Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to new funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
IPO Year: 2022
Exchange: NASDAQ
Website: liveoakbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/5/2023 | $40.00 | Neutral → Overweight | JP Morgan |
| 4/28/2023 | $25.00 → $26.50 | Underweight → Neutral | JP Morgan |
| 2/27/2023 | Mkt Perform | Raymond James | |
| 12/13/2022 | $34.00 → $30.00 | Neutral → Underweight | JP Morgan |
| 7/7/2022 | Outperform → Mkt Perform | Raymond James | |
| 7/1/2022 | $58.00 → $41.00 | Overweight → Neutral | JP Morgan |
| 2/17/2022 | $75.00 → $85.00 | Overweight | JP Morgan |
| 1/27/2022 | $100.00 → $80.00 | Outperform | Raymond James |
| 11/1/2021 | $80.00 → $100.00 | Outperform | Raymond James |
| 10/29/2021 | $70.00 → $95.00 | Neutral → Overweight | JP Morgan |
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
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8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
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10-Q - Live Oak Bancshares, Inc. (0001462120) (Filer)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
10-Q - Live Oak Bancshares, Inc. (0001462120) (Filer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
3 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
4 - Live Oak Bancshares, Inc. (0001462120) (Issuer)
WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share. "Live Oak delivered historic production levels this quarter as our teams continue to put capital into the hands of business owners across the country," said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. "We believe our business momentum is in an exciting place and our conservative approach to growth is driving positive operating leverage, revenue, and deeper customer relationships." Third Quarter 2024 Key Measures (Dollars in thousands, except per
WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks. "Live Oak's entrepreneurial environment is fertile ground for new and exciting companies like Synply to enter the fintech landscape," said Stephanie Mann, Live Oak Bank Chief Strategy Officer. "After incubating the Synply platform at Live Oak, we are excited to see the company level the playing field for all banks to compete in the syndicated loan space." Synply offers banks a simplified tool to centralize the entire process
WILMINGTON, N.C., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its third quarter 2024 financial results after U.S. financial markets close on Wednesday, October 23, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, October 24, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 04478. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details a
WILMINGTON, N.C., July 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported second quarter of 2024 net income of $27.0 million, or $0.59 per diluted share. "Live Oak delivered a solid quarter with growth in loans, deposits and revenue as we continue our mission to serve small businesses across the country," said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. "The strength of our portfolio is due to the quality of the entrepreneurs we serve. Our focus on credit strength, specialized industries and deep expertise continues to demonstrate the power of our franchise, and we are confident in the long-term oppor
WILMINGTON, N.C., July 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its second quarter 2024 financial results after U.S. financial markets close on Wednesday, July 24, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, July 25, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 54806566. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call detai
WILMINGTON, N.C., June 27, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today that its Board of Directors has appointed Michael J. Cairns as Chief Credit Officer, effective August 1, 2024. Cairns will serve as CCO for both Live Oak Bancshares and Live Oak Bank and succeeds Steven J. Smits who has served in the position for 9 years. Smits is taking on a new role as head of commercial banking. "Steve's work and leadership have contributed greatly to Live Oak's impeccable credit culture. Michael has been at his side for years, creating the perfect hand off for Steve to help us expand our commercial banking efforts while keeping safety and soundness a priority for the bank," said Ja
WILMINGTON, N.C., June 03, 2024 (GLOBE NEWSWIRE) -- Live Oak Bank has announced its first embedded banking partnership with Anatomy Financial Inc., an AI-powered financial automation solution for medical, dental, digital health, and healthcare billing companies. Live Oak's novel approach is the first of its kind, enabling software companies such as Anatomy to directly deliver Live Oak banking products and services to customers. The result is a collaboration where customers will receive best-in-class banking services conveniently embedded in the software they use the most. While these accounts are held at and serviced by Live Oak Bank, the product is exclusively available for customers on
WILMINGTON, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported first quarter of 2024 net income of $16.5 million, or $0.36 per diluted share. "The Live Oak model continued to prove its fortitude in the first quarter as our teams marched ahead to steadily grow both sides of the balance sheet and delivered exceptional service to our customers," said Live Oak Chairman and CEO James S. (Chip) Mahan III. "In a challenging environment for our industry, I remain bullish on our dedication to America's small business owners and believe that our passion around innovation, efficiency and expertise will continue to shine a light
