Live Oak Bancshares Inc (N:LOB)

Apr 10, 2024 09:00 am ET
Live Oak Bancshares, Inc. Announces Date of First Quarter 2024 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its first quarter 2024 financial results after U.S. financial markets close on Wednesday, April 24, 2024. In conjunction with this announcement, Live Oak will...
Feb 14, 2024 08:00 am ET
Live Oak Ventures Participates in Financing of Anatomy Financial
Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Anatomy Financial, an AI-powered financial automation solution for medical, dental, digital health, and healthcare billing companies. “Live Oak is...
Jan 24, 2024 04:30 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2023 Results
Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported fourth quarter of 2023 net income of $16.2 million, or $0.36 per diluted share. Net income for the year ended December 31, 2023, totaled $73.9 million, or $1.64 per...
Jan 10, 2024 08:30 am ET
Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2023 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its fourth quarter 2023 financial results after U.S. financial markets close on Wednesday, January 24, 2024. In conjunction with this announcement, Live Oak...
Jan 09, 2024 10:33 am ET
Stiegler EdTech Announces Grant from Live Oak Bank to Expand its Newly Launched Varsity Esports & STEM League to Eastern NC
WILMINGTON, N.C., Jan. 9, 2024 /PRNewswire/ -- Stiegler EdTech announced today that its latest Charlotte-based technology workforce program Varsity Esports & STEM League (VESL) is expanding to Eastern NC thanks to the leadership and continued support of Live Oak Bank and its philanthropic commitment to education and workforce development.
Nov 20, 2023 08:45 am ET
Live Oak Bank Tops SBA’s 100 Most Active 7(a) Lenders
Live Oak Bank has been named the most active SBA 7(a) lender by dollar amount by the U.S. Small Business Administration for the sixth year in a row. The results were posted to the SBA website and display the country’s top SBA 7(a) lenders by...
Nov 14, 2023 05:00 pm ET
Live Oak Bancshares Announces Executive Appointments, Including Walter J. Phifer Named as Chief Financial Officer
Live Oak Bancshares announced today that its Board of Directors has made several organizational appointments including naming a new Chief Financial Officer and President of Live Oak Bancshares. In a natural evolution of his position as general...
Oct 25, 2023 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2023 Results
Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2023 net income of $39.8 million, or $0.88 per diluted share. “The success of our quarter shows that Live Oak Bank remains on a path of...
Oct 11, 2023 10:00 am ET
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2023 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its third quarter 2023 financial results after U.S. financial markets close on Wednesday, October 25, 2023. In conjunction with this announcement, Live Oak will...
Sep 19, 2023 06:00 am ET
LaSalle St. Establishes Relationship with Live Oak Bank
Additional Funding Source Will Accelerate Growth Objectives for Firm and Affiliated Advisors
Aug 25, 2023 04:30 pm ET
Live Oak Bank Names William C. (BJ) Losch, III as President
Live Oak Bancshares (“Live Oak” or the “company”) announced today its Board of Directors has appointed William C. (BJ) Losch, III as President of Live Oak Bank effective today. Losch will continue to serve in his role as Chief Financial Officer of...
Jul 25, 2023 04:45 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2023 Results
Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported second quarter of 2023 net income of $17.5 million, or $0.39 per diluted share. “This is a seminal moment in Live Oak’s history,” said Live Oak Chairman and CEO...
Jul 11, 2023 09:30 am ET
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2023 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its second quarter 2023 financial results after U.S. financial markets close on Tuesday, July 25, 2023. In conjunction with this announcement, Live Oak will...
Apr 26, 2023 07:07 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2023 Results
Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2023 net income of $398 thousand, or $0.01 per diluted share. “The headlines for the first quarter of 2023 centered around deposits, liquidity, and...
Mar 08, 2023 10:30 am ET
Live Oak Ventures Participates in Series Seed Financing of Pharmacy Marketplace
Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Pharmacy Marketplace, a software platform created by independent pharmacy owners for independent pharmacy owners to support real-time purchasing...
Jan 31, 2023 04:35 pm ET
Live Oak Bank’s Voice of the Customer Survey Offers In-Depth Analysis of Customer Sentiment
Live Oak Bank has released its first Voice of the Customer survey, powered by Barlow Research Associates, to deliver insights, industry benchmarks and candid advice to help small business owners define challenges and opportunities. Barlow...
Jan 25, 2023 04:30 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2022 Results
Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported fourth quarter of 2022 net income of $1.8 million, or $0.04 per diluted share. Net income for the year ended December 31, 2022, totaled $176.2 million, or $3.92 per...
Jan 11, 2023 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2022 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its fourth quarter 2022 financial results after U.S. financial markets close on Wednesday, January 25, 2023. In conjunction with this announcement, Live Oak...
Dec 02, 2022 07:30 am ET
Live Oak Bancshares, Inc. Announces Transfer of Listing of Voting Common Stock to the New York Stock Exchange
Live Oak Bancshares, Inc. (Nasdaq: LOB) announced today that it is transferring the listing of its voting common stock to the New York Stock Exchange (NYSE) from The Nasdaq Stock Market LLC (Nasdaq). Live Oak Bancshares’ voting common stock will...
Oct 26, 2022 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2022 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2022 net income of $42.9 million, or $0.96 per diluted share. The third quarter of 2022 included a pretax gain of $28.4 million related to the...
