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Dec 31, 2024
LendingClub Q4 2024 Earnings Report
LendingClub reported strong Q4 2024 results, with growth in originations, revenue, and total assets.
Key Takeaways
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.
Loan originations increased by 13% year-over-year to $1.85 billion.
Total net revenue increased by 17% year-over-year to $217.2 million.
Total assets increased by 20% year-over-year to $10.6 billion.
Net income was $9.7 million, including a one-time $3.2 million non-cash impairment expense.
Revenue by Segment
Forward Guidance
LendingClub provided financial outlook for Q1 and Q4 2025.
Positive Outlook
- Loan originations for Q1 2025 are expected to be $1.8B to $1.9B.
- Pre-provision net revenue (PPNR) for Q1 2025 is expected to be $60M to $70M.
- Loan originations for Q4 2025 are expected to be greater than $2.3B.
- Return on tangible common equity (ROTCE) for Q4 2025 is expected to be greater than 8%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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