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Live Oak Bancshares, Inc.

LOB Financial Banks Regional

Live Oak Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 12.2% from fiscal 2024.

Revenue
+17.0%
EPS
+1.25%
Free cash flow
+92.4%

Quarter to September 2026, against a year earlier

33.81 1.34 −3.81%
Market cap
$1.6B
P/E
11.7×
Fwd P/E
12.7×
Dividend yield
0.35%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.10
Sold, $m 20.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — 1 — — — — — — — — — —
Sell 6 1 4 4 1 5 3 3 6 6 1 —
Insider Ownership 21.96%

Capital & Financial Ratios $m

Size
Market Cap 1,570.00
Revenue ttm 1,124.02
Net income ttm 139.04
Free cash flow ttm 310.12
Net debt Q (1,100.15)
Valuation
P/E 11.71
Forward P/E 12.70
Price / sales 1.39
Forward P/S Powerpack
Price / FCF 5.05
Price / book 1.29
Financial health
Current ratio Q 0.95
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +16.97% (above 0%: growing)
Operating income growth Q −3.72% (below 0%: shrinking)
EPS, this year +52.19% (at or above 15%: strong)
EPS, next year A +48.58% (at or above 15%: strong)
Revenue, next year A −37.11% (below 0%: weak)
EPS, past 5 yrs +9.29%
EPS, next 5 yrs A +39.50% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 20.50%
10-year low 10-year high
P/S against its own 10 years 3.78%
10-year low 10-year high
P/B against its own 10 years 11.51%
10-year low 10-year high

Dividends

Yield
0.35%
Annual rate
0.12
Payout ratio
4.21%
Growth, 2017–25
+2.31%/yr
  1. 0.10 ’17
  2. 0.12 ’18 +20
  3. 0.12 ’19 +0
  4. 0.12 ’20 +0
  5. 0.12 ’21 +0
  6. 0.12 ’22 +0
  7. 0.12 ’23 +0
  8. 0.12 ’24 +0
  9. 0.12 ’25 +0
  10. 0.12 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 583 609 865 1,100
Receivables — — — —
Inventory — — — —
Other — — — —
9,478 11,021 13,067 14,756
2023 2024 2025 Q'26
Payables 10,275 11,760 13,689 15,468
ST’ Debt — — — —
Other — — — —
10,298 11,873 13,791 15,568

Compound Annual Growth %

10y 5y 3y
Sales 24.21% 22.62% 15.00%
Cash Flow 0.00% 0.00% 0.00%
Earnings 17.43% 11.55% (16.44%)
Book Value 20.18% 17.17% 15.64%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.64 Actual 0.52