Oct 14, 2022 10:30 am ET
Live Oak Bank Tops SBA’s 100 Most Active 7(A) Lenders
Live Oak Bank has been named the most active SBA 7(a) lender by dollar amount by the U.S. Small Business Administration for the fifth year in a row. The results were posted to the SBA website and display the country’s top 100 SBA 7(a) lenders by...
Oct 12, 2022 04:00 pm ET
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2022 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2022 financial results after U.S. financial markets close on Wednesday, October 26, 2022. In conjunction with this announcement, Live Oak...
Sep 19, 2022 04:30 pm ET
Live Oak Bancshares Appoints Yousef A. Valine to Board of Directors
Live Oak Bancshares announced the appointment of Yousef A. Valine to its board of directors effective September 15, 2022. Valine has also been appointed to the board of directors of Live Oak Bank. “We are very pleased to welcome Yousef to our...
Sep 07, 2022 04:20 pm ET
Live Oak Bank to Expand Workforce to Support Its Mission to Be America’s Small Business Bank
Live Oak Bank commits to adding 204 jobs over the next five years and investing $25 million in campus expansions thanks in part to three investment grants given by the State of North Carolina, New Hanover County and the city of Wilmington. The...
Sep 07, 2022 11:15 am ET
Live Oak Bank Announces Lending Partnership with Ramp
Live Oak Bank announces it has been named a small business lending partner for Ramp, the finance automation platform and corporate card designed to help businesses spend less. Live Oak, the nation’s leading Small Business Administration (SBA)...
Sep 06, 2022 10:00 am ET
Live Oak Ventures Exits Payrailz Continuing Its Investment Momentum
Live Oak Ventures has exited its investment in Payrailz, LLC (Payrailz) a digital payments platform, recently acquired by Jack Henry & Associates, Inc. (Jack Henry). Live Oak anticipates an estimated pre-tax gain of approximately $28 million,...
Sep 01, 2022 05:30 pm ET
Live Oak Bank Expands SBA General Lending Team to Deliver Financial Solutions for America’s Small Businesses
Live Oak Bank, a subsidiary of Live Oak Bancshares, announces 10 accomplished lenders have joined the bank’s General Small Business Administration (SBA) Lending team since the first half of 2022. The experienced lenders work with brokers,...
Aug 03, 2022 11:46 am ET
CVE North America and Live Oak Bank close permanent debt financing of two more community solar farms in Massachusetts
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- CVE North America ("CVE") and Live Oak Bank ("Live Oak") have successfully closed a permanent debt financing of approximately $6.6MM for two Acushnet, MA projects totaling 4.2 megawatts (MW).
Jul 27, 2022 04:30 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2022 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported second quarter of 2022 net income of $97.0 million, or $2.16 per diluted share. The second quarter of 2022 included a pretax gain of $120.5 million related to the...
Jul 22, 2022 02:00 pm ET
Live Oak Bank Employees Assemble 3,000 Hygiene Kits for Local Wilmington Community
Live Oak Bank employees packed 3,000 hygiene kits to benefit local shelters, women’s centers, and hurricane relief.  More than 700 Live Oakers participated in the charitable service project on Wednesday, July 20, to benefit the greater Wilmington...
Jul 20, 2022 04:30 pm ET
Live Oak Bancshares Appoints Casey S. Crawford to Board of Directors
Live Oak Bancshares announced the appointment of Casey S. Crawford to its board of directors effective today. Crawford has also been appointed to the board of directors of Live Oak Bank. “We are very pleased to welcome Casey to our board of...
Jul 13, 2022 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2022 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its second quarter 2022 financial results after U.S. financial markets close on Wednesday, July 27, 2022. In conjunction with this announcement, Live Oak will...
Jul 11, 2022 12:00 pm ET
Live Oak Ventures Participates in Series A Financing of Asset Class
Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Asset Class, a Dublin-based fintech that provides a range of innovative, custom investment management software solutions to clients across financial...
Jun 09, 2022 08:00 am ET
Leading business identity platform Middesk raises $57M Series B co-led by Insight Partners and Canapi Ventures
SAN FRANCISCO, June 9, 2022 /PRNewswire/ -- Middesk, the leading identity platform automating business verification and underwriting decisions, announced today that it has raised $57 million in a Series B round. The round was co-led by New York-based private equity and venture capital firm Insight Partners and Canapi Ventures, with additional investments from existing investors Sequoia and Accel, as well as Gaingels. Middesk will use the capital to invest in new and existing products, scale the team, and educate the market about business identity. 
Jun 08, 2022 08:30 am ET
Live Oak Ventures Participates in Series B Financing of AgencyKPI
Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in AgencyKPI, developer of the first business intelligence platform designed to address and manage data in the insurance industry. Live Oak...
Apr 27, 2022 04:45 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2022 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2022 net income of $34.5 million, or $0.76 per diluted share. “Live Oak Bank continues to focus on soundness, profitability and growth – in that...
Apr 13, 2022 10:30 am ET
Live Oak Bancshares, Inc. Announces Date of First Quarter 2022 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its first quarter 2022 financial results after U.S. financial markets close on Wednesday, April 27, 2022. In conjunction with this announcement, Live Oak will...
Feb 15, 2022 11:00 am ET
Live Oak Bank Expands Embedded Banking Team
Live Oak Bank announced today that Jake Tupa will lead the organization’s embedded banking efforts. Tupa, Live Oak’s head of embedded banking, brings a deep understanding of fintech partnership strategy, banking infrastructure and financial...
