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Wilmington, NC-based digital bank and the nation's leading SBA 7(a) loan originator by volume.
Wilmington, NC-based digital bank and the nation's leading SBA 7(a) loan originator by volume.
Lends to small businesses with part of each loan guaranteed by the US Small Business Administration, often selling the guaranteed slice to investors for an up-front gain while keeping the servicing fee, and funds itself with online deposits rather than branches. Its lending leans toward specialised industries where it has built deep knowledge.
Moat: narrow (process know-how, scale). Scale and technology in SBA loan origination and servicing outpace most bank competitors.
Headquarters: Wilmington, North Carolina, US · Founded: 2008 · Employees: 1,027
Size Live Oak Bancshares (LOB) is a United States Financials company (Regional Banks) with a market value of $1.57B, the 1956th largest of 3,117 United States companies the cockpit tracks. Shares closed at $33.92 on 6 Nov 2026.
Performance Over six months the shares fell 10.0%, against +1.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 8.6% over the last twelve months (peer median +5.5%); the operating margin is 25.6% (peer median 39.0%).
Valuation It trades at 1.30× book value against a peer median of 0.92× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 17.1%; Live Oak Bancshares delivers 11.1%, so the price asks more than the business earns today.
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.10B | $1.01B | $933M | $811M | $534M |
| Revenue growth | — | +9% | +15% | +52% | — |
| Net income | $139M | $106M | $77.5M | $73.9M | $176M |
| Free cash flow | $309M | $143M | $107M | $130M | $80.7M |
| Capital expenditure | $16.5M | $14.8M | $49.3M | $46.8M | $43.8M |
| Total debt | $99.8M | $105M | $115M | $26.5M | $85.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Live Oak Bancshares LOB | $1.57B | -10% | +9% | 11% | 1.30× | 17.1% |
| Byline Bancorp BY | $1.70B | +15% | +2% | 12% | 1.34× | 10.3% |
| NewtekOne NEWT | $309M | -25% | +24% | 14% | 0.84× | 10.3% |
| ConnectOne Bancorp CNOB | $1.63B | +8% | +24% | 10% | 1.10× | 10.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LOB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | -0.6% | 9th lowest of 21 |
| 6-month return | -10.0% | +1.5% | 4th lowest of 21 |
| Return on equity | 11.1% | 9.7% | 6th highest of 21 |
| Price / book | 1.30× | 0.92× | 6th most expensive of 21 |
| Trailing P/E | 12.1× | 12.2× | 7th cheapest of 19 |
| ROE the price implies | 17.1% | 6.5% | most demanding of 21 |
| ROE delivered | 11.1% | 9.9% | 6th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Live Oak Bancshares LOB | United States | $1.57B | -10% | +9% | 11% | 1.30× | 17.1% | 11.1% |
| Keiyo Bank 8544.T | Japan | $1.58B | -1% | +19% | 6% | 0.78× | 6.9% | 5.7% |
| Republic Bancorp RBCAA | United States | $1.59B | +17% | -2% | 12% | 1.52× | 10.1% | 11.5% |
| Yibin City Commercial Bank 2596.HK | Hong Kong | $1.55B | +2% | +6% | 6% | 0.91× | 5.1% | 5.5% |
| Zhejiang Shaoxing Ruifeng Rural Commercial Bank 601528.SS | China | $1.60B | +4% | -8% | 10% | 0.51× | 3.4% | 9.9% |
| Jiangsu Zhangjiagang Rural Commercial Bank 002839.SZ | China | $1.61B | -4% | -10% | 11% | 0.54× | 2.6% | 10.6% |
| K Bank 279570.KS | South Korea | $1.53B | -18% | 0% | 6% | 0.93× | 5.3% | n/a |
| Bank of Tianjin 1578.HK | Hong Kong | $1.52B | -22% | -4% | 5% | 0.14× | 3.3% | 5.2% |
| National Bank NBHC | United States | $1.63B | -14% | +14% | 4% | 1.01× | 9.0% | 3.6% |
| ConnectOne Bancorp CNOB | United States | $1.63B | +8% | +24% | 10% | 1.10× | 10.7% | 9.6% |
| Lakeland Financial LKFN | United States | $1.51B | -1% | +2% | 15% | 2.07× | 14.8% | 15.4% |
| Bank First BFC | United States | $1.64B | +1% | +33% | 12% | 1.98× | 10.9% | 11.9% |
| Origin Bancorp OBK | United States | $1.64B | +14% | +5% | 10% | 1.29× | 10.1% | 10.4% |
| Nanto Bank 8367.T | Japan | $1.65B | +7% | +13% | 6% | 0.81× | 5.9% | 6.1% |
| Jiangsu Suzhou Rural Commercial Bank 603323.SS | China | $1.50B | -1% | -7% | 11% | 0.49× | 2.3% | 10.7% |
| Bank of Nagoya 8522.T | Japan | $1.67B | -8% | +25% | 7% | 0.83× | 6.1% | 7.3% |
| TriCo Bancshares TCBK | United States | $1.67B | +2% | +4% | 11% | 1.26× | 9.6% | 10.6% |
| Amalgamated Financial AMAL | United States | $1.47B | +18% | +12% | 15% | 1.77× | 13.0% | 15.3% |
| Musashino Bank 8336.T | Japan | $1.47B | -3% | +31% | 6% | 0.82× | 6.0% | 5.8% |
| Byline Bancorp BY | United States | $1.70B | +15% | +2% | 12% | 1.34× | 10.3% | 12.3% |
| CCI 7381.T | Japan | $1.44B | +7% | +49% | 7% | 0.83× | 4.1% | 7.1% |