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Lendingclub Corp. (LC)
NYSE:LC
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum: robust originations growth (+40% Q4, +33% FY), improved revenue mix (marketplace +36%, noninterest income +38%), rising net interest income (+14%) and significantly higher ROTCE (~12%). Credit performance remains a clear strength with net charge‑offs improving ~80 bps YoY. Management is investing heavily in marketing, product expansion (home improvement, purchase finance), AI, and a rebrand, and is transitioning accounting to fair value which should improve long‑term returns but will introduce near‑term P&L volatility (Q1 fair value adjustments expected ~2x Q4). Expense increases and accounting transition effects create a temporary headwind to efficiency and short‑term comparability, but the balance of evidence — growth, profitability, strong credit, deposit and balance‑sheet traction, and clear investor communications — points to a constructive outlook. Overall, highlights outweigh lowlights.Company Guidance
Strong Originations Growth
Q4 originations grew 40% year‑over‑year to $2.6B; full year 2025 originations grew 33% to nearly $10B. Guidance for 2026 originations of $11.6B–$12.6B (up 21%–31% YoY) and Q1 2026 guide of $2.55B–$2.65B (28%–33% YoY).
Revenue and Marketplace Momentum
Marketplace revenue increased 36% YoY. Noninterest income rose 38% to $103M driven by higher marketplace volumes and improved loan sale pricing.
Net Interest Income and Margin Expansion
Net interest income hit an all‑time high of $163M, up 14% YoY. Net interest margin was 6.0%, up 56 basis points versus prior year (adjusted NIM would be ~17 bps higher if cash balances were flat).
Material Profitability Improvement
Return on tangible common equity (ROTCE) more than tripled to ~12% in the quarter (11.9% reported), above guidance. Full‑year ROTCE was 10.2%. Q4 diluted EPS was $0.35; full‑year diluted EPS was $1.16; FY2026 EPS guidance $1.65–$1.80 (up ~42%–55% YoY).
Best‑in‑Class Credit Performance
Company reported 40%–50% better credit performance versus competitive set. Net charge‑off ratio improved, down ~80 bps YoY; provision for credit losses was $47M in Q4. CECL lifetime loss expectations stable or improving across vintages.
Balance Sheet and Deposit Growth
Total assets grew to $11.6B (up 9% YoY). Deposits ended the quarter at $9.8B, up 8% YoY. Held‑for‑sale extended seasoning portfolio grew to $1.8B; nearly $500M retained in held‑for‑investment.
New Products, Distribution and Partnerships
Launched a rated structured certificate for insurance capital and initiated a direct forward flow with a top US insurer (in addition to BlackRock and BlueOwl). Entering home improvement financing with acquired technology, leadership hires and first distribution partnership, on track for midyear launch.
Customer Engagement and Deposit Product Traction
LevelUp Savings and LevelUp Checking growing double‑digits. LevelUp Savings drives 20%–30% more logins vs legacy product. Personal loan borrowers are >15% of new accounts; 60% of new checking accounts are from personal loan borrowers and 84% of those say they're more likely to consider a LendingClub loan.
Capital Return & Shareholder Actions
Announced $100M repurchase & acquisition program; deployed ~ $12M in Q4 at an average price of $17.65. Company emphasizes continued deployment of excess capital.
LC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $19.57 | $16.44 | -15.99% |
Oct 22, 2025 | $16.52 | $18.25 | +10.47% |
Jul 29, 2025 | $13.11 | $15.89 | +21.21% |
Apr 29, 2025 | $11.01 | $9.77 | -11.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lendingclub Corp. (LC) report earnings?
Lendingclub Corp. (LC) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Lendingclub Corp. (LC) earnings time?
Lendingclub Corp. (LC) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LC EPS forecast?
LC EPS forecast for the fiscal quarter 2026 (Q1) is 0.37.