2017 Press Releases

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Q3 2017 Live Oak Bancshares Inc Earnings Conference Call (Live)
10/26/17 at 9:00 a.m. ET
Q3 2017 Live Oak Bancshares Inc Earnings Conference Call
Thursday, October 26, 2017 9:00 a.m. ET  
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10/11/17Live Oak Bancshares, Inc. Announces Date of Third Quarter 2017 Financial Results
WILMINGTON, N.C. , Oct. 11, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its third quarter 2017 financial results after U.S. financial markets close on Wednesday, October 25, 2017. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, October 26, 2017, at 9:00 a.m. ET. To access this call, dial (844) 743-2494 (domestic) or (66... 
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10/02/17First Data and Live Oak Bancshares Close Deal for Digital Banking Joint Venture
The new company, named Apiture, expands digital banking products and services for financial institutions NEW YORK and WILMINGTON, N.C., Oct. 02, 2017 (GLOBE NEWSWIRE) -- First Data (NYSE:FDC), a global leader in commerce-enabling technology, and Live Oak Bancshares, Inc. (NASDAQ:LOB), today announced they have closed the digital banking joint venture that was announced earlier this year. The new company, named Apiture, combines First Data’s and Live Oak Bank’s digital banking platforms, produ... 
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09/28/17Live Oak Bank Announces Formation of Insurance Networks Alliance
WILMINGTON, N.C., Sept. 28, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB), a lender focused on the insurance industry, announced today the formation of a group designed to support insurance networks and the challenges facing that distribution system.  “In discussing the many partnerships we have in the insurance industry, we realized that there were no groups specifically supporting the agency networks we service,” stated Michael Strakhov, Executive Director of ... 
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09/20/17Live Oak Bank Announces Heather Endresen and Lisa Forrest will Lead New Mergers and Acquisitions Lending Team
WILMINGTON, N.C., Sept. 20, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) announces Heather Endresen and Lisa Forrest will serve as senior loan officers for the bank’s new mergers and acquisitions (M&A) lending team. This segment was developed to help customers understand the process of buying other businesses and the role of financing in structuring a transaction. “Selling or merging a business is incredibly complex and often overwhelming for business own... 
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09/13/17Live Oak Bank Announces Adam Sherman as Industry Expert for New Senior Care Segment
WILMINGTON, N.C., Sept. 13, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) is pleased to announce that Adam Sherman has joined the company as the senior care lending team’s industry expert. By applying his extensive experience and expertise in healthcare real estate, Sherman will work alongside the lending team to best serve senior care facility owners and developers looking to start or grow their businesses with financing. Sherman has spent his career in healt... 
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08/23/17Live Oak Bank Adds Shannon Hay as Loan Officer, Continues Growth with Accounting and Tax Firms
WILMINGTON, N.C., Aug. 23, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) announced today that the bank is expanding its accounting and tax firm expertise through the hire of Senior Loan Officer Shannon Hay. In this role, Hay will work with Live Oak’s accounting and tax firm customers to help them start or grow their businesses through financing. Hay has spent his career helping entrepreneurs achieve their goals of small business ownership. He joins Live Oak Ba... 
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08/09/17Live Oak Bancshares, Inc. Prices Public Offering of Voting Common Stock
WILMINGTON, N.C., Aug. 09, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”), parent company and registered bank holding company of Live Oak Banking Company (the “Bank”), today announced that it has priced an underwritten public offering of 4,500,000 shares of its voting common stock at a price of $23.00 per share for aggregate gross proceeds of approximately $103.5 million. Net proceeds after underwriting discounts and commissions and expenses of th... 
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08/08/17Live Oak Bancshares, Inc. Announces Proposed Public Offering of Voting Common Stock
WILMINGTON, N.C., Aug. 08, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”), parent company and registered bank holding company of Live Oak Banking Company (the “Bank”), today announced that it has commenced an underwritten offering of approximately 4,500,000 shares of its voting common stock pursuant to its existing shelf registration statement. The Company also intends to grant to the underwriters a 30-day option to purchase up to an additional 15... 
