Lendingclub Corp Stock Price, News & Analysis

LendingClub (NYSE:LC) reported strong Q2 2025 results with significant growth across key metrics. The company achieved $2.4 billion in loan originations (+32% YoY) and total net revenue of $248.4 million (+33% YoY). Net income surged to $38.2 million, a 156% increase from the prior year, resulting in diluted EPS of $0.33.

Notable achievements include a loan funding partnership extension with Blue Owl worth up to $3.4 billion, credit outperformance exceeding competitors by 40%, and the launch of LevelUp Checking. The company maintained strong financial health with $10.8 billion in total assets (+12% YoY), $9.1 billion in deposits (+13% YoY), and robust capital ratios including a 12.2% Tier 1 leverage ratio.

LendingClub (NYSE: LC) has renewed its forward flow agreement with Blue Owl Capital managed funds for up to $3.4 billion in Structured Loan Certificate (SLCLC) transactions over two years. The initial phase includes transactions worth up to $600 million in the first three months, followed by quarterly purchases.

This renewal builds upon their existing partnership, which has already executed $2.4 billion worth of transactions through the SLCLC program. The program, launched in April 2023, has facilitated nearly $6 billion in loan sales and provides a streamlined investment process without requiring external financing for loan buyers.

LendingClub (NYSE:LC), America's leading digital marketplace bank, has scheduled its Q2 2025 earnings release and conference call for July 29, 2025. The company will release results after market close and host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Stakeholders can submit questions via email to ir@lendingclub.com before 12:00 p.m. Pacific Time on July 28, 2025. The call will be accessible through a live webcast and dial-in options, with replay available until August 5, 2025.

LendingClub (NYSE: LC) has launched LevelUp Checking, a new digital-first checking account offering cash back rewards for smart financial decisions. The account provides 1% unlimited cash back on debit card purchases for gas, grocery, and pharmacy purchases, plus 2% cash back on monthly personal loan payments when made on time. Key features include 1.00% APY on balances over $2,500, no account fees, unlimited ATM rebates, and early paycheck access. The product is exclusively available to LendingClub members with direct deposit enrollment. This initiative responds to consumer preferences, as a recent survey showed 31% of consumers prioritize rewards/cash back over interest rates (29%) when choosing financial products, with 42% reporting increased credit card spending on food and groceries due to higher living costs.

LendingClub has acquired Cushion, an AI-powered spending intelligence platform, to enhance its mobile financial products. Cushion's technology helps track bills, manage subscriptions, build credit, and monitor BNPL loans. The platform previously served over one million consumers and raised $21 million in funding.

The acquisition follows LendingClub's purchase of Tally in Q4 2024 and will expand their ability to provide visibility into consumer financial obligations. Cushion's founder, Paul Kesserwani, joins LendingClub as Senior Director of Product, leading Digital Engagement.

This strategic move aims to complement LendingClub's DebtIQ experience, helping their five million members manage debt and spending more effectively, particularly relevant as credit card balances and interest rates reach historic highs.

LendingClub reported strong Q1 2025 results, marking significant growth with a 21% increase in originations to $2.0 billion and 20% revenue growth to $217.7 million year-over-year. The company achieved a major milestone by exceeding $100 billion in lifetime originations.

Key highlights include improved marketplace loan sales pricing for the fifth straight quarter and enhanced credit performance with consumer portfolio net charge-off rate improving to 4.7% from 8.1%. Total assets grew 13% to $10.5 billion, while deposits increased 18% to $8.9 billion.

Notable achievements include:

• Launch of first rated Structured Certificates transaction ($100M)
• Enhanced TopUp feature for refinancing competitor loans
• Acquisition of Cushion's AI platform
• Purchase of San Francisco headquarters

The company maintains strong financial health with 11.7% Tier 1 leverage ratio and 17.8% CET1 capital ratio. For Q2 2025, LendingClub projects loan originations of $2.1B to $2.3B.

LendingClub (NYSE: LC) has announced the purchase of a 233,887 square foot property at 88 Kearny Street in San Francisco for $74.5 million, which will serve as its new headquarters starting Spring 2026. The company will occupy 100,000 square feet, with the remaining space available for existing and new tenants.

The acquisition comes at a time of historically low San Francisco commercial real estate prices, purchased at a fraction of pre-pandemic costs. The transaction, funded entirely through the bank's balance sheet, is expected to close in Q2 2025 and is not anticipated to materially impact financial performance.

Over one-third of LendingClub's 1,000+ employees are based in San Francisco. The company plans to leverage its bank balance sheet for capital and funding efficiency, with the purchase being economically comparable to leasing space in the San Francisco market, while offering potential upside as property values recover.

LendingClub (NYSE: LC), the parent company of LendingClub Bank, has scheduled its first quarter 2025 earnings release and conference call. The company will announce its Q1 2025 financial results after market closes on Tuesday, April 29, 2025, followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Stakeholders can submit questions via email to ir@lendingclub.com before 12:00 p.m. PDT on April 28, 2025. The live webcast will be available at the company's investor relations website, with dial-in options available for participants. An audio replay will be accessible until May 6, 2025.

LendingClub (NYSE: LC) has secured an investment grade rating from Fitch Ratings for a $100 million Structured Loan Certificates (SLCLC) program transaction, with participation from a top global insurance company. The SLCLC program has shown significant growth since its April 2023 launch, surpassing $4 billion in total originations as of December 31, 2024.

The rated transaction expands LendingClub's SLCLC program, which attracts private credit funds through its built-in financing, seamless investment experience, and return profile. The transaction will trade over-the-counter with a CUSIP and DTCC clearing. LendingClub has demonstrated expertise in rated transactions, having issued nearly $4 billion in rated transactions since 2016 through its CLUB and CLRT programs.