Jan 25, 2022 04:45 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2021 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported fourth quarter 2021 net earnings available to common shareholders of $30.1 million, or $0.66 per diluted share.   Net earnings for the year ended December 31,...
Jan 11, 2022 12:00 pm ET
Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2021 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its fourth quarter 2021 financial results after U.S. financial markets close on Tuesday, January 25, 2022. In conjunction with this announcement, Live Oak...
Dec 08, 2021 11:30 am ET
Live Oak Bank Named 2021 Greenwich CX Leader for Redefining Customer Interactions
Live Oak Bank has been named a 2021 Greenwich CX Leader in the U.S. Commercial Small Business Banking category by Coalition Greenwich. The Greenwich CX awards recognize financial organizations that have excelled in three customer experience...
Nov 17, 2021 01:00 pm ET
Live Oak Bank Named Top 2021 USDA Business & Industry Lender
Live Oak Bank has been named the leading 2021 U.S. Department of Agriculture lender by volume for its Business & Industry (B&I) guaranteed loan program. Live Oak was presented the award in October by Dr. Karama Neal, administrator of the Rural...
Nov 04, 2021 11:04 am ET
Summit Ridge Energy and Osaka Gas Reach Solar Milestones in Maine
ARLINGTON, Va., Nov. 4, 2021 /PRNewswire/ -- Summit Ridge Energy ("SRE") announced today the completion of the first project in their 200 MW Maine community solar portfolio, a 6.3 MWdc array in Hermon, ME that will serve 850 households and small businesses across the state.
Oct 27, 2021 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2021 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported third quarter 2021 net earnings available to common shareholders of $33.8 million, or $0.76 per diluted share. “Live Oak is on a journey to define small business...
Oct 13, 2021 10:00 am ET
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2021 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2021 financial results after U.S. financial markets close on Wednesday, October 27, 2021. In conjunction with this announcement, Live Oak...
Sep 23, 2021 01:00 pm ET
Live Oak Bank Surpasses $1 Billion in Renewable Energy Loans to Support Rural Communities
Live Oak Bank has reached a milestone in providing more than $1.2 billion in renewable energy financing for solar and bioenergy projects in rural communities nationwide. Live Oak is the largest U.S. Department of Agriculture (USDA) lender in the...
Sep 08, 2021 09:15 am ET
Live Oak Bank Completes Digital Banking Conversion with the Apiture Open Platform
Complete migration of 60,000 retail customer accounts to Apiture's API-first solution
Sep 07, 2021 08:00 am ET
Live Oak Bank’s Vision to Change the Infrastructure of Banking Begins with Successful Conversion to Finxact Core
Live Oak Bancshares (Live Oak) announced today it successfully converted Live Oak Bank deposit customers from its legacy core system to the Finxact cloud-based core. The conversion of more than 60,000 customer accounts, the largest conversion...
Jul 21, 2021 04:35 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2021 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported second quarter 2021 net earnings available to common shareholders of $63.6 million, or $1.41 per diluted share. The second quarter of 2021 included a pretax gain...
Jul 07, 2021 04:15 pm ET
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2021 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its second quarter 2021 financial results after U.S. financial markets close on Wednesday, July 21, 2021. In conjunction with this announcement, Live Oak will...
Jun 30, 2021 04:22 pm ET
William C. (BJ) Losch, III to Join Live Oak Bancshares as Chief Financial Officer
Live Oak Bancshares (“Live Oak” or the “company”) announced today that William C. (BJ) Losch, III will assume the role of Chief Financial Officer of the company on September 1, 2021. Losch will also assume the role of CFO of Live Oak Bank. Losch...
May 10, 2021 10:00 am ET
Renato Derraik to Join Live Oak Bank as Chief Information & Digital Officer
Live Oak Bank announced today that Renato Derraik will join as Chief Information & Digital Officer (CIDO), leading the bank’s digital transformation efforts. He assumes his role on June 7. “We are very pleased to welcome Renato to our team,” said...
Apr 21, 2021 04:30 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2021 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported first quarter 2021 net earnings available to common shareholders of $39.4 million, or $0.88 per diluted share. “Live Oak continued to serve America’s small...
Apr 07, 2021 10:00 am ET
Live Oak Bancshares, Inc. Announces Date of First Quarter 2021 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its first quarter 2021 financial results after U.S. financial markets close on Wednesday, April 21, 2021. In conjunction with this announcement, Live Oak...
Feb 23, 2021 01:00 pm ET
Live Oak Bancshares Appoints David G. Lucht to Board of Directors
Live Oak Bancshares announced today the appointment of David G. Lucht to its board of directors effective immediately. Lucht has also been appointed to the board of directors of Live Oak Bank. “David has been part of the heart and soul of Live Oak...
Feb 04, 2021 03:00 pm ET
Live Oak Bank Announces $2.5 Million Investment with Cape Fear Collective to Bring Affordable Housing to the Wilmington Region
Live Oak Bank has announced a $2.5 million investment with Cape Fear Collective designed to support affordable housing solutions in the Wilmington region. The investment is part of a broader initiative through Cape Fear Collective Ventures, a...
Jan 27, 2021 04:30 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2020 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported fourth quarter 2020 net earnings available to common shareholders of $29.6 million, or $0.68 per diluted share, as the Company continues to execute on our...
