LendingClub stock tumbled 22% in premarket trading Wednesday after the lender issued soft Q1 guidance and turned in Q4 earnings that came in slightly lower than the consensus estimate as loan originations also didn't meet the consensus.

The online lending platform expects Q1 loan originations of $1.8B-$1.9B, less than the Visible Alpha consensus of $2.01B. Q1 preprovision net revenue is expected to be $60M-$70M, vs. $74.3M in Q4 2024.

For the last quarter of 2025, the company expects loan originations exceeding $2.3B (Visible Alpha estimate $2.37B) vs. $1.85B in Q4 2024 and return on tangible common equity of more than 8%, from 3.1% in Q4 2024.

LendingClub (NYSE:LC) CEO Scott Sanborn said the company is "well-positioned to accelerate as we move through 2025 and further grow originations, revenue, and return on equity while continuing to innovate for our members."

Q4 GAAP EPS of $0.08, missing the average analyst estimate of $0.09, fell from $0.13 in Q3 and $0.09 in Q4 2023.

Q4 total net revenue of $217.2M, topping the $206.5M consensus, increased from $201.9M in the previous quarter and $185.6M in the year-ago period.

Total loan originations dipped to $1.85B from $1.91B in Q3 and increased from $1.63B in Q4 2023. That fell short of the Visible Alpha estimate of $1.89B.

Preprovision net revenue of $74.3M grew from $65.5M in the prior quarter and $55.6M a year ago.

Net interest income of $142.4M, beating the $141.2M Visible Alpha consensus, rose from $140.2M in Q3 and $128.5M in Q4 2023.

Provision for credit losses of $63.2M, exceeding the $52.8M Visible Alpha estimate, swelled from $47.5M in the prior quarter and $41.9M a year ago.

Total deposits of $9.07B at Dec. 31, 2024, dropped from $9.69B at Sept. 30, and increased from $8.30B at Dec. 31, 2023.