LendingClub Reports First Quarter 2025 Results
Grew Originations +21%, Revenue +20%, and Total Assets +13% in First Quarter Compared to Prior Year Exceeded $100 Billion in Lifetime Originations SAN FRANCISCO , April 29, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced financial results for the first quarter ended March 31, 2025. "We're off to a great start for 2025, growing total net revenue and originations more than 20% year over year to cross $100 billion in lifetime originations," said Scott Sanborn, LendingClub CEO.
LendingClub: Cheap For A Reason Or A Mispriced FinTech?
LendingClub is one of the oldest publicly traded FinTechs around, with a banking charter to boot, lowering deposit costs in comparison to its FinTech peers. The company and its peers have seen significant volatility since the COVID and stimulus years, with the macro and rate environment looking equally unpredictable today. LendingClub is trading at 0.86x book value, but at a rather meagre 2.9% ROE in the last quarter, with unimpressive growth in originations and stiff competition in the lending space.
LendingClub Agrees to Purchase Headquarters Property in San Francisco to Support Growth, Reinforcing Bay Area Commitment
SAN FRANCISCO , April 17, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today announced it has entered into a definitive agreement to acquire a 233,887 square foot property located at 88 Kearny Street in San Francisco for $74.5 million. The property, which will serve as the company's headquarters beginning in Spring 2026, leverages the bank's balance sheet to purchase an attractive asset that has the potential to appreciate in value over time.
LendingClub Schedules First Quarter 2025 Earnings Release and Conference Call
SAN FRANCISCO , April 7, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, announced that it will report earnings for the first quarter of 2025 after market closes on Tuesday, April 29, 2025. LendingClub will host a conference call to discuss the first quarter 2025 financial results at 2:00 p.m.
Down 75% From 2021 Highs, History Says This Fintech Could Rocket Again
Financial stocks are particularly interesting right now. In the span of just five years, the sector has been battered by the COVID-19 downturn, rising interest rates, and the bankruptcies of several regional banks.
LendingClub: Lowering 2026 Estimates And Reiterating Buy
LendingClub reported solid 4Q24 earnings, but guidance came in below expectations, causing the stock to sell off after earnings. Management recently announced it received an investment grade rating on the senior note of its structured certificates, enabling the company to sell these notes to insurance companies. Selling the senior notes to insurance companies should lead to better pricing on loan sales.
Compared to Estimates, LendingClub (LC) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for LendingClub (LC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
LendingClub Secures Investment Grade Rating from Fitch on $100 Million Structured Loan Certificates (SLCLC) Transaction with a Top Global Insurance Company
SAN FRANCISCO , Feb. 13, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America's leading digital marketplace bank, today closed on a $100 million LendingClub Structured Loan Certificates (SLCLC) program transaction where it secured an investment grade rating from Fitch Ratings, Inc. (Fitch) on the series notes and gained participation from a top global insurance company. "Securing an investment grade rating from Fitch for our first rated SLCLC series speaks to our credit stewardship and commitment to strong returns for our loan investors," said Scott Sanborn, LendingClub CEO.
This Fintech Sold Off Hard After Earnings, But It's Primed For A Big 2025
Popular market analyst Tom Lee of Fundstrat recently called the financial sector his favorite investment for 2025.
LendingClub: Remaining Bullish After Mixed Update
LendingClub's stock fell 20% post-earnings due to mixed results and guidance, presenting a buying opportunity for long-term investors. Despite concerns over loan origination growth, LC focuses on high credit quality and prudent growth, aiming for >$2.3 billion in 2025. Valuation remains low, and if 2025 guidance is conservative, the stock could see significant upside, currently trading at ~1.2x book value.
LendingClub: Not The Destination
LendingClub disappointed the market with conservative guidance for 2025. The fintech's potential remains high, with plans to double loan originations over time and expand into new investment products, including a rated structured certificate program. LC stock is attractive at less than 10x peak earnings potential, but patience is required for full growth realization.
LendingClub (LC) is a Great Momentum Stock: Should You Buy?
Does LendingClub (LC) have what it takes to be a top stock pick for momentum investors? Let's find out.
