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LendingClub

LendingClub (LC) Q2 2025 Earnings

Reported Jul 29, 2025 at 4:10 PM ET · SEC Source

Q2 25 EPS

$0.33

BEAT +116.68%

Est. $0.15

Q2 25 Revenue

$248.4M

BEAT +9.23%

Est. $227.4M

vs S&P Since Q2 25

+8.9%

BEATING MARKET

LC +26.5% vs S&P +17.5%

Market Reaction

Did LC Beat Earnings? Q2 2025 Results

LendingClub delivered a blowout second quarter, posting earnings per share of $0.33 against a consensus estimate of $0.15, a beat of 116.68%, while revenue of $248.44 million topped expectations by 9.23%, even as total revenue declined 10.8% from a y… Read more LendingClub delivered a blowout second quarter, posting earnings per share of $0.33 against a consensus estimate of $0.15, a beat of 116.68%, while revenue of $248.44 million topped expectations by 9.23%, even as total revenue declined 10.8% from a year ago. The standout driver was a powerful combination of surging loan originations and sharply improved credit quality, with total originations climbing 32% year-over-year to $2.39 billion and net charge-offs dropping to a 3.0% ratio from 6.2% in the prior-year period. Net interest margin expanded to 6.14% from 5.75%, and pre-provision net revenue jumped 70% to $93.72 million, reflecting both pricing gains and lower deposit funding costs. The company also closed a new structured certificates transaction with BlackRock, broadening its institutional investor base. At least one analyst raised their price target to $16.50 following the results, citing consistent outperformance against guidance. Looking ahead, management guided Q3 originations of $2.50 billion to $2.60 billion and ROTCE of 10% to 11.5%.

Key Takeaways

  • • Loan originations grew 32% YoY to $2.4 billion driven by product and marketing initiatives
  • • Credit outperformance of +40% versus competitor set
  • • Net interest margin expanded to 6.14% from 5.75% YoY
  • • Lower deposit funding costs
  • • Higher marketplace sales and improved loan pricing
  • • Net charge-off ratio improved to 3.0% from 6.2% YoY
  • • Efficiency ratio improved to 62.3% from 70.6% YoY
24/7 Wall St

LC YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

LC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q4 25

“We had an exceptional quarter with year-over-year originations and revenue growth of 32% and 33%, respectively. Strong revenue growth combined with credit outperformance resulted in $38 million of net income, delivering double digit ROTCE in excess of our target and ahead of schedule.”

— Scott Sanborn, Q2 2025 Earnings Press Release

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