member fdic. the live oak story we started live oak bank in 2007 to provide veterinary business loans to small, independent businesspeople looking to expand, remodel, refinance and/or acquire an existing practice. from the beginning, we took a personal approach and saw our clients not as numbers, but as real people facing real-life opportunities and challenges. we offered big bank expertise and experience without big bank attitudes. it worked - for us as well as our clients - and we expanded our veterinary funding programs to serve the needs of private pharmacies and dental offices. today, live oak has clients across america, but we still see each one as an individual entrepreneur who deserves our undivided attention. we're their bank and we take that responsibility very personally. with this philosophy, live oak is now one of the largest originators of small business loans with one of the strongest loan portfolios in the country. we have extensive experience lending to selected niche
Company profile
Ticker
LOB
Exchange
Website
CEO
James S. Mahan III
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Live Oak Banking Company • Government Loan Solutions, Inc. • Live Oak Grove LLC • (a North Carolina limited • Live Oak Ventures, Inc. • Canapi Advisors, LLC • (a Delaware limited ...
LOB stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
5 Apr 24
DEFA14A
Additional proxy soliciting materials
5 Apr 24
DEF 14A
Definitive proxy
5 Apr 24
8-K
Departure of Directors or Certain Officers
4 Apr 24
10-K
2023 FY
Annual report
22 Feb 24
8-K
Restricted Stock Unit Award Agreement
16 Feb 24
8-K
Other Events
13 Feb 24
8-K
Live Oak Bancshares, Inc. Reports Fourth Quarter 2023 Results
24 Jan 24
8-K
Live Oak Bancshares Announces Executive Appointments, Including Walter J. Phifer Named as Chief Financial Officer
15 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
Transcripts
LOB
Earnings call transcript
2023 Q4
25 Jan 24
LOB
Earnings call transcript
2023 Q3
26 Oct 23
LOB
Earnings call transcript
2023 Q2
26 Jul 23
LOB
Earnings call transcript
2023 Q1
27 Apr 23
LOB
Earnings call transcript
2022 Q4
26 Jan 23
LOB
Earnings call transcript
2022 Q3
27 Oct 22
LOB
Earnings call transcript
2022 Q2
28 Jul 22
LOB
Earnings call transcript
2022 Q1
28 Apr 22
LOB
Earnings call transcript
2021 Q4
26 Jan 22
LOB
Earnings call transcript
2021 Q3
29 Oct 21
Latest ownership filings
4
Micah S Davis
13 Mar 24
4
JOHN W. SUTHERLAND
11 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
4
Miltom Emmett Petty
4 Mar 24
144
Notice of proposed sale of securities
29 Feb 24
4
JOHN W. SUTHERLAND
26 Feb 24
4
Courtney Spencer
26 Feb 24
4
Steve Smits
26 Feb 24
4
Gregory W Seward
26 Feb 24
4
Walter J Phifer
26 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 534.77 mm | 534.77 mm | 534.77 mm | 534.77 mm | 534.77 mm | 534.77 mm |
Cash burn (monthly) | 91.12 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 618.65 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -83.87 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
69.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 171 |
Opened positions | 25 |
Closed positions | 11 |
Increased positions | 60 |
Reduced positions | 42 |
13F shares | Current |
---|---|
Total value | 808.56 bn |
Total shares | 31.21 mm |
Total puts | 69.50 k |
Total calls | 42.50 k |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
T. Rowe Price Investment Management | 6.37 mm | $184.22 bn |
Mahan James S Iii | 3.15 mm | $0.00 |
BLK Blackrock | 2.61 mm | $75.44 bn |
Vanguard | 2.48 mm | $71.84 bn |
Diamond Hill Capital Management | 2.13 mm | $61.55 bn |
Barrow Hanley Mewhinney & Strauss | 1.76 mm | $50.88 bn |
Dimensional Fund Advisors | 1.27 mm | $36.67 bn |
Southernsun Asset Management | 1.04 mm | $30.24 bn |
STT State Street | 956.15 k | $27.68 bn |
AMP Ameriprise Financial | 775.19 k | $22.44 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Mar 24 | Micah S Davis | Voting Common Stock | Sell | Dispose S | No | No | 39.8724 | 8,613 | 343.42 k | 43,864 |
7 Mar 24 | John W. Sutherland | Voting Common Stock | Sell | Dispose S | No | No | 41.3735 | 1,041 | 43.07 k | 46,603 |
7 Mar 24 | John W. Sutherland | Voting Common Stock | Sell | Dispose S | No | No | 40.5774 | 9,459 | 383.82 k | 47,644 |
29 Feb 24 | Petty Miltom Emmett | Voting Common Stock | Sell | Dispose S | No | No | 39.7252 | 10,000 | 397.25 k | 121,941 |
29 Feb 24 | Petty Miltom Emmett | Voting Common Stock | Option exercise | Acquire M | No | No | 4.4 | 30,000 | 132.00 k | 131,941 |
29 Feb 24 | Petty Miltom Emmett | Stock Option Voting Common Stock | Option exercise | Dispose M | No | No | 4.4 | 30,000 | 132.00 k | 0 |
23 Feb 24 | John W. Sutherland | Voting Common Stock | Payment of exercise | Dispose F | No | No | 39.3 | 89 | 3.50 k | 57,103 |
23 Feb 24 | John W. Sutherland | Voting Common Stock | Option exercise | Acquire M | No | No | 0 | 177 | 0.00 | 57,192 |
23 Feb 24 | John W. Sutherland | RSU Voting Common Stock | Option exercise | Dispose M | No | No | 0 | 177 | 0.00 | 356 |
23 Feb 24 | Courtney Spencer | Voting Common Stock | Payment of exercise | Dispose F | No | No | 39.3 | 889 | 34.94 k | 15,176 |
News
Fostering Confidence: Live Oak Bancshares Reliable Progress and Investor Expectations
12 Mar 24
Friday Is Your Last Chance To Buy Live Oak Bancshares Before The Dividend Payout
21 Feb 24
Truist Securities Maintains Buy on Live Oak Bancshares, Lowers Price Target to $47
30 Jan 24
Keefe, Bruyette & Woods Maintains Market Perform on Live Oak Bancshares, Raises Price Target to $45-Report Released on 25 January 2024
26 Jan 24
Recap: Live Oak Bancshares Q4 Earnings
24 Jan 24