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07/26/17Live Oak Bancshares, Inc. Reports Second Quarter 2017 Results
WILMINGTON, N.C., July 26, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported second quarter net earnings available to common shareholders of $9.8 million, or $0.27 per diluted share, compared to $123 thousand, or $0.00 per diluted share, for the second quarter of 2016.  The Company achieved record-level production in the second quarter with loan and lease originations of $586.5 million. “We exited the first half of 2017 having gener... 
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07/12/17Live Oak Bancshares, Inc. Announces Date of Second Quarter 2017 Financial Results
WILMINGTON, N.C., July 12, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its second quarter 2017 financial results after U.S. financial markets close on Wednesday, July 26, 2017. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, July 27, 2017, at 9:00 a.m. ET. To access this call, dial (844) 743-2494 (domestic) or (661) 378... 
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05/09/17Live Oak Bancshares to Host Investor Conference Call
WILMINGTON, N.C., May 09, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) will host a conference call on Wednesday, May 10, 2017, at 9:00 a.m. EST.  On the conference call, senior management from Live Oak will review Live Oak’s announcement of a joint venture with First Data Corporation (NYSE:FDC). To access this call, dial (844) 743-2494 (domestic) or (661) 378-9528 (international) with conference ID 20039141. A live webcast of the conference call will be availab... 
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05/09/17Live Oak Bancshares and First Data Announce New Digital Banking Joint Venture
NEW YORK and WILMINGTON, N.C,, May 09, 2017 (GLOBE NEWSWIRE) -- First Data (NYSE:FDC), a global leader in commerce-enabling technology and Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) parent company to national online lender Live Oak Banking Company and to Live Oak Ventures, today announced a new joint venture to accelerate the growth of next generation digital banking services. As part of the agreement, First Data and Live Oak will contribute their digital banking platforms, product... 
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04/26/17Live Oak Bancshares, Inc. Reports First Quarter 2017 Results
WILMINGTON, N.C., April 26, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported first quarter net earnings available to common shareholders of $6.1 million, or $0.17 per diluted share, compared to $4.7 million, or $0.13 per diluted share, for the first quarter of 2016.  During the first quarter of 2017, the Company completed its acquisition of Reltco, Inc. and National Assurance Title, Inc. (collectively referred to as "Reltco"), two nat... 
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04/10/17Live Oak Bancshares, Inc. Announces Date of First Quarter 2017 Financial Results
WILMINGTON, N.C., April 10, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) today announced that it will report its first quarter 2017 financial results after U.S. financial markets close on Wednesday, April 26, 2017. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, April 27, 2017, at 9:00 a.m. ET. To access this call, dial (844) 743-2494 (domestic) or (661) 3... 
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04/03/17Live Oak Bancshares Names Scott Custer as President of Live Oak Bank
WILMINGTON, N.C., April 03, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq:LOB) announced today the appointment of Scott Custer to Bank President for Live Oak Banking Company, effective April 3, 2017. As part of the reorganization, Neil Underwood will remain President of the Holding Company, Live Oak Bancshares and focus on Live Oak’s strategic technology development, including as President of Live Oak Ventures, formed in August 2016 for the purpose of investing in bus... 
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01/25/17Live Oak Bancshares, Inc. Reports Fourth Quarter 2016 Results
WILMINGTON, N.C., Jan. 25, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported fourth quarter net earnings available to common shareholders of $5.5 million, or $0.16 per diluted share, compared to $5.7 million, or $0.16 per diluted share, for the fourth quarter of 2015.  The fourth quarter of 2016 included $3.4 million in expense from previously disclosed stock-based compensation awards, a $1.4 million impairment on aircraft slated for s... 
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01/12/17Live Oak Bancshares, Inc. Announces Date of Fourth Quarter 2016 Financial Results
WILMINGTON, N.C., Jan. 12, 2017 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (Nasdaq: LOB) today announced that it will report its fourth quarter 2016 financial results after U.S. financial markets close on Wednesday, January 25, 2017. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, January 26, 2017, at 9:00 a.m. ET. To access this call, dial (844) 743-2494 (domestic) or (6... 
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