Core Insights - The article focuses on the newly listed 8.375% Depository Shares Series A from Live Oak Bancshares (NYSE: LOB) as part of a series on exchange-traded fixed-income security IPOs [1] Group 1 - Live Oak Bancshares has launched a new fixed-income security, which is the 8.375% Depository Shares Series A [1] - The article invites active investors to join a free trial and engage in discussions within a chat room of experienced traders and investors [1]

WILMINGTON, N.C., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today the appointment of Jeffrey W. Lunsford to its board of directors. Lunsford has also been appointed to the board of directors of Live Oak Bank. “As a successful entrepreneur and financial technology expert, Jeff brings a deep level of technical expertise to our board,” said Live Oak Bancshares Chairman and CEO James S. (Chip) Mahan III. “His skill sets are an excellent match for Live Oak as we continue to redefine what it ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 or o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________. Commission file number: 001-37497 LIVE OAK BANCSHARES, INC. (Exact name of registrant as specified in its charter) | North Carolin ...

WILMINGTON, N.C., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or the “Company”) announced the closing of its previously announced underwritten offering of 4,000,000 depositary shares, each representing a 1/40th interest in a share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”), with a liquidation preference of $25 per depositary share. As a result of the public offering, Live Oak received proceeds of approxi ...

WILMINGTON, N.C., July 28, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or the “Company”) announced the pricing of an underwritten offering of 4,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”), with a liquidation preference of $25 per depositary share. When, as and if declared by the board of directors of Live Oak, dividends will be payable ...

Financial Data and Key Metrics Changes - The company reported Q2 earnings per share of $0.51, significantly better than the prior quarter, driven by a 22% linked quarter increase in core operating leverage and a lower quarterly provision expense [9][10] - Top line revenue growth was 10% linked quarter and 20% year over year, showcasing strong earnings power [6][10] - Quarterly net interest income increased by $9 million or 9% linked quarter, with net interest margin expanding by eight basis points for the third consecutive quarter [13][14] Business Line Data and Key Metrics Changes - Q2 loan originations totaled approximately $1.5 billion, a 9% increase linked quarter and a 30% increase compared to Q2 2024, with strong contributions from small business banking and commercial lending segments [12][10] - The Live Oak Express small dollar loan program grew from essentially zero in 2023 to over $300 million in 2024, indicating a long runway for growth [7] - Business checking product balances increased by 36% year to date, contributing to an incremental $500 million of interest-bearing deposits [11][8] Market Data and Key Metrics Changes - Customer deposits grew approximately 6% linked quarter, with balances now about 20% higher than June 30, 2024 [10][11] - The company has seen a significant increase in the percentage of LIBOR customers with both loan and deposit relationships, rising from 3% in 2021 to 18% [8] Company Strategy and Development Direction - The company is focused on modernizing operations to improve efficiency and customer experience, particularly through AI-driven initiatives [17][21] - Key initiatives include relationship building through checking accounts and targeted revenue-generating investments to enhance profitability and growth sustainability [5][6] - The company aims to maintain strong loan growth while managing deposit costs and pricing effectively [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that the end of the current small business credit cycle is near, supported by improving credit indicators [6][35] - The company has proactively managed problem loans and improved monitoring processes, leading to a decline in defaults and non-accrual loans [18][19] - Management highlighted the importance of maintaining high underwriting standards to ensure credit quality and borrower performance [39] Other Important Information - The company sold $322 million of guaranteed loans in Q2 for a 7% average premium, generating approximately $22 million in gain on sale [15] - The balance sheet consists of 41% of assets in cash or government guaranteed investments, which is favorable compared to industry standards [20] Q&A Session Summary Question: Growth outlook and impact of payoffs and paydowns - Management noted that paydowns were about $100 million higher than average due to various reasons, but they do not expect this trend to continue [24][25] - The company anticipates loan growth to remain strong, with a pipeline of approximately $3.8 billion [27] Question: Competition and deposit pricing - Management indicated that the market remains competitive, but they see opportunities to continue lowering deposit pricing while supporting growth [33][34] Question: Confidence in the end of the small business credit cycle - Management cited improving credit metrics, declining defaults, and strong borrower performance as reasons for their confidence [35][36] Question: USDA loan sales and market activity - Management explained that the USDA market is reopening due to investor demand for fixed-rate loans with prepayment penalties, but consistency in sales is still desired [46] Question: SBA demand and competition - Management confirmed that demand for SBA loans remains strong, with consistent historical performance despite industry disruptions [48][52]

SECOND QUARTER 2025 July 24, 2025 ©2025 Live Oak Bancshares. All rights reserved. FORWARD LOOKING STATEMENTS Information in this presentation may contain "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These statements generally relate to our financial condition, results of operations, plans, objectives, future performance or business and usually can be identified by the use of forward-looking terminology such as "may," "will," "would," "should," "could," "expect," ...

Company Performance - Live Oak Bancshares reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.52 per share, and down from $0.59 per share a year ago, representing an earnings surprise of -1.92% [1] - The company posted revenues of $143.75 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.16%, compared to year-ago revenues of $125.48 million [2] - Over the last four quarters, Live Oak Bancshares has not surpassed consensus EPS estimates, but has topped consensus revenue estimates three times [2] Stock Performance - Live Oak Bancshares shares have lost about 19.1% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The current consensus EPS estimate for the coming quarter is $0.61 on revenues of $144.9 million, and for the current fiscal year, it is $2.15 on revenues of $561.95 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Southeast is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Exhibit 99.1 Live Oak Bancshares, Inc. Reports Second Quarter 2025 Results WILMINGTON, NC, July 23, 2025 - Live Oak Bancshares, Inc. (NYSE: LOB) ("Live Oak" or "the Company") today reported second quarter of 2025 net income attributable to the Company of $23.4 million, or $0.51 per diluted share. Live Oak's performance in the quarter, compared to the first quarter of 2025, includes these notable items: "Live Oak Bank delivered an outstanding quarter in Q2, driven by excellent growth, healthy revenue, and lo ...

WILMINGTON, N.C., July 23, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported second quarter of 2025 net income attributable to the Company of $23.4 million, or $0.51 per diluted share. Live Oak’s performance in the quarter, compared to the first quarter of 2025, includes these notable items: Record second quarter production of $1.53 billion accompanied by strong deposit growth of $198.8 million, with total assets growing by 1.7% to $13.83 billionNet ...