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.

TypePublic
HQWilmington, US
Founded2008
Size (employees)400 (est)
Websiteliveoakbank.com
Live Oak Bancshares was founded in 2008 and is headquartered in Wilmington, US
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Key People/Management at Live Oak Bancshares

Neil Underwood

Neil Underwood

President: Live Oak Bancshares
Huntley Garriott

Huntley Garriott

President: Live Oak Bank
Scott Custer

Scott Custer

Executive Vice President, Strategy
Thomas A. Hill

Thomas A. Hill

Chief Information Officer
Pete Underwood

Pete Underwood

Chief Technology Officer
Steve Smits

Steve Smits

Chief Credit Officer
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Live Oak Bancshares Office Locations

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

Live Oak Bancshares Revenue

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Live Oak Bancshares's revenue was reported to be $276.39 m in FY, 2017
USD

Revenue (Q2, 2018)

71.6m

Gross profit (Q2, 2018)

57.7m

Gross profit margin (Q2, 2018), %

80.5%

Net income (Q2, 2018)

14.3m

EBIT (Q2, 2018)

27.0m

Market capitalization (4-Dec-2018)

674.4m

Closing stock price (4-Dec-2018)

16.8

Cash (30-Jun-2018)

392.9m
Live Oak Bancshares's current market capitalization is $674.4 m.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

118.8m150.8m276.4m

Revenue growth, %

27%

Cost of goods sold

8.9m14.6m25.4m

Gross profit

109.9m136.2m251.0m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

25.8m26.8m33.8m32.8m41.0m46.2m51.0m53.2m65.8m71.6m

Cost of goods sold

2.2m2.4m2.7m3.5m3.9m4.8m6.0m7.1m10.5m13.9m

Gross profit

23.6m24.4m31.1m29.3m37.1m41.4m45.1m46.1m55.2m57.7m

Gross profit Margin, %

91%91%92%89%90%90%88%87%84%81%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

102.6m238.0m295.3m

PP&E

62.7m64.7m178.8m

Total Assets

1.1b1.8b2.8b

Accounts Payable

1.9b2.3b
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

20.6m13.8m100.5m

Depreciation and Amortization

3.4m4.3m10.3m

Accounts Payable

(1.7m)

Cash From Operating Activities

(334.7m)(221.9m)(287.5m)
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

12.0m14.9m4.7m4.8m8.3m6.1m15.9m28.8m12.5m26.7m

Depreciation and Amortization

1.0m1.9m1.1m2.1m3.2m1.7m4.1m7.0m3.8m7.8m

Cash From Operating Activities

(178.3m)(265.7m)(93.9m)(170.4m)(174.5m)(107.7m)(182.5m)(256.2m)(36.1m)(11.8m)

Cash From Investing Activities

70.2m8.2m(91.2m)(168.7m)(133.1m)(263.6m)(354.4m)(420.6m)(574.9m)
USDY, 2018

Financial Leverage

7.5 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

Live Oak Bancshares, Inc. Announces Date of Third Quarter 2018 Financial Results

WILMINGTON, N.C., Oct. 10, 2018 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2018 financial results after U.S. financial markets close on Wednesday, October 24, 2018.
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Live Oak Bancshares Blogs

Top 10 Takeaways from the Solar & Storage Finance USA Conference

Live Oak Bank’s renewable energy lending team traveled to New York to attend the Solar & Storage Finance USA Conference. The conference brings together debt providers, funders utilities, corporate off-takers and blue-chip energy firms looking to invest capital and discuss raising capital for sol…

Disaster Relief Loans for Impacted Communities

Live Oak Bank offers disaster relief loans for communities impacted by major storms and natural disasters. Did hurricane Florence or hurricane Michael hit your community, or are you still recovering from a past storm or natural disaster? If so, Live Oak Bank can help. We understand the challenges of…

Hurricane Relief Financing for Impacted Communities

Live Oak Bank offers hurricane relief financing for communities impacted by major storms. Did hurricane Florence or hurricane Michael hit your community, or are you still recovering from a past storm like Harvey or Irma? If so, Live Oak Bank can help. We understand the challenges of rebuilding after…

Five Ways To Prepare To Sell Your Contracting Business

Introduction Over the next few years, the contracting industry will see more business owners approach retirement. This transition of ownership not only allows younger buyers and longtime employees to become owners, but will also give retiring owners the opportunity to realize the value of the busine…

The Importance of Writing an Effective Business Plan

Whether you are planning to start a new business or expand your existing business, your first step is to develop a strong business plan. Why? Because the business plan is your blueprint for creating profitability and success. You wouldn’t build a house without a blueprint to follow and the same goes…

Exposing the Myths of SBA Lending

The Small Business Administration (SBA) offers lending programs that are often misunderstood as cumbersome, last resort loan funding options. Much of this misperception is centered around borrower experiences with banks who do not specialize in SBA lending, who are not preferred SBA lenders or who d…
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Live Oak Bancshares Company Life and Culture

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Live Oak Bancshares Frequently Asked Questions

  • When was Live Oak Bancshares founded?

    Live Oak Bancshares was founded in 2008.

  • Who are Live Oak Bancshares key executives?

    Live Oak Bancshares's key executives are Neil Underwood, Huntley Garriott and Scott Custer.

  • How many employees does Live Oak Bancshares have?

    Live Oak Bancshares has 400 employees.

  • What is Live Oak Bancshares revenue?

    Latest Live Oak Bancshares annual revenue is $276.4 m.

  • What is Live Oak Bancshares revenue per employee?

    Latest Live Oak Bancshares revenue per employee is $691 k.

  • Who are Live Oak Bancshares competitors?

    Competitors of Live Oak Bancshares include nCino, First Northwest Bancorp and CoBiz Financial.

  • Where is Live Oak Bancshares headquarters?

    Live Oak Bancshares headquarters is located at 1741 Tiburon Dr, Wilmington.

  • Where are Live Oak Bancshares offices?

    Live Oak Bancshares has an office in Wilmington.

  • How many offices does Live Oak Bancshares have?

    Live Oak Bancshares has 1 office.