LC
LendingClub Corporation18.98
-0.09-0.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Funding demand resilient amid noise
Q&A affirmed LendingClub's funding resilience amid fintech bankruptcies, with strong demand for structured certificates and rated products now rivaling bank prices—management targets ~$500M HFI retention in Q4 while chasing best execution across channels. No underwriting tweaks despite competitor easing; applications show no credit deterioration, thanks to tight filters on low-FICO and student debt. Marketing efficiency persists at 1.5% of volume, fueled by cheap repeats. Track record narrows capital to proven issuers like them. Demand holds firm. Confident outlook points to Investor Day for capital plans.
Key Stats
Market Cap
2.19BP/E (TTM)
21.33Basic EPS (TTM)
0.89Dividend Yield
0%Recent Filings
8-K
$100M buyback approved
LendingClub's board approved a $100 million stock repurchase and acquisition program on November 4, 2025, running through December 31, 2026, inclusive of tax-withhold shares from vesting RSUs. Backed by record Q3 2025 pre-tax net income and a transformed bank profile since 2021, it signals confidence amid growth opportunities—yet execution hinges on stock price and market conditions. Buybacks boost shareholder value.
10-Q
Q3 FY2025 results
LendingClub's Q3 FY2025 results showed solid momentum, with total net revenue up 32% y/y to $266.2M, driven by marketplace revenue surging 75% y/y to $102.2M on 37% higher loan originations of $2.6B, while net interest income rose 13% y/y to $158.4M amid lower deposit costs. Gross margin held steady, but provision for credit losses dipped 3% y/y to $46.3M despite higher HFI retention; diluted EPS climbed to $0.37 from $0.13, reconciling to 118.2M shares with no anti-dilution flagged. Liquidity strengthened with $827M cash equivalents and $3.9B borrowing capacity, no debt outstanding, and capex at $21M tied to HQ acquisition. Yet regulatory scrutiny on compliance persists as a key risk.
8-K
Q3 record profits, BlackRock deal
10-Q
Q2 FY2025 results
LendingClub posted solid Q2 FY2025 results, with total net revenue up 33% year over year to $248.4M, fueled by 32% higher loan originations at $2.4B and marketplace revenue surging 59% to $89.6M on better sale prices and credit performance. Net interest income rose 20% to $154.2M, lifting the margin to 6.14%, while provision for credit losses edged up 12% to $39.7M amid more retained loans, yet net charge-offs fell sharply to 3.0% from 6.2%. Expenses climbed 17% to $154.7M, driven by marketing and headcount, but net income jumped 156% to $38.2M, or $0.33 diluted EPS—matching basic shares at 115.7M. Deposits grew 13% to $9.1B, with $3.8B in borrowing capacity; the April office buy added $74.5M to capex. Strong capital ratios held at 17.5% CET1, but regulatory scrutiny from CFPB oversight poses a key risk.
8-K
LendingClub Q2 surges 32% originations
LendingClub reported stellar Q2 2025 results, with loan originations surging 32% to $2.4 billion and total net revenue climbing 33% to $248.4 million versus last year, fueled by robust marketplace sales and a widened net interest margin of 6.14%. Net income jumped 156% to $38.2 million, yielding an 11.8% ROTCE, while credit quality shone with net charge-offs dropping to $31.8 million. They extended a $3.4 billion funding pact with Blue Owl and unveiled LevelUp Checking for cash-back rewards. Q3 guidance eyes $2.5-2.6 billion originations and 10-11.5% ROTCE. Momentum builds, yet credit risks linger.
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