Jan 21, 2021 12:00 pm ET
National Rural Lenders’ Roundtable Names Live Oak Bank’s Jordan Blanchard as President
The National Rural Lenders’ Roundtable has tapped Jordan Blanchard, Live Oak Bank’s head of energy and infrastructure lending, to serve as president. The National Rural Lenders' Roundtable works with financial institutions and organizations to...
Jan 14, 2021 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date Of Fourth Quarter 2020 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its fourth quarter 2020 financial results after U.S. financial markets close on Wednesday, January 27, 2021. In conjunction with this announcement, Live Oak...
Dec 16, 2020 04:00 pm ET
Live Oak Bank Named Leading USDA Commercial Lender
Live Oak Bank has been named the top 2020 commercial lender by the U.S. Department of Agriculture Rural Development.   The results were announced Dec. 15, with Live Oak leading the 181 commercial lenders that partnered with the USDA in 2020 to...
Oct 29, 2020 02:00 pm ET
Live Oak Bank Tops the SBA’s 100 Most Active 7(a) Lenders
Live Oak Bank has been named the most active SBA 7(a) lender by dollar amount by the U.S. Small Business Administration.   The results were posted to the SBA website and display the country’s top 100 SBA 7(a) lenders by loan volume for the...
Oct 21, 2020 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2020 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or the “Company”) today reported third quarter 2020 net income of $33.8 million, or $0.81 per diluted share, compared to net income of $3.9 million, or $0.09 per diluted share, for the third...
Oct 07, 2020 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2020 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2020 financial results after U.S. financial markets close on Wednesday, October 21, 2020. In conjunction with this announcement, Live...
Sep 17, 2020 04:30 pm ET
Live Oak Bancshares Appoints Dr. Tonya Bradford to Board of Directors
Live Oak Bancshares announced today the appointment of Dr. Tonya Bradford to its board of directors effective September 16, 2020. Dr. Bradford has also been appointed to the board of directors of Live Oak Bank. “We are very pleased to welcome...
Jul 22, 2020 05:00 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2020 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or the “Company”) today reported second quarter 2020 net income of $3.8 million, or $0.09 per diluted share, compared to net income of $4.9 million, or $0.12 per diluted share, for the second...
Jul 08, 2020 11:00 am ET
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2020 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its second quarter 2020 financial results after U.S. financial markets close on Wednesday, July 22, 2020. In conjunction with this announcement, Live Oak will...
May 13, 2020 11:00 am ET
Live Oak BusinessPulse Offers Economic Insights and Impacts to Small Business in the Midst of the Coronavirus Pandemic
Live Oak Bank announced today the release of the Q2 Live Oak BusinessPulse, a quarterly report covering analysis of business sentiment and economic insight, with special coverage on the COVID-19 pandemic’s impact to small business. The...
Apr 22, 2020 04:45 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2020 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported a first quarter 2020 net loss of $7.6 million, or $(0.19) per diluted share, compared to net earnings of $2.4 million, or $0.06 per diluted share, for the first...
Apr 08, 2020 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date of First Quarter 2020 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its first quarter 2020 financial results after U.S. financial markets close on Wednesday, April 22, 2020. In conjunction with this announcement, Live Oak will...
Jan 22, 2020 04:30 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2019 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported fourth quarter 2019 net earnings available to common shareholders of $6.8 million, or $0.17 per diluted share as the Company continues to execute on our strategic...
Jan 08, 2020 01:00 pm ET
Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2019 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its fourth quarter 2019 financial results after U.S. financial markets close on Wednesday, January 22, 2020. In conjunction with this announcement, Live Oak...
Nov 13, 2019 10:00 am ET
Live Oak Bank Named USDA Commercial Lender of the Year
Live Oak Bank has been named the 2019 Commercial Lender of the Year by the U.S. Department of Agriculture Rural Development.   Live Oak was presented the award on October 22nd for being the highest volume lender nationwide for the USDA’s loan...
Oct 23, 2019 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2019 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported third quarter net earnings available to common shareholders of $3.9 million, or $0.09 per diluted share, compared to $14.3 million, or $0.34 per diluted share, for...
Oct 09, 2019 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2019 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2019 financial results after U.S. financial markets close on Wednesday, October 23, 2019. In conjunction with this announcement, Live Oak...
Oct 07, 2019 10:00 am ET
Live Oak Bancshares Appoints David Salyers to Board of Directors
Live Oak Bancshares announced today the appointment of David Salyers to its board of directors effective October 3, 2019. Salyers has also been appointed to the board of directors of Live Oak Bank. Salyers spent 37 years at Chick-fil-A, Inc., and...
Sep 18, 2019 10:30 am ET
Live Oak Bank Surpasses $1 Billion in Community Pharmacy Loans
Live Oak Bank has reached a milestone in providing more than $1 billion in loans to independent pharmacists nationwide. Live Oak made its first pharmacy loan in 2010 and has since provided financing to more than 660 community pharmacists across...
Aug 20, 2019 12:00 pm ET
Live Oak Bank Named One of Entrepreneur Magazine's Top Franchise Suppliers
Live Oak Bank has been named a top franchise supplier by Entrepreneur Magazine. Live Oak placed #9 in the banking/finance category, one of 10 categories on the second annual listing which is based on feedback from over 500 franchisors.  Live Oak's...
Aug 16, 2019 02:22 pm ET
Live Oak Bancshares Named to Fortune’s 2019 100 Fastest-Growing Companies List
Live Oak Bancshares has been named to Fortune’s 100 Fastest-Growing Companies list, ranking 36th among the world’s top three-year performers in revenues, profits, and stock returns. “We strongly believe in a model of soundness, profitability and...
