Loading...
Docoh

Live Oak Bancshares (LOB)

Live Oak Bancshares, Inc. (Nasdaq: LOB) is a financial holding company and parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses that share a groundbreaking focus on service and technology to redefine banking.

Company profile

Ticker
LOB
Exchange
CEO
James S. Mahan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Live Oak Banking Company • Government Loan Solutions, Inc. • Live Oak Grove LLC • (a North Carolina limited • Live Oak Ventures, Inc. • Canapi Advisors, LLC • (a Delaware limited ...

LOB stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 22
26 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Sep 22 Cameron William Henderson Voting Common Stock Gift Acquire G Yes No 0 6,073 0 166,217
25 Aug 22 Glossman Diane Beth Voting Common Stock Buy Acquire P No No 38.25 2,000 76.5K 64,981
22 Aug 22 Casey S Crawford RSU Voting Common Stock Grant Acquire A No No 0 1,881 0 1,881
11 Aug 22 Renato Derraik Voting Common Stock Payment of exercise Dispose F No No 40.69 8,757 356.32K 16,243
11 Aug 22 Renato Derraik Voting Common Stock Option exercise Acquire M No No 0 25,000 0 25,000
11 Aug 22 Renato Derraik RSU Voting Common Stock Option exercise Dispose M No No 0 25,000 0 100,000
36.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 172 207 -16.9%
Opened positions 19 38 -50.0%
Closed positions 54 46 +17.4%
Increased positions 51 81 -37.0%
Reduced positions 59 49 +20.4%
13F shares Current Prev Q Change
Total value 1.27B 4.5B -71.8%
Total shares 32.13M 31.87M +0.8%
Total puts 40.3K 60.5K -33.4%
Total calls 61.6K 95.9K -35.8%
Total put/call ratio 0.7 0.6 +3.7%
Largest owners Shares Value Change
TROW T. Rowe Price 5.64M $191.14M +4.1%
Mahan James S Iii 3.36M $293.29M 0.0%
Vanguard 2.38M $80.71M +0.8%
BLK Blackrock 2.29M $77.53M +3.6%
Diamond Hill Capital Management 2.19M $74.13M +329.5%
STT State Street 2.03M $68.82M -10.9%
Alliancebernstein 1.49M $50.38M -1.3%
AMP Ameriprise Financial 1.04M $35.34M +16.5%
Dimensional Fund Advisors 904.6K $30.66M -3.6%
SLFPY Standard Life Aberdeen 871.05K $29.52M -3.0%
Largest transactions Shares Bought/sold Change
Diamond Hill Capital Management 2.19M +1.68M +329.5%
Capital Research Global Investors 0 -925.87K EXIT
Driehaus Capital Management 0 -429.69K EXIT
Capital International Investors 0 -400.9K EXIT
RMB Capital Management 300K +300K NEW
Mendon Capital Advisors 0 -300K EXIT
Salem Investment Counselors 262.36K +262.31K +524624.0%
American Century Companies 73.42K -254.87K -77.6%
STT State Street 2.03M -248.07K -10.9%
TROW T. Rowe Price 5.64M +223.06K +4.1%

Financial report summary

?
Management Discussion
  • For the three months ended June 30, 2022, the Company reported net income of $97.0 million, or $2.16 per diluted share, compared to net income of $63.6 million, or $1.41 per diluted share, for the second quarter of 2021.  
  • For the six months ended June 30, 2022, the Company reported a net income of $131.5 million, or $2.92 per diluted share, as compared to net income of $103.0 million, or $2.29 per diluted share, for the six months ended June 30, 2021. This increase in net income was largely due to the following items:
  • Net interest income represents the difference between the income that the Company earns on interest-earning assets and the cost of interest-bearing liabilities. The Company’s net interest income depends upon the volume of interest-earning assets and interest-bearing liabilities and the interest rates that the Company earns or pays on them, respectively. Net interest income is affected by changes in the amount and mix of interest-earning assets and interest-bearing liabilities, referred to as “volume changes.” It is also affected by changes in yields earned on interest-earning assets and rates paid on interest-bearing deposits and other borrowed funds, referred to as “rate changes.” As a bank without a branch network, the Bank gathers deposits over the Internet and in the community in which it is headquartered. Due to the nature of a branchless bank and the relatively low overhead required for deposit gathering, the rates that the Bank offers are generally above the industry average.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: alleged, alternative, donation, exacerbating, heighted, inflationary, intentionally, July, moderate, nominal, parallel, properly, quantity, Rule, seventeen, shock, thirteen
Removed: addressed, arise, communication, delinquency, economy, enable, evolve, exceeded, exclude, faced, Facility, filing, frequent, improved, line, magnified, opposite, outpaced, positive, proactively, processing, quick, receive, repayment, respond, resurgence, situation, software, uncertainty, understand, vulnerable