Earnings summaries and quarterly performance for LendingClub.
Executive leadership at LendingClub.
Board of directors at LendingClub.
Allan Landon
Detailed
Director
Erin Selleck
Detailed
Director
Faiz Ahmad
Detailed
Director
Janey Whiteside
Detailed
Director
John C. (Hans) Morris
Detailed
Independent Chairman of the Board
Kathryn Reimann
Detailed
Director
Michael Zeisser
Detailed
Director
Stephen Cutler
Detailed
Director
Timothy Mayopoulos
Detailed
Director
Research analysts who have asked questions during LendingClub earnings calls.
Vincent Caintic
Stephens Inc.
5 questions for LC
Also covers: AFRM, BFH, CRMT +9 more
William Ryan
Seaport Research Partners
4 questions for LC
Also covers: AGM, ENVA, NAVI
Giuliano Anderes-Bologna
Compass Point
3 questions for LC
Also covers: AFRM, AGO, COOP +7 more
Kyle Joseph
Jefferies
3 questions for LC
Also covers: AFRM, CACC, CRMT +14 more
Reginald Smith
JPMorgan Chase & Co.
3 questions for LC
Also covers: AFRM, BETR, BFH +8 more
Timothy Switzer
KBW
3 questions for LC
Also covers: CASH, CIVB, CNOB +14 more
Bradley Capuzzi
Piper Sandler
2 questions for LC
Also covers: LFT, MITT, RWT +1 more
Crispin Love
Piper Sandler
2 questions for LC
Also covers: ABL, ABR, AGNC +24 more
Giuliano Bologna
Compass Point Research & Trading LLC
2 questions for LC
Also covers: AFRM, FIP, FTAI +2 more
John Hecht
Jefferies
2 questions for LC
Also covers: AFRM, ARCC, CACC +22 more
Reggie Smith
JPMorgan Chase & Co.
2 questions for LC
Also covers: AFRM, BFH, CIFR +7 more
Tim Switzer
Keefe, Bruyette & Woods (KBW)
2 questions for LC
Also covers: CASH, CIVB, INBK +11 more
Bill Ryan
Seaport Research Partners
1 question for LC
Also covers: AGM
David Chiaverini
Wedbush Securities Inc.
1 question for LC
Also covers: BANC, BOKF, CUBI +4 more
David Scharf
Citizens Capital Markets and Advisory
1 question for LC
Also covers: AFRM, ECPG, ENVA +11 more
Timothy Jeffrey Switzer
Keefe, Bruyette & Woods
1 question for LC
Also covers: CIVB
Vincent Albert Caintic
BTIG
1 question for LC
Recent press releases and 8-K filings for LC.
LendingClub Outlines Strategic Vision, Growth Targets, and New Initiatives at Investor Day
LC
New Projects/Investments
Guidance Update
Share Buyback
- LendingClub has undergone a significant strategic shift, leveraging its bank charter to pursue a "lifetime of lending and banking" by acquiring customers through lending and engaging them with additional products and services.
- The company highlights its competitive advantages, including unmatched underwriting that delivers 40% lower delinquencies than competitors, a proprietary technology platform, and a business model combining fintech speed with bank stability.
- LendingClub is expanding its product offerings, notably entering the $5 trillion annual market of home improvement financing through the acquisition of Mosaic's technology and a partnership with Wisetac.
- The company projects strong financial growth, expecting originations to grow 20% to 30% year over year and Return on Tangible Common Equity (ROTCE) to reach 13% to 15% in the near term and 18% to 20% over the medium term.
- LendingClub announced a $100 million stock repurchase and acquisition program to deploy excess capital.
Nov 5, 2025, 2:00 PM
LendingClub Outlines Ambitious Growth Targets and Strategic Initiatives at Investor Day
LC
Guidance Update
New Projects/Investments
Accounting Changes
- LendingClub is targeting a doubling of annual originations to $18-$22 billion over the medium term, up from $10 billion today, driven by core personal loans, major purchase finance, and secured products. This growth is supported by new entries into home improvement financing through the acquisition of Mosaic's technology and a partnership with Wisetack.
- The company projects its bank assets to grow from $11 billion to $20 billion over the medium term, while expanding its net interest margin to 6.5%+. LendingClub also aims to achieve a Return on Tangible Common Equity (ROTCE) of 18%-20% in the medium term, up from 12-13% in Q2/Q3.
- LendingClub announced a shift to fair value accounting for new originations starting Q1 2026 to better align revenue recognition with loss timing and create consistency across its bank and marketplace operations. Additionally, the company announced a $100 million stock repurchase and acquisition program.
Nov 5, 2025, 2:00 PM
LendingClub Announces Stock Repurchase Program and Medium-Term Financial Targets
LC
Share Buyback
Guidance Update
- LendingClub's Board of Directors approved a $100 million common stock repurchase and acquisition program through December 31, 2026, reflecting the company's strong balance sheet and confidence in long-term earnings power.
- The company reported record pre-tax net income in the third quarter of 2025 and saw its Tangible Book Value per Share grow at a 14% CAGR since 2021, reaching $11.95 in Q3 2025.
- LendingClub targets medium-term total annual originations of $18-$22 billion (up from a current $10 billion run rate), approximately $20.0 billion in Total Bank Assets, and a Return on Tangible Common Equity (ROTCE) of 18-20%.
