Live Oak Bancshares Inc Stock Price, News & Analysis

Live Oak Bancshares (NYSE:LOB) has appointed technology veteran Jeffrey W. Lunsford to its board of directors and the board of Live Oak Bank. Lunsford, currently Chairman and CEO of Tealium, brings three decades of fintech and software leadership experience to Live Oak.

Lunsford's extensive background includes serving as CEO of several successful technology companies, including Limelight Networks, WebSideStory (now part of Adobe), and TogetherSoft. A former Naval Aviator and Georgia Tech graduate, he also co-founded DefenseStorm, where he serves as Chairman.

Live Oak Bancshares (NYSE: LOB) has successfully completed its previously announced depositary shares offering. The company issued 4,000,000 depositary shares, each representing a 1/40th interest in a share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock.

The offering, which had a liquidation preference of $25 per depositary share, generated net proceeds of approximately $96.15 million after deducting estimated expenses and underwriting discounts. Morgan Stanley, RBC Capital Markets, UBS Investment Bank, and Keefe, Bruyette & Woods served as joint bookrunning managers for the transaction.

Live Oak Bancshares (NYSE: LOB) has announced the pricing of an underwritten offering of 4,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. The depositary shares have a liquidation preference of $25 per share.

The Series A Preferred Stock will pay dividends at a rate of 8.375% per annum, payable quarterly, beginning September 15, 2025. The company may redeem the shares on or after September 15, 2030, at $1,000 per share of Series A Preferred Stock. The depositary shares will be listed on NYSE under symbol "LOB PR A". The offering is expected to close around August 4, 2025, with proceeds intended for general corporate purposes and enhancing the company's capital position.

Live Oak Bancshares (NYSE:LOB) reported strong Q2 2025 financial results with net income of $23.4 million, or $0.51 per diluted share. The quarter showcased significant growth with record loan production of $1.53 billion and deposit growth of $198.8 million.

Key highlights include: total assets growing 1.7% to $13.83 billion, net interest income increasing 8.6%, and net interest margin improving from 3.20% to 3.28%. The bank reported a 14.0% increase in revenue to $143.7 million and reduced provision expense for credit losses to $23.3 million, down $5.7 million from the previous quarter.

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

Investors can access the call via telephone (U.S.: 800.549.8228, International: +1 646.564.2877) or through a live webcast at investor.liveoakbank.com. A supplementary slide presentation will be available before the event, and a replay will be accessible for 12 months afterward.

Live Oak Bancshares (LOB) has appointed former U.S. Representative Patrick T. McHenry to its board of directors and Live Oak Bank's board, effective May 21, 2025. McHenry brings significant financial and policy expertise from his 20-year tenure in Congress, where he served as Chairman of the House Financial Services Committee and Representative for North Carolina's 10th Congressional District. During his leadership, he focused on cryptocurrency, capital formation, AI, fintech, and data privacy initiatives.

Currently based in Washington, D.C., McHenry serves as an advisor on public policy, financial services, fintech, and AI matters, while also holding a position as a distinguished fellow at Georgetown University's Psaros Center for Financial Markets and Policy. His previous roles include Chief Deputy Whip and Speaker Pro Tempore of the House in October 2023.

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.