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 |
WILMINGTON, N.C., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported fourth quarter of 2024 net income attributable to the Company of $9.9 million, or $0.22 per diluted share. Net income attributable to the Company for the year ended December 31, 2024, totaled $77.5 million, or $1.69 per diluted share. Live Oak's performance in 2024, includes these notable items: Record year of $5.16 billion of loan production accompanied by strong deposit growth of $1.49 billion, total assets grew by 14.8% to $12.94 billion9% growth in revenue and 3% reduction in noninterest expenses generated 38% growth in pre-provision net revenue1Increa
WILMINGTON, N.C., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) today announced that it will report its fourth quarter 2024 financial results after U.S. financial markets close on Wednesday, January 22, 2025. 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 23, 2025, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 33467. 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., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Sunbound Inc., a provider of automated financial operations solutions for the senior housing industry. Sunbound leverages best in class technology to optimize financial operations, so senior housing communities can concentrate on delivering exceptional residential care while improving their financial profile and operational efficiency. "Our team understands the challenges of operating in the senior housing market. Sunbound is offering an important, next-generation financial operating system that helps businesses navigate those challenges,"
New Partnership to Fuel Financial Innovations, Delivering Flexible Solutions to Operators and Families WASHINGTON, Dec. 4, 2024 /PRNewswire/ -- Sunbound, a leader in finance solutions for senior living, announced an investment from Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares, to fuel innovations that support operators and families. This partnership strengthens Sunbound's mission of enhancing financial stability for senior living operators, enabling them to streamline their financial processes and focus on resident care and family satisfaction. Senior li
Warrior Expands Access to Capital for Veteran-Owned Businesses Through Alliances with Parlay and Live Oak Bank and Acquisition of Launch Plan™ SALT LAKE CITY, Nov. 12, 2024 /PRNewswire/ -- Warrior Rising, a national 501c3 non-profit organization dedicated to empowering U.S. military veterans and their families through entrepreneurship, today announced it has established a relationship with Parlay Finance and Live Oak Bank to increase capital access and support for veteran-owned small businesses across the nation. With a shared commitment to empowering veteran entrepreneurs, this collaboration aims to help businesses led by veterans and military spouses thrive through education, coaching, men
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
8-K - 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)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
8-K - Live Oak Bancshares, Inc. (0001462120) (Filer)
S-8 - Live Oak Bancshares, Inc. (0001462120) (Filer)
10-Q - Live Oak Bancshares, Inc. (0001462120) (Filer)
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
WILMINGTON, N.C., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) ("Live Oak" or "the Company") today reported fourth quarter of 2024 net income attributable to the Company of $9.9 million, or $0.22 per diluted share. Net income attributable to the Company for the year ended December 31, 2024, totaled $77.5 million, or $1.69 per diluted share. Live Oak's performance in 2024, includes these notable items: Record year of $5.16 billion of loan production accompanied by strong deposit growth of $1.49 billion, total assets grew by 14.8% to $12.94 billion9% growth in revenue and 3% reduction in noninterest expenses generated 38% growth in pre-provision net revenue1Increa
WILMINGTON, N.C., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE:LOB) today announced that it will report its fourth quarter 2024 financial results after U.S. financial markets close on Wednesday, January 22, 2025. 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 23, 2025, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 33467. 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., 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
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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
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