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Live Oak Bancshares

Stock Price

$37.9

2024-04-20

Market Capitalization

$1.7 B

2024-04-20

Revenue

$111.7 M

FY, 2023

Live Oak Bancshares Summary

Company Summary

Overview
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
Status
Active
Founded
2008
HQ
Wilmington, NC, US | view all locations
Website
https://www.liveoakbank.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Neil Underwood

    Neil Underwood, President: Live Oak Bancshares

    • Huntley Garriott

      Huntley Garriott, President

      • Steve Smits

        Steve Smits, Chief Credit Officer

        • Brett Caines

          Brett Caines, CFO

          Operating MetricsView all

          Non-accrual Loans

          $21.9M
          69.4%

          Q2, 2017

          Total Loans

          $1.1B
          57.1%

          Q2, 2017

          LocationsView all

          1 location detected

          • Wilmington, NC HQ

            United States

            1741 Tiburon Dr

          Live Oak Bancshares Financials

          Summary Financials

          Revenue (FY, 2023)
          $111.7M
          Net income (FY, 2023)
          $73.9M
          Cash (FY, 2023)
          $582.5M
          Enterprise value
          $1.2B

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