WILMINGTON, N.C., April 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its first quarter 2024 financial results after U.S. financial markets close on Wednesday, April 24, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, April 25, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 50185213. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details a
WILMINGTON, N.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Anatomy Financial, an AI-powered financial automation solution for medical, dental, digital health, and healthcare billing companies. "Live Oak is excited to invest in companies such as Anatomy Financial that solve hard problems for small business owners," said Stephanie Mann, Live Oak Bank Chief Strategy Officer. "As a bank that understands the difficulty and importance of bank account reconciliation, we see the extraordinary value Anatomy is providing healthcare companies by streamlining their operational efficiency and providing meanin
JP Morgan upgraded Live Oak Bancshares from Neutral to Overweight and set a new price target of $40.00
JP Morgan upgraded Live Oak Bancshares from Underweight to Neutral and set a new price target of $26.50 from $25.00 previously
Raymond James resumed coverage of Live Oak Bancshares with a rating of Mkt Perform
JP Morgan downgraded Live Oak Bancshares from Neutral to Underweight and set a new price target of $30.00 from $34.00 previously
Raymond James downgraded Live Oak Bancshares from Outperform to Mkt Perform
JP Morgan downgraded Live Oak Bancshares from Overweight to Neutral and set a new price target of $41.00 from $58.00 previously
JP Morgan reiterated coverage of Live Oak Bancshares with a rating of Overweight and set a new price target of $85.00 from $75.00 previously
Raymond James reiterated coverage of Live Oak Bancshares with a rating of Outperform and set a new price target of $80.00 from $100.00 previously
Raymond James reiterated coverage of Live Oak Bancshares with a rating of Outperform and set a new price target of $100.00 from $80.00 previously
JP Morgan upgraded Live Oak Bancshares from Neutral to Overweight and set a new price target of $95.00 from $70.00 previously
WILMINGTON, N.C., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced the appointment of Yousef A. Valine to its board of directors effective September 15, 2022. Valine has also been appointed to the board of directors of Live Oak Bank. "We are very pleased to welcome Yousef to our board of directors," said Live Oak Bancshares Chairman and CEO James S. (Chip) Mahan III. "He brings exceptional perspective and depth of experience in financial services and will be a valuable addition as Live Oak continues on its mission to be America's small business bank." Valine has more than 37 years of broad experience in financial services, including 24 years at Wachovia and 13 years as Fi
WILMINGTON, N.C., July 20, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced the appointment of Casey S. Crawford to its board of directors effective today. Crawford has also been appointed to the board of directors of Live Oak Bank. "We are very pleased to welcome Casey to our board of directors," said Live Oak Bancshares Chairman and CEO James S. (Chip) Mahan III. "His depth of executive experience, including lending expertise, will be an excellent addition to our board as Live Oak Bank continues on its mission to be America's small business bank." Crawford is Co-Founder and Chief Executive Officer of Movement Mortgage, a top 10 national retail mortgage lender. He is also the chai
WILMINGTON, N.C., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today the appointment of David G. Lucht to its board of directors effective immediately. Lucht has also been appointed to the board of directors of Live Oak Bank. “David has been part of the heart and soul of Live Oak since its earliest days,” said Live Oak Chairman and CEO James S. (Chip) Mahan, III. “We are thrilled to have him join the board and continue leading the organization with the incredible level of dedication and acumen that has helped get us where we are today.” Lucht is a founding member of the Live Oak Bank team and most recently served as executive vice president of credit before retiring in
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Live Oak Bancshares (NYSE:LOB) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.48 by 22.92 percent. This is a 51.28 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $125.479 million which beat the analyst consensus estimate of $120.120 million by 4.46 percent. This is a 15.69 percent increase over sales of $108.458 million the same period last year.
Truist Securities analyst Brandon King maintains Live Oak Bancshares (NYSE:LOB) with a Buy and lowers the price target from $40 to $38.
During the last three months, 4 analysts shared their evaluations of Live Oak Bancshares (NYSE:LOB), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 2 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $42.5, a high estimate of $47.00, and a low estimate of $38.00. This current average has decreased by
JP Morgan analyst Steven Alexopoulos maintains Live Oak Bancshares (NYSE:LOB) with a Overweight and lowers the price target from $46 to $45.