Aug 07, 2019 10:00 am ET
Live Oak Bank BusinessPulse Launches to Give Economic Insight to Small Business Owners
Live Oak Bank announced today the launch of the Live Oak Bank BusinessPulse, a quarterly report covering analysis of business sentiment and economic insight. The BusinessPulse, powered by Barlow Research Associates, Inc., provides detailed...
Jul 26, 2019 10:00 am ET
James Capolongo Joins Live Oak Bank as Head of Deposits and Payments
Live Oak Bank announced today that James Capolongo has joined the company as head of deposits and payments. Capolongo will provide oversight of all deposit functions including deposit product management, strategy and operations.  “James is an...
Jul 24, 2019 04:30 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2019 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported second quarter net earnings available to common shareholders of $4.9 million, or $0.12 per diluted share, compared to $14.3 million, or $0.34 per diluted share,...
Jul 10, 2019 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2019 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its second quarter 2019 financial results after U.S. financial markets close on Wednesday, July 24, 2019. In conjunction with this announcement, Live Oak will...
Apr 24, 2019 04:30 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2019 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported first quarter net earnings available to common shareholders of $2.4 million, or $0.06 per diluted share, compared to $12.5 million, or $0.30 per diluted share, for...
Apr 10, 2019 06:00 pm ET
Live Oak Bancshares, Inc. Announces Date of First Quarter 2019 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its first quarter 2019 financial results after U.S. financial markets close on Wednesday, April 24, 2019. In conjunction with this announcement, Live Oak...
Jan 23, 2019 04:30 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2018 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported fourth quarter net earnings available to common shareholders of $10.5 million, or $0.26 per diluted share, compared to $71.7 million, or $1.74 per diluted share,...
Jan 17, 2019 10:00 am ET
Kenneth Dodds Joins Live Oak Bank’s Government Contracting Lending Team
Live Oak Bank announced today that Kenneth Dodds has joined the company as an industry expert for the government contracting lending team. Dodds brings more than 20 years of extensive Small Business Administration (SBA) experience in government...
Jan 09, 2019 06:00 pm ET
Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2018 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its fourth quarter 2018 financial results after U.S. financial markets close on Wednesday, January 23, 2019. In conjunction with this announcement, Live Oak...
Nov 07, 2018 11:00 am ET
Live Oak Bank Named USDA Lender of the Year
Live Oak Bank has been named the 2018 Lender of the Year by the U.S. Department of Agriculture’s Rural Business and Cooperative Service.   Live Oak was presented the award Oct. 24 for being the highest volume lender nationwide for USDA’s Rural...
Oct 31, 2018 10:00 am ET
Live Oak Bank and Argent Financial Group Form Strategic Alliance for Funeral Home Trust Services
Live Oak Bank, a leader in funeral home and cemetery lending, announced today that it has entered a purchase and sale agreement with Argent Financial Group, a leader in trust services, to divest its pre-need funeral trust business. Live Oak Bank...
Oct 24, 2018 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2018 Results
Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported third quarter net earnings available to common shareholders of $14.3 million, or $0.34 per diluted share, compared to $12.9 million, or $0.33 per diluted share,...
Oct 10, 2018 06:09 pm ET
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2018 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its third quarter 2018 financial results after U.S. financial markets close on Wednesday, October 24, 2018. In conjunction with this announcement, Live Oak...
Sep 26, 2018 12:00 pm ET
Huntley Garriott Appointed Live Oak Bank President
Live Oak Bank announced today that its Board of Directors has appointed Huntley Garriott as bank president effective Monday, Sept. 24, 2018. Garriott, former partner at Goldman Sachs, brings a wealth of experience as Live Oak Bank continues to...
Sep 18, 2018 01:00 pm ET
Live Oak Bank Operational Update on Hurricane Florence
As a member of the Wilmington community, Live Oak Bank understands the impact from Hurricane Florence is far from over. We are fortunate to report today that there has been no interruption to service of our customers. Our headquarters have...
Sep 04, 2018 08:00 am ET
Live Oak Bank Launches Live Oak Private Wealth
Live Oak Bank is pleased to announce the creation of Live Oak Private Wealth, a company dedicated to providing high-net-worth individuals and families with the wealth and investment management strategies they need to pursue their financial goals....
Sep 04, 2018 07:40 am ET
Recent Analysis Shows PennyMac Mortgage Investment Trust, Heritage Commerce, L Brands, Live Oak Bancshares, Northfield, and Omnicell Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of PennyMac Mortgage Investment Trust (NYSE:PMT), Heritage Commerce Corp...
Aug 28, 2018 04:45 pm ET
Live Oak Bank Named 2018 BAI Global Innovation Awards Winner
Live Oak Bank has been selected as the winner of the 2018 BAI Global Innovation Awards in the internal process innovation category for converting all bank operations completely to the cloud.   “Live Oak Bank completely transitioned its internal IT...
Aug 07, 2018 04:30 pm ET
Live Oak Bank Announces Alliance with Whitman Business Advisors
Live Oak Bank is pleased to announce an alliance with Whitman Business Advisors designed to help accounting and tax firm owners simplify the process of buying or selling a firm. With the steady growth of ownership transfers in the accounting...
