LendingClub (LC) Q2 2025 Earnings
How Did LC Stock React to Q2 2025 Earnings?
Did LC Beat Earnings? Q2 2025 Results
Yes. LendingClub reported Q2 2025 earnings of $0.33 a share on Jul 29, 2025, beating the $0.15 consensus estimate by 116.7%. Revenue was $248.4M against a $227.4M estimate.
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%.
- 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
“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.”
LendingClub CEO, on the earnings call
What Was LendingClub's Outlook in Q2 2025?
For Q3 2025, LendingClub guided loan originations of $2.5 billion to $2.6 billion, pre-provision net revenue (PPNR) of $90 million to $100 million, and return on tangible common equity (ROTCE) of 10% to 11.5%.
LC YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $248.4M | $278.4M | −10.8% |
| Net Income | $38.2M | $14.9M | +156.2% |
| Operating Income | $54.0M | $19.4M | +178.0% |
LC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.