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OnDeck Announces Fourth Quarter and Full Year Results
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OnDeck Announces Fourth Quarter and Full Year Results

OnDeck Announces Fourth Quarter and Full Year Results

Fintech Nexus Staff·
News RoundupOnline LendingUSA
·Feb. 16, 2017·1 min read

OnDeck released its fourth quarter and full year earnings before the market’s open on Thursday; the firm reported a net loss of $67.0 million for 2016 compared to a net profit of $10.3 million in 2015; originations were $2.4 billion in 2016 compared to $1.9 billion in 2015; revenue for the year increased to $264.8 million from $195.1 million; loan loss provisions were a factor contributing to the net loss with provisions increasing to $149.96 million in 2016 from $74.86 million in 2015.  Sources

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