LC
LendingClub Corporation18.98
-0.09-0.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guide; details marketing ramp.
Q&A largely reaffirmed prepared remarks and upbeat guidance, adding color on front-loaded Q1 marketing as R&D for paid social and display—less efficient now, but primed for reacceleration in H2. Expenses to moderate post-rebrand; fair value discount at 7.1%, loss rates steady at 4.5-5%. One aggressive competitor exited, yet fintechs push harder—LendingClub stays disciplined. Analysts' macro and rate-cap probes drew confident, direct replies. Investors watch marketing efficiency and home improvement launch.
Key Stats
Market Cap
2.19BP/E (TTM)
21.33Basic EPS (TTM)
0.89Dividend Yield
0%Recent Filings
10-K
FY2025 results
LendingClub drove FY2025 originations up 33% y/y to $9.6B, with marketplace loans accelerating 30% amid higher investor demand and better sale prices, while HFI originations grew 41% on deposit funding. Q4 momentum shone through net charge-off ratio dropping to 3.6% (derived from $152M NCOs on $4.2B avg HFI), ALLL steady at 6.5%, and NIM expanding to 6.07% on lower deposit costs—yet provision rose 7% on HFI volume. Deposits hit $9.8B, fueled by high-yield savings; capex jumped to $144M including HQ buy. $100M buyback underway. Regulatory shifts risk quarterly loan demand.
8-K
Q4 originations soared 40%
8-K
Leadership transitions at LendingClub
LendingClub's Board Chairman John C. (Hans) Morris resigns effective March 31, 2026, after 13 years, with no disagreements; Board veteran Timothy J. Mayopoulos steps in as independent Chairman April 1. Chief Risk Officer Annie Armstrong exits March 1, 2026, after bolstering the risk function for the bank charter, staying on non-executively through March. Smooth handoffs preserve leadership continuity.
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.
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