JPMorgan analyst Steven Alexopoulos has identified seven bank stocks poised for significant growth in the current market landscape. He’s referred to these picks as “our ‘Magnificent Seven'”. JPMorgan’s Magnificent Seven Bank Stock Picks Alexopoulos’ picks from among mid- and small-cap banks, and his views (summarized) on them are as follows: First Citizens BancShares Inc (Delaware) Class A (NASDAQ:FCNCA): Despite a challenging VC environment in 1Q24, First Citizens’ acquisition of SVB has stabilized deposit balances and increased new deposits, indicating potential growth in the future. The bank’s asset-sensitive balance sheet could benefit from potential Fed rate cuts, leading to s
In the preceding three months, 4 analysts have released ratings for Live Oak Bancshares (NYSE:LOB), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 1 0 0 Last 30D 1 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $43.0, a high estimate of $47.00, and a low estimate of $38.00. A 8.99% drop is e
Truist Securities analyst Brandon King maintains Live Oak Bancshares (NYSE:LOB) with a Buy and lowers the price target from $47 to $38.
Keefe, Bruyette & Woods analyst Timothy Switzer reiterates Live Oak Bancshares (NYSE:LOB) with a Market Perform and lowers the price target from $45 to $40.
Live Oak Bancshares (NYSE:LOB) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.45 by 20 percent. This is a 3500 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $116.208 million which missed the analyst consensus estimate of $116.660 million by 0.39 percent. This is a 14.38 percent increase over sales of $101.596 million the same period last year.
WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share. "Live Oak delivered historic production levels this quarter as our teams continue to put capital into the hands of business owners across the country," said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. "We believe our business momentum is in an exciting place and our conservative approach to growth is driving positive operating leverage, revenue, and deeper customer relationships." Third Quarter 2024 Key Measures (Dollars in thousands, except per
WILMINGTON, N.C., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its third quarter 2024 financial results after U.S. financial markets close on Wednesday, October 23, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, October 24, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 04478. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details a
WILMINGTON, N.C., July 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported second quarter of 2024 net income of $27.0 million, or $0.59 per diluted share. "Live Oak delivered a solid quarter with growth in loans, deposits and revenue as we continue our mission to serve small businesses across the country," said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. "The strength of our portfolio is due to the quality of the entrepreneurs we serve. Our focus on credit strength, specialized industries and deep expertise continues to demonstrate the power of our franchise, and we are confident in the long-term oppor
WILMINGTON, N.C., July 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its second quarter 2024 financial results after U.S. financial markets close on Wednesday, July 24, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, July 25, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 54806566. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call detai
WILMINGTON, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported first quarter of 2024 net income of $16.5 million, or $0.36 per diluted share. "The Live Oak model continued to prove its fortitude in the first quarter as our teams marched ahead to steadily grow both sides of the balance sheet and delivered exceptional service to our customers," said Live Oak Chairman and CEO James S. (Chip) Mahan III. "In a challenging environment for our industry, I remain bullish on our dedication to America's small business owners and believe that our passion around innovation, efficiency and expertise will continue to shine a light
WILMINGTON, N.C., April 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its first quarter 2024 financial results after U.S. financial markets close on Wednesday, April 24, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, April 25, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 50185213. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details a
WILMINGTON, N.C., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported fourth quarter of 2023 net income of $16.2 million, or $0.36 per diluted share. Net income for the year ended December 31, 2023, totaled $73.9 million, or $1.64 per diluted share. "Live Oak Bank spent 2023 doing what we do best -- growing loans, deposits, and revenue in our mission to support small business owners, our employees and our shareholders," said Live Oak Chairman and CEO James S. (Chip) Mahan III. "When looking back at 2023, it is clear that our customers and our model were extraordinarily resilient. We are proud to serve America's small bu
WILMINGTON, N.C., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its fourth quarter 2023 financial results after U.S. financial markets close on Wednesday, January 24, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, January 25, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 19103652. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call detai
WILMINGTON, N.C., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported third quarter of 2023 net income of $39.8 million, or $0.88 per diluted share. "The success of our quarter shows that Live Oak Bank remains on a path of sustainable and sound growth to fulfill our mission to be America's small business bank," said Live Oak Chairman and CEO James S. (Chip) Mahan III. "Our products continue to be delivered with a focus on high-touch service, and our branchless technology-driven platform is an efficient way to get capital into the hands of small business owners." Third Quarter 2023 Key Measures (Dollars in thousands, exc
WILMINGTON, N.C., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE:LOB) today announced that it will report its third quarter 2023 financial results after U.S. financial markets close on Wednesday, October 25, 2023. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, October 26, 2023, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 73371580. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call detail