Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
23 July 2015Website:
http://www.liveoakbank.comNext earnings report:
24 January 2025Last dividends:
03 September 2024Next dividends:
N/APrice
pre-market | 30 min agoAnalysts recommendations
Institutional Ownership
LOB Latest News
Live Oak Bancshares' stock dropped 18.82% post-Q3 2024 results, likely due to profit-taking and unmet high expectations despite strong loan demand and profitability. Q3 2024 highlights include a 50% QoQ jump in loan production, 8.86% average yield on new loans, and a sustainable loan-to-deposit ratio. Concerns include rising loan payment delays and potential short-term margin compression due to the timing mismatch in rate adjustments between loans and CDs.
Live Oak Bancshares, Inc. (NYSE:LOB ) Q3 2024 Earnings Conference Call October 24, 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 Michael Cairns - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler David Feaster - Raymond James Tim Switzer - KBW Operator Good morning, ladies and gentlemen, and welcome to the Q3 2024 Live Oak Bancshares Earnings Conference Call. At this time, all lines are in a listen-only mode.
While the top- and bottom-line numbers for Live Oak Bancshares (LOB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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.
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.
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.
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.
The consensus price target hints at a 27.2% upside potential for Live Oak Bancshares (LOB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Live Oak Bancshares (LOB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Live Oak Bancshares stock had a total return of 76% since my last article, which was totally unexpected. Q2 2024 results showed strong loan growth and solid deposit base for LOB. Management's aggressive borrowing strategy and high Price/TBV ratio lead to a hold rating for LOB stock.
What type of business is Live Oak Bancshares?
Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; financing for renewable energy application industry; wealth and investment management services to high-net-worth individuals and families; and investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
What sector is Live Oak Bancshares in?
Live Oak Bancshares is in the Financial Services sector
What industry is Live Oak Bancshares in?
Live Oak Bancshares is in the Banks - Regional industry
What country is Live Oak Bancshares from?
Live Oak Bancshares is headquartered in United States
When did Live Oak Bancshares go public?
Live Oak Bancshares initial public offering (IPO) was on 23 July 2015
What is Live Oak Bancshares website?
https://www.liveoakbank.com
Is Live Oak Bancshares in the S&P 500?
No, Live Oak Bancshares is not included in the S&P 500 index
Is Live Oak Bancshares in the NASDAQ 100?
No, Live Oak Bancshares is not included in the NASDAQ 100 index
Is Live Oak Bancshares in the Dow Jones?
No, Live Oak Bancshares is not included in the Dow Jones index
When was Live Oak Bancshares the previous earnings report?
No data
When does Live Oak Bancshares earnings report?
The next expected earnings date for Live Oak Bancshares is 24 January 2025