LendingClub Earnings Reports

LendingClub delivered an exceptional second quarter in 2025, achieving substantial year-over-year growth across key financial metrics. Loan originations surged by 32%, total net revenue increased by 33%, and net income saw a remarkable 156% rise. This strong performance was driven by successful product and marketing initiatives, credit outperformance, and efficient expense management, resulting in double-digit returns on equity and tangible common equity.

LendingClub reported a strong start to 2025 with significant year-over-year growth in total net revenue and originations, exceeding $100 billion in lifetime originations.

LendingClub Corporation reported a 13% increase in loan originations, a 17% increase in total net revenue, and a 20% increase in total assets compared to the prior year. Net income was $9.7 million, which includes a one-time, post-tax $3.2 million non-cash impairment expense related to the Tally acquisition.

LendingClub reported a strong Q3 2024, marked by a 25% year-to-date growth in total assets, driven by the purchase of LendingClub loans. Loan originations grew, supported by the return of bank buyers, improved loan sales pricing, and the successful execution of new consumer loan initiatives. The acquisition of Tally's technology is set to accelerate the product roadmap, targeting the credit card refinance opportunity.

LendingClub Corporation reported an increase in net income to $14.9 million, with diluted EPS of $0.13, compared to the previous quarter's $12.3 million, with diluted EPS of $0.11. This growth was primarily fueled by higher net interest income resulting from balance sheet expansion. Total net revenue reached $187.2 million, up from $180.7 million in the prior quarter, driven by marketplace revenue and net interest income.

LendingClub Corporation reported financial results for the first quarter ended March 31, 2024, with a net income of $12.3 million and diluted EPS of $0.11. Loan originations remained strong at $1.6 billion, and the company's total assets grew to $9.2 billion. The results reflect the company's operating discipline, strong credit performance, and continued innovation.

LendingClub Corporation announced its Q4 and full year 2023 financial results, highlighting a 21% quarter-over-quarter increase in marketplace originations and continued GAAP profitability. The company's total assets reached $8.8 billion, and deposits totaled $7.3 billion.

LendingClub Corporation announced its Q3 2023 financial results, highlighting its tenth consecutive quarter of GAAP profitability. The company focused on leveraging its structured certificates program to boost marketplace issuance and implemented cost-saving measures to adapt to the current market environment.

LendingClub reported a net income of $10.1 million and EPS of $0.09 for the second quarter of 2023. The company's total net revenue was $232.5 million, driven by lower marketplace revenue. They are managing the business prudently by continuing disciplined credit underwriting, and developing new structures to meet the evolving needs of loan investors, while maintaining strong liquidity and capital.

LendingClub Corporation reported a solid first quarter, driven by strategic advantages including cycle-tested data and its digital marketplace bank model. Net income was $13.7 million, supported by a 7% sequential increase in pre-provision net revenue. Deposits were up 13% sequentially, reaching $7.2 billion, with cash increasing to $1.6 billion.

LendingClub Corporation reported fourth quarter results, demonstrating the benefits of its evolution into a marketplace bank. Recurring revenue grew significantly to offset the expected reduction in marketplace volumes. The company streamlined operations and will maintain underwriting discipline while remaining profitable.

LendingClub Corporation reported strong third-quarter results, with revenue up 24% year-over-year to $304.9 million and diluted earnings per share increasing 58% year-over-year to $0.41. The company drove growth in recurring interest income, supported by the strong credit performance of its retained high-quality prime loan portfolio. The results reflect the strategic advantages of LendingClub's digital bank model.

LendingClub Corporation reported record second-quarter results with revenue of $330.1 million, a 61% year-over-year increase. Net income was $182.1 million, including a $135 million income tax benefit, and $46.8 million excluding the income tax benefit. The company's marketplace bank model and focus on prudent underwriting contributed to the strong performance.

LendingClub Corporation reported record first quarter 2022 results, with revenue of $289.5 million, up 174% year-over-year, and net income of $40.8 million, an increase of over $85 million year-over-year.

LendingClub reported a transformative year, delivering fintech growth with bank advantages. Q4 revenue reached $262.2 million, with net income at $29.1 million, driven by net interest income and marketplace revenue. The company anticipates over $100 million in incremental earnings in 2022.

LendingClub Corporation announced strong financial results for Q3 2021, marked by record revenue of $246.2 million and a net income of $27.2 million, up 190% sequentially. The company's transformation into a digital marketplace bank is driving growth, supported by a growing member base and exceptional data science capabilities.

LendingClub reported a record net income of $9.4 million for the second quarter of 2021, driven by a 93% increase in total revenue. The company's performance was bolstered by its bank operations and strategic priorities.

LendingClub Corporation reported a strong start to 2021, marked by a 40% sequential increase in total revenue and significant growth in loan originations. The acquisition of Radius, now LendingClub Bank, has begun to yield strategic and financial benefits, contributing to a new revenue stream and reduced funding costs.

LendingClub reported a net loss of $26.7 million for Q4 2020, an improvement from the previous quarter. Loan originations increased by 56% quarter-over-quarter, exceeding guidance, and the acquisition of Radius Bancorp was completed.

LendingClub reported a GAAP Consolidated Net Loss of $(34.3) million for Q3 2020, an improvement of $44.2 million compared to the previous quarter. Loan originations increased by 79% sequentially, and net revenue improved by 70% sequentially.