Jul 31, 2018 04:30 pm ET
Live Oak Bank Adds Three Accomplished Lenders to the General SBA Lending Team
Live Oak Bank announces Kelley Mears, Paul Moreno and Seth Vander Woude will serve as senior loan officers for the bank’s General Small Business Administration (SBA) Lending team. The three experienced lenders will specialize in business...
Jul 25, 2018 04:30 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2018 Results
Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported second quarter net earnings available to common shareholders of $14.3 million, or $0.34 per diluted share, compared to $9.8 million, or $0.27 per diluted share, for...
Jul 12, 2018 11:00 am ET
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2018 Financial Results
Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its second quarter 2018 financial results after U.S. financial markets close on Wednesday, July 25, 2018. In conjunction with this announcement, Live Oak will...
Jun 14, 2018 04:30 pm ET
Live Oak Bank Surpasses $500 Million in Renewable Energy Loans
Live Oak Bank has reached a milestone in closing over 100 renewable energy loans in just a year and a half, providing more than $500 million in financing to renewable energy project developers nationwide. Live Oak is the largest USDA Rural Energy...
May 31, 2018 02:00 pm ET
Live Oak Bank Surpasses $100 Million in Insurance Loans
Live Oak Bank has reached a milestone in closing more than $100 million in financing to the insurance industry nationwide including retail agents, managing general agencies, and third-party administrators. Live Oak is one of the top insurance...
May 30, 2018 04:30 pm ET
Live Oak Bank Announces Ryan Furstenau and John Randall Join Mergers & Acquisitions Team
Live Oak Bank announces Ryan Furstenau and John Randall will serve as a senior loan officers for the bank’s mergers and acquisitions team. Furstenau and Randall will specialize in business acquisitions, real estate equipment and partner buyouts....
May 25, 2018 07:55 am ET
New Research Coverage Highlights Franklin Electric Co., ForeScout Technologies, State Bank Financial, Meta Financial Group, Utah Medical Products, and Live Oak Bancshares — Consolidated Revenues, Comp
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Franklin Electric Co., Inc. (NASDAQ:FELE), ForeScout Technologies, Inc....
May 22, 2018 10:00 am ET
Live Oak Bank Announces New Lending Segment for Franchise Restaurants
Live Oak Bank announced today it has officially launched a new lending division focused on financing for the franchise restaurant industry.  The vertical marks Live Oak’s 18th industry specific lending division and will include all franchise...
May 03, 2018 11:00 am ET
Live Oak Bank Named to Bankrate’s List of Best Online Savings Accounts
Live Oak Bank has been named by BankRate.com as one of the nation’s best choices for online savings accounts. Live Oak’s high-yield online savings account was awarded the top ranking for the ease of use category.   “We understand that customers...
Apr 30, 2018 04:30 pm ET
Canapi Inc. Names Timur Davis as Principal
WILMINGTON, N.C., April 30, 2018 (GLOBE NEWSWIRE) -- Canapi Inc. announced today the appointment of Timur Davis as principal for the fintech-focused company.
Apr 25, 2018 04:30 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2018 Results
WILMINGTON, N.C., April 25, 2018 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported first quarter net earnings available to common shareholders of $12.5 million, or $0.30 per diluted share, compared to...
Apr 23, 2018 11:00 am ET
Live Oak Bancshares Names Huntley Garriott as President of Live Oak Bank
Huntley Garriott, previously with Goldman Sachs, assumes role from Scott Custer who will continue to serve in a senior leadership position
Apr 19, 2018 11:00 am ET
Live Oak Bank Names Susan Janson Chief Risk Officer
WILMINGTON, N.C., April 19, 2018 (GLOBE NEWSWIRE) -- Live Oak Bank announced today the appointment of Susan Janson as chief risk officer for the bank.  
Apr 12, 2018 11:00 am ET
Live Oak Bank Announces John Wahl Joins Mergers & Acquisitions Team
WILMINGTON, N.C., April 12, 2018 (GLOBE NEWSWIRE) -- Live Oak Bank announces John Wahl will serve as a senior loan officer for the bank’s mergers and acquisitions team. Wahl specializes in business acquisitions including partner buyouts and stock purchases, owner-occupied real...
Apr 11, 2018 08:30 am ET
Live Oak Bancshares, Inc. Announces Date of First Quarter 2018 Financial Results
WILMINGTON, N.C., April 11, 2018 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its first quarter 2018 financial results after U.S. financial markets close on Wednesday, April 25, 2018.
Apr 09, 2018 06:44 am ET
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Live Oak Bancshares, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
NEW YORK, April 9, 2018 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Live Oak Bancshares, Inc. (NASDAQ: LOB).
Apr 03, 2018 07:30 am ET
New Research Coverage Highlights Live Oak Bancshares, Westamerica, Professional Diversity Network, Connecticut Water Service, Lydall, and Spark Energy — Consolidated Revenues, Company Growth, and Expe
NEW YORK, April 03, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Live Oak Bancshares, Inc. (NASDAQ:LOB), Westamerica...
Mar 15, 2018 04:30 pm ET
Live Oak Bank Announces Mark Cyrus Joins Automotive Care Lending Team
WILMINGTON, N.C., March 15, 2018 (GLOBE NEWSWIRE) -- Live Oak Bank announces Mark Cyrus will serve as a senior loan officer for the bank’s automotive care lending team, which focuses exclusively on financing for businesses that provide quick...
