Live Oak Bancshares, Inc. (LOB)

Over the past six months, Live Oak Bancshares' stock has risen by 31.75%, but experienced a decline of 29.46% between October 21, 2024, and October 17, 2025. In Q3 2025, revenue was $146.1 million, a 12.4% year-over-year growth, meeting Wall Street's expectations. GAAP profit was $0.55 per share, below analysts' estimates, while net income jumped 96% year-over-year to $25.56 million. The company reported record SBA 7(a) lending, providing over $2.8 billion in loans, a 44% increase. Loan production increased by 22%, loan outstandings grew by 17%, and customer deposits increased by 20%. A $100 million capital raise through a preferred offering strengthened the bank's capital structure. Concerns were noted regarding an increase in nonaccrual loans and potential impacts from a government shutdown.

While specific details on demand seasonality are limited, the company's Q3 2025 earnings call mentioned a seasonal increase in the third quarter effective tax rate. Strong production momentum was reported across its verticals in 2025, with approximately two-thirds of its verticals originating more production year-to-date compared to 2024, suggesting consistently strong demand for their services.

Live Oak Bancshares, Inc. is a bank holding company based in Wilmington, North Carolina, operating through Live Oak Banking Company. It specializes in lending and deposit services for small businesses across the U.S., using a technology-driven approach without traditional branches. The company operates in the Finance sector, specifically in the Regional Banks industry. Its major products and services include small business lending, deposit services, and Fintech solutions.

Live Oak Bancshares, Inc. operates nationwide across the United States, serving small businesses through its technology platform rather than a physical branch network.

Live Oak Bancshares has maintained a strong brand reputation, particularly within the small business lending sector. In 2025, it was recognized as the #1 SBA 7(a) lender, providing over $2.8 billion in loans to small businesses, marking a 44% increase in production. While the company's Q3 2025 earnings call noted an increase in nonaccrual loans and potential impacts from a government shutdown, these were presented as manageable concerns within an overall optimistic outlook.

Live Oak Bancshares, Inc. has significant institutional ownership, accounting for 60.12% to 67.44% of shares. Major institutional owners include T. Rowe Price Investment Management, Inc., BlackRock, Inc., and Vanguard Group Inc. Individual ownership stands at 23.37%, while insider ownership is 6.33%.