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Investing.com -- LendingClub Corporation (NYSE:LC) reported second-quarter earnings that significantly exceeded analyst expectations, driving shares up 15.6% as investors cheered the digital marketplace bank’s strong performance.
The company posted adjusted earnings per share of $0.33 for the quarter ended June 30, 2025, more than doubling the analyst consensus estimate of $0.16. Revenue surged to $248.4 million, beating the $227.5 million expected by analysts and representing a 33% increase YoY.
LendingClub’s loan originations grew 32% YoY to $2.4 billion, fueled by successful product and marketing initiatives. The company’s strong revenue growth combined with credit outperformance resulted in net income of $38.2 million, compared to $14.9 million in the same quarter last year.
"We had an exceptional quarter with year-over-year originations and revenue growth of 32% and 33%, respectively," said Scott Sanborn, LendingClub CEO. "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."
The company’s net interest margin improved to 6.14% from 5.75% a year earlier, while total assets increased 12% to $10.8 billion. Deposits grew 13% YoY to $9.1 billion, with 86% being FDIC-insured.
For the third quarter of 2025, LendingClub expects loan originations between $2.5 billion and $2.6 billion, with pre-provision net revenue of $90 million to $100 million. The company also forecasts return on tangible common equity of 10% to 11.5%.
During the quarter, LendingClub extended a funding partnership with Blue Owl for structured certificates totaling up to $3.4 billion over two years and launched LevelUp Checking, which offers cash back for on-time loan payments.
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