LendingClub (LC) investor relations material

Executive summary

• Loan originations grew 37% year-over-year to $2.6 billion in Q3 2025, with total net revenue up 32% to $266.2 million and diluted EPS nearly tripling to $0.37.

• Pre-provision net revenue rose 58% to $104 million, and net income surged 206% year-over-year to $44.3 million.

• Strong demand from consumers and investors, with innovative products and a 5 million member base.

• Outperformed competitors on credit by roughly 37–40%, with disciplined underwriting and a resilient $11 billion balance sheet.

• Secured a memorandum of understanding with BlackRock for up to $1 billion in marketplace loan purchases through 2026.

Financial highlights

• Net interest margin expanded to 6.18% from 5.63% year-over-year, and efficiency ratio improved to 61% from 68%.

• Net interest income hit a record $158 million, and non-interest income increased 75% to $108 million.

• Book value per share rose to $12.68, and tangible book value per share to $11.95.

• Net charge-off ratio for Q3 2025 was 2.9%, and provision for credit losses was $46.3 million, down 3% year-over-year.

• Total assets were $11.1 billion, and deposits reached $9.4 billion, with 88% FDIC-insured.

Outlook and guidance

• Q4 2025 originations expected at $2.5–$2.6 billion, with pre-provision net revenue guidance of $90–$100 million and ROTCE expected between 10% and 11.5%.

• Guidance assumes two interest rate cuts in Q4 and increased marketing investment.

• Capital expenditures for 2025 expected to be $155 million, mainly for a new office building and digital platform investments.

• Management expects sufficient liquidity for the next twelve months and beyond.