LendingClub approves $100 million stock buyback program through 2026

LendingClub Corporation (NYSE: LC) announced that its Board of Directors approved a program to repurchase and acquire up to $100 million of the company's common stock through December 31, 2026.

The announcement was made ahead of the company's Investor Day in New York. The program includes both open market purchases of LendingClub common stock and the holdback of vesting restricted stock units.

"LendingClub has transformed its business and financial profile since becoming a bank holding company in 2021 and delivered record pre-tax net income in the third quarter of 2025," said Scott Sanborn, Chief Executive Officer of LendingClub.

The timing and volume of shares acquired through the program will be discretionary and depend on LendingClub's stock price, business and market conditions, and other factors, according to the company's statement.

LendingClub Corporation is the parent company of LendingClub Bank, National Association, Member FDIC. The company operates as a digital marketplace bank providing lending and financial services to consumers.

The stock repurchase program includes the anticipated fair market value of shares acquired by holding back portions of vesting restricted stock units held by employees to satisfy tax withholding obligations.

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