Live Oak Bancshares, Inc.
liveoakbank.comWhat Do They Do?
Provides loans and deposit services to small businesses and professionals nationwide through an online banking platform.
10-K for FY2025, filed Feb 27, 2026Live Oak Bancshares, Inc. (individually, “Bancshares” and collectively with its subsidiaries including Live Oak Banking Company, the…View ↗
The Company predominantly originates loans partially guaranteed by the U.S. Small Business Administration (the “SBA”) and to a lesser…View ↗
In addition to focusing on industry verticals, the Company emphasizes developing detailed knowledge of its customers’ businesses. This…View ↗
Live Oak Bancshares, Inc. (collectively with its subsidiaries including Live Oak Banking Company, the “Company”) is a financial holding…View ↗
How Do They Make Money?
Makes most of its money from interest on loans it keeps, and also from selling government-guaranteed loans and servicing those loans. GLS charges fees for requested settlement, accounting and valuation services, with payment generally received the following month.
10-K for FY2025, filed Feb 27, 2026The Company generates revenue primarily from net interest income and secondarily through the origination and sale of government guaranteed…View ↗
Service based revenues are included in other noninterest income in the consolidated statements of income and consist of other recurring…View ↗
GLS provides services when requested by clients. Each requested service represents a specific performance obligation with a transaction…View ↗
$908.5M
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10-K for FY2025, filed Feb 27, 2026
$908.5M ↗
Who Are Their Customers?
Lends to small businesses and professionals nationwide, using an online platform to originate loans and work with customers through servicing rather than through traditional branches.
10-K for FY2025, filed Feb 27, 2026The Company predominantly originates loans partially guaranteed by the U.S. Small Business Administration (the “SBA”) and to a lesser…View ↗
In addition to focusing on industry verticals, the Company emphasizes developing detailed knowledge of its customers’ businesses. This…View ↗
Live Oak Bancshares, Inc. (collectively with its subsidiaries including Live Oak Banking Company, the “Company”) is a financial holding…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 16 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 2.5x in 4 years, from $361.2M in FY2021 to $908.5M in FY2025, about 26% a year.
Fund advisory services
The earlier report described Canapi Advisors as providing investment advice to venture funds; the latest report says it withdrew from that role and was later dissolved.
10-K for FY2022, filed Feb 23, 2023 10-K for FY2025, filed Feb 27, 2026Canapi Advisors, LLC (“Canapi Advisors”), formed in September 2018 for the purpose of providing investment advisory services to a series of…View ↗
As of December 31, 2025, the Company’s wholly owned material subsidiaries were the Bank, Government Loan Solutions (“GLS”), Live Oak Grove…View ↗
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