Live Oak Bancshares, Inc. (LOB)

NYSE: LOB · IEX Real-Time Price · USD
36.79
-0.26 (-0.70%)
Feb 3, 2023, 4:00 PM EST - Market closed
-0.7%
Market Cap 1.62B
Revenue (ttm) 546.72M
Net Income (ttm) 204.56M
Shares Out 43.98M
EPS (ttm) 4.54
PE Ratio 8.10
Forward PE n/a
Dividend $0.12 (0.33%)
Ex-Dividend Date Nov 28, 2022
Volume 232,535
Open 36.48
Previous Close 37.05
Day's Range 36.23 - 37.77
52-Week Range 27.50 - 67.24
Beta 1.49
Analysts Sell
Price Target 34.68 (-5.74%)
Earnings Date Jan 26, 2023

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. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commerci... [Read more]

Sector Financials
IPO Date Jul 23, 2015
Employees 940
Stock Exchange NYSE
Ticker Symbol LOB
Full Company Profile

Financial Performance

In 2021, LOB's revenue was $441.78 million, an increase of 84.02% compared to the previous year's $240.07 million. Earnings were $167.00 million, an increase of 180.46%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for LOB stock is "Sell." The 12-month stock price forecast is $34.68, which is a decrease of -5.74% from the latest price.

Price Target
$34.68
(-5.74% downside)
Analyst Consensus: Sell
Stock Forecasts

News

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...

4 days ago - GlobeNewsWire

Live Oak Bancshares (LOB) Q4 Earnings and Revenues Lag Estimates

Live Oak Bancshares (LOB) delivered earnings and revenue surprises of -90% and 5.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

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...

1 week ago - GlobeNewsWire

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...

3 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

Live Oak Bancshares (LOB) Q3 Earnings and Revenues Surpass Estimates

Live Oak Bancshares (LOB) delivered earnings and revenue surprises of 113.33% and 34.06%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock...

3 months ago - Zacks Investment Research

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...

3 months ago - GlobeNewsWire

Live Oak Bancshares (LOB) Expected to Beat Earnings Estimates: Should You Buy?

Live Oak Bancshares (LOB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

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.

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - Business Wire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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, ...

5 months ago - GlobeNewsWire

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

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 ...

5 months ago - GlobeNewsWire

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

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 projec...

6 months ago - PRNewsWire

Live Oak Bancshares (LOB) Q2 Earnings and Revenues Top Estimates

Live Oak Bancshares (LOB) delivered earnings and revenue surprises of 323.53% and 112.95%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Live Oak Bancshares, Inc. Reports Second Quarter 2022 Results

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 pe...

6 months ago - GlobeNewsWire

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

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.

7 months ago - GlobeNewsWire

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

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 th...

7 months ago - GlobeNewsWire

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

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. financ...

7 months ago - GlobeNewsWire

Earnings Preview: Live Oak Bancshares (LOB) Q2 Earnings Expected to Decline

Live Oak Bancshares (LOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

Live Oak Ventures Participates in Series A Financing of Asset Class

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...

7 months ago - GlobeNewsWire

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

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.

7 months ago - Business Wire