OnDeck reported a GAAP net loss of $4.3 million, or $0.13 per share, for the quarter which included the adverse impact of a $2.1 million non-cash charge related to the increase in fair value of warrants outstanding prior to the IPO.

Provision for loan losses during the fourth quarter of 2014 increased to $20.4 million, up from $10.3 million during the year ago period, primarily as a result of the growth in originations.