Every 8-K that Live Oak Bancshares, Inc. (LOB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LOB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LOB filings page.
Live Oak Bancshares, Inc. (LOB) reports that its Chairman and Chief Executive Officer, James S. Mahan III, has adopted a prearranged stock trading plan under Rule 10b5-1. The plan permits sales of up to 400,000 shares of his voting common stock holdings, with potential sales occurring from November 2026 through November 2027 as part of his personal long-term financial and tax planning strategies. Individual transactions under this plan will be reported on Forms 4 filed with the SEC.
Live Oak Bancshares, Inc. (LOB) announced that its Board of Directors declared cash dividends on both its common and preferred equity. The company declared a dividend of $0.03 per share on its Voting Common Stock and $0.52344 per depositary share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. Each dividend is payable on September 15, 2026 to shareholders of record as of September 1, 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. 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, 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. held its 2026 Annual Meeting of Shareholders on May 19, 2026, where shareholders approved two key equity plans and routine governance items. On the March 20, 2026 record date, 46,239,891 voting common shares were outstanding, with 42,159,893 shares present to establish a quorum.
Shareholders elected ten directors to one‑year terms and approved the 2026 Omnibus Stock Incentive Plan and the 2026 Employee Stock Purchase Plan. They also supported a non-binding advisory vote on executive compensation and ratified KPMG LLP as the independent auditor for 2026, confirming the company’s proposed board and compensation framework.
Live Oak Bancshares, Inc. reported that its board declared cash dividends on both its common and preferred equity. Holders of Voting Common Stock will receive a cash dividend of $0.03 per share. Holders of depositary shares representing its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock will receive a cash dividend of $0.52344 per depositary share.
Both dividends are payable on June 15, 2026 to shareholders of record as of June 2, 2026, meaning investors must be on the company’s books by that date to receive the payments.
Live Oak Bancshares reported solid first quarter 2026 growth, with some quarterly volatility. Net income attributable to common shareholders was $27.9 million, or $0.60 per diluted share, up sharply from $9.7 million and $0.21 a year earlier, but down from the unusually strong fourth quarter of 2025.
Total revenue was $145.5 million, decreasing 15.9% from the prior quarter, largely because Q4 2025 included a $24.1 million gain from the sale of Apiture, Inc. and a $9.0 million portfolio investment gain, but rising 18.4% year over year. Provision for credit losses was $20.1 million, down both sequentially and versus the prior year.
The loan book and funding base continued to expand. Loan and lease production reached $1.37 billion, total loans and leases grew to $12.59 billion, and deposits rose to $13.84 billion, up 11.6% from a year earlier. Net interest margin was 3.27%, slightly below the fourth quarter but above the first quarter of 2025, while return on average common equity was 9.39%. Management highlighted strong loan production, deposit growth, and a focus on Live Oak Express, business checking, and prudent capital management.
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.
Live Oak Bancshares, Inc. approved discretionary cash bonuses and new restricted stock unit (RSU) awards for several named executive officers under its 2015 Omnibus Stock Incentive Plan. Each RSU converts into one share of voting common stock when it vests.
On February 9, 2026, executives received both cash and equity, including $80,000 and 52,694 RSUs for President William C. Losch III, $60,000 and 13,173 RSUs for Chief Information and Digital Officer Renato Derraik, $50,000 and 9,580 RSUs for CFO Walter J. Phifer, and $45,000 and 8,383 RSUs for General Counsel Gregory W. Seward.
These RSU awards vest in five equal annual installments beginning on February 9, 2027, and unvested units are forfeited if employment ends before February 9, 2031, except in certain termination circumstances following a corporate transaction. The Compensation Committee noted it has not granted equity awards to CEO James S. Mahan III since the company’s 2015 initial public offering, citing his substantial existing stock ownership.
Live Oak Bancshares, Inc. reported that it has released its financial results for the fourth quarter ended December 31, 2025. The company furnished this information through a press release dated January 21, 2026, which is attached as an exhibit to this report and incorporated by reference. The report also notes that the information in this item is being provided for disclosure purposes and is not deemed to be filed for liability provisions of the securities laws or automatically incorporated into other securities filings.
Live Oak Bancshares, Inc. announced a leadership change in its risk management function. Effective December 1, 2025, the company appointed Ewa Stasiowska as Chief Risk Officer of both Live Oak Bancshares and its wholly owned subsidiary, Live Oak Banking Company. She replaces Gregory W. Seward, who had served as Chief Risk Officer since July 2022.
Gregory Seward will continue in his existing role as General Counsel for the company and the bank, so he remains part of the executive team. The company also issued a press release describing Ms. Stasiowska’s appointment, which is included as an exhibit to this report.
