LendingClub Shares Rise 23% Amid Q2 Earnings Beat, Other Stocks Move in Pre-Market Trading

LendingClub Corporation reported a 156% increase in net income, beating previous year's growth by 32%. The company's Q2 revenue and net income growth outperformed the previous year by 33% and 32%, respectively. LendingClub shares surged 23.2% to $16.20 in pre-market trading. Other stocks moving in pre-market trading include Fundamental Global Inc., Replimune Group, Safe and Green Development Corporation, and STAK Inc.

LendingClub Corporation (NYSE: LC) reported robust financial results for the second quarter of 2025, with a 156% increase in net income, significantly outperforming the previous year's growth. The company's revenue and net income grew by 33% and 32%, respectively, compared to the same quarter last year.

Key financial highlights include:
- Revenue: $248 million, up 33% year-over-year.
- Net Income: $38 million, up 156% compared to the same quarter last year.
- Loan Originations: $2.4 billion, a 32% increase year-over-year.
- Net Interest Income: $154 million, up 20% year-over-year.
- Non-Interest Income: $94 million, up 60% year-over-year.
- Net Interest Margin: Improved to 6.1%.
- Non-Interest Expense: $155 million, up 17% year-over-year.
- Pre-Provision Net Revenue: $94 million, up 70% year-over-year.
- Provision for Credit Losses: $40 million, compared to $36 million in the same quarter last year.
- Net Charge-Off Ratio: Improved to 3% from 6.2% in the same quarter last year.
- Return on Tangible Common Equity (ROTCE): Nearly 12%.
- Diluted EPS: $0.33 per share.
- Tangible Book Value per Share: $11.53.

LendingClub Corp's stock experienced a 25.10% surge in after-hours trading on Tuesday, following the release of its second-quarter financial results. The stock reached $16.40 in after-hours trading, up from $13.11 at the close of regular trading hours.

The company extended its Forward Flow Agreement with Blue Owl for up to $3.4 billion of new originations and successfully closed its first transaction with BlackRock through its Fitch-rated Structured Certificates program. Additionally, LendingClub introduced LevelUp Checking, offering cashback rewards for on-time loan payments, which has led to a sixfold increase in daily checking account openings.

However, the company faced increased marketing expenses, which rose by 26% compared to the prior year, impacting overall expenses. The net charge-off ratio for the held-for-investment loan portfolio is expected to rise modestly as more recent vintages season, and the company anticipates some seasonal headwinds to origination volumes in the fourth quarter.

Scott Sanborn, CEO, expressed confidence in LendingClub's competitive position, citing the company's diverse product offerings and robust infrastructure.

References:
[1] https://ca.finance.yahoo.com/news/lendingclub-corp-lc-q2-2025-071850882.html
[2] https://www.benzinga.com/markets/equities/25/07/46712503/lendingclub-stock-soars-25-on-strong-financial-report-ceo-announces-partnership-extension-with-blue-owl