Mar 06, 2018 04:30 pm ET
Live Oak Bank Launches New Inventory Growth Loan™ for Cemeteries
WILMINGTON, N.C., March 06, 2018 (GLOBE NEWSWIRE) -- Live Oak Bank (Live Oak), which specializes in funeral home and cemetery lending, has launched a new conventional loan product called the Inventory Growth Loan™. This innovative product allows cemeterians...
Feb 21, 2018 08:15 am ET
Canapi Inc. Invests in Greenlight Financial Technology, Inc.
Partnership Brings Innovative Digital Banking Solutions to the Fingertips of Parents & Children
Feb 09, 2018 11:00 am ET
Canapi Inc. Launches to Accelerate Digital Banking Transformation
WILMINGTON, N.C., Feb. 09, 2018 (GLOBE NEWSWIRE) -- Live Oak Banchares (NASDAQ:LOB) today announced it has launched Canapi Inc. (Canapi), formerly known as Live Oak Ventures, to transform how financial services are delivered to customers. With a goal...
Feb 06, 2018 11:34 am ET
Corporate Leaders Receive Eighteenth Annual Emerald Asset Management “E-3 Awards”
The chief executive officers of publicly-traded companies Live Oak Bancshares, Inc. (NASDAQ: LOB), Teladoc Inc. (NYSE: TDOC), and Vonage Holdings Corp. (NYSE: VG), have been named as the recipients of the eighteenth annual “E-3 Awards,” presented by Emerald Asset Management at the 25th annual Emerald Groundhog Day Investment Forum, held in Philadelphia on February 1, 2018.
Feb 02, 2018 07:50 am ET
Report: Exploring Fundamental Drivers Behind John B. Sanfilippo & Son, Spero Therapeutics, Live Oak Bancshares, Medtronic, Automatic Data Processing, and Enphase Energy — New Horizons, Emerging Trends
NEW YORK, Feb. 02, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of John B. Sanfilippo & Son, Inc....
Jan 29, 2018 04:30 pm ET
Live Oak Bank Surpasses $350 Million in Self-Storage Loans
WILMINGTON, N.C., Jan. 29, 2018 (GLOBE NEWSWIRE) -- Live Oak Bank (“Live Oak”) has reached a milestone in closing its 165th self-storage loan in December 2017 providing more than $350 million in loans to self-storage company owner-operators nationwide.
Jan 24, 2018 04:30 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2017 Results
WILMINGTON, N.C., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported fourth quarter net earnings available to common shareholders of $71.7 million, or $1.74 per diluted share, compared to...
Jan 17, 2018 04:30 pm ET
Live Oak Bank Announces Jennifer Williams Joins Renewable Energy Lending Team
WILMINGTON, N.C., Jan. 17, 2018 (GLOBE NEWSWIRE) -- Live Oak Bank announces Jennifer Williams will serve as a senior loan officer for the bank’s renewable energy lending team, which focuses exclusively on utility-scale solar, energy storage and waste-to-energy project...
Jan 10, 2018 05:14 pm ET
Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2017 Financial Results
WILMINGTON, N.C., Jan. 10, 2018 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its fourth quarter 2017 financial results after U.S. financial markets close on Wednesday, January 24, 2018.
Dec 07, 2017 04:30 pm ET
Live Oak Bank Announces New Lending Segment for the Automotive Care Industry
WILMINGTON, N.C., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Live Oak Bank (“Live Oak”) announced today it has officially launched a new lending division focused on financing for the automotive care industry.  The vertical marks Live Oak’s 16th industry...
Nov 06, 2017 04:30 pm ET
Live Oak Bank Adds Jackie Robinson-Burnette as Industry Expert for the Government Contracting Segment
WILMINGTON, N.C., Nov. 06, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) announced today that the bank is expanding its government contracting expertise through the hire of Jackie Robinson-Burnette who has joined the company as the federal government contracting lending team’s industry expert....
Nov 06, 2017 04:30 pm ET
Live Oak Bank Adds Jackie Robinson-Burnette as Industry Expert for the Government Contracting Segment
WILMINGTON, N.C., Nov. 06, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) announced today that the bank is expanding its government contracting expertise through the hire of Jackie Robinson-Burnette who has joined the company as...
Oct 25, 2017 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2017 Results
WILMINGTON, N.C., Oct. 25, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported third quarter net earnings available to common shareholders of $12.9 million, or $0.33 per diluted share, compared to $3.5 million, or $0.10 per diluted share, for the third quarter of 2016....
Sep 20, 2017 08:00 am ET
Live Oak Bank Announces Heather Endresen and Lisa Forrest will Lead New Mergers and Acquisitions Lending Team
WILMINGTON, N.C., Sept. 20, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) announces Heather Endresen and Lisa Forrest will serve as senior loan officers for the bank’s new mergers and acquisitions (M&A) lending team. This segment was developed to help customers understand the process of buying other businesses and the role of financing in structuring a transaction....
Aug 08, 2017 04:15 pm ET
Live Oak Bancshares, Inc. Announces Proposed Public Offering of Voting Common Stock
WILMINGTON, N.C., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”), parent company and registered bank holding company of Live Oak Banking Company (the “Bank”), today announced that it has commenced an underwritten offering of approximately 4,500,000 shares of its voting common stock pursuant to its existing shelf registration statement. The Company also intends to grant to the underwriters a 30-day option to purchase up to an additional 15% of the shares of voting common stock sold in the public offering. The Company intends to use the n...