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.56 0.95 Beat by 0.39
Q1 FY26 0.54 0.60 Beat by 0.06
Q2 FY26 0.64 0.74 Beat by 0.10
Q3 FY26 0.64 0.52 Miss by 0.12
Q4 FY26 0.86 — Reports 20 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.60 0.74 0.56 — —
’25 0.21 0.51 0.55 0.95 2.23
’24 0.60 0.59 0.28 0.22 1.69
’23 0.01 0.39 0.88 0.36 1.64
’22 0.76 2.16 0.96 0.04 3.92
’21 0.88 1.41 0.76 0.66 3.71
’20 (0.19) 0.09 0.81 0.68 1.43
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 260 273 302 — —
’25 235 255 258 289 1,038
’24 219 233 242 232 925
’23 171 194 219 209 792
’22 125 228 174 156 682
’21 119 158 118 126 521
’20 69 89 122 94 374
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 87 31 127 — —
’25 (30) 53 66 69 158
’24 30 30 47 50 157
’23 158 136 155 (265) 185
’22 156 (79) 21 (399) (301)
’21 (37) (82) (15) 14 (120)
’20 (91) 21 (214) 23 (261)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 86 31 128 — —
’25 (32) 57 67 66 157
’24 9 36 62 53 160
’23 148 130 147 (268) 157
’22 137 (87) 13 (406) (343)
’21 (28) (83) (16) 20 (107)
’20 (92) 21 (214) 18 (268)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 151 276 259 291 374 521 682 792 925 1,038 1,124 +23.9% 653 751 839 (6.8%)
Gross margin, % 90.30 90.80 78.91 69.85 74.98 87.64 82.86 56.71 52.82 55.67 57.84 (34.6) pt
EBT 17 98 46 23 47 211 210 83 89 143 183 +26.5%
EBT margin, % 11.41 35.55 17.78 8.05 12.66 40.43 30.82 10.45 9.65 13.76 16.28 +2.4 pt
Net income 14 100 51 18 60 167 176 74 77 106 139 +25.4%
Per share, $
Per share, $ Revenue 4.41 7.55 6.46 7.25 9.20 12.08 15.56 17.86 20.55 22.71 24.26 +20.0%
Earnings 0.40 2.75 1.28 0.45 1.46 3.87 4.02 1.67 1.72 2.25 2.89 +21.2%
Cash flow (6.49) (7.86) 0.16 (12.00) (6.42) (2.77) (6.86) 4.17 3.48 3.46 6.78 n/m
Capex (0.28) (3.35) (2.76) (0.65) (0.16) 0.30 (0.96) (0.63) 0.08 (0.02) (0.08) (24.7%)
Free cash flow (6.77) (11.21) (2.60) (12.65) (6.58) (2.48) (7.81) 3.53 3.56 3.44 6.69 n/m
Book value 6.52 11.94 12.32 13.24 13.96 16.57 18.49 20.35 22.30 27.44 28.33 +17.3%
Shares, m 34 37 40 40 41 43 44 44 45 46 46 +3.3%
Valuation, ×
Valuation, × P/E 44.97 9.17 11.48 42.24 32.73 22.56 7.55 27.02 23.04 15.33 11.71 23.6
P/S 4.12 3.16 2.29 2.62 5.16 7.23 1.95 2.51 1.92 1.51 1.39 3.2
P/B 2.79 2.00 1.20 1.44 3.40 5.27 1.64 2.20 1.77 1.36 1.29 2.3
EV/Sales 2.67 2.17 1.04 1.84 4.29 6.83 1.33 1.78 1.27 0.68 — 2.4
EV/FCF (1.74) (1.47) (2.58) (1.05) (6.00) (33.29) (2.66) 8.98 7.30 4.48 — (2.8)
Cash, $m
Cash, $m Operating cash flow (222) (288) 6 (483) (261) (120) (301) 185 157 158 314 n/m
Capex (10) (123) (110) (26) (7) 13 (42) (28) 4 (1) (4) (22.2%)
Free cash flow (232) (410) (104) (509) (268) (107) (343) 157 160 157 310 n/m
Balance, $m
Balance, $m Working capital 44 38 (329) (433) (662) (648) (745) (821) (852) (724) (812) n/m
Net debt (217) (272) (324) (229) (325) (208) (421) (583) (609) (865) (1,100) +16.6%
Shareholders’ equity 223 437 494 532 568 715 811 903 1,003 1,254 1,312 +21.2%
Returns, %
Returns, % ROA 0.98 4.45 1.60 0.43 0.94 2.08 1.95 0.70 0.64 0.73 0.83 (0.2) pt
ROIC 234.77 37.43 16.98 4.95 12.19 26.40 36.27 19.05 14.22 23.07 54.08 (211.7) pt
ROE 6.52 30.46 11.06 3.52 10.82 26.03 23.09 8.62 8.13 9.51 11.28 +3.0 pt
People
People Employees 425 528 506 635 639 817 1,004 998 1,052 1,077 — +10.9%
Revenue/emp, $m 0.35 0.52 0.51 0.46 0.59 0.64 0.68 0.79 0.88 0.96 — +11.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Live Oak Bancshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HOPE Hope Bancorp, Inc. $1.7B 13.1× 13.1× +2.73% (above 0%: growing) +218.18% (above 0%: growing) +727.66% (above 0%: growing) 58.92% 0.00% Compare
QCRH QCR Holdings, Inc. $1.7B 11.9× 11.6× +5.68% (above 0%: growing) +28.65% (above 0%: growing) +1,791.78% (above 0%: growing) 64.70% 0.00% Compare
NBHC National Bank Holdings Corporation $1.6B 29.6× 20.5× +18.27% (above 0%: growing) n/m +33.48% (above 0%: growing) 69.90% 0.00% Compare
BFC Bank First National Corporation $1.6B 19.3× 17.0× +44.08% (above 0%: growing) +29.24% (above 0%: growing) +152.03% (above 0%: growing) 75.87% 0.00% Compare
CNOB ConnectOne Bancorp, Inc. $1.6B 11.3× 10.8× −10.37% (below 0%: shrinking) −24.36% (below 0%: shrinking) +162.97% (above 0%: growing) 55.38% 0.00% Compare
CASH Pathward Financial, Inc. $1.6B 9.4× 9.2× −2.04% (below 0%: shrinking) +9.41% (above 0%: growing) +20.54% (above 0%: growing) 99.33% 0.00% Compare
RBCAA Republic Bancorp, Inc. $1.6B 13.9× 12.6× +1.88% (above 0%: growing) +4.32% (above 0%: growing) −102.32% (below 0%: shrinking) 82.94% 0.00% Compare
AVAL Grupo Aval Acciones y Valores S.A. $1.6B 10.5× — +74.54% (above 0%: growing) +30.00% (above 0%: growing) +884.01% (above 0%: growing) 46.31% 0.00% Compare
LOB Live Oak Bancshares, Inc. $1.6B 11.7× 12.7× +16.97% (above 0%: growing) +1.25% (above 0%: growing) +92.37% (above 0%: growing) 58.14% 0.00%
Median of peers $1.6B 12.5× 12.6× +4.21% +28.65% +157.50% 67.30% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 965.43k 965.43k 74.00
2024 844.97k 844.97k 84.00
2023 905.49k 905.49k 97.00
2022 781.20k 781.20k 64.00
2021 884.38k 884.38k 184.00

Ownership

Directors and executive officers, together less than 1%
James S. Mahan III less than 1%
T. Rowe Price Investment Management, Inc.101 E. Pratt StreetBaltimore, Maryland less than 1%
The Vanguard Group100 Vanguard BoulevardMalvern, Pennsylvania less than 1%
BlackRock, Inc.50 Hudson YardsNew York, New York less than 1%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Live Oak Bancshares, Inc. (LOB) Latest News

27 Oct

Impact 3 · · Simply Wall St.

26 Oct

Impact 4 · · The Motley Fool earnings
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

23 Oct

Impact 3 · · StockStory
Impact 3 · · StockStory

22 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 3 · · Simply Wall St.
Impact 3 · · MarketBeat

21 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · GlobeNewswire

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · StockStory

15 Oct

Impact 3 · · Zacks

14 Oct

Impact 3 · · Zacks

13 Oct

Impact 3 · · StockStory

7 Oct

Impact 3 · · StockStory

25 Sep

Impact 3 · · StockStory

2 Sep

Impact 3 ·
Impact 3 ·

12 Aug

Impact 3 ·

24 Jul

Impact 4 · transcript

23 Jul

Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

22 Jul

Impact 3 ·
stockrow.com/LOB · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com