LendingClub Corporation

LendingClub Corporation (LC) reported strong FY 2025 results with total net revenue of $998.8M, driven by $625.7M net interest income and $373.2M non-interest income. Marketplace revenue contributed $355.9M, while total interest income reached $961.5M from loans held for sale ($142.9M), loans held for investment ($490.1M + $72.8M), securities ($223.8M), and other sources. Interest expense was $335.9M, primarily on $9.83B deposits. After $191.3M provision for credit losses and $630.6M non-interest expenses (led by $241.8M compensation and $149.2M marketing), income before tax was $176.9M, yielding net income of $135.7M or $1 basic/diluted EPS on 114.6M/117.2M shares. Balance sheet grew to $11.57B assets, with $4.00B net loans held for investment, $1.76B loans held for sale, and $3.71B securities. Deposits expanded to $9.83B, supporting $1.50B equity. Cash flows showed -$2.73B operating (due to $3.27B loan sales increase), offset by $1.93B investing and $747.8M financing, netting -$47M change. This profitability milestone signals LendingClub's transition to a sustainable banking model with robust liquidity.

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