Articles from Live Oak Bancshares, Inc.
WILMINGTON, N.C., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“Live Oak” or “the Company”) today reported fourth quarter of 2024 net income attributable to the Company of $9.9 million, or $0.22 per diluted share. Net income attributable to the Company for the year ended December 31, 2024, totaled $77.5 million, or $1.69 per diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · January 22, 2025
WILMINGTON, N.C., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) today announced that it will report its fourth quarter 2024 financial results after U.S. financial markets close on Wednesday, January 22, 2025.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · January 8, 2025
WILMINGTON, N.C., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Sunbound Inc., a provider of automated financial operations solutions for the senior housing industry.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · December 4, 2024
WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“Live Oak” or “the Company”) today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 23, 2024
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.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 21, 2024
WILMINGTON, N.C., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSELOB) today announced that it will report its third quarter 2024 financial results after U.S. financial markets close on Wednesday, October 23, 2024.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 9, 2024
WILMINGTON, N.C., July 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“Live Oak” or “the Company”) today reported second quarter of 2024 net income of $27.0 million, or $0.59 per diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · July 24, 2024
WILMINGTON, N.C., July 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSELOB) today announced that it will report its second quarter 2024 financial results after U.S. financial markets close on Wednesday, July 24, 2024.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · July 10, 2024
WILMINGTON, N.C., June 27, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares announced today that its Board of Directors has appointed Michael J. Cairns as Chief Credit Officer, effective August 1, 2024. Cairns will serve as CCO for both Live Oak Bancshares and Live Oak Bank and succeeds Steven J. Smits who has served in the position for 9 years. Smits is taking on a new role as head of commercial banking.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · June 27, 2024
WILMINGTON, N.C., June 03, 2024 (GLOBE NEWSWIRE) -- Live Oak Bank has announced its first embedded banking partnership with Anatomy Financial Inc., an AI-powered financial automation solution for medical, dental, digital health, and healthcare billing companies.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · June 3, 2024
WILMINGTON, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“Live Oak” or “the Company”) today reported first quarter of 2024 net income of $16.5 million, or $0.36 per diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · April 24, 2024
WILMINGTON, N.C., April 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSELOB) today announced that it will report its first quarter 2024 financial results after U.S. financial markets close on Wednesday, April 24, 2024.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · April 10, 2024
WILMINGTON, N.C., Feb. 14, 2024 (GLOBE NEWSWIRE) -- 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.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · February 14, 2024
WILMINGTON, N.C., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“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 diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · January 24, 2024
WILMINGTON, N.C., Jan. 10, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSELOB) today announced that it will report its fourth quarter 2023 financial results after U.S. financial markets close on Wednesday, January 24, 2024.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · January 10, 2024
WILMINGTON, N.C., Nov. 20, 2023 (GLOBE NEWSWIRE) -- 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.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · November 20, 2023
WILMINGTON, N.C., Nov. 14, 2023 (GLOBE NEWSWIRE) -- 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.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · November 14, 2023
WILMINGTON, N.C., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“Live Oak” or “the Company”) today reported third quarter of 2023 net income of $39.8 million, or $0.88 per diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 25, 2023
WILMINGTON, N.C., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSELOB) today announced that it will report its third quarter 2023 financial results after U.S. financial markets close on Wednesday, October 25, 2023.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 11, 2023
WILMINGTON, N.C., Aug. 25, 2023 (GLOBE NEWSWIRE) -- 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 Live Oak Bancshares.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · August 25, 2023
WILMINGTON, N.C., July 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“Live Oak” or “the Company”) today reported second quarter of 2023 net income of $17.5 million, or $0.39 per diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · July 25, 2023
WILMINGTON, N.C., July 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSELOB) today announced that it will report its second quarter 2023 financial results after U.S. financial markets close on Tuesday, July 25, 2023.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · July 11, 2023
WILMINGTON, N.C., April 26, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“Live Oak” or “the Company”) today reported first quarter of 2023 net income of $398 thousand, or $0.01 per diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · April 26, 2023
WILMINGTON, N.C., March 08, 2023 (GLOBE NEWSWIRE) -- 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 decisions.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · March 8, 2023
WILMINGTON, N.C., Jan. 31, 2023 (GLOBE NEWSWIRE) -- 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.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · January 31, 2023
WILMINGTON, N.C., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSELOB) (“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 diluted share.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · January 25, 2023
WILMINGTON, N.C., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSELOB) today announced that it will report its fourth quarter 2022 financial results after U.S. financial markets close on Wednesday, January 25, 2023.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · January 11, 2023
WILMINGTON, N.C., Dec. 02, 2022 (GLOBE NEWSWIRE) -- 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 begin trading on the NYSE on December 14, 2022, under its current ticker symbol LOB. Live Oak Bancshares will continue to trade its voting common stock on Nasdaq until the close of the market on December 13, 2022.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · December 2, 2022
WILMINGTON, N.C., Oct. 26, 2022 (GLOBE NEWSWIRE) -- 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 sale of the Company’s investment in Payrailz, LLC (“Payrailz”).
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 26, 2022
WILMINGTON, N.C., Oct. 14, 2022 (GLOBE NEWSWIRE) -- 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.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 14, 2022
WILMINGTON, N.C., Oct. 12, 2022 (GLOBE NEWSWIRE) -- 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.
By Live Oak Bancshares, Inc. · Via GlobeNewswire · October 12, 2022
WILMINGTON, N.C., July 27, 2022 (GLOBE NEWSWIRE) -- 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 sale of the Company’s investment in Finxact, Inc. (“Finxact”).
By Live Oak Bancshares, Inc. · Via GlobeNewswire · July 27, 2022