Live Oak Bancshares, Inc.LOB
What Live Oak Bancshares, Inc. does.
Live Oak Bancshares, Inc. (individually, “Bancshares” and collectively with its subsidiaries including Live Oak Banking Company, the “Company,” also referred to as “our” and “we”), headquartered in Wilmington, North Carolina, is the bank holding company for Live Oak Banking Company (the “Bank” or “Live Oak Bank”). The Bank was incorporated in February 2008 as a North Carolina-chartered commercial bank and operates an established national online platform for small business lending and deposit gathering. Bancshares was incorporated under the laws of the state of North Carolina on December 18, 2008, for the purpose of serving as the bank holding company of Live Oak Bank. Bancshares completed its initial public offering (“IPO”) in July 2015.
The Company predominantly originates loans partially guaranteed by the U.S. Small Business Administration (the “SBA”) and to a lesser extent by the United States Department of Agriculture (“USDA”) Rural Energy for America Program (“REAP”), Water and Environmental Program (“WEP”), Business & Industry (“B&I”) and Community Facilities loan programs. These loans are to small businesses and professionals with what the Company believes are lower risk characteristics. Industries, or “verticals,” on which the Company focuses its lending efforts are carefully selected. The Company also lends more broadly to select borrowers outside of those verticals.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $10.5M | $457.0M | $565.5M | $449.3M | $488.6M | $577.8M |
| Net income | $59.5M | $167.0M | $176.2M | $73.9M | $77.5M | $105.9M |
| Free cash flow | -$282.0M | -$122.8M | -$344.5M | $138.1M | $107.5M | $143.5M |
More on LOB.
- Live Oak Bancshares, Inc. summary
- Live Oak Bancshares, Inc. financial statements
- Live Oak Bancshares, Inc. key metrics
- Live Oak Bancshares, Inc. health scores and style box
- Live Oak Bancshares, Inc. earnings
- Live Oak Bancshares, Inc. dividends
- Live Oak Bancshares, Inc. valuation
- Live Oak Bancshares, Inc. ownership and insiders
- Live Oak Bancshares, Inc. peers
Figures from Live Oak Bancshares, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.