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Fourth Quarter

2025 Results

JANUARY 28, 2026

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Disclaimer

Some of the statements in this presentation, including statements regarding our competitive advantages, loan and financial performance, business outlook, implications of the Fair Value Option accounting methodology, and demand for our loan programs, are “forward-looking statements.” The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “project,” “will,” “would” and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our ability to continue to attract new and retain existing borrowers and platform investors; competition; overall economic conditions; the interest rate environment; the regulatory environment; default rates and those factors set forth in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission, as well as in our subsequent filings with the Securities and Exchange Commission. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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This presentation contains non-GAAP financial measures relating to our performance – Risk-Adjusted Revenue, Pre-Provision Net Revenue and Tangible Book Value Per Common Share and Return on Tangible Common Equity. Our non-GAAP financial measures have limitations as analytical tools, are not prepared under any comprehensive set of accounting rules or principles and should not be considered in isolation or as a substitute for our results under accounting principles generally accepted in the United States (GAAP). We believe these non-GAAP financial measures provide management and investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies. You can find the reconciliation of these non-GAAP financial measure to the most directly comparable GAAP measures on pages 15, 24, 25, and 26, as applicable, of this presentation.

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

Award-Winning, Member-Focused Digital Marketplace Bank

Members¹

5+ Million

Originations¹

$100+ Billion

Out of 5 stars

Average Customer
Review²
4.83

Best High Yield

Savings Account

Best Personal Loan Savings Account

Best Checking

Account Overall

Net Promoter

Score (NPS)
84

Best Personal Loan

for Debt Consolidation
2025-2026

1. Total members and originations based on lifetime volume across all consumer products as of December 31, 2025. “Members” defined as consumers who have taken a LendingClub product or service.
2. Based on over 68,000 reviews collected and authenticated by BazaarVoice.
3. LendingClub internal data as of December 31, 2025. NPS measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends, or colleagues.

Distinct Advantages Over Competitors

An Unmatched

Underwriting
Advantage
SUPERIOR CREDIT

Products that

Attract Members
for Life
COMPELLING PRODUCTS

Experiences that

Keep Members
Coming Back
ENGAGING EXPERIENCES

Engineered

for Innovation
POWERFUL TECHNOLOGY

Best of Both Worlds:**

Digital Marketplace Bank
WINNING MODEL

Consumer Strategy: Building Lifetime Lending Relationships

Acquire new members through our core personal loans franchise

▪ Competitive rates / terms
▪ Compelling value
▪ Differentiated features
▪ Proprietary underwriting
▪ Membership benefits
▪ World-class experience

Member Growth

Drive member engagement with compelling products, tools, and features

▪ Mobile app combining
lending and deposits
▪ Tools like DebtIQ to increase debt visibility and highlight LendingClub value
▪ High-engagement products like LevelUp Savings and
LevelUp Checking

Member Performance

Offer additional products and features to meet their evolving needs

▪ Highlight existing products
▪ Launch new products and features that uniquely
meet member needs
▪ Offer an integrated
system of products that work together to unlock additional member value

Deeper Relationship

LendingClub Offers Compelling Value

CREDIT CARDS VS. LENDINGCLUB PERSONAL LOANS¹

23%
16%
LendingClub members
SAVE over
700bps
on interest vs.
credit cards

Average Credit Card LendingClub

APR on Balances
Personal Loan
Assessed Interest
Average APR

SAVINGS ACCOUNT APY²

LendingClub members EARN
400X
more on their savings vs.
leading national banks

0.01%
0.01%
Chase Savings Wells Fargo
Platinum Savings
0.01%
4.00%

BofA Advantage
Savings
LendingClub
LevelUp Savings

1. St. Louis Federal Reserve, Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest, October 7, 2025. Average LendingClub personal loan APR represents current internal estimates across 2024 and 2025 originations.
2. Bank posted savings rates as of December 31, 2025. LevelUp Savings APY as of December 31, 2025.

Products Designed to Deeply Engage Members

& Improve Financial Outcomes

LevelUp Savings

Award-winning high yield savings
account that rewards members for
positive savings behavior

Competitive base APY with a higher rate for members who deposit at least $250 per month
Over 70K accounts totaling $3.2 billion in deposits since August 2024 launch¹
75% of LevelUp Savings account holders, representing ~95% of total balances, are meeting the $250 monthly savings threshold¹
LevelUp Savings customers visit us on average 30% more than those with our prior savings product¹

The first checking product in
market to offer cash back for
on-time loan payments

Offers 2% cash back for on-time LendingClub loan payments made from the LevelUp Checking account and 1% cash back when using the LevelUp Checking debit card for qualifying gas, grocery, and pharmacy purchases
Since launch in June 2025, LevelUp Checking has driven a 6X increase in account openings over our prior product with 60% of those accounts coming from borrowers

4Q25 Highlights: Achieved Financial Targets

PRE-PROVISION NET REVENUE (PPNR) 1

TOTAL ORIGINATIONS
Guidance: $2.5B to $2.6B
$2.6B
+40% Year over year
Total originations of $2.6B consisting of approximately:

▪ $1.3B of marketplace whole-loan sales and loans sold through structured certificates program
▪ $1.3B of held-for-sale extended seasoning loans and retained held-for-investment loans

1 PRE-PROVISION NET REVENUE (PPNR)
Guidance: $90M to $100M
$97.2M
+31% Year over year

Pre-Provision Net Revenue Growth driven by:
▪ Higher Net Interest Income from balance sheet growth and expanding net interest margin
▪ Higher Non-Interest Income driven by higher marketplace originations and improvement in loan sale pricing

Over 5 Years of Outperformance Across Credit Segments

LENDINGCLUB VS. COMPETITIVE SET: 30-day+ Delinquencies & Hardships at Month on Book 9 by Quarterly Vintage LendingClub Competitive Set

FICO 660-719

7% 7% 7% 50%
**FICO 720-779
6% 6% 6%
4.5% 5% 5% 5%
4% 4% 4% 46%
3% 3% 3%42%
2.4% 1.8%
2% 2% 2%
2.2%
1% 1% 1%
1.3%
1.0%
0% 0% 0%

1. This data is provided by dv01 to be used for informational purposes only. dv01 is not liable for use of this data. The data is the property and confidential information of dv01. Distribution outside of this presentation is prohibited..

2. Delinquencies include 30+ day delinquencies for each respective quarterly vintage at month on book 9, including loans that are actively in hardship plans.

3. Numbers quoted are an average of the most recent 3 quarterly vintages.

4. There may be differences in the outperformance calculations due to rounding.

5. Competitor set includes information with respect to marketplace lenders and direct competitors as reported by dv01's Marketplace Personal Loan benchmarking data as of end-of-month November 2025.

6. Data for historical periods may be updated periodically by dv01.

Driving Strong Originations Growth

Structured Certificates and Extended Seasoning HFS increase driven by growing investor demand

( $ in millions )

Consumer Loan Originations

Whole Loan Sales + Structured Certificates Program
Extended Seasoning HFS + Retained HFI
+40% YoY
$2,622 $2,587
$2,391
$1,989
$1,846 50%
54% 56%
54% 61%

46% 50%

44% 46% 39%

4Q24 1Q25 2Q25 3Q25 4Q25

1. There may be differences between the sum of the quarterly results due to rounding.

23% Revenue Growth Year-Over-Year

Total Net Revenue

($ in millions)

+23%

$266.2 $266.5

NON-INTEREST INCOME

$217.2 38% year-over-year increase driven by higher marketplace $107.8 $103.4** originations and improvement in loan sale pricing $74.8

NET INTEREST INCOME

$158.4 $163.0 14% year-over-year increase in Net Interest Income driven by $142.4 Non-Interest Income balance sheet growth and expanding net interest margin

Net Interest Income 4Q24 3Q25 4Q25

Provision for ($63.2) ($46.3) ($47.2) Credit Losses 1 RISK-ADJUSTED REVENUE Risk-Adjusted42% year-over-year increase driven by revenue growth $154.0 $220.0 $219.3 Revenue¹ described above and lower provision for credit losses from strong credit performance and fewer HFI loans

1. Risk-Adjusted Revenue is a non-GAAP financial measure and is equal to Total Net Revenue less Provision for Credit Losses, as reflected and reconciled above to Total Net Revenue (the most directly comparable GAAP measure). We believe Risk-Adjusted Revenue is an important measure reflecting the credit risk-adjusted financial performance of our business operations.

Growing Balance Sheet with Net Interest Margin Expansion YoY to 6.0%

Higher cash levels to support balance sheet growth in 2026

Lower deposit costs supporting YoY Net Interest Margin expansion

Note: $300M of growth in cash reduced 4Q’25 Net Interest Margin by approximately 17bps

1. Includes cash, cash equivalents, restricted cash and all other interest-earning assets.
2. Primarily consists of interest-bearing deposits for each of the periods presented.
3. There may be differences between the sum of the quarterly results due to rounding.

Disciplined Expense Management

Continued expansion of paid marketing to drive growth in loan originations

Efficiency Ratio

Total Non-Interest Expense¹
($ in millions)

1. There may be differences between the sum of the quarterly results due to rounding.

2. 4Q24 included a non-cash $4.4 million pre-tax impairment of internally-developed software which became obsolete due to the Tally code-base acquisition.

Held for Investment Personal Loan Credit Performance by Vintage

Continue to expect marginal ROEs exceeding 20% for all annual vintages

Expected Personal Loans Lifetime Net Loss Rate 1,3

1,3 Expected Personal Loans Lifetime Net Loss Rate

▪ Continued improvement in expected lifetime losses
▪ 2025 vintage still maturing and contains significant qualitative overlay

Total allowance for loan losses in 2022, 2023, 2024 and 2025 is $177M, comprised of gross allowance of $206M for future estimated charge-offs on existing portfolio balances, net of $29M of estimated recoveries on previously charged-off loans

1. Estimates at 12/31/25 reflect current loss forecast expectations, including qualitative loss estimates; future results could differ materially from estimates, including impacts from economic outlook
2. Future provision estimate primarily reflects ongoing recognition of provision expense for discounted lifetime losses at origination (using discounted CECL methodology)
3. There may be differences between the sum of the quarterly results due to rounding.

