OverviewSuggest Edit

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
Founded2008
HQWilmington, NC, US
Websiteliveoakbank.com

Latest Updates

Employees (est.) (Dec 2019)603(+23%)
Job Openings30
Revenue (FY, 2020)$86 M(+27%)
Share Price (Dec 2021)$87.3
Cybersecurity ratingAMore
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Key People/Management at Live Oak Bancshares

Neil Underwood

Neil Underwood

President: Live Oak Bancshares
Huntley Garriott

Huntley Garriott

President
Steve Smits

Steve Smits

Chief Credit Officer
Micah Davis

Micah Davis

Chief Marketing Officer
Brett Caines

Brett Caines

CFO
Mark Moroz

Mark Moroz

EVP – Head of Product
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Live Oak Bancshares Office Locations

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

Live Oak Bancshares Revenue

Live Oak Bancshares's revenue was reported to be $86 m in FY, 2020
USD

Revenue (Q1, 2021)

31.1m

Net income (Q1, 2021)

39.4m

Market capitalization (31-Dec-2021)

3.7b

Closing stock price (31-Dec-2021)

87.3

Cash (31-Mar-2021)

630.1m
Live Oak Bancshares's current market capitalization is $3.7 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

84.3m93.5m172.9m103.8m67.9m86.0m

Revenue growth, %

27%

Sales and marketing expense

4.3m4.5m6.4m6.0m5.9m3.5m

R&D expense

3.6m5.3m8.4m12.0m9.3m12.3m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

18.1m17.8m22.4m19.3m25.4m25.8m26.7m25.1m30.8m30.6m24.3m13.0m14.7m18.6m5.7m22.4m47.0m31.1m

Sales and marketing expense

1.1m1.1m963.0k1.4m1.1m1.5m2.0m1.5m1.7m1.9m1.5m1.4m1.7m1.3m1.4m624.0k552.0k652.0k

R&D expense

722.0k773.0k1.2m1.4m1.3m1.7m1.9m2.0m2.8m2.9m3.7m2.4m1.9m3.1m3.2m2.8m3.0m3.9m

Operating expense total

3.6m4.0m4.0m4.3m4.1m7.0m6.2m6.6m7.5m7.5m6.6m5.8m5.3m5.9m6.7m4.7m5.7m7.7m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

102.6m238.0m295.3m316.8m126.8m297.2m

Accounts Receivable

1.3b1.8b2.6b5.1b

PP&E

62.7m64.7m178.8m262.5m279.1m259.3m

Total Assets

1.1b1.8b2.8b3.7b4.8b7.9b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

20.6m13.8m100.5m51.4m18.0m59.5m

Depreciation and Amortization

3.4m4.3m10.3m16.4m20.0m21.7m

Accounts Payable

(1.7m)

Cash From Operating Activities

(334.7m)(221.9m)(287.5m)11.5m(493.9m)(273.0m)
USDQ2, 2015

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

8.7 x
Show all financial metrics

Live Oak Bancshares Operating Metrics

Live Oak Bancshares's Total Loans was reported to be $1.1b in Q2, 2017.
Show all operating metrics

Live Oak Bancshares Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Live Oak Bancshares Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Live Oak Bancshares Online and Social Media Presence

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Live Oak Bancshares News and Updates

Live Oak Bancshares, Inc. Reports Third Quarter 2021 Results

WILMINGTON, N.C., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported third quarter 2021 net earnings available to common shareholders of $33.8 million, or $0.76 per diluted share.

Live Oak Bancshares, Inc. Announces Date of Third Quarter 2021 Financial Results

WILMINGTON, N.C., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2021 financial results after U.S. financial markets close on Wednesday, October 27, 2021.

Live Oak Bancshares, Inc. Reports Second Quarter 2021 Results

WILMINGTON, N.C., July 21, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported second quarter 2021 net earnings available to common shareholders of $63.6 million, or $1.41 per diluted share. The second quarter of 2021 included a pretax gain…

William C. (BJ) Losch, III to Join Live Oak Bancshares as Chief Financial Officer

WILMINGTON, N.C., June 30, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares (“Live Oak” or the “company”) announced today that William C. (BJ) Losch, III will assume the role of Chief Financial Officer of the company on September 1, 2021. Losch will also assume the role of CFO of Live Oak Bank.

Live Oak Bancshares, Inc. Reports First Quarter 2021 Results

WILMINGTON, N.C., April 21, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported first quarter 2021 net earnings available to common shareholders of $39.4 million, or $0.88 per diluted share.

Live Oak Bancshares, Inc. Announces Date of First Quarter 2021 Financial Results

WILMINGTON, N.C.,, April 07, 2021 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its first quarter 2021 financial results after U.S. financial markets close on Wednesday, April 21, 2021.
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Live Oak Bancshares Blogs

The Difference Between Business Acquisition Agreements

Throughout the business acquisition process, there are many important documents needed from both the buyer and seller. Several key documents, which come at the beginning and end of the process, are imperative to the success of the deal — the Letter of Intent (LOI), the Offer to Purchase and the Purc…

The Basics of Business Resilience

No one is immune to difficult times that can truly put your business to the test. However, you can successfully navigate economic uncertainties with the appropriate strategies in place. When you plan for unexpected challenges, your business will be better suited to maintain normal business operation…

How to Establish and Maintain Business Credit

Small business owners should understand the importance of business credit, especially as it relates to your eligibility for a business loan. Your business’s credit can influence a wide array of important decisions that could affect your bottom line. Establishing and maintaining good business credit …

Three Keys to Succession Planning for a Family-Owned Business

We strongly believe in the power of succession planning for any small business, but it’s especially important if the entity is family-owned. When multiple generations are involved in the business, there is an added layer of emotional stress that can sometimes complicate things. According to PwC’s 20…

Five Things You Need to Know About Collateral for a Business Loan

In finance, collateral is a buzzword heard often. Collateral is simply defined as pledging something of value as security, which may be forfeited in the case of default on a loan. It’s thought of as added “skin the in the game” to ensure a borrower repays his or her loan. The specifics of pledging c…

Three Reasons to Put Your Tax Refund into a Savings Account

With tax season in full swing, many people will be receiving a refund after filing their returns. While it may be tempting to go spend that cash on frivolous items that bring you joy in the moment, consider tucking that money away into a savings account. There are countless benefits to having a pers…
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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 Steve Smits.

  • How many employees does Live Oak Bancshares have?

    Live Oak Bancshares has 603 employees.

  • What is Live Oak Bancshares revenue?

    Latest Live Oak Bancshares annual revenue is $86 m.

  • What is Live Oak Bancshares revenue per employee?

    Latest Live Oak Bancshares revenue per employee is $142.6 k.

  • Who are Live Oak Bancshares competitors?

    Competitors of Live Oak Bancshares include nCino, Republic Bancorp and Ally 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.