LendingClub(US:LC)2025-04-30 00:16Financial Performance - Total originations reached $2 billion, a 21% year-over-year increase, including $675 million in held-for-investment loans[27] - Pre-Provision Net Revenue (PPNR) was $738 million, up 52% year-over-year, driven by higher net interest income and non-interest income[27] - Net Interest Income increased by 22% year-over-year due to higher average interest-earning assets and lower deposit funding costs[39] - Risk-Adjusted Revenue increased by 7% year-over-year, partially offset by higher Day-1 credit provision on retained loans and additional qualitative reserves[39] - Net income was $117 million, with diluted EPS of $011[49] Balance Sheet and Efficiency - Average interest-earning assets grew by 18% year-over-year, with a net interest margin of 6%[41] - The average cost of interest-bearing deposits was 391%[26,41] - The efficiency ratio was 661%, reflecting disciplined expense management and higher marketing investment[44] Loan Portfolio and Credit Quality - The company has originated over $100 billion in loans to over 5 million members[8,28] - Total outstanding revolving consumer credit in the US is $132 trillion, with average credit card interest rates at 2137%[11] - LevelUp Savings accounts have attracted over $19 billion in deposits since August 2024[20] Guidance - The company expects total originations of $21 billion to $23 billion for Q2 2025, a 16% to 27% year-over-year increase[36,57] - The company expects Pre-Provision Net Revenue (PPNR) of $70 million to $80 million for Q2 2025, a 27% to 46% year-over-year increase[57]