Company Quick10K Filing
Live Oak Bancshares
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 41 $676
10-K 2020-02-27 Annual: 2019-12-31
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-07 Quarter: 2018-03-31
10-K 2018-03-08 Annual: 2017-12-31
10-Q 2017-11-06 Quarter: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-06-30
10-Q 2017-05-08 Quarter: 2017-03-31
10-K 2017-03-09 Annual: 2016-12-31
10-Q 2016-11-08 Quarter: 2016-09-30
10-Q 2016-08-08 Quarter: 2016-06-30
10-Q 2016-05-12 Quarter: 2016-03-31
10-K 2016-03-14 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-09-03 Quarter: 2015-06-30
8-K 2020-03-15 Other Events
8-K 2020-02-11 Other Events
8-K 2020-02-10 Exhibits
8-K 2020-01-22 Earnings, Exhibits
8-K 2019-11-19 Other Events
8-K 2019-10-23
8-K 2019-10-03 Exhibits
8-K 2019-08-27 Other Events
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-05-14 Other Events
8-K 2019-05-14 Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-02-15 Officers
8-K 2019-02-12 Other Events
8-K 2019-02-11 Officers, Exhibits
8-K 2019-01-23 Earnings, Exhibits
8-K 2018-12-04 Regulation FD
8-K 2018-11-19 Officers
8-K 2018-11-19 Other Events
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-09-24 Officers, Exhibits
8-K 2018-09-18 Regulation FD, Exhibits
8-K 2018-08-28 Other Events
8-K 2018-08-10 Officers, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-05-15 Other Events
8-K 2018-05-15 Shareholder Vote, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-22 Officers
8-K 2018-03-29 Officers
8-K 2018-03-21 Officers, Exhibits
8-K 2018-02-12 Officers
8-K 2018-02-12 Other Events
8-K 2018-02-02 Officers
8-K 2018-01-24 Earnings, Exhibits

Live Oak Bancshares Financials

LOB Metrics, Comps, Filings

Annual | Quarterly

Business

Live Oak Bancshares, Inc. ("LOB" and, collectively with its subsidiaries including Live Oak Banking Company, the "Company," also referred to as "our" and "we"), headquartered in Wilmington, North Carolina, is the bank holding company for Live Oak Banking Company (the "Bank" or "Live Oak Bank"). The Bank was incorporated in February 2008 as a North Carolina-chartered commercial bank and operates an established national online platform for small business lending and deposit gathering. LOB was incorporated under the laws of the state of North Carolina on December 18, 2008, for the purpose of serving as the bank holding company of Live Oak Bank. LOB completed its initial public offering ("IPO") in July 2015.

The Company predominantly originates loans partially guaranteed by the U.S. Small Business Administration (the "SBA") and to a lesser extent by the U.S. Department of Agriculture ("USDA") Rural Energy for America Program ("REAP"), Business & Industry ("B&I") and Water & Waste Disposal ("WEP") loan programs. These loans are to small businesses and professionals with what the Company believes are lower risk characteristics. Industries, or "verticals," on which the Company focuses its lending efforts are carefully selected. Within these verticals the Company typically retains individuals who possess extensive industry-specific experience.

In addition to focusing on industry verticals, the Company emphasizes developing detailed knowledge of its customers' businesses. This knowledge is developed, in part, through regular visits to customers' operations, wherever they are located. These regular visits are designed to foster both for the Company and for the customer a deep and personalized experience throughout the lending relationship. The Company has developed and continues to refine a technology-based platform to facilitate providing financial services to the small business community on a national scale and has leveraged this technology to optimize the Company's loan origination process, customer experience, reporting metrics, and servicing activity. The Company services customers efficiently throughout the loan process and monitors their performance by means of the technology-based platform without maintaining traditional branch locations.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Bryn Mawr Bank (BMTC) 743 5.4 1% 4,829 4,228 0 0 60 121 649
Univest of Pennsylvania (UVSP) 749 5.4 1% 5,354 4,689 0 0 69 127 683
German American Bancorp (GABC) 844 9.1 1% 4,356 3,793 0 0 54 93 844
National Commerce (NCOM) 740 6.4 1% 4,205 3,508 0 0 45 82 523
Trustco Bank N Y (TRST) 792 4.0 1% 5,222 4,696 0 0 44 85 342
Oritani Financial (ORIT) 813 0% 9.7 1% 3,990 3,460 2 0 51 126 1,212
Horizon Bancorp (HBNC) 781 5.6 1% 5,187 4,544 0 0 61 123 690
Byline Bancorp (BY) 734 4.7 1% 5,438 4,702 0 0 58 134 625
Allegiance Bancshares (ABTX) 725 4.5 1% 4,906 4,200 0 0 39 94 425
CBTX (CBTX) 706 5.0 2% 3,432 2,906 0 0 52 83 417
Banc of California (BANC) 715 0% 1.9 0% 8,625 7,724 3 0 21 194 371
Camden National (CAC) 692 4.9 1% 4,520 4,049 0 0 56 116 564
Live Oak Bancshares (LOB) 746 6.3 0% 4,604 4,075 0 0 11 118 746
Hanmi Financial (HAFC) 660 3.9 1% 5,528 4,953 0 0 41 132 509
Blue Hills Bancorp (BHBK) 656 11.4 1% 2,806 2,401 0 0 25 61 691
Peoples Bancorp (PEBO) 673 0% 6.6 1% 4,396 3,808 42 0 53 97 635
Midland States Bancorp (MSBI) 651 1.7 1% 6,114 5,458 0 0 59 145 242
Customers Bancorp (CUBI) 789 0.5 1% 10,617 9,662 0 0 75 248 123
Tristate Capital Holdings (TSC) 622 1.2 1% 7,198 6,594 0 0 61 200 238
Nicolet Bankshares (NCBS) 646 7.5 1% 3,106 2,677 0 0 43 74 560

Balance Sheet ($MM)2015-12-312016-12-312017-12-312018-12-31
Cash7514
Accounts Receivable
Inventory
PP&E3130179263
Assets2292522,7583,670
Accounts Payable
Long-Term Debt2828270
Liabilities30292,3223,177
Stockholders' Equity199223
Income Statement ($MM)2015-12-312016-12-312017-12-312018-12-31
Revenue0
Cost of Revenue
Gross Profit
R&D
SG&A4566
Tax128-2-5
Net Income211410051
Cash Flow ($MM)2015-12-312016-12-312017-12-312018-12-31
Cash Operating-5-12-28812
Cash Investing60-46-535-851
Cash Financing348-3880861