Live Oak Bancshares 10/23/2024 Earnings Report

Live Oak Bancshares EPS Results

• Actual EPS: $0.28
• Consensus EPS: $0.53
• Beat/Miss: Missed by -$0.25
• One Year Ago EPS: $0.88

Live Oak Bancshares Revenue Results

• Actual Revenue: $241.87 million
• Expected Revenue: $126.63 million
• Beat/Miss: Beat by +$115.24 million
• YoY Revenue Growth: N/A

Live Oak Bancshares Announcement Details

• Date: 10/23/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

Live Oak Bancshares (NASDAQ:LOB) is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors. The company leverages proprietary technology and data analytics to streamline loan origination and portfolio management, enabling faster credit decisions and enhanced risk management. Live Oak’s digital infrastructure also supports deposit products—including interest-bearing checking and savings accounts, money market deposit accounts, and certificates of deposit—alongside treasury management services designed for business clients.

Live Oak Bancshares completed its initial public offering on the Nasdaq exchange in 2018 under the ticker symbol LOB. Since then, the company has continued to expand its product offering through strategic fintech partnerships and by entering new industry niches such as veterinary, dental and legal finance. The organization is led by an experienced management team with deep expertise in banking, technology and small business finance, positioning Live Oak Bancshares as a digital innovator in the community and commercial banking sector.