Live Oak Bancshares, Inc.

Live Oak Bancshares, Inc., incorporated on December 18, 2008, is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA). Lending Activities The Company’s loan portfolio includes commercial and industrial loans; construction and development loans; commercial real estate, and commercial land. The Company offers lending services to agriculture, death care management, healthcare, independent pharmacies, registered investment advisors, veterinary industry and other industries. It offers construction and development loans for the purpose of acquisition and development of land to be managed through the construction of commercial buildings. The commercial land loans are extensions of credit secured by farmland. As of December 31, 2016, the Company’s net loans amounted to $907 million. Investment Activities The Company’s investment securities include the United States Government agencies, residential mortgage-backed securities and mutual fund. All residential mortgage-backed securities in the Company’s portfolio are backed by the United States Government sponsored enterprises (GSEs). As of December 31, 2016, the Company’s total securities amounted to $71 million. Sources of Funds The Company’s deposits include non-interest-bearing deposits and interest-bearing deposits, such as interest-bearing checking, money market and time deposits. As of December 31, 2016, the Company’s total deposits amounted to $1.4 billion.
Stock ExchangeCEL
CountryUnited Kingdom
World RegionEurope
CEOMr. David Stevens CBE
Registered Year1993

2017 2016 2015
  € m € m € m
Total interest income 103 57 34
Total Interest Expenses 25 15 9
Net Interest income 78 43 26
Total Net Revenue 105 94 81
Earnings per share
Basic 2.75 0.4 0.66
Diluted 2.65 0.39 0.65
Total current assets
Other assets 1,34,242 37,009 23,281
Total assets 27,58,474 17,55,261 10,52,622
Total current liabilities
Total liabilities 23,21,541 15,32,414 8,53,167
Total Equity 4,36,933 2,22,847 1,99,455
Net income
Net cash provided by operating activities 288 222 335
Net cash used for investment activities 535 320 60
Net cash provided by financing activities 880 677 348
Currency in EUR, All numbers in million.


United States