- The company intends to elect the Fair Value Option for all newly-originated loans beginning January 2026 to better align revenue recognition with losses and create consistency in financials.
Nov 5, 2025, 1:10 PM
LendingClub Announces Stock Repurchase Program
LC
Share Buyback
- LendingClub's Board of Directors has approved a program to repurchase and acquire up to $100 million of the company's common stock.
- This program is authorized through December 31, 2026.
- CEO Scott Sanborn stated that the program reflects the company's strong balance sheet, confidence in its long-term earnings power, and a disciplined approach to capital allocation, noting record pre-tax net income in the third quarter of 2025.
- The timing and volume of shares acquired are discretionary and will depend on LendingClub's stock price, business and market conditions, and other factors.
Nov 5, 2025, 1:05 PM
LendingClub expands into home improvement financing
LC
New Projects/Investments
M&A
Product Launch
- LendingClub announced its expansion into the $500 billion home improvement financing market on November 5, 2025.
- The company is partnering with Wisetack, a platform with approximately 40,000 contractor merchants, to facilitate this market entry.
- The expansion will scale in two phases: initially purchasing participation certificates from Wisetack in early 2026, followed by originating larger home improvement financing loans using LendingClub's own underwriting model in mid-2026.
- LendingClub's entry is also supported by the acquisition of core lending technology and select talent from Mosaic.
Nov 5, 2025, 1:00 PM
LendingClub Reports Strong Q3 2025 Results
LC
Earnings
Guidance Update
New Projects/Investments
- LendingClub reported record Pre-tax Income of $57 million and a Return on Tangible Common Equity (ROTCE) of 13.2% for the third quarter ended September 30, 2025.
- The company achieved $2.6 billion in loan originations, representing a 37% increase compared to the prior year, and total net revenue grew 32% to $266.2 million.
- Diluted Earnings Per Share (EPS) nearly tripled to $0.37 in Q3 2025, an increase of 185% compared to the prior year.
- LendingClub secured a Memorandum of Understanding (MOU) with BlackRock for investments of up to $1 billion through its marketplace programs through 2026.
- For the fourth quarter of 2025, LendingClub anticipates loan originations between $2.5 billion and $2.6 billion and Return on Tangible Common Equity (ROTCE) between 10% and 11.5%.
Oct 22, 2025, 8:05 PM
Upgrade Secures Series G Funding and Valuation Increase
LC
New Projects/Investments
Board Change
Revenue Acceleration/Inflection
- Upgrade has raised $165 million in a Series G funding round led by Neuberger, boosting its valuation to $7.3 billion, a 21.7% increase from its last round in 2021.
- This capital raise, Upgrade's first external funding in nearly four years, signals renewed investor confidence in consumer fintech as the company prepares for a potential IPO within the next 12 to 18 months.
- To date, Upgrade's total funding has reached $750 million, having served 7.5 million customers and facilitated $42 billion in credit.
- Neuberger, the lead investor, also purchases loans from Upgrade, and its Head of Specialty Finance has joined Upgrade's board.
Oct 16, 2025, 12:05 PM
LendingClub and BlackRock Partner on Loan Transactions
LC
New Projects/Investments
- LendingClub Corporation announced a memorandum of understanding with BlackRock, under which BlackRock investment advisors will invest up to $1 billion through LendingClub's marketplace programs through 2026.
- This agreement follows BlackRock's initial $100 million transaction in June 2025 through LendingClub's new LENDR program, which offers multiple tranches with credit ratings from Fitch.
- Since their launch in April 2023, LendingClub has sold nearly $6 billion in loans through its structured certificates programs, including LENDR.
Aug 5, 2025, 12:00 PM
LendingClub Reports Strong Q2 2025 Results and Provides Q3 2025 Guidance
LC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- LendingClub reported strong Q2 2025 financial results, with total originations of $2.4 billion, a 32% year-over-year increase, and total net revenue of $248.4 million, up 33% year-over-year.
- Profitability significantly improved, with net income growing 156% year-over-year to $38.2 million and diluted EPS of $0.33 in Q2 2025. Pre-Provision Net Revenue (PPNR) also increased 70% year-over-year to $93.7 million.
- The company demonstrated improved operational efficiency, with the Efficiency Ratio improving by 8 percentage points year-over-year to 62.3% in Q2 2025, and achieved a Return on Tangible Common Equity of 11.8%.
- LendingClub provided positive guidance for Q3 2025, projecting total originations between $2.5 billion and $2.6 billion and Pre-Provision Net Revenue (PPNR) between $90 million and $100 million.
Jul 29, 2025, 9:00 PM
LendingClub and Blue Owl Capital Renew Forward Flow Agreement
LC
New Projects/Investments
- LendingClub Corporation and Blue Owl Capital managed funds have renewed a forward flow agreement for up to $3.4 billion in Structured Loan Certificate (SLCLC) transactions over two years.
- Under the agreement, Blue Owl's managed funds are anticipated to close on transactions valued up to $600 million in aggregate within the three months following the agreement, with additional purchases expected quarterly thereafter.
- This marks Blue Owl's third investment with LendingClub since 2023, building on $2.4 billion in previous transactions through the SLCLC program.
- LendingClub's SLCLC program, launched in April 2023, has facilitated nearly $6 billion in loan sales.
Jul 10, 2025, 12:00 PM
Quarterly earnings call transcripts for LendingClub.
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