Live Oak Bancshares Inc LOB Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Davis Micah S

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-8,613

Price:

$39.87
Mar 07, 2024 (filed on Mar 11, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-1,041

Price:

$41.37
Mar 07, 2024 (filed on Mar 11, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-9,459

Price:

$40.58
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Petty Miltom Emmett

Ownership Type:

Direct Ownership

Securities:

Stock Option (right to buy)

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-30,000

Price:

--
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Petty Miltom Emmett

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$39.73
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Petty Miltom Emmett

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

30,000

Price:

$4.40
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-177

Price:

--
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-89

Price:

$39.30
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

177

Price:

--
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Spencer Courtney

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-2,000

Price:

--

Filings by filing date

Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Davis Micah S

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-8,613

Price:

$39.87
Mar 07, 2024 (filed on Mar 11, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-1,041

Price:

$41.37
Mar 07, 2024 (filed on Mar 11, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-9,459

Price:

$40.58
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Petty Miltom Emmett

Ownership Type:

Direct Ownership

Securities:

Stock Option (right to buy)

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-30,000

Price:

--
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Petty Miltom Emmett

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$39.73
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Petty Miltom Emmett

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

30,000

Price:

$4.40
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-177

Price:

--
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-89

Price:

$39.30
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Sutherland John W.

Ownership Type:

Direct Ownership

Securities:

Voting Common Stock

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

177

Price:

--
Feb 23, 2024 (filed on Feb 26, 2024)

Insider Name:

Spencer Courtney

Ownership Type:

Direct Ownership

Securities:

Restricted Stock Units

Nature of Transaction:

M - Exercise or conversion exempt under rule 16b-3

# or value acquired/disposed of:

-2,000

Price:

--

News

Biz Brief

Sector: Financials	Industry: Banks

See Regulatory Filings on SEC

Company Contact

Address:	1741 Tiburon Drive WILMINGTON NC 28403
Tel:	N/A
Website:	www.liveoakbank.com
IR:	See website

Key People

James S. Mahan Chairman of the Board, Chief Executive Officer	Steven J. Smits Chief Credit Officer	William C. Losch President, President of Live Oak Bank
William L. Williams Vice Chairman of the Board, Executive Vice President	Walter J. Phifer Chief Financial Officer, Treasurer	Huntley Garriott President of Live Oak Banking Company
J. Wesley Sutherland Chief Accounting Officer	Renato Derraik Chief Information and Digital Officer of Live Oak Banking Company	Gregory W. Seward Chief Risk Officer, General Counsel
Stephanie A. Mann Chief Strategy Officer

Business Overview

Live Oak Bancshares, Inc. is a bank holding company. The Company conducts business operations through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending and deposit-related services to small businesses nationwide. Its segments include Banking and Fintech. Banking segment specializes in providing financing services to small businesses nationwide in industries and deposit-related services to small businesses, consumers, and other customers nationwide. The Fintech segment is involved in making strategic investments in emerging financial technology companies. The Fintech segment is comprised of the Company's direct wholly owned subsidiaries, Live Oak Ventures, Inc. and Canapi Advisors, LLC, and the investments held by those entities, as well as the Bank's investment in Apiture, Inc. The Bank's loan portfolio includes commercial and industrial loans, construction and development loans, commercial real estate, and commercial land.

Financial Overview

For the fiscal year ended 31 December 2023, Live Oak Bancshares Inc interest income increased 55% to $688.3M. Net interest income after loan loss provision increased 3% to $294M. Net income decreased 58% to $73.9M. Net interest income after loan loss provision reflects Banking segment increase of 2% to $294.5M. Net income was offset by Fintech segment loss totaling $3.2M vs. income of $109.7M, Other segment loss increase of 6% to $5.7M.

Employees:	943 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$1,090M as of Dec 31, 2023
Annual revenue (TTM):	$688.28M as of Dec 31, 2023
EBITDA (TTM):	$122.01M as of Dec 31, 2023
Net annual income (TTM):	$73.90M as of Dec 31, 2023
Free cash flow (TTM):	$567.91M as of Dec 31, 2023
Net Debt Last Fiscal Year:	N/A
Shares outstanding:	44,936,357 as of Mar 22, 2024
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization