LendingClub: Lowering Price Target But Reiterating Buy
LendingClub delivered solid 1Q25 results, beating revenue estimates but missing EPS due to higher-than-expected credit provisioning, resulting from the ongoing tariff saga. Despite some broader concerns about a looming recession/stagflation, the capital markets appear to be on solid footing. I am lowering earnings estimates, but still expect strong EPS growth this year and in 2026.
LendingClub: Already Pricing In Major Economic Weakness
LendingClub Corporation beat Q1 '25 revenue estimates, but extra provision charges for potential macroeconomic weakness led to a slight EPS miss. The fintech plans to grow loan originations, aiming for up to $2.3 billion in Q2, with the potential to double quarterly originations based on TAM growth. LC stock, trading at $10, is undervalued trading below TBV and at only 7x '26 EPS targets.
Compared to Estimates, LendingClub (LC) Q1 Earnings: A Look at Key Metrics
The headline numbers for LendingClub (LC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
LendingClub Corporation (LC) Q1 2025 Earnings Call Transcript
LendingClub Corporation (NYSE:LC ) Q1 2025 Earnings Conference Call April 29, 2025 5:00 PM ET Company Participants Artem Nalivayko - Head, Investor Relations Scott Sanborn - Chief Executive Officer Drew LaBenne - Chief Financial Officer Conference Call Participants Bill Ryan - Seaport Research Partners Giuliano Bologna - Compass Point Vincent Caintic - BTIG Tim Switzer - KBW Crispin Love - Piper Sandler Operator Good afternoon. Thank you for attending today's LendingClub First Quarter '25 Earnings Conference Call.
LendingClub (LC) Q1 Earnings Meet Estimates
LendingClub (LC) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago.
LendingClub Acquires AI-Powered Spending Intelligence Platform
Cushion's technology to complement and enhance LendingClub's suite of mobile financial products and experiences SAN FRANCISCO , April 29, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), America's leading digital marketplace bank, today announced the acquisition of intellectual property and select talent behind Cushion, an AI-powered spending intelligence platform, providing a natural complement to LendingClub's suite of mobile financial products and experiences. Cushion's AI-powered technology ingests users' bank transactions and purchase information to help them track their bills, make on-time payments, manage subscriptions, build credit, and monitor buy now, pay later (BNPL) loans.
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.
