Live Oak Bancshares (LOB) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -47.17%. A quarter ago, it was expected that this bank holding company would post earnings of $0.46 per share when it actually produced earnings of $0.59, delivering a surprise of 28.26%.Over the last four quart ...

During the third quarter of 2024, the Company recognized net charge-offs for loans carried at historical cost of $1.7 million, compared to $8.3 million in the second quarter of 2024 and $9.1 million in the third quarter of 2023. Net charge-offs as a percentage of average held for investment loans and leases carried at historical cost, annualized, for the quarters ended September 30, 2024, June 30, 2024, and September 30, 2023, was 0.08%, 0.38% and 0.48%, respectively. Unguaranteed nonperforming (nonaccrual) ...

WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share. “Live Oak delivered historic production levels this quarter as our teams continue to put capital into the hands of business owners across the country,” said Live Oak Chairman and Chief Executive Officer James S. (Chip) Mahan III. “We believe our business momentum is in an exciting place and our co ...

WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks. “Live Oak’s entrepreneurial environment is fertile ground for new and exciting companies like Synply to enter the fintech landscape,” said Stephanie Mann, Live Oak Bank Chief Strategy Officer. “After incubating the Synply platform at Live Oak, we ar ...

WILMINGTON, N.C., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. ("Live Oak") (NYSE: LOB) today announced that it will report its third quarter 2024 financial results after U.S. financial markets close on Wednesday, October 23, 2024. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, October 24, 2024, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 044 ...

Shares of Live Oak Bancshares (LOB) have gained 13.4% over the past four weeks to close the last trading session at $39.11, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $49.75 indicates a potential upside of 27.2%. The average comprises four short-term price targets ranging from a low of $46 to a high of $55, with a standard deviation of $4.11. While the lowest estimate indic ...

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, 2024 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 Carolina ...

Images By Tang Ming Tung My last article regarding Live Oak Bancshares (NYSE:LOB) was more than a year ago, in the midst of the banking crisis triggered by the failure of SVB. At that time, no regional bank managed to perform well, but a recovery process gradually began as the BTFP was launched. At the time I was quite perplexed about LOB's future, which is why my rating was hold. The cost of deposits continued to rise, high interest rates inhibited loan growth, and other banks were not doing much better. A ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Greg Seward – General Counsel and Chief Risk Officer Chip Mahan – Chairman and Chief Executive Officer BJ Losch – President Walt Phifer – Chief Financial Officer Conference Call Participants David Feaster – Raymond James Tim Switzer – KBW Alex Lau – JPMorgan Operator Good morning, ladies and gentlemen, and welcome to the Q2 2024 Live Oak Bancshares Earnings Conference Call. At this time, all l ...

$84 $89 $90 $90 $91 3.29% 3.37% 3.32% 3.33% 3.28% | --- | --- | --- | --- | --- | |-------------------------------|---------|---------|---------|---------| | | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | | Net Spread | 3.78% | 3.80% | 3.71% | 3.70% | | Portfolio Loan Yield | 7.37% | 7.52% | 7.61% | 7.77% | | Deposit Cost | 3.59% | 3.72% | 3.90% | 4.07% | | Industry Deposit COF 11 | 1.63% | 1.98% | 2.26% | 2.43% | | CDs: | | | | | | LOB average CD rate | 3.26% | 3.46% | 3.74% | 4.06% | | | | | | | | CD Maturitie ...