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Mar 31, 2025
LendingClub Q1 2025 Earnings Report
LendingClub reported financial results for the first quarter ended March 31, 2025.
Key Takeaways
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.
Total net revenue grew 20% year-over-year to $217.7 million in Q1 2025.
Total loan originations increased 21% year-over-year to $1.989 billion in Q1 2025.
Net income for Q1 2025 was $11.7 million, a 5% decrease year-over-year.
Diluted EPS for Q1 2025 was $0.10, a 9% decrease year-over-year.
Revenue by Segment
Forward Guidance
For the second quarter of 2025, LendingClub expects loan originations between $2.1 billion and $2.3 billion and Pre-provision net revenue between $70 million and $80 million.
Positive Outlook
- Expected increase in loan originations in Q2 2025 compared to Q1 2025.
- Expected increase in Pre-provision net revenue in Q2 2025 compared to Q1 2025 (midpoint comparison).
- Continued focus on originations growth.
- Additional investments in marketing planned.
- Innovation on member products and experiences.
Challenges Ahead
- Guidance range for loan originations suggests potential variability.
- Guidance range for Pre-provision net revenue suggests potential variability.
- Future provision expense is uncertain.
- Future goodwill is uncertain.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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