Live Oak Bancshares, Inc. announced that its board of directors declared a cash dividend of $0.03 per share on its Voting Common Stock. The company also declared a cash dividend of $0.52344 per depositary share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. Both dividends are payable on December 15, 2025 to shareholders of record as of December 2, 2025, providing scheduled cash returns to common and preferred investors.
Live Oak Bancshares reported it will restate its Consolidated Statements of Cash Flows and related notes in its FY2024 Form 10-K and the Q1 and Q2 2025 Form 10-Qs after identifying a classification error between operating and investing cash flows tied to loan participations. Management and the Audit Committee, in consultation with KPMG, determined prior cash flow statements and associated audit reports should no longer be relied upon, and amendments are expected on or about November 17, 2025.
The company stated the misclassification did not affect income statements, balance sheets, equity, cash balances, liquidity measures, loan totals or classifications, credit reserves, regulatory capital ratios, net interest income or margin, net income, returns, asset quality ratios, or other key metrics discussed with investors. Management concluded the error is quantitatively material and identified a material weakness in internal control over financial reporting for cash flow classification. KPMG’s report on internal control over financial reporting as of December 31, 2024 should no longer be relied upon. The company anticipates remediating the weakness by the 2025 Form 10-K.
Live Oak Bancshares, Inc. furnished an 8-K announcing its financial results for the third quarter ended September 30, 2025. The company provided a press release as Exhibit 99.1, which is incorporated by reference and contains the detailed results.
The disclosure under Item 2.02 is designated as “furnished” and not deemed “filed” under the Exchange Act. The company’s securities listed include Voting Common Stock (LOB) and Depositary Shares for its 8.375% Series A Preferred (LOB/PA) on the NYSE.
Live Oak Bancshares, Inc. reported that its Chairman and Chief Executive Officer, James S. Mahan III, adopted a prearranged stock trading plan under Rule 10b5-1. The plan allows him to sell up to 400,000 shares of the company’s voting common stock as part of his personal long-term financial and tax planning strategies.
The sales may occur over a defined period from November 2025 through September 2026. Any transactions executed under this plan will be reported through Form 4 filings with the Securities and Exchange Commission, providing ongoing public transparency about the CEO’s share sales.
Live Oak Bancshares, Inc. reported that its Board of Directors declared two cash dividends on August 19, 2025. The company will pay a cash dividend of $0.03 per share on its Voting Common Stock and a cash dividend of $0.23845 per depositary share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. Both dividends are payable on September 15, 2025 to shareholders of record as of September 2, 2025, meaning investors must be on the books by that date to receive the payments.
Live Oak Bancshares, Inc. reports that Computer Services Inc. has entered into a definitive agreement to acquire Apiture, Inc., in which Live Oak Banking Company holds an investment. When the deal closes, Apiture will become a wholly owned subsidiary of CSI and each Apiture stockholder, including Live Oak Banking Company, will receive merger consideration under the agreement terms.
The company currently expects to realize an estimated pre-tax gain in the range of $20 million to $25 million from this transaction, subject to closing price adjustments. After the transaction settles, Live Oak will also stop recognizing further pass-through losses from its Apiture investment. Completion of the deal remains subject to customary approvals and closing conditions.
Live Oak Bancshares appointed Jeffrey Williams Lunsford to its Board of Directors and to the board of its subsidiary, Live Oak Banking Company, with service through the next annual meeting. He will receive pro-rated non-employee director compensation under the company’s existing plan. Mr. Lunsford is Chairman and co-founder of DefenseStorm and, together with his immediate family, owns approximately 8.83% of DefenseStorm. The filing discloses related ownership: other directors/executives and families own 3.96%, and Live Oak Ventures, Inc. owns 4.49% of DefenseStorm as of June 30, 2025. The Bank paid DefenseStorm $469,152 in 2024 and $484,881 year-to-date in 2025 for IT and cybersecurity services. The Company attached a press release as Exhibit 99.1 announcing the appointment.
Live Oak Bancshares appointed Jeffrey Williams Lunsford to its Board and to the board of its wholly owned bank subsidiary, with service through the next annual shareholders' meeting and pro-rated non-employee director compensation. Mr. Lunsford is Chairman and a co-founder of DefenseStorm, a provider of information technology and cybersecurity solutions for financial institutions.
The filing discloses ownership and vendor relationships: Mr. Lunsford and family own approximately 8.83% of DefenseStorm; certain other directors and executives and their related interests own about 3.96%; the company’s subsidiary Live Oak Ventures owns about 4.49%. The Bank paid DefenseStorm $469,152 in 2024 and $484,881 year-to-date in 2025. A press release announcing the appointment is attached as an exhibit.