Live Oak Bancshares

Live Oak Bancshares, Inc. is a bank holding company operating through its subsidiary, Live Oak Banking Company. The Bank predominately originates loans to small businesses and professionals with what the Company believes are lower risk characteristics. Live Oak has developed and continues to refine a technology-based platform to facilitate providing financial services to the small business community on a national scale and has leveraged this technology to optimize the Bank's loan origination process, customer experience, reporting metrics, and servicing activity. The Bank services customers efficiently throughout the loan process and monitors their performance by means of the technology-based platform, which eliminates the need to maintain traditional branch locations.

Company Growth (employees)
Type
Public
HQ
Wilmington, US
Founded
2008
Size (employees)
400 (est)+23%
Live Oak Bancshares was founded in 2008 and is headquartered in Wilmington, US

Live Oak Bancshares Office Locations

Live Oak Bancshares has an office in Wilmington
Wilmington, US (HQ)
1741 Tiburon Dr

Live Oak Bancshares Data and Metrics

Live Oak Bancshares Financial Metrics

Live Oak Bancshares's revenue was reported to be $46.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

46.2 m

Gross profit (Q1, 2017)

41.4 m

Gross profit margin (Q1, 2017), %

90%

Net income (Q1, 2017)

6.1 m

EBIT (Q1, 2017)

15.6 m

Market capitalization (18-Aug-2017)

754.7 m

Cash (31-Mar-2017)

158.9 m
Live Oak Bancshares's current market capitalization is $754.7 m.
USDFY, 2015FY, 2016

Revenue

118.8 m150.8 m

Revenue growth, %

27%

Cost of goods sold

8.9 m14.6 m

Gross profit

109.9 m136.2 m

Gross profit Margin, %

93%90%

Sales and marketing expense

40.3 m63 m

General and administrative expense

5.6 m6.8 m

Operating expense total

45.9 m69.8 m

EBIT

25.6 m30.1 m

EBIT margin, %

22%20%

Pre tax profit

34.4 m17.2 m

Income tax expense

13.8 m3.4 m

Net Income

20.6 m13.8 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

25.8 m26.8 m33.8 m32.8 m41 m46.2 m

Cost of goods sold

2.2 m2.4 m2.7 m3.5 m3.9 m4.8 m

Gross profit

23.6 m24.4 m31.1 m29.3 m37.1 m41.4 m

Gross profit Margin, %

91%91%92%89%90%90%

Sales and marketing expense

9.3 m9.9 m13 m15.4 m17.5 m18.7 m

General and administrative expense

1.1 m1.3 m1.7 m1.6 m1.7 m2.3 m

EBIT

5.4 m5.4 m7.3 m6.5 m7.8 m15.6 m

EBIT margin, %

21%20%22%20%19%34%

Pre tax profit

6.7 m5.1 m8 m680 k6 m6.9 m

Net Income

12 m14.9 m4.7 m4.8 m8.3 m6.1 m
USDFY, 2015FY, 2016

Cash

102.6 m238 m

PP&E

62.7 m64.7 m

Total Assets

1.1 b1.8 b

Accounts Payable

1.9 b

Total Liabilities

1.5 b

Common Stock

137.5 m150 m

Retained Earnings

12.1 m23.5 m

Total Equity

199.5 m222.8 m

Financial Leverage

5.3 x7.9 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

131.5 m129.9 m226.6 m175.5 m355.5 m158.9 m

PP&E

57.3 m62.6 m61.8 m61.1 m60.6 m101.4 m

Total Assets

899.4 m1 b1.3 b1.4 b1.7 b1.9 b

Accounts Payable

727.3 m762.6 m1 b1.1 b1.4 b1.6 b

Common Stock

49.1 m136.9 m138.2 m141.2 m145.3 m147.9 m

Retained Earnings

4.2 m7.1 m16.1 m15.9 m18.7 m28.9 m

Total Equity

103.4 m194.1 m204.4 m207.4 m214.2 m226.2 m

Financial Leverage

8.7 x5.2 x6.2 x6.7 x7.8 x8.5 x
USDFY, 2015FY, 2016

Net Income

20.6 m13.8 m

Depreciation and Amortization

3.4 m4.3 m

Accounts Receivable

(82.4 k)

Accounts Payable

(1.7 m)

Cash From Operating Activities

(334.7 m)(222 m)

Cash From Financing Activities

347.8 m677.4 m

Interest Paid

8.8 m14.5 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

12 m14.9 m4.7 m4.8 m8.3 m6.1 m

Depreciation and Amortization

1 m1.9 m1.1 m2.1 m3.2 m1.7 m

Cash From Operating Activities

(178.3 m)(265.7 m)(93.9 m)(170.4 m)(174.5 m)(107.7 m)

Cash From Investing Activities

70.2 m8.2 m(91.2 m)(168.7 m)(133.1 m)

Cash From Financing Activities

209.7 m319.8 m209.6 m334.5 m596 m161.7 m

Interest Paid

4.2 m6.5 m2.7 m6.2 m10.1 m4.8 m
USDY, 2017

Revenue/Employee

141.2 k

Financial Leverage

8.5 x

Live Oak Bancshares Market Value History

Traffic Overview of Live Oak Bancshares

Live Oak Bancshares Online and Social Media Presence

Live Oak Bancshares Company Life and Culture

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