LendingClub: Out Growing This Valuation

LendingClub delivered a strong Q1'26, beating financial targets but maintaining full-year guidance. The digital banks EPS surged to $0.44, driven by a shift to fair value accounting, though underlying credit costs remain steady. The company targets $12.1B in 2026 loan originations and sees a path to double originations over time, starting with entering the $500B home improvement market in Q2.