LendingClub Corporation (LC) Earnings
LendingClub Corporation is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.42. LC has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +40.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | $0.38 | $0.44 | +15.8% | $252M | +1.3% |
| Jan 28, 2026 | $0.34 | $0.35 | +2.9% | $354M | +42.1% |
| Oct 22, 2025 | $0.30 | $0.37 | +21.9% | $350M | +36.4% |
| Jul 29, 2025 | $0.15 | $0.33 | +120.0% | $331M | +27.9% |
| Jan 28, 2025 | $0.09 | $0.11 | +22.2% | $217M | +5.2% |
| Oct 23, 2024 | $0.07 | $0.13 | +85.7% | $62M | -70.0% |
| Apr 30, 2024 | $0.03 | $0.11 | +244.9% | $310M | +78.2% |
| Jan 30, 2024 | $0.01 | $0.09 | +508.1% | $316M | +73.5% |
| Oct 25, 2023 | $0.04 | $0.05 | +35.5% | $198M | +0.3% |
| Jul 26, 2023 | $0.04 | $0.09 | +113.2% | $230M | +1.2% |
| Jan 25, 2023 | $0.20 | $0.19 | -5.0% | $258M | -0.2% |
| Oct 26, 2022 | $0.33 | $0.36 | +9.1% | $300M | +1.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 27, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- 2026 started well with 31% year - on - year growth in originations, record pre - tax earnings and return on tangible common equity. - Expanding into new home improvement vertical, leveraging AI for efficiency and customer experience improvement. - Introducing rebrand to Happen Bank, centered around 'the motivated middle' customers. - Major purchase finance delivered third consecutive quarter of record issuance. - Home improvement loans started underwriting and issuing through partnership with wisetac. - Lending and banking products work together to deliver value to members. - Over 90% of loan issuance is fully automated, reducing time to submit debt consolidation application by nearly 60% and achieving record low production cost per issued personal loan.
Guidance
- Maintained full - year guidance with originations expected to be $11.6 to $12.6 billion and diluted EPS $1.65 to $1.80. - Q2 2026 expected loan originations $3.0 to $3.1 billion, representing 23% to 27% year - over - year growth. - Q2 2026 expected diluted earnings per share $0.40 to $0.45. - Assumption of no Fed cuts for remainder of the year which is a headwind to revenue but offset by solid unit economics.
Segment performance
In Q1 2026, Lending Club delivered 31% year - on - year growth in originations to $2.7 billion. Record pre - tax earnings were $67 million and return on tangible common equity was 14.5%. Interest income increased 18% to $176 million, an all - time high. Non - interest income was $76 million, up 12% year over year but down sequentially due to the move to fair value option. Net interest margin expanded to 6.3%, up 30 basis points over the prior quarter. Provision for credit losses was less than $1 million. Total assets grew to $11.9 billion, and deposits ended the quarter at $10.2 billion, up 14% year over year.
Risks & headwinds
- Broader environment uncertainty. - Impact of interest rate changes on revenue and fair value adjustments. - Uncertainty around new capital rules and their potential impact on capital levels.
Analyst Q&A
Q: When do you plan to get back to your historical peak originations levels?
A: Expect to get beyond historical peak, with medium - term target of 20 billion in annual originations as laid out in Investor Day materials.
Q: Any additional insights beyond home improvement in product roadmap?
A: Live in home improvement, still work to be done on product front there, and mortgage and HELOC could be next logical steps after home improvement is up and running.
Q: Any appetite for acquisitions this year or next?
A: Always looking to accelerate roadmap, staying disciplined on price, and transactions like Mosaic, Cushion AI, Tally have been executed in the past