LendingClub Reports Fourth Quarter and Full Year 2025 Results

January 28, 2026

Delivered $41.6 million GAAP Net Income, 11.3% ROE and 11.9% ROTCE in fourth quarter
Increased Originations +40%, Revenue +23%, and Diluted EPS +338% in fourth quarter compared to prior year
For the full year 2025: Grew Originations +33%, Revenue +27%, and Diluted EPS +158% compared to prior year

SAN FRANCISCO, Jan. 28, 2026 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced financial results for the fourth quarter and full year ended December 31, 2025.

"We closed out a fantastic year with another strong quarter, delivering 40% originations growth and ROTCE approaching 12%," said Scott Sanborn, LendingClub CEO. "On a full-year basis, we grew originations 33% and more than doubled EPS. We're entering 2026 from a position of strength, with product innovations and marketing investments taking hold while credit continues to outperform. Our entry into home improvement financing is creating new opportunities and we also expect to leverage ongoing operating discipline and AI efficiencies to further strengthen the earnings power of the company."

Fourth Quarter 2025 Results

Highlights:

Achieved $2.6 billion in origination volume, up 40% compared to the prior year, driven by the successful execution of product and marketing initiatives.
More than quadrupled Diluted EPS to $0.35 compared to the prior year.
Continued to deliver credit outperformance vs. competitor set, with over 40% better performance.
Executed $11.9 million of the $100 million Stock Repurchase and Acquisition Program.
Announced entry into home improvement financing through foundational tech and talent acquisition and a distribution partnership.
Showcased distinct competitive advantages and near-term and medium-term growth strategy at Investor Day.

Balance Sheet:

Total assets of $11.6 billion, up 9% year-over-year, supported primarily by growth in loans on the balance sheet.
Deposits of $9.8 billion, up 8% year-over-year, driven by growth in consumer accounts. 88% of total deposits are FDIC-insured.
Robust available liquidity of $4.0 billion.
Strong capital position with a consolidated Tier 1 leverage ratio of 12.0% and a CET1 capital ratio of 17.4%.

Financial Performance:

Loan originations grew 40% to $2.6 billion, compared to $1.8 billion in the prior year.
Total net revenue increased 23% to $266.5 million, compared to $217.2 million in the prior year.
Net interest margin expanded to 5.98%, compared to 5.42% in the prior year.
Provision for credit losses of $47.2 million, compared to $63.2 million in the prior year.
Net charge-offs improved to $40.1 million, compared to $46.0 million in the prior year.
Net income and Diluted EPS more than quadrupled to $41.6 million and $0.35, respectively.
Return on Equity (ROE) of 11.3% with a Return on Tangible Common Equity (ROTCE) of 11.9%.
Pre-Provision Net Revenue (PPNR) increased 31% to $97.2 million, compared to $74.3 million in the prior year.

($ in millions, except per share amounts)	Three Months Ended	Year Ended
	December 31, 2025	December 31, 2025	December 31, 2024
Total net revenue	$266.5	$998.8	$787.0
Non-interest expense	169.3	630.6	543.7
Pre-provision net revenue(1)	97.2	368.3	243.3
Provision for credit losses	47.2	191.3	178.3
Income before income tax expense	50.0	176.9	65.1
Income tax expense	(8.5)	(41.3)	(13.7)
Net income	$41.6	$135.7	$51.3
Diluted EPS	0.35	1.16	0.45

(1) See page 3 of this release for additional information on our use of non-GAAP financial measures.

Financial Outlook

	First Quarter 2026	Full Year 2026
Loan originations	$2.55B to $2.65B	$11.6B to $12.6B
Diluted EPS	$0.34 to $0.39	$1.65 to $1.80

About LendingClub

LendingClub is reimagining what a bank can be by building our business around a simple belief: when our members win, we win. Leveraging innovative technology and engaging mobile-first experiences, our integrated suite of financial products helps people keep more of what they earn and earn more on what they save.

LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC.

Non-GAAP Financial Measures

To supplement our financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: Pre-Provision Net Revenue (PPNR) and Return on Tangible Common Equity (ROTCE).

We believe these non-GAAP financial measures provide management and investors with useful supplemental information about the financial performance of our business and enable comparison of financial results between periods.

Safe Harbor Statement

Some of the statements above, including statements regarding our entry into home improvement financing and anticipated future performance and financial results, are "forward-looking statements."

Factors that could cause actual results to differ materially from those contemplated include competition, economic conditions, and regulatory environment.

LENDINGCLUB CORPORATION OPERATING HIGHLIGHTS (In thousands, except percentages or as noted)

	As of and for the three months ended
	December 31, 2025	September 30, 2025
Non-interest income	$103,444	$107,792
Net interest income	163,027	158,439
Total net revenue	266,471	266,231
Non-interest expense	169,284	162,713
Pre-provision net revenue(1)	97,187	103,518
Provision for credit losses	47,158	46,280
Income before income tax expense	50,029	57,238
Income tax expense	(8,475)	(12,964)
Net income	$41,554	$44,274
Basic EPS	$0.36	$0.39
Diluted EPS	$0.35	$0.37
Net interest margin	5.98%	6.18%
Return on average equity (ROE)	11.3%	12.4%
Return on tangible common equity (ROTCE)	11.9%	13.2%

CONSOLIDATED BALANCE SHEETS (In Thousands, Except Share and Per Share Amounts)

	December 31, 2025	December 31, 2024
Total assets	$11,567,816	$10,630,509
Total liabilities	$10,067,388	$9,288,778
Total equity	$1,500,428	$1,341,731