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Overview
Live Oak Bank operates as a digital, cloud-based bank focused on serving small business owners across all 50 states. It specializes in SBA lending and banking products designed to help businesses buy, build, and expand, offering FDIC-insured checking, high-yield savings, and CDs. The bank works through a technology-driven, customer-centric model, emphasizing service to redefine how banking supports small businesses. It differentiates itself by prioritizing the customer and by being the country’s top SBA 7(a) lender by dollar volume, with a mission to be America’s small business bank. The goal is to support everyday heroes—small business owners—by providing accessible, reliable financial services that grow with their ventures.
About Live Oak Bank
Industries
Financial Services
Company Size
501-1,000
Company Stage
IPO
Headquarters
Wilmington, Delaware
Founded
2008
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Simplify's Take
What believers are saying
- Q2 2026 revenue rose 11.4% to $160.1 million, beating estimates again.
- Onsetto selected Live Oak on August 5, 2026, to improve business deposit activation.
- The July 2026 pipeline reached $4.6 billion, supporting production into late 2026.
What critics are saying
- A securities-fraud probe follows 2025 cash-flow misclassification disclosures; settlements could drain management attention.
- The June 2026 accounting-officer turnover adds control-risk before the external successor search closes.
- If AI rollout slips or credit weakens, Live Oak’s premium lending-machine story breaks down.
What makes Live Oak Bank unique
- Live Oak’s branchless, niche-lending platform targets 33 industries and business owners nationwide.
- Its originate-to-sell engine recycles guaranteed loans, funding growth with recurring fee income.
- The AI-native origination pilot launched in Q1 2026, strengthening speed, underwriting, and servicing.
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Funding
Total Funding
$79.6M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Paid Sick Leave
Performance Bonus
Flexible Work Hours
Stock Price
Company News
Live Oak Bancshares reported Q2 revenues of $160.1 million, up 11.4% year-on-year and exceeding analyst expectations by 3.2%. The company delivered a strong quarter, beating estimates for net interest income and earnings per share. The results came as 93 tracked regional banks reported mixed Q2 performance, with revenues collectively in line with consensus estimates. Following the earnings announcement, Live Oak's stock rose 3.8% to $42.61. OFG Bancorp emerged as the top Q2 performer among regional banks, posting revenues of $190.3 million, up 4.5% year-on-year and surpassing expectations by 3.9%. Regional banks continue to face challenges including fintech competition, deposit outflows, and concerns about commercial real estate exposure.
Live Oak Bank selects Onsetto to strengthen business banking growth and deposit activation. Aug. 5, 2026 10:00 AM ET Source: Onsetto Onsetto's SwitchAssist Helps Banks Turn New Business Accounts Into Activated Primary Relationships Through Structured Onboarding and Account Transition Support MINNEAPOLIS, MN - August 5, 2026 (NEWMEDIAWIRE) - Onsetto, a fintech company helping financial institutions grow business deposits and activate primary business banking relationships, today announced that Live Oak Bank has selected Onsetto's SwitchAssist platform to enhance the way business customers transition and activate their banking relationships. As competition for business deposits intensifies, banks are increasingly focused not only on acquiring new business accounts, but also on ensuring those accounts become fully engaged, primary operating relationships. SwitchAssist helps financial institutions close the gap between account opening and account activation by providing a structured activation experience for business customers and bankers. Through SwitchAssist, Live Oak Bank will be able to guide business customers through the critical steps involved in moving a banking relationship, including updating payment instructions, transitioning recurring transactions, notifying vendors and customers, activating treasury and payment services, and establishing new operating workflows. "At Live Oak Bank, we are committed to helping business owners succeed with banking experiences that are simpler, easier, faster, and more efficient," said Live Oak's Chief Banking Officer Mark Moroz. "SwitchAssist provides a structured approach that helps reduce friction, improve onboarding, and accelerate activation so customers can realize value from their banking relationship more quickly." For many banks, business account opening is only the first step. The greater challenge is helping customers move their real financial activity; deposits, payments, payroll, treasury services, and vendor relationships to the new institution. Without a structured activation process, new accounts may remain underutilized, deposits may stay elsewhere, and customer attrition risk can increase. Onsetto was built to help banks solve this challenge. SwitchAssist provides the growth infrastructure banks need to operationalize business account activation, reduce customer friction, support banker follow-up, and convert newly acquired accounts into deeper, more valuable commercial relationships. "Banks are under pressure to grow business deposits, deepen relationships, and reduce attrition, but many still rely on manual processes to help customers transition after account opening," said Cale Johnston, Founder and CEO of Onsetto. "SwitchAssist gives financial institutions a structured activation framework that helps business customers move their operating activity and establish the bank as their primary financial partner. Live Oak Bank's selection of Onsetto reinforces the importance of activation as a core part of business banking growth." SwitchAssist combines customer-facing workflows, banker enablement tools, progress visibility, and activation best practices to create a more consistent and scalable transition experience. For banks, the platform supports deposit growth, treasury services adoption, customer engagement, operational efficiency, and long-term relationship value. With 21 financial institutions currently live on the platform, Onsetto continues to help banks and credit unions move beyond account acquisition and build repeatable processes for business banking activation. About Onsetto Onsetto is the Commercial Banking Operating Platform that helps financial institutions identify, activate, expand, and retain primary commercial banking relationships. Through a connected suite of solutions, including business account switching, prospecting intelligence, and treasury growth. Onsetto equips banks to accelerate commercial deposit growth, increase treasury adoption, and strengthen long-term customer relationships. Founded by the team behind ClickSWITCH, Onsetto is helping financial institutions modernize commercial banking by turning relationship growth into a repeatable operating model. Learn more at www.onsetto.com.
