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.

Type
Public
HQ
Wilmington, US
Founded
2008
Size (employees)
400 (est)
Live Oak Bancshares was founded in 2008 and is headquartered in Wilmington, US
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Live Oak Bancshares Office Locations

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

Live Oak Bancshares Financials

Live Oak Bancshares's revenue was reported to be $150.81 m in FY, 2016 which is a 27% increase from the previous period.
USD

Revenue (Q1, 2018)

65.8 m

Gross profit (Q1, 2018)

55.2 m

Gross profit margin (Q1, 2018), %

84%

Net income (Q1, 2018)

12.5 m

EBIT (Q1, 2018)

24.5 m

Market capitalization (22-Jun-2018)

1.2 b

Closing share price (22-Jun-2018)

30.3

Cash (31-Mar-2018)

528 m
Live Oak Bancshares's current market capitalization is $1.2 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

118.8 m150.8 m

Revenue growth, %

27%

Cost of goods sold

8.9 m14.6 m25.4 m

Gross profit

109.9 m136.2 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

25.8 m26.8 m33.8 m32.8 m41 m46.2 m51 m65.8 m

Cost of goods sold

2.2 m2.4 m2.7 m3.5 m3.9 m4.8 m6 m10.5 m

Gross profit

23.6 m24.4 m31.1 m29.3 m37.1 m41.4 m45.1 m55.2 m

Gross profit Margin, %

91%91%92%89%90%90%88%84%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

102.6 m238 m295.3 m

PP&E

62.7 m64.7 m178.8 m

Total Assets

1.1 b1.8 b2.8 b

Accounts Payable

1.9 b2.3 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

131.5 m129.9 m226.6 m175.5 m355.5 m158.9 m207.4 m528 m

PP&E

57.3 m62.6 m61.8 m61.1 m60.6 m101.4 m125 m216.8 m

Total Assets

899.4 m1 b1.3 b1.4 b1.7 b1.9 b2.2 b3.5 b

Accounts Payable

727.3 m762.6 m1 b1.1 b1.4 b1.6 b1.9 b3 b
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

20.6 m13.8 m100.5 m

Depreciation and Amortization

3.4 m4.3 m10.3 m

Accounts Payable

(1.7 m)

Cash From Operating Activities

(334.7 m)(222 m)(287.5 m)
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

12 m14.9 m4.7 m4.8 m8.3 m6.1 m15.9 m12.5 m

Depreciation and Amortization

1 m1.9 m1.1 m2.1 m3.2 m1.7 m4.1 m3.8 m

Cash From Operating Activities

(178.3 m)(265.7 m)(93.9 m)(170.4 m)(174.5 m)(107.7 m)(182.5 m)(36.1 m)

Cash From Investing Activities

70.2 m8.2 m(91.2 m)(168.7 m)(133.1 m)(263.6 m)(420.6 m)
USDY, 2018

Financial Leverage

7.7 x
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Live Oak Bancshares Operating Metrics

Live Oak Bancshares's Total Loans was reported to be $1.1b in Q2, 2017.
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Live Oak Bancshares Online and Social Media Presence

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Live Oak Bancshares News and Updates

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