Live Oak Bancshares (LOB) declares cash dividends on common and Series A preferred

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. reported that its Board of Directors declared two cash dividends. Common shareholders will receive a dividend of $0.03 per share of Voting Common Stock. Holders of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock depositary shares will receive $0.52344 per depositary share.

Both dividends are payable on March 15, 2026 to shareholders of record as of March 5, 2026, meaning investors must be on the company’s books by that date to receive the payments.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 19, 2026

LIVE OAK BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

North Carolina

001-37497

26-4596286

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1741 Tiburon Drive,

Wilmington,

NC

28403

(Address of principal executive offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (910) 790-5867

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Voting Common Stock, no par value per share			LOB			New York Stock Exchange LLC
Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock, no par value per share			LOB/PA			New York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01. Other Events.

On February 19, 2026, the Board of Directors of Live Oak Bancshares, Inc. (the “Company”) declared a cash dividend of $0.03 per share of Voting Common Stock and a cash dividend of $0.52344 per depositary share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock, each such dividend payable on March 15, 2026 to shareholders of record as of March 5, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			LIVE OAK BANCSHARES, INC.
Date: February 19, 2026			By:			/s/ Walter J. Phifer
						Walter J. Phifer Chief Financial Officer

FAQ

What dividend did Live Oak Bancshares (LOB) declare for common shareholders?

Live Oak Bancshares declared a cash dividend of $0.03 per share on its Voting Common Stock. The dividend is payable on March 15, 2026 to shareholders of record as of March 5, 2026, based on the company’s Board decision.

What is the dividend on Live Oak Bancshares (LOB) preferred stock depositary shares?

The company declared a cash dividend of $0.52344 per depositary share for its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. This dividend is payable on March 15, 2026 to holders of record as of March 5, 2026, matching the common record date.

When is the record date for Live Oak Bancshares (LOB) dividends announced in this 8-K?

The record date for both the common and preferred dividends is March 5, 2026. Shareholders listed on the company’s books on that date will be entitled to receive their respective cash dividend payments later in March 2026.

When will Live Oak Bancshares (LOB) pay the declared cash dividends?

Both dividends are scheduled to be paid on March 15, 2026. On that date, shareholders of record as of March 5, 2026 will receive either $0.03 per common share or $0.52344 per depositary share, depending on which security they own.

Which Live Oak Bancshares (LOB) securities are covered by the new dividend declaration?

The dividend declaration covers Voting Common Stock and depositary shares representing the 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. Common shareholders receive $0.03 per share, while preferred depositary shareholders receive $0.52344 per depositary share, both on identical record and payment dates.

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