Sterne Agee CRT Downgrades On Deck Capital (ONDK) to Underperform
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New Lending Data From OnDeck Kicks Off Small Business Week
May 3, 2016 7:01 AM EDTNEW YORK, May 3, 2016 /PRNewswire/ -- Small Business Week is underway with Small Business Administration (SBA) events scheduled for the week in Georgia, Colorado, Arizona and California and OnDeck® (NYSE: ONDK), the leader in online lending for small business, is recognizing the occasion by releasing new data highlighting the nearly $1 billion dollars the company has lent to small businesses in those four states.Â
From its... More
OnDeck Reports First Quarter 2016 Financial Results
May 2, 2016 4:15 PM EDTNEW YORK, May 2, 2016 /PRNewswire/ -- OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced first quarter 2016 financial results highlighted by record originations and strong credit performance. For the three months ended March 31, 2016, OnDeck grew originations 37% year-over-year to $570 million and increased gross revenue and net revenue by 11% and 11% year-over-year, respectively.
"OnDeck's first quarter 2016 operating performance was solid, highlighted by growth in all of our origination channels, and a sequential decrease in charge-offs during what is usually a seasonally... More
