After a horrendous first half of the year for online lenders LendingClub Corp LC 11.2% and On Deck Capital Inc ONDK 5.47%, one of the two stocks may finally be showing some signs of life. On Deck shares are surging 15 percent in Tuesday’s session after the company reported Q2 earnings of -$0.20 on revenue of $69.5 billion, beating consensus expectations of -$0.27/$67.65 billion.

LendingClub, on the other hand, is down another 3.7 percent on Tuesday after the company reported Q2 EPS of -$0.09 on revenue of $102.39 billion, well short of consensus estimates of -$0.01/$108.03 billion.

To make matters worse, LendingClub CFO Carrie Dolan announced she is stepping down, a move that adds to the market perception that the company lacks direction.

After seven consecutive quarters of at least 86 percent year-over-year revenue growth, LendingClub’s revenue grew just 7 percent in Q2, a huge dropoff. On Deck delivered 10 percent revenue growth on the quarter.

The most telling metric in Q2 for the two companies may have been loan origination. LendingClub reported…

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