Welcome to our dedicated page for Live Oak Bancshares SEC filings (Ticker: LOB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Live Oak Bancshares, Inc. filings document the regulatory record of a financial holding company whose principal subsidiary is Live Oak Bank. The company’s 8-K reports cover operating results and financial condition, dividend declarations on Voting Common Stock and Series A preferred depositary shares, executive compensation actions, equity awards, and risk-management leadership changes.
Proxy materials describe governance matters, executive compensation, equity-award disclosure and shareholder voting items. Other filings include Form 12b-25 filing-status notices and capital-structure references to common stock and the company’s 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock.
A shareholder filed a Form 144 notice for a planned sale of 6,100 shares of Voting Common Stock of Charles Schwab Corp., listed on the NYSE. The shares have an aggregate market value of $257,298.00 and are associated with equity compensation awards granted in 2021 and 2024.
The prospective sale relates to 3,000 shares from a Restricted Stock Award dated August 27, 2021 and 3,100 shares from a Restricted Stock Award dated February 12, 2024, both categorized as equity compensation. The filing lists 46,262,391 Voting Common Stock shares and indicates an anticipated sale date of July 28, 2026.
Live Oak Bancshares, Inc. reported second quarter 2026 net income attributable to common shareholders of $34.7 million, or $0.74 per diluted share. Net income rose 24.2% from the first quarter of 2026 and 48.1% from the second quarter of 2025, with diluted EPS up 23.3% and 45.1% over those periods.
Total revenue, comprised of net interest income and noninterest income, increased 7.3% sequentially and 11.8% year over year, while total noninterest expense declined 0.9% and 0.8%. This produced pre-provision net revenue growth of 19.0% versus the prior quarter and 31.5% year over year. Net interest margin improved to 3.33% from 3.27% in the first quarter of 2026 and 3.28% in the prior-year quarter; return on average common equity was 11.36% and return on average assets 0.90%.
Loan and lease production was $1.55 billion, with total loans and leases up 4.4% from March 31, 2026 and 15.6% from June 30, 2025. Total deposits grew 5.1% sequentially and 15.5% year over year to $14.55 billion, and total assets reached $16.04 billion, up 4.8% and 16.0%, respectively. Provision expense for credit losses was $25.8 million, an increase of 28.4% from the prior quarter and 11.0% from a year earlier. The allowance for credit losses equaled 1.56% of loans and leases held for investment, and tangible book value per common share was $26.20.
Live Oak Bancshares, Inc. filed an initial Form 3 for Chief Accounting Officer Matthew S. Diffley. The filing covers Voting Common Stock and shows 0 shares owned directly following the reported position. This establishes his baseline insider ownership record under SEC rules.
Live Oak Bancshares director William L. Williams III reported open-market sales of Voting Common Stock on July 1, 2026. Through his revocable trust, he sold a total of 8,400 shares in two transactions at weighted average prices around $41–$42 per share, executed under a Rule 10b5-1 trading plan adopted on March 12, 2026. After these sales, he continues to hold significant indirect and direct positions, including 52,825 shares held directly, 137,025 shares held via the Elizabeth Williams Family Trust, and 14,110 shares held via Spoint-ILM, LLC.
Live Oak Bancshares, Inc. appointed Matthew S. Diffley as Principal Accounting Officer of the company effective July 1, 2026, after he joined Live Oak Banking Company as Chief Accounting Officer on June 29, 2026. He succeeds Walter J. Phifer, who had served as interim PAO.
The company expects to grant Mr. Diffley a restricted stock unit award with a grant date fair value of $200,000, vesting in five equal annual installments beginning on the first anniversary of the grant date, subject to Compensation Committee approval. He will also be reimbursed for reasonable relocation expenses and will be eligible for the company’s standard employee benefits, discretionary cash bonuses, and discretionary equity awards. The filing notes he has no family relationships with company executives or directors and no related party transactions requiring disclosure.
Live Oak Bancshares director William L. Williams III reported an open-market sale of 8,400 shares of Voting Common Stock at $40.054 per share. The sale was made by the William L. Williams Revocable Trust, which still holds 1,130,925.8621 shares after the transaction.
According to a footnote, this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2026. The filing also shows additional indirect holdings through the Elizabeth Williams Family Trust and Spoint-ILM, LLC, plus separate directly held shares.
Live Oak Bancshares, Inc. reported a senior accounting leadership change. J. Wesley Sutherland will no longer serve as Chief Accounting Officer of the company or Live Oak Banking Company.
Effective June 16, 2026, Chief Financial Officer Walter J. Phifer has assumed the role of Principal Accounting Officer on an interim basis while the company conducts an external search for Sutherland’s successor. Phifer has been with the bank since 2015 and became CFO in January 2024, after previously serving as Treasurer and Head of Finance, Planning and Analysis.
The company expects Sutherland to remain employed as a Senior Advisor to support the transition until his anticipated retirement on or about September 30, 2026.
Live Oak Bancshares, Inc. director and Chief Executive Officer James S. Mahan III reported open-market sales of 20,000 shares of Voting Common Stock indirectly held through the James S. Mahan Revocable Trust.
The shares were sold at weighted average prices between about $37.77 and $39.25, leaving the trust holding 2,847,844 shares following the most recent transaction on June 11, 2026. According to a footnote, these sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted on August 27, 2025, indicating they were scheduled in advance rather than timed discretionarily.