Live Oak Bancshares
Industry-focused bank for nationwide small-business and government-guaranteed lending.
Something off on this page? Send us feedback.
Profile
Originates specialized small-business and commercial loans nationwide, including SBA 7(a) and USDA-guaranteed products, and funds them largely with customer deposits. Net interest income is supplemented by sales and servicing of guaranteed loan portions within a single banking segment.
Provides nationwide small-business banking through industry-focused lenders and a technology-based platform. Small Business Banking originates SBA 7(a), USDA-guaranteed, and conventional loans across selected verticals, while Commercial Banking finances areas such as renewable energy and sponsor finance. Savings, certificates of deposit, and business deposits fund the loan book.
Pairs sector specialists with digital workflows to move borrowers from proposal through underwriting and closing. Revenue comes mainly from net interest income, supplemented by gains on sales of guaranteed loan portions, servicing income, and smaller wealth-management, government-loan-services, and fintech-investment activities.
Operates as one banking segment across the United States. Loan economics depend on credit performance, deposit pricing, SBA and USDA guarantee programs, and demand for guaranteed loans in secondary markets.
Company facts
Categories
Key statistics
Year to date +15.7% · Average volume (30d) 218.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $44 | $45 | |
| Jul 15, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $42 | $44 | |
| Apr 27, 2026 | Piper Sandler | Reiterate | Neutral | $35 | $41 | |
| Oct 24, 2025 | Piper Sandler | Reiterate | Neutral | $46 | $35 | |
| Sep 24, 2025 | National Bank | Target | $50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.68 | $0.74 | +9.3% | $155.1M | $156.1M | +0.7% | +3.90% |
| Apr 22, 2026Q1 FY26 | $0.54 | $0.60 | +11.1% | $151.2M | $145.5M | −3.8% | +3.28% |
| Jan 21, 2026Q4 FY25 | $0.56 | $0.95 | +69.6% | $150.4M | $172.9M | +15.0% | +4.51% |
| Oct 22, 2025Q3 FY25 | $0.58 | $0.55 | −5.2% | $151.3M | $142.5M | −5.8% | −3.29% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $236.3M | $257.1M | $258.4M | $289.4M | $259.9M | $272.5M | |
| Gross profit | $94.8M | $118.8M | $120.2M | $169.2M | $125.4M | $130.3M | |
| Operating income | $13.1M | $31.2M | $36.6M | $80.1M | $40.1M | $45.8M | |
| Net income | $9.7M | $23.4M | $26.5M | $44.1M | $30.0M | $36.8M | |
| Diluted EPS | $0.21 | $0.51 | $0.55 | $0.95 | $0.60 | $0.74 | |
| Gross margin | 40.1% | 46.2% | 46.5% | 58.5% | 48.2% | 47.8% | |
| Operating margin | 5.6% | 12.1% | 14.2% | 27.7% | 15.4% | 16.8% |
Fiscal years (4-quarter sums)FY21 $506.4M · FY22 $508.8M · FY23 $776.6M · FY24 $929.3M · FY25 $1.04B
Balance sheet, Jun 30, 2026Cash & short-term investments $927.6M · Total debt $99.8M · Total assets $16.04B · Shareholders' equity $1.31B
Dividends
Raised for 9 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 2, 2026 | Jun 2 | Jun 15 | $0.03 | |
| Mar 5, 2026 | Mar 5 | Mar 15 | $0.03 | |
| Dec 2, 2025 | Dec 2 | Dec 15 | $0.03 | |
| Sep 2, 2025 | Sep 2 | Sep 15 | $0.03 | |
| Jun 3, 2025 | Jun 3 | Jun 17 | $0.03 | |
| Feb 25, 2025 | Feb 25 | Mar 11 | $0.03 | |
| Dec 2, 2024 | Dec 2 | Dec 16 | $0.03 | |
| Sep 3, 2024 | Sep 3 | Sep 17 | $0.03 |
Ownership
Shares outstanding 46.26M · Float 35.99M · 77.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| T. Rowe Price Investment Management, Inc. | 6.47M | 13.99% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 3.52M | 7.60% | 13F | Aug 7, 2026 |
| James S. Iii Mahan · director, 10 percent owner, officer: Chief Executive Officer | 2.79M | 6.03% | Form 4 | Aug 28, 2026 |
| Vanguard Capital Management LLC | 1.65M | 3.58% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.62M | 3.49% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $39.66 |
| Aug 26, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $39.99 |
| Aug 20, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $40.53 |
| Aug 19, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $41.23 |
| Aug 13, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $43.10 |
Peers
- NewtekOne
SBA-focused branchless bank targeting the same small business borrower pool.
- Byline Bancorp
Top-10 national SBA 7(a) lender with dedicated small business capital division.
- Axos Financial
Branchless digital bank with SBA lending and $1B+ in small business deposits.
- Hanmi Financial
Top-2% SBA lender serving Korean-American and pan-Asian small businesses.
- Customers Bancorp
Branch-light commercial bank with specialized verticals and national SMB reach.
- First Business Financial Services
Midwest branchless SMB bank; niche C&I, SBA, and equipment finance specialist.
- Pinnacle Financial Partners
Southeast relationship bank; SBA Preferred Lender with advisor-driven SMB focus.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Live Oak Bancshares | $40.13 | −0.04% | $1.86B | 14.1 | 11.1 | 1.7 | +10.0% |
| NewtekOne | $11.92 | +0.17% | $344.1M | 5.0 | 5.3 | 1.0 | −15.0% |
| Byline Bancorp | $38.30 | −0.10% | $1.74B | 11.6 | 11.6 | 2.7 | +7.4% |
| Axos Financial | $97.85 | +0.01% | $5.57B | 11.6 | 10.1 | 2.5 | +19.7% |
| Hanmi Financial | $31.14 | +0.06% | $926.9M | 10.5 | 9.6 | 2.4 | +10.1% |
| Customers Bancorp | $78.58 | 0.00% | $2.66B | 9.6 | 8.7 | 1.8 | +12.4% |
| First Business Financial Services | $70.85 | −0.41% | $592.5M | 10.7 | 10.7 | 2.1 | +13.8% |
| Pinnacle Financial Partners | $101.09 | +0.02% | $15.26B | 12.4 | 9.4 | 3.1 | +145.2% |
| Median | 10.7 | 9.6 | 2.4 | +12.4% |