Lendingclub

Q1 FY2026 EarningsQ2 2026 net revenue rose 6% YoY to $262.9M, while net income surged 52% YoY to $58.1M with a diluted EPS of $0.50. Performance was primarily driven by a 29% YoY increase in loan originations to $3.1B and the strategic election of the fair value option (FVO) for new originations. Net interest income grew 16% YoY to $179.0M, supported by a $10.9M provision benefit due to robust credit performance and accounting shifts. Non-interest expense increased 28% YoY to $198.1M, largely reflecting upfront marketing costs required under FVO accounting.