LendingClub Corporation (NYSE: LC) reported record Q3 2025 results on Oct 22 2025, delivering net income of $44.3 million and diluted earnings per share of $0.37—an increase of 16% year‑over‑year. Total net revenue rose to $266.2 million, up 32% from $248.4 million in Q3 2024, while loan originations climbed 37% to $2.62 billion. Net interest income reached $154.3 million, and marketplace revenue surged 75% to $108 million, reflecting stronger loan‑sale pricing and improved credit performance.
The company highlighted the impact of its LevelUp Checking product, which drove a seven‑fold increase in new account openings and contributed to higher loan issuance through the app. Deposits totaled $9.39 billion, a modest decline from the prior year, largely offset by a $100 million reduction in brokered deposits. Credit metrics remained solid, with a net charge‑off ratio of 2.9% and a provision for credit losses of $46.3 million.
For Q4 2025, LendingClub guided loan originations of $2.5 billion to $2.6 billion, pre‑provision net revenue of $90 million to $100 million, and a return on tangible common equity of 10% to 11.5%. The guidance reflects continued momentum in both the marketplace and balance‑sheet segments, supported by robust investor demand for its structured certificate and whole‑loan programs. The company also reaffirmed its capital‑efficiency strategy, maintaining a Tier 1 capital ratio above 18% and a leverage ratio of 12.3%.
These results underscore LendingClub’s successful dual‑revenue model, combining capital‑light marketplace sales with recurring net‑interest income from its growing balance sheet. The strong earnings beat, coupled with upward guidance and a resilient deposit base, enhances investor confidence in the company’s ability to sustain profitability and fund future growth initiatives. The Q3 performance reaffirms LendingClub’s competitive positioning as a digitally driven marketplace bank with superior credit underwriting and a diversified funding ecosystem.
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