Lendingclub Corp. (LC)
NYSE:LC
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.42Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: double-digit revenue and origination growth, record pretax earnings, improving credit metrics, substantial automation gains, new product launches (home improvement) and active capital deployment. Lowlights were primarily related to accounting transitions (fair value marks), higher near-term expenses for marketing and rebrand, and macro/rate uncertainty that reduce some expected tailwinds. On balance, the positive execution, profitability gains, and growth initiatives significantly outweighed the accounting- and investment-related headwinds.Company Guidance
Strong Origination Growth
Loan originations increased 31% year-over-year to $2.7 billion in Q1 2026, coming in above the high end of guidance and reflecting broad consumer business strength.
Record Profitability
Company delivered record pretax earnings of $67 million and a pretax profit margin of 27%; diluted EPS of $0.44 more than quadrupled year-over-year and exceeded guidance.
Improved Return Metrics and Book Value
Return on tangible common equity reached 14.5% and tangible book value per share increased to $12.49, demonstrating stronger capital returns and book value expansion.
Net Interest Income and NIM Expansion
Net interest income rose 18% year-over-year to an all-time high of $176 million; net interest margin expanded sequentially to 6.3% (up 30 basis points quarter-over-quarter) driven by lower funding costs and accounting alignment.
Large Risk-Adjusted Revenue Gain
Risk-adjusted revenue (revenue less provision) grew 58% year-over-year to $252 million, reflecting revenue growth combined with materially lower credit provisions under fair value accounting.
Credit Performance and Charge-Off Improvement
Net charge-off ratio for the total held-for-investment portfolio improved to 3.5% from 6.1% year-over-year; provision for credit losses was less than $1 million in Q1, aided by the move to fair value accounting and strong vintage performance.
Balance Sheet and Deposit Growth
Total assets grew 14% year-over-year to $11.9 billion and total deposits rose 14% to $10.2 billion, supporting recurring revenue through retained loans and providing funding flexibility.
Marketplace Demand and Loan Sales Strength
Marketplace remained oversubscribed with ability to sell more loans than generated; average loan sale prices improved in 8 of the last 9 quarters, and marketplace sales increased modestly from Q4 to Q1.
Product and Channel Momentum
Major purchase finance delivered a third consecutive quarter of record issuance; new home improvement vertical launched with Wisetack (addressable market ~$0.5 trillion) and inbound partner interest; checking account openings increased 6x vs prior product, with 60% coming from borrowers.
AI and Automation Efficiency Gains
Over 90% of loan issuance is now fully automated; debt consolidation application time reduced by nearly 60%; record low production cost per issued personal loan reported, highlighting tangible AI-driven efficiencies.
Share Repurchase and Capital Actions
Company utilized $38 million of the announced $100 million repurchase program in Q1 and reduced average diluted share count by ~1.5 million shares, reflecting active capital deployment.
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 |
|---|---|---|---|
Apr 27, 2026 | $17.18 | $16.87 | -1.80% |
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% |
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 Jul 29, 2026, After Close (Confirmed).
What is Lendingclub Corp. (LC) earnings time?
Lendingclub Corp. (LC) earnings time is at Jul 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 (Q2) is 0.42.