Insider selling: Live Oak Bancshares (NYSE:LOB) director sells $126,390.00 in stock. July 29, 2026 Key points. * Director David Lucht sold 3,000 Live Oak Bancshares shares for $126,390, reducing his direct holdings by 16.11% to 15,623 shares. * LOB shares traded down 0.7% to $42.61, but the company recently reported quarterly EPS of $0.74, beating analysts' $0.64 consensus estimate on $156.15 million in revenue. * Analyst sentiment remains favorable, with a consensus "Moderate Buy" rating and an average price target of $46.20, while institutional investors own 63.95% of the stock. * Five stocks we like better than Live Oak Bancshares. Live Oak Bancshares, Inc. (NYSE:LOB - Get Free Report) Director David Lucht sold 3,000 shares of the business's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $42.13, for a total value of $126,390.00. Following the completion of the sale, the director directly owned 15,623 shares in the company, valued at $658,196.99. This represents a 16.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Live Oak Bancshares trading down 0.7%. LOB stock traded down $0.31 during trading hours on Wednesday, hitting $42.61. 236,419 shares of the stock traded hands, compared to its average volume of 288,420. The stock has a 50-day simple moving average of $39.75 and a 200 day simple moving average of $37.82. Live Oak Bancshares, Inc. has a one year low of $29.36 and a one year high of $43.85. The company has a market cap of $1.97 billion, a P/E ratio of 15.00 and a beta of 1.88. Live Oak Bancshares (NYSE:LOB - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.10. Live Oak Bancshares had a return on equity of 11.95% and a net margin of 12.68%.The firm had revenue of $156.15 million for the quarter. Analysts forecast that Live Oak Bancshares, Inc. will post 3.05 earnings per share for the current year. Live Oak Bancshares dividend announcement. The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Tuesday, June 2nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Live Oak Bancshares's payout ratio is currently 4.23%. Institutional inflows and outflows. Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Live Oak Bancshares by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,702,627 shares of the company's stock valued at $92,835,000 after acquiring an additional 17,181 shares during the period. Dimensional Fund Advisors LP boosted its stake in Live Oak Bancshares by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,593,185 shares of the company's stock worth $52,685,000 after purchasing an additional 54,750 shares during the period. State Street Corp boosted its stake in Live Oak Bancshares by 5.1% in the 4th quarter. State Street Corp now owns 1,308,462 shares of the company's stock worth $44,946,000 after purchasing an additional 63,325 shares during the period. NewEdge Wealth LLC purchased a new position in Live Oak Bancshares during the 4th quarter worth approximately $43,261,000. Finally, Southernsun Asset Management LLC grew its position in Live Oak Bancshares by 0.4% during the 1st quarter. Southernsun Asset Management LLC now owns 1,033,539 shares of the company's stock worth $34,179,000 after purchasing an additional 4,431 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors. Wall Street analysts forecast growth. A number of analysts recently weighed in on LOB shares. Keefe, Bruyette & Woods raised their target price on shares of Live Oak Bancshares from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. TD Cowen upped their price target on Live Oak Bancshares from $47.00 to $49.00 and gave the company a "buy" rating in a report on Monday. Weiss Ratings upgraded Live Oak Bancshares from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 23rd. Zacks Research raised Live Oak Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 21st. Finally, Cantor Fitzgerald lifted their target price on Live Oak Bancshares from $41.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Live Oak Bancshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.20. Discover more Dividend Screener Tool Space Stocks Report text message Live Oak Bancshares company profile. Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB. The company's primary focus is on originating and servicing commercial loans for small businesses in select industry verticals. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Live Oak Bancshares, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Live Oak Bancshares wasn't on the list. While Live Oak Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
David Nicholas Building & Property Maintenance, a luxury residential property manager in southern New Jersey and portfolio company of Keystone Equity Partners, has secured a seven-figure revolving credit facility from Live Oak Bank. The company manages over 160 high-end coastal homes with a combined market value exceeding $650 million and is experiencing 50% year-over-year customer growth. Alongside the financing, Nicholas launched a coastal property insurance brokerage in partnership with ECBM, a top-10 Philadelphia region insurance broker. The joint venture aims to address rising insurance premiums and coverage gaps facing coastal homeowners by leveraging Nicholas's property management expertise to advocate for better rates and tailored insurance solutions across its luxury property portfolio.
Live Oak Bank has appointed Matthew S. Diffley as Chief Accounting Officer, overseeing financial reporting, accounting policy, general ledger operations and SOX compliance. Diffley brings over 20 years of finance and accounting leadership experience at publicly traded banking institutions. Most recently, he served as Senior Vice President and Controller at Seacoast Banking Corporation of Florida, leading a 33-person team through the bank's expansion from $5 billion to $21 billion in assets. He previously held roles at JPMorganChase, overseeing SEC and regulatory reporting for Consumer and Community Banking with more than $500 billion in assets, and began his career at KPMG. Diffley holds bachelor's and master's degrees in accounting and is a Certified Public Accountant. Live Oak Bank is a digitally focused, FDIC-insured subsidiary of Live Oak Bancshares.
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About Live Oak Bank
Industries
Financial Services
Company Size
501-1,000
Company Stage
IPO
Headquarters
Wilmington, Delaware
Founded
2008
Live Oak Bank is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today