Based on the search results, I can provide you with the latest news about LendingClub as of May 7, 2025.
LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, released their first quarter 2025 financial results on April 29, 2025[2][3]. The company reported strong performance for Q1 2025, including:
– 21% growth in originations compared to the prior year[2][3]
– 20% increase in revenue compared to the prior year[2][3]
– 13% growth in total assets compared to the prior year[2][3]
– Achievement of $100 billion in lifetime originations, a significant milestone for the company[2][3]
CEO Scott Sanborn commented on the results, stating: “We’re off to a great start for 2025, growing total net revenue and originations more than 20% year over year to cross $100 billion in lifetime originations. We’ll continue to build on that momentum with additional investments in marketing to further originations growth while maintaining strong credit discipline and innovating on member products and experiences.”[2][3]
Additional highlights from their Q1 2025 results include:
– Achieving $2.0 billion in origination volume[3]
– Improved marketplace loan sales pricing for the fifth consecutive quarter[3]
– Improved consumer held-for-investment portfolio net charge-off rate to 4.7%, compared to 8.1% in the prior year[3]
– Closing their first rated Structured Certificates transaction for $100 million with a major insurance company[3]
– Enhancement of their TopUp feature to enable refinancing of competitor’s loans[3]
– Acquisition of the intellectual property and select talent behind Cushion, an AI-powered spending intelligence platform[3]
The earnings call for these results was held on April 29, 2025, and an audio replay was available until May 6, 2025[4]. No newer announcements or press releases from LendingClub have been reported since the Q1 2025 earnings release on April 29, 2025.