Live Oak Bancshares Inc Stock Price, News & Analysis

Live Oak Bank (LOB) has announced a $600,000 grant to support licensed early child care providers in New Hanover County. The grant, distributed over two years, will provide free access to Wonderschool's technology platform, enabling child care providers to connect with pre-qualified substitute teachers.

The initiative aims to ensure continuity of care and maintain strong student-teacher ratios by streamlining the process of recruiting, screening, and training substitute teachers. The partnership with Wonderschool aligns with Live Oak Bank's philanthropic focus on workforce development, specifically supporting access to reliable childcare for working parents.

Live Oak Bancshares (NYSE: LOB) reported Q1 2025 results with net income of $9.7 million, or $0.21 per diluted share. The quarter showed notable performance with:

- Record Q1 production of $1.40 billion
- Strong deposit growth of $635.5 million
- Total assets growing 5.0% to $13.60 billion
- Net interest income increase of 3.1%
- Net interest margin improvement from 3.15% to 3.20%

However, the bank faced challenges including:
- 1.5% decline in revenue
- 3.4% increase in noninterest expenses
- 10% decline in pre-provision net revenue
- $29.0 million provision expense for credit losses due to loan growth and challenging macroeconomic conditions

Live Oak Bancshares (NYSE: LOB) has scheduled the release of its first quarter 2025 financial results for Wednesday, April 23, 2025, after U.S. financial markets close. The company will host a conference call to discuss these results and its business outlook on Thursday, April 24, 2025, at 9:00 a.m. ET.

The conference call will be accessible via telephone (U.S.: 800.549.8228, International: +1 646.564.2877) and webcast through investor.liveoakbank.com. A supplementary slide presentation will be available before the event, and a replay will be accessible for 12 months following the presentation.

Live Oak Bancshares (NYSE: LOB) reported Q4 2024 net income of $9.9 million ($0.22 per diluted share), with full-year 2024 net income reaching $77.5 million ($1.69 per diluted share). The company achieved record loan production of $5.16 billion and strong deposit growth of $1.49 billion in 2024.

Key financial highlights include: 14.8% growth in total assets to $12.94 billion, 9% revenue growth, and a 3% reduction in noninterest expenses, resulting in 38% growth in pre-provision net revenue. However, provision expense for credit losses increased by $44.9 million (87.5%) due to record loan growth and macroeconomic conditions.

Q4 2024 showed quarterly loan production of $1.42 billion with a 42.4% funding rate, while total revenue slightly decreased by 1% compared to Q3 2024.

Live Oak Bancshares (NYSE: LOB) will release its fourth quarter 2024 financial results on Wednesday, January 22, 2025, after U.S. financial markets close. The company will hold a conference call to discuss the financial results and future business outlook on Thursday, January 23, 2025, at 9:00 a.m. ET. The call can be accessed via telephone and webcast, with specific details provided for both U.S. and international participants. A supplementary slide presentation will be available on the company's website before the event, and a replay of the conference call will be accessible for 12 months following the event.

Live Oak Ventures, the investment arm of Live Oak Bancshares, has announced an investment in Sunbound Inc., a provider of automated financial operations solutions for the senior housing industry. Sunbound's platform optimizes financial operations through digital payments, claims management, and data insights to improve cash flow for senior housing communities.

The platform aims to help senior housing facilities focus on residential care while enhancing their financial profile and operational efficiency. The Sunbound platform provides comprehensive revenue solutions, optimizing insurance claims and private pay solutions.

Sunbound, a finance solutions provider for senior living, has secured investment from Live Oak Ventures, a subsidiary of Live Oak Bancshares. The company, which has grown over 20x in 2024, offers AR automation tools and working capital solutions to streamline financial processes for senior living operators.

The investment will accelerate Sunbound's product development, enhance its analytics and AI capabilities, and expand its go-to-market activities. The company is building a 'Financial OS for Senior Care' to address challenges in the sector, where operators currently receive over 50% of payments by check and manage finances through disconnected systems.

Warrior Rising, a national non-profit supporting veteran entrepreneurship, has announced strategic partnerships with Parlay Finance and Live Oak Bank to enhance capital access for veteran-owned businesses. The collaboration aims to provide comprehensive support through education, coaching, mentorship, and financial resources. According to SBA data, while veterans are 45% more likely to start businesses than non-veterans, they face 30% higher rejection rates for credit requests. The initiative targets deploying $100 million in capital to veteran-owned businesses. Additionally, Warrior Rising has acquired LaunchPlan™, a software tool that will enhance their learning management system by integrating business planning and mentorship capabilities.

Live Oak Bancshares reported Q3 2024 net income of $13.0 million, or $0.28 per diluted share, a 51.7% decrease from Q2 2024. Total revenue reached $129.9 million, up 3.5% from previous quarter. The company achieved record loan production of $1.76 billion, a 50.1% increase from Q2. Total deposits grew to $11.40 billion, up 6.5% quarter-over-quarter. Net interest income increased to $97.0 million, with net interest margin rising to 3.33%. The provision for credit losses increased to $34.5 million, primarily due to specific reserve increases and portfolio growth.