Live Oak Bancshares

Live Oak Bancshares, Inc. is a bank holding company for Live Oak Banking Company, which operates as a national online platform for small business lending. It operates through the following segments: Banking, Fintech, and Other. The Banking segment provides financing services to small businesses nationwide in targeted industries and deposit-related services to small businesses, consumers, and other customers nationwide. The Fintech segment focuses on making strategic investments into emerging financial technology companies. The company was founded by James S. Mahan III on December 18, 2018 and is headquartered in Wilmington, NC.

Earnings data Q1 2021

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Live Oak Bancshares reports strong earnings, eyes growth opportunities in 2023

Live Oak Bancshares delivered strong financial performance in Q4 2022 with a focus on credit quality and profitability.
Challenges include managing expenses, credit quality, and achieving future profitability goals amidst uncertainties.
Opportunities lie in optimizing margins, enhancing income strategies, and capitalizing on growth prospects.
Overall, Live Oak Bancshares remains well-positioned for growth with a positive outlook for 2023.

Live Oak Bancshares reports Q1 earnings, eyes growth amid challenges

Live Oak Bancshares faces challenges from industry events impacting earnings but maintains a strong position in small business lending and deposit liquidity. The bank is optimistic about growth opportunities, with a focus on improving gain on sale revenue and exploring new lending areas. Caution is exercised in tech investments while stress scenarios show resilience in adverse conditions.

Live Oak Bancshares excels in Q2 earnings amidst industry challenges

Live Oak Bancshares delivered a strong performance in Q2 with improvements in core revenues, stable credit quality, and a customer-centric approach. The company faces challenges with PBMs and branch deposit models but sees opportunities in business acquisitions and real estate lending. Investments in people and technology are expected to drive future growth.

Live Oak Bancshares reports strong Q3 performance and growth opportunities

Live Oak Bancshares delivered a strong quarter with improvements in credit quality metrics, loan growth acceleration, and revenue-generating capabilities.
While facing challenges in certain sectors and the impact of rising rates, the bank's unique approach to asset quality management and growth opportunities position it well for the future.
With a focus on maintaining a competitive net interest margin and leveraging opportunities in loan origination and revenue growth initiatives, Live Oak is poised for continued success.

Live Oak Bancshares excels in Q4 2023, poised for growth

Live Oak Bancshares delivered a strong financial performance in Q4 2023, driven by solid EPS, net interest margin, and loan growth, supported by a unique business model.
The company's focus on technology, government-guaranteed lending, and operational efficiency positions it well for sustainable growth and profitability.
While facing challenges in managing CD maturities and expense control, Live Oak can capitalize on opportunities in small-dollar loans and diverse business verticals for future expansion.

Live Oak Bancshares posts strong Q1 results, eyes conventional lending growth

Live Oak Bancshares reported solid Q1 performance with a focus on credit quality and growth in conventional lending.
While facing challenges from increased expenses and potential market changes, the company is well-positioned for future opportunities.
Strategic initiatives in automation, credit scoring, and deposit growth highlight a path for continued growth and efficiency.
The transition to a full-fledged bank signals a return to roots and utilization of expertise for sustained success.

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Live Oak Bancshares, Inc. is a bank holding company for Live Oak Banking Company, which operates as a national online platform for small business lending. It operates through the following segments: Banking, Fintech, and Other. The Banking segment provides financing services to small businesses nationwide in targeted industries and deposit-related services to small businesses, consumers, and other customers nationwide. The Fintech segment focuses on making strategic investments in emerging financial technology companies. The company was founded by James S. Mahan III on December 18, 2018 and is headquartered in Wilmington, NC.

WILMINGTON, N.C., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2022 financial results after U.S. financial markets close on Wednesday, October 26, 2022.

Live Oak Bancshares, Inc. Announces Date of Third Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--Elpha Secure Technology Inc., the first cyber insurance startup to combine proprietary cybersecurity software with coverage to improve risk transfer, has completed a $20 million Series A funding round. Canapi Ventures, a venture capital firm investing in early to growth-stage fintech companies, led the round with participation from Elpha Secure's existing investors, including Stone Point Ventures, AXIS Capital, State Farm Ventures®, The Hartford STAG Ventures, Fermat

Elpha Secure Raises $20 Million in Series A Funding Led by Canapi Ventures

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WILMINGTON, N.C., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced the appointment of Yousef A. Valine to its board of directors effective September 15, 2022. Valine has also been appointed to the board of directors of Live Oak Bank.

Live Oak Bancshares Appoints Yousef A. Valine to Board of Directors

Near-term headwinds have this bank's shares trading at a deep discount.

Down 65% From Its High, This Growth Stock Looks Like a No-Brainer

WILMINGTON, N.C., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Live Oak Bank commits to adding 204 jobs over the next five years and investing $25 million in campus expansions thanks in part to three investment grants given by the State of North Carolina, New Hanover County and the city of Wilmington.

Live Oak Bank to Expand Workforce to Support Its Mission to Be America's Small Business Bank

WILMINGTON, N.C., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Live Oak Bank announces it has been named a small business lending partner for Ramp, the finance automation platform and corporate card designed to help businesses spend less.

Live Oak Bank Announces Lending Partnership with Ramp

WILMINGTON, N.C., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Live Oak Ventures has exited its investment in Payrailz, LLC (Payrailz) a digital payments platform, recently acquired by Jack Henry & Associates, Inc. (Jack Henry). Live Oak anticipates an estimated pre-tax gain of approximately $28 million, subject to final adjustments.