More than Quadrupled Diluted EPS Year-over-Year

Expanding profitability and increasing book value per share

Pre-Provision Diluted EPS

Net Revenue (PPNR)

($ in millions)

+31%

$103.5 $97.2 $74.3
4Q24 3Q25 4Q25

Provision for

Credit Losses Income before income tax expense Income Tax Expense

+338%

$0.37 $0.35

$0.08

4Q24 3Q25 4Q25

GAAP Net Income ($ in millions) Book Value Per Common Share Tangible Book Value 1 Per Common Share Return on Average Equity Return on Tangible Common Equity

on our use of non-GAAP financial measures and a reconciliation of such measures to the nearest GAAP measures.

1. Pre-Provision Net Revenue, Tangible Book Value per Common Share and Return on Tangible Common Equity are non-GAAP financial measures. Please see pages 2, 24, 25, and 26 for additional information

First Quarter and Full Year 2026 Guidance

Outlook Context

▪ Assumes a stable economic operating environment and Fed funds rate near 3% at year-end
▪ Continued investments in paid marketing to drive originations growth
▪ Move to fair value option for all loans starting January 1, 2026

Understanding

Fair Value Option

Simplifying Our Financials

Aligning on Fair Value Option Makes Sense for a Digital Marketplace Bank

Benefits of Fair Value Option

1. Better aligns timing of revenue recognition with timing of losses
2. Creates consistency of marketplace and bank financials

Cumulative Timing of Earnings Recognition

CECL vs. FVO

We have elected
Fair Value Option for
all newly-originated loans
beginning January 2026

For the same loans, Fair Value Option generates a +50% higher return on invested capital

CECL vs. Fair Value Option: 2026 P&L Impacts

Under Fair Value Option, credit cost moves from provision to non-interest income

Revenue declines

1. The discount rate is the market required return for each loan type

Four Key Inputs for Fair Value Option Accounting

All fair value adjustments will directly impact the carrying value of loans

DAY 1: MARK

Fair value adjustment at the time of origination reflects reflects the difference between the expected loan yield relative to the discount rate¹

DAY 2: REVENUE YIELD

= DISCOUNT RATE

Interest income is offset by fair value adjustments (including net charge-offs) in Non-interest income, resulting in a revenue yield equal to the discount rate

OTHER

CHANGES TO DISCOUNT RATE As benchmark rates and spreads move in any given period, the loan portfolio will be marked (via a fair value adjustment) to reflect the new discount rate; the portfolio revenue yield will then reflect the new discount rate

CHANGES TO EXPECTED
CASH FLOWS If there are changes to expected future cash flows, the portfolio’s fair value will be adjusted to reflect the new cash flow estimates

1 Understanding Fair Value Option (illustrative for a single hypothetical loan vintage)

Day-2 revenue yield should equal the discount rate throughout the life of the loan

Key Drivers | | --- | --- | | Origination fee | 5.0% | | Loan Coupon | 12.0% | | Discount Rate | 7.3% | | Duration | 1.5 |

Day-1 Impact = reflects the difference between the expected loan yield relative to the discount rate
Day-2 Impact = (Discount Rate 7.3% - Interest Rate 12%) x Avg. Carrying Value

3. Revenue Yield = Discount Rate

4. Illustration assumes other factors remain constant (i.e. constant discount rate with no changes to expected cash flows); changes in either of these items will result in additional fair value adjustments and corresponding changes in carrying value

1. Day-1 Mark: Fair value adjustment at the time of origination reflects the difference between the expected loan yield relative to the discount rate

For illustrative purposes, we have assumed a constant discount rate; actual changes to the discount rate will result in changes in revenue and portfolio fair value adjustments

2. Day-2: Revenue Yield = Discount Rate: Interest income is offset by fair value adjustments (including net charge-offs) in Non-interest income, resulting in a revenue yield equal to the discount rate

Fair Value Adjustment: Historical View

The following table illustrates the Day-1 fair value & other adjustments and the Day-2 component of total fair value adjustment with respect to loans held for sale at fair value on the Company's balance sheet for each of the three months ended December 31, 2025 and September 30, 2025.

Note that interest income is offset by the Day-2 fair value adjustments in Non-interest income, resulting in a revenue yield equal to the discount rate.

Financial

Reconciliations

Reconciliation of GAAP to Non-GAAP Measures: 1 Pre-Provision Net Revenue

Pre-Provision Net Revenue 1

For the three months ended

For the three months ended

Reconciliation of GAAP to Non-GAAP Measures: 1 Tangible Book Value Per Common Share

Tangible Book Value Per Common Share 1

Reconciliation of GAAP to Non-GAAP Measures: 1 Return On Tangible Common Equity

Return On Tangible Common Equity 1

LendingClub