LendingClub Posts FY2025 Net Revenue of $999 Million as Originations Climb 33% to $9.6 Billion

LendingClub, the San Francisco-based marketplace lender, reported total net revenue of $999 million for the full year, a 27 per cent increase on the prior period.

Loan originations for 2025 reached $9.6 billion, rising 33 per cent year on year. Net income for the full year reached $136 million, more than doubling from the $51 million reported in 2024, with earnings per diluted share rising to $1.16 from $0.45 in the prior year.

MARGIN AND CREDIT QUALITY

Fourth-quarter net interest margin widened to 5.98 per cent from 5.42 per cent a year earlier.

LendingClub reported that its credit outcomes were more than 40 per cent better than those of peer lenders. Its core borrower base tends to comprise higher-income individuals using personal loans mainly to refinance higher-rate credit card debt.

BANK CHARTER

LendingClub became a bank holding company in February 2021, when it acquired Radius Bancorp and its national bank charter. Management has indicated that deepening the banking relationship with members — encouraging them to hold deposits, use investment accounts, and access other financial services through the LendingClub platform — is central to its long-term strategy.