"Under his leadership party membership doubled and number of MPs increased by 50%", he said.
He said he should have dealt "more wisely" with questions relating to his faith during the election campaign, including his views on gay sex and insisted he had taken the decision to step down voluntarily and retained the support of his party.
This breaking news story is being updated as more information emerges - please refresh the page for the most recent version. "In which case we are kidding ourselves if we think we yet live in a tolerant, liberal society". Sometimes my answers could have been wiser.
He said he had been torn between his religion and serving as a political leader, and found himself to be "the subject of suspicion" because of his religious views.
In his statement, he said the continued questions over his faith showed "we are kidding ourselves" if people in Britain thought they were living in a tolerant liberal society.
The front bench resignation came soon after the party announced it would be holding elections for a deputy leader.
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Farron had said his party would not support either May's Conservatives or the opposition Labour Party in forming a government after last week's election left no outright victor.
Farron stresses he does not believe Christians should "impose the tenets of faith on society", saying that view was "not liberal and it is counterproductive when it comes to advancing the gospel".
"I'm a liberal to my finger tips, and that liberalism means that I am passionate about defending the rights and liberties of people who believe different things to me", he said.
Farron, party leader since July 2015, said he was stepping down because it was "impossible" for him to reconcile his faith with the liberal leanings of his party.
In general the party failed to win enough seats and in Cornwall it slipped back into third place in many constituencies behind Labour. Among possible replacements are Vince Cable and Jo Swinson, both former ministers who have reclaimed their former seats.
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