LendingClub Announces $100 Million Common Stock Repurchase and Acquisition Program
Rhea-AI Summary
LendingClub (NYSE: LC) on Nov 5, 2025 said its Board approved a program to repurchase and acquire up to $100 million of common stock through Dec 31, 2026. The program may use open-market purchases or retain vesting restricted stock units; timing and volume are discretionary and depend on stock price, business and market conditions.
The company noted it became a bank holding company in 2021 and delivered record pre-tax net income in Q3 2025. Management framed the program as reflecting a strong balance sheet, confidence in long-term earnings power, and disciplined capital allocation aimed at enhancing shareholder value.
Positive
- $100M authorized share repurchase through Dec 31, 2026
- Record pre-tax net income reported in Q3 2025
- Board authorization signals capital-return focus and balance-sheet confidence
Negative
- Repurchase timing and volume discretionary, not committed
- Execution depends on market and business conditions, could remain unused
News Market Reaction 3 Alerts
On the day this news was published, LC gained 7.83%, reflecting a notable positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $159M to the company's valuation, bringing the market cap to $2.19B at that time.
Data tracked by StockTitan Argus on the day of publication.
"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. "This stock repurchase and acquisition program reflects the strength of our balance sheet, confidence in our long-term earnings power, and a disciplined approach to capital allocation. Given our outlook and multiple growth opportunities ahead, we view this program as another prudent and value-enhancing measure for our shareholders."
The timing and volume of shares acquired through the stock repurchase and acquisition program (whether through open market purchases of LendingClub common stock or the hold back of vesting restricted stock units) are discretionary and will depend on LendingClub's stock price, business and market conditions, and other factors.
About LendingClub
LendingClub is reimagining what a bank can be by building our business around a simple belief: when our members win, we win. Leveraging innovative technology and engaging mobile-first experiences, our integrated suite of financial products helps people keep more of what they earn and earn more on what they save. Our 5+ million members love us for providing quick and easy access to affordable credit and rewarding their smart financial choices, like making on-time payments, saving regularly, and taking control of debt.
Getting credit right is a key driver of our success. Our advanced underwriting models are informed by over 150 billion cells of proprietary data, derived from tens of millions of repayment events across economic cycles. Our leading credit expertise combined with our resilient bank foundation, capital-light loan marketplace, decades of lending experience, and talented team have enabled us to deliver lasting value to members, loan investors, and shareholders alike. And we're just getting started.
LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. For more information about LendingClub, visit https://www.lendingclub.com.
Safe Harbor Statement
Some of the statements in this press release, including statements regarding our financial profile and growth opportunities, and the timing, volume and methodology of shares acquired through the stock repurchase and acquisition program, are "forward-looking statements." The words "will", "expect", "anticipate", and similar expressions may identify forward-looking statements, although not all forward-looking statements may contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: our stock price performance (including as of the date of future restricted stock unit vesting events), our capital position, macroeconomic conditions, opportunities or reasons to utilize and/or preserve our capital, and those factors set forth in the section titled "Risk Factors" in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in our subsequent filings with the Securities and Exchange Commission. We may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
LendingClub Contacts
For Investors: IR@lendingclub.com
Media Contact: Press@lendingclub.com
1 The stock repurchase and acquisition program is inclusive of the anticipated fair market value of shares of LendingClub common stock acquired by holding back a portion of vesting restricted stock units held by employees to satisfy applicable tax withholding obligations.
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SOURCE LendingClub Corporation
FAQ
What did LendingClub (LC) announce on November 5, 2025?
How will LendingClub (LC) execute the $100M repurchase program?
Does the LendingClub (LC) buyback start immediately and have fixed pacing?
What financial result did LendingClub (LC) cite alongside the buyback announcement?
When does the LendingClub (LC) repurchase program expire?
