Q1 26 EPS
$0.44
BEAT +23.73%
Est. $0.36
Q1 26 Revenue
$252.3M
BEAT +1.27%
Est. $249.1M
vs S&P Since Q1 26
-7.3%
TRAILING MARKET
LC +1.3% vs S&P +8.7%
Market Reaction
Did LC Beat Earnings? Q1 2026 Results
LendingClub delivered a standout first quarter for fiscal 2026, posting earnings per share of $0.44 against a consensus estimate of $0.36, a beat of 23.73%, while revenue of $252.25 million edged past the $249.08 million estimate by 1.27%, even as to… Read more LendingClub delivered a standout first quarter for fiscal 2026, posting earnings per share of $0.44 against a consensus estimate of $0.36, a beat of 23.73%, while revenue of $252.25 million edged past the $249.08 million estimate by 1.27%, even as total revenue fell 15.9% year over year. The headline driver was a near-complete collapse in credit loss provisions, which dropped 99% to just $390,000 from $58.15 million a year ago, reflecting both improved credit performance and the company's adoption of fair value option accounting for all new loan originations beginning this year. Net income surged to $51.60 million from $11.67 million in the prior-year period, underpinned by 31% growth in loan originations to $2.67 billion and net interest margin expansion to 6.28%. Analysts have noted that the stock may still be undervalued relative to its improving fundamentals, adding context to an otherwise confident management outlook; the company guides Q2 EPS of $0.40 to $0.45 and full-year diluted EPS of $1.65 to $1.80.
Key Takeaways
- • Loan originations grew 31% YoY to $2.7 billion driven by product and marketing initiatives
- • Net interest margin expanded to 6.28% from 5.97% YoY due to improved deposit funding costs
- • Provision for credit losses dropped 99% YoY to $0.4 million due to strong credit performance and FVO accounting election
- • Net charge-offs improved to $42.5 million from $76.1 million YoY, with NCO ratio declining to 3.5% from 6.1%
- • Over 40% lower delinquencies versus competitor set
- • Origination fees surged 86% YoY to $130.1 million
LC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
LC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We're starting 2026 with exceptional momentum, delivering 31% year-over-year growth in originations while achieving record pre-tax earnings of $67 million and ROTCE of 14.5%.”
— Scott Sanborn, Q1 2026 Earnings Press Release
LC Earnings Trends
LC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LC EPS Trend
Earnings per share: estimate vs actual
LC Revenue Trend
Quarterly revenue: estimate vs actual
LC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.42 | $0.50 | +19.88% | $262.9M | +0.92% |
| Q1 26 BEAT | $0.36 | $0.44 | +23.73% | $252.3M | +1.27% |
| Q4 25 BEAT FY | $0.34 | $0.35 | +4.14% | $266.5M | +1.71% |
| FY Full Year | — | $1.16 | — | $998.8M | — |
| Q3 25 BEAT | $0.31 | $0.37 | +20.88% | $266.2M | +3.99% |
| Q2 25 BEAT | $0.15 | $0.33 | +116.68% | $248.4M | +9.23% |