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Sep 30
LendingClub Q3 2025 Earnings Report
LendingClub reported strong Q3 2025 results with record pre-tax income and significant growth in EPS, revenue, and loan originations.
Key Takeaways
LendingClub delivered a robust Q3 2025, with net income more than tripling to $44.3 million and total revenue rising 32% YoY to $266.2 million. EPS climbed to $0.37, boosted by improved marketplace activity, credit performance, and cost discipline. The company achieved a net interest margin of 6.18% and a return on tangible common equity of 13.2%.
Net income rose to $44.3 million from $14.5 million a year ago
Loan originations increased 37% YoY to $2.6 billion
EPS reached $0.37, up from $0.13 in Q3 2024
Efficiency ratio improved to 61% due to well-managed expenses and AI initiatives
LendingClub
LendingClub
LendingClub Revenue by Segment
Revenue by Segment
Marketplace Revenue
CapyFin.comNet Interest Income Revenue
CapyFin.com Forward Guidance
For Q4 2025, LendingClub expects sustained loan origination strength and solid profitability, while navigating slightly moderating ROTCE expectations.
Positive Outlook
- Q4 loan originations projected at $2.5B to $2.6B
- PPNR forecasted between $90M to $100M
- Strong marketplace investor interest with BlackRock MOU
- Continued credit outperformance vs. competitors
- AI-driven efficiency gains to continue reducing cost pressures
Challenges Ahead
- ROTCE expected to moderate to 10%–11.5% from 13.2% in Q3
- Brokered deposits declined YoY, impacting deposit mix
- Marketing expenses rose 55% YoY due to growth initiatives
- Provision for credit losses remains elevated at $46.3M
- Pressure on net interest margin from deposit competition persists