Live Oak Bancshares (LOB)
Industry-focused bank for nationwide small-business and government-guaranteed lending.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 19, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $44 | Target: $45 |
| Jul 15, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $42 | Target: $44 |
| Apr 27, 2026 | Piper Sandler | Reiterate | Rating: —Target: $35 | Target: $41 |
| Oct 24, 2025 | Piper Sandler | Reiterate | Rating: —Target: $46 | Target: $35 |
| Sep 24, 2025 | National Bank | Target | Target: — | Target: $50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $927.6M · Total debt $99.8M · Total assets $16.04B · Shareholders' equity $1.31B
- Revenue
- $272.5M
- Operating income
- $45.8M
- Net income
- $36.8M
HistoryDividendAnnual yield
| Institutions | 71.61% | 33.14M shares | |
|---|---|---|---|
| 242 holders · as of Jun 30, 2026 | |||
| Insiders | 16.16% | 7.48M shares | |
| 21 holders · as of Sep 11, 2026 | |||
| Strategic holders | 4.42% | 2.05M shares | |
| 1 holder · as of Feb 24, 2022 | |||
| Other | 7.81% | 3.61M shares | |
| remainder | |||
46.28M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
T. Rowe Price Investment Management, Inc.Institution | 13.98% | 6.47M | as of Jun 30, 2026 |
James S. Iii Mahan1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 13.61% | 6.62M | filed Sep 11, 2026 |
BlackRock, Inc.Institution | 7.60% | 3.52M | as of Jun 30, 2026 |
The Vanguard GroupInstitution | 5.07% | 2.35M | filed Feb 10, 2022 |
BlackRock, Inc.Strategic | 4.42% | 2.05M | filed Feb 24, 2022 |
- James S. Iii Mahan's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.62M) less the 320.0K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $38.75 |
| Sep 9, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $38.63 |
| Sep 3, 2026 | Tonya Williams Bradford | director | −1,600 | $39.89 |
| Sep 3, 2026 | James S. Iii Mahan | director, 10 percent owner, officer: Chief Executive Officer | −10,000 | $39.75 |
| Sep 3, 2026 | William L. Iii Williams | director | −6,590 | $40.09 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Live Oak Bancshares | $37.73 | −0.38% | $1.75B | 13.3 | 10.4 | 1.6 | +10.0% |
| NewtekOne | $11.54 | −1.20% | $337.4M | 4.9 | 5.8 | 1.0 | +7.0% |
| Byline Bancorp | $36.99 | −0.04% | $1.68B | 11.2 | 11.2 | 2.6 | +6.6% |
| Axos Financial | $88.63 | −0.56% | $5.07B | 10.5 | 9.2 | 2.3 | +18.1% |
| Hanmi Financial | $31.91 | −0.22% | $951.9M | 10.8 | 9.8 | 2.5 | +10.1% |
| Customers Bancorp | $77.59 | +0.30% | $2.62B | 9.4 | 8.6 | 1.8 | +12.4% |
| First Business Financial Services | $69.79 | −0.64% | $587.4M | 10.6 | 10.5 | 2.0 | +13.8% |
| Pinnacle Financial Partners | $95.03 | +0.45% | $14.28B | 11.6 | 8.8 | 2.9 | +145.2% |
| Median | 10.6 | 9.2 | 2.3 | +12.4% |