Live Oak Ventures Exits Payrailz Continuing Its Investment Momentum

WILMINGTON, N.C., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Live Oak Bank, a subsidiary of Live Oak Bancshares, announces 10 accomplished lenders have joined the bank's General Small Business Administration (SBA) Lending team since the first half of 2022. The experienced lenders work with brokers, intermediaries, and individuals to support business acquisitions, partner buyouts and real estate purchases.

Live Oak Bank Expands SBA General Lending Team to Deliver Financial Solutions for America's Small Businesses

Investors may need to put this one on their watch list.

Why I Bought More of This Growth Stock While It's Cheap

NEW YORK , Aug. 3, 2022 /PRNewswire/ -- CVE North America ("CVE") and Live Oak Bank ("Live Oak") have successfully closed a permanent debt financing of approximately $6.6MM for two Acushnet, MA projects totaling 4.2 megawatts (MW). Over the last two years, CVE has partnered with Live Oak for permanent debt financing on its Massachusetts portfolio, now comprised of nine operating assets with over 37 MW of capacity.

CVE North America and Live Oak Bank close permanent debt financing of two more community solar farms in Massachusetts

Live Oak Bancshares, Inc. (NASDAQ:LOB ) Q2 202 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Greg Seward - Chief Risk Officer and General Counsel Chip Mahan - Chairman and Chief Executive Officer William Losch - Chief Financial Officer Huntley Garriott - President Micah Davis - Chief Marketing Officer Conference Call Participants Steven Alexopoulos - JP Morgan Crispin Love - Piper Sandler Jennifer Demba - Truist Securities Operator Good day and thank you for standing by. Welcome to the Live Oak Bancshares Second Quarter 2022 Earnings Conference call.

Live Oak Bancshares, Inc. (LOB) CEO Chip Mahan on Q2 2022 Results - Earnings Call Transcript

Live Oak reported far fewer SBA-backed loan sales into the secondary market than normal, plus falling margins.

SBA Loan Sales Decline at Live Oak Bancshares -- Is the Stock Still a Buy?

WILMINGTON, N.C., July 27, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported second quarter of 2022 net income of $97.0 million, or $2.16 per diluted share. The second quarter of 2022 included a pretax gain of $120.5 million related to the sale of the Company's investment in Finxact, Inc. (“Finxact”).

Live Oak Bancshares, Inc. Reports Second Quarter 2022 Results

WILMINGTON, N.C., July 22, 2022 (GLOBE NEWSWIRE) -- Live Oak Bank employees packed 3,000 hygiene kits to benefit local shelters, women's centers, and hurricane relief.

Live Oak Bank Employees Assemble 3,000 Hygiene Kits for Local Wilmington Community

WILMINGTON, N.C., July 20, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced the appointment of Casey S. Crawford to its board of directors effective today. Crawford has also been appointed to the board of directors of Live Oak Bank.

Live Oak Bancshares Appoints Casey S. Crawford to Board of Directors

WILMINGTON, N.C., July 13, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its second quarter 2022 financial results after U.S. financial markets close on Wednesday, July 27, 2022.

Live Oak Bancshares, Inc. Announces Date of Second Quarter 2022 Financial Results

WILMINGTON, N.C., July 11, 2022 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Asset Class, a Dublin-based fintech that provides a range of innovative, custom investment management software solutions to clients across financial sectors, with a focus on private equity, venture capital, financial advisory and commercial lending.

Live Oak Ventures Participates in Series A Financing of Asset Class

DUBLIN--(BUSINESS WIRE)-- #asset--Asset Class completes series A round of $11.6M to fuel expansion as private funds continue to digitize all aspects of their business.

Asset Class Secures $11.6 Million Series A Funding Led By Canapi Ventures to Help Democratize Private Capital Investing

Huntington Bancshares

JPMorgan Chase & Co. analysts on Friday downgraded three regional bank stocks and said they're moving their outlook for the sector to neutral based on rising expectations of a recession as well as more aggressive interest rate hikes from the U.S. Federal Reserve. JPMorgan cut its ratings on Live Oak Bancshares Inc. LOB, -0.35% and Huntington Bancshares Inc. HBAN, -1.72% to neutral from overweight and downgraded HBT Financial Inc. HBT, +0.85% to underweight from neutral.

JPMorgan Chase downgrades three regional banks

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SAN FRANCISCO , June 9, 2022 /PRNewswire/ --  Middesk , the leading identity platform automating business verification and underwriting decisions, announced today that it has raised $57 million in a Series B round. The round was co-led by New York-based private equity and venture capital firm Insight Partners and Canapi Ventures, with additional investments from existing investors Sequoia and Accel, as well as Gaingels.

Leading business identity platform Middesk raises $57M Series B co-led by Insight Partners and Canapi Ventures

WILMINGTON, N.C., June 08, 2022 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in AgencyKPI, developer of the first business intelligence platform designed to address and manage data in the insurance industry.

Live Oak Ventures Participates in Series B Financing of AgencyKPI

AUSTIN, Texas--(BUSINESS WIRE)-- #agencykpi--AgencyKPI (www.agencykpi.com), developer of the first integrated business intelligence system designed to address and manage insurance industry data, today announced its Series B round of funding will include an investment from Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc. “As a bank that lends to independent insurance agencies across the country, we see the extraordinary value AgencyKPI is providing,” said Stephanie Mann, Live Oak's EVP of C

AgencyKPI Secures Investment from Live Oak Ventures for Series B Funding

There is more short interest in this stock than for other similar companies, but the company has a great long-term vision.

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