Jul 26, 2017 04:30 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2017 Results
WILMINGTON, N.C., July 26, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported second quarter net earnings available to common shareholders of $9.8 million, or $0.27 per diluted share, compared to $123 thousand, or $0.00 per diluted share, for the second quarter of 2016.  The Company achieved record-level production in the second quarter with loan and lease originations of $586.5 million....
May 09, 2017 06:35 pm ET
Live Oak Bancshares to Host Investor Conference Call
WILMINGTON, N.C., May 09, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) will host a conference call on Wednesday, May 10, 2017, at 9:00 a.m. EST.  On the conference call, senior management from Live Oak will review Live Oak’s announcement of a joint venture with First Data Corporation (NYSE:FDC)....
May 09, 2017 06:16 pm ET
Live Oak Bancshares and First Data Announce New Digital Banking Joint Venture
NEW YORK and WILMINGTON, N.C,, May 09, 2017 (GLOBE NEWSWIRE) -- First Data (NYSE:FDC), a global leader in commerce-enabling technology and Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) parent company to national online lender Live Oak Banking Company and to Live Oak Ventures, today announced a new joint venture to accelerate the growth of next generation digital banking services....
Apr 26, 2017 04:30 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2017 Results
WILMINGTON, N.C., April 26, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported first quarter net earnings available to common shareholders of $6.1 million, or $0.17 per diluted share, compared to $4.7 million, or $0.13 per diluted share, for the first quarter of 2016.  During the first quarter of 2017, the Company completed its acquisition of Reltco, Inc. and National Assurance Title, Inc. (collectively referred to as "Reltco"), two nationwide title agencies under common control based in Tampa, Florida, and incurred merger-related cos...
Apr 10, 2017 04:30 pm ET
Live Oak Bancshares, Inc. Announces Date of First Quarter 2017 Financial Results
WILMINGTON, N.C., April 10, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its first quarter 2017 financial results after U.S. financial markets close on Wednesday, April 26, 2017....
Jan 25, 2017 04:30 pm ET
Live Oak Bancshares, Inc. Reports Fourth Quarter 2016 Results
WILMINGTON, N.C., Jan. 25, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported fourth quarter net earnings available to common shareholders of $5.5 million, or $0.16 per diluted share, compared to $5.7 million, or $0.16 per diluted share, for the fourth quarter of 2015.  The fourth quarter of 2016 included $3.4 million in expense from previously disclosed stock-based compensation awards, a $1.4 million impairment on aircraft slated for sale, and $5.5 million in income tax savings arising from a renewable energy investment. The net ...
Oct 26, 2016 04:30 pm ET
Live Oak Bancshares, Inc. Reports Third Quarter 2016 Results
WILMINGTON, N.C., Oct. 26, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported third quarter net earnings available to common shareholders of $3.5 million, or $0.10 per diluted share, compared to $2.9 million, or $0.09 per diluted share, for the third quarter of 2015.  The third quarter of 2016 included $3.4 million, or $0.06 per diluted share, in stock based compensation expense related to restricted stock awards with an effective grant date of May 24, 2016, for key employee retention, as discussed in Note 10 of our March 31, 2016 F...
Oct 12, 2016 06:13 pm ET
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2016 Financial Results
WILMINGTON, N.C., Oct. 12, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its third quarter 2016 financial results after U.S. financial markets close on Wednesday, October 26, 2016....
Sep 07, 2016 06:00 am ET
Live Oak Bank Announces Utility-Scale Solar Lending Division
WILMINGTON, N.C., Sept. 07, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares (“Live Oak”) (NASDAQ:LOB) has officially launched a new lending division focused on financing for utility-scale solar energy projects nationwide. The bank typically funds projects in the 1-25 mW range....
Jul 27, 2016 04:30 pm ET
Live Oak Bancshares, Inc. Reports Second Quarter 2016 Results
WILMINGTON, N.C., July 27, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported second quarter net earnings available to common shareholders of $123 thousand, or $0.00 per diluted share, compared to $3.9 million, or $0.13 per diluted share for the second quarter of 2015.  The second quarter of 2016 included an incremental loan loss provision of $4.0 million, or $0.07 per diluted share, related to a strategic reclassification of $318.8 million in unguaranteed loans from held for sale to held for investment and $2.2 million, or $0.04 per ...
Jul 14, 2016 04:00 pm ET
Live Oak Bancshares, Inc. Announces Date of Second Quarter 2016 Financial Results
WILMINGTON, N.C., July 14, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc (“Live Oak”) (Nasdaq:LOB) today announced that it will report its second quarter 2016 financial results after U.S. financial markets close on Wednesday, July 27, 2016....
Jun 30, 2016 08:00 am ET
Alistair Canal Joins Live Oak Bank’s eLending Division
WILMINGTON, N.C., June 30, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares (“Live Oak”) (NASDAQ:LOB) is pleased to announce Alistair Canal as the Senior Vice President of Program Alliances. In this role, Al will focus on the strategic development of loan programs for Live Oak’s eLending initiative, forging new alliances and expanding market share in each of the 12 industries to which Live Oak lends....
Apr 27, 2016 05:00 pm ET
Live Oak Bancshares, Inc. Reports First Quarter 2016 Results
WILMINGTON, N.C., April 27, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported first quarter net earnings available to common shareholders of $4.7 million, or $0.13 per diluted share, compared to $8.1 million, or $0.27 per diluted share, for the first quarter of 2015.  The first quarter of 2015 included a pre-tax gain of $3.8 million, or $0.07 per diluted share, from the sale of its nCino, Inc. affiliate....

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