Live Oak Bancshares, Inc. (LOB)
| Market Cap | 2.02B |
| Revenue (ttm) | 380.33M |
| Net Income (ttm) | 59.53M |
| Shares Out | 44.48M |
| EPS (ttm) | 1.32 |
| PE Ratio | 34.47 |
| Forward PE | 19.93 |
| Dividend | $0.12 (0.26%) |
| Ex-Dividend Date | Nov 27, 2023 |
| Volume | 203,943 |
| Open | 46.63 |
| Previous Close | 46.51 |
| Day's Range | 45.48 - 47.22 |
| 52-Week Range | 17.31 - 47.22 |
| Beta | 1.51 |
| Analysts | Buy |
| Price Target | 40.75 (-10.44%) |
| Earnings Date | Jan 24, 2024 |
About LOB
Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. It operates in two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, certificate of deposits, savings, and time deposits. It also offers commercial and industrial loans; construction and d... [Read more]
Financial Performance
In 2022, LOB's revenue was $524.55 million, an increase of 18.74% compared to the previous year's $441.78 million. Earnings were $176.21 million, an increase of 5.52%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for LOB stock is "Buy." The 12-month stock price forecast is $40.75, which is a decrease of -10.44% from the latest price.
News
Live Oak Bank Tops SBA's 100 Most Active 7(a) Lenders
WILMINGTON, N.C., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Live Oak Bank has been named the most active SBA 7(a) lender by dollar amount by the U.S. Small Business Administration for the sixth year in a row.
Live Oak Bancshares Announces Executive Appointments, Including Walter J. Phifer Named as Chief Financial Officer
WILMINGTON, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today that its Board of Directors has made several organizational appointments including naming a new Chief Financial ...
Live Oak Bancshares, Inc. Reports Third Quarter 2023 Results
WILMINGTON, N.C., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2023 net income of $39.8 million, or $0.88 per d...
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2023 Financial Results
WILMINGTON, N.C., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its third quarter 2023 financial results after U.S. financial...
LaSalle St. Establishes Relationship with Live Oak Bank
Additional Funding Source Will Accelerate Growth Objectives for Firm and Affiliated Advisors CHICAGO , Sept. 19, 2023 /PRNewswire/ -- LaSalle St., a family of wealth management firms encompassing an i...
Live Oak Bank Names William C. (BJ) Losch, III as President
WILMINGTON, N.C., Aug. 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares (“Live Oak” or the “company”) announced today its Board of Directors has appointed William C. (BJ) Losch, III as President of Li...
DynamoFL Raises $15.1M Series A to Scale Privacy-Focused Generative AI for the Enterprise
Canapi Ventures and Nexus Venture Partners lead round to help company meet demand for LLM solutions that can safely train on sensitive, internal data SAN FRANCISCO , Aug. 16, 2023 /PRNewswire/ -- Dyn...
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Live Oak Bancshares, Inc. Reports Second Quarter 2023 Results
WILMINGTON, N.C., July 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported second quarter of 2023 net income of $17.5 million, or $0.39 per ...
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2023 Financial Results
WILMINGTON, N.C., July 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its second quarter 2023 financial results after U.S. financia...
Live Oak Bancshares, Inc. Reports First Quarter 2023 Results
WILMINGTON, N.C., April 26, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2023 net income of $398 thousand, or $0.01 per ...
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Live Oak Ventures Participates in Series Seed Financing of Pharmacy Marketplace
WILMINGTON, N.C., March 08, 2023 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Pharmacy Marketplace, a software platform create...
Live Oak Bank's Voice of the Customer Survey Offers In-Depth Analysis of Customer Sentiment
WILMINGTON, N.C., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Live Oak Bank has released its first Voice of the Customer survey, powered by Barlow Research Associates, to deliver insights, industry benchmarks a...
Live Oak Bancshares, Inc. Reports Fourth Quarter 2022 Results
WILMINGTON, N.C., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported fourth quarter of 2022 net income of $1.8 million, or $0.04 per d...
Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2022 Financial Results
WILMINGTON, N.C., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its fourth quarter 2022 financial results after U.S. financia...
Live Oak Bancshares, Inc. Announces Transfer of Listing of Voting Common Stock to the New York Stock Exchange
WILMINGTON, N.C., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) announced today that it is transferring the listing of its voting common stock to the New York Stock Exchang...
Live Oak Bancshares, Inc. Reports Third Quarter 2022 Results
WILMINGTON, N.C., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2022 net income of $42.9 million, or $0.96 per...
Live Oak Bank Tops SBA's 100 Most Active 7(A) Lenders
WILMINGTON, N.C., Oct. 14, 2022 (GLOBE NEWSWIRE) -- Live Oak Bank has been named the most active SBA 7(a) lender by dollar amount by the U.S. Small Business Administration for the fifth year in a row.
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2022 Financial Results
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. financi...
Elpha Secure Raises $20 Million in Series A Funding Led by Canapi Ventures
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 mil...
Live Oak Bancshares Appoints Yousef A. Valine to Board of Directors
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 appo...
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 commits to adding 204 jobs over the next five years and investing $25 million in campus expansions thanks in part to three investment...
Live Oak Bank Announces Lending Partnership with Ramp
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...
Live Oak Ventures Exits Payrailz Continuing Its Investment Momentum
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, ...