Digital lender Upstart saw loan originations jump 50% as it prepares to launch its bank. The company reported earnings Tuesday (Aug. 5) showing revenues of $365 million, a 42% increase over the same quarter in 2025. Loan originations came to $4.2 billion, with Upstart originating a record 558,000. The earnings follow Upstart’s announcement last month that it had received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a bank called Upstart Bank, N.A. Andrea Blankmeyer, Upstart’s chief financial officer, said the lender expects to “pretty quickly move the bulk to all of our originations through to Upstart Bank from the current partners that we’re originating with today.”