.
- Sees FY2019 gross revenue of $445M-$465M (consensus estimate of $450.2M) and adjusted net income of $30M-$40M.
- Guidance excludes impact from anticipated combination with Evolocity Financial Group in Canada and assumes macro-economic small business lending and capital markets environments remain steady.
- Conference call at 8:00 AM ET.
- Previously: OnDeck Capital beats by $0.04, beats on revenue (Feb. 12)
- Now read: OneMain Holdings, Inc. 2018 Q4 - Results - Earnings Call Slides
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