LendingClub Q2: Originations +32%, Revenue +33%, Net Income +156% YoY.

• LendingClub Q2 originations up 32% YoY • Revenue up 33% YoY to $38mln • Net income up 156% YoY • Announced $3.4bln loan funding partnership extension with Blue Owl

LendingClub Corporation (NYSE: LC) announced its financial results for the second quarter ended June 30, 2025, demonstrating robust growth across key performance metrics. The company reported a 32% increase in loan originations to $2.4 billion, a 33% rise in total net revenue to $248.4 million, and a 156% year-over-year (YoY) increase in net income to $38.2 million [1].

Scott Sanborn, CEO of LendingClub, highlighted the company's exceptional quarter, noting, "We had an exceptional quarter with year-over-year originations and revenue growth of 32% and 33%, respectively. Strong revenue growth combined with credit outperformance resulted in $38 million of net income, delivering double-digit ROTCE in excess of our target and ahead of schedule" [2].

Key highlights from the Q2 2025 results include:

- Originations Growth: Loan originations grew by 32% to $2.4 billion, compared to $1.8 billion in the prior year.
- Revenue Growth: Total net revenue increased by 33% to $248.4 million, up from $187.2 million in the prior year.
- Net Income Growth: Net income surged by 156% to $38.2 million, compared to $14.9 million in the prior year.
- Funding Partnership Extension: LendingClub announced an extension of its loan funding partnership with Blue Owl, totaling up to $3.4 billion over two years.

The company also extended its funding partnership with Blue Owl for structured certificates, totaling up to $3.4 billion over two years. Additionally, LendingClub closed its first transaction with funds and accounts managed by BlackRock, leveraging its Fitch-rated Structured Certificates program.

The financial performance was supported by improved credit outperformance, higher net interest income, and lower deposit funding costs. The company's pre-provision net revenue (PPNR) increased by 70% to $93.7 million, and the return on tangible common equity (ROTCE) was 11.8%, reflecting the company's ability to generate income from its core assets.

LendingClub's balance sheet also showed significant growth, with total assets increasing by 12% to $10.8 billion and deposits rising by 13% to $9.1 billion. The company maintained a robust liquidity position with $3.8 billion in available liquidity and a strong capital position with a consolidated Tier 1 leverage ratio of 12.2% and a CET1 capital ratio of 17.5%.

The company's financial outlook for the third quarter of 2025 projects loan originations between $2.5 billion and $2.6 billion, with pre-provision net revenue (PPNR) expected to be between $90 million and $100 million, and ROTCE projected to be between 10% and 11.5%.

References:
[1] Seeking Alpha. (2025). LendingClub GAAP EPS of $0.33 beats by $0.18; Revenue of $248.4M beats by $20.97M. Retrieved from https://seekingalpha.com/news/4473780-lendingclub-gaap-eps-of-0_33-beats-by-0_18-revenue-of-248_4m-beats-by-20_97m
[2] PR Newswire. (2025). LendingClub Reports Second Quarter 2025 Results. Retrieved from https://www.prnewswire.com/news-releases/lendingclub-reports-second-quarter-2025-results-302516359.html