{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-04T08:25:38.436742+00:00","company":{"ticker":"LOB","cik":1462120,"company_name":"Live Oak Bancshares, Inc."},"pagination":{"limit":100,"returned":7,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","facts":[{"fact_type":"earnings_release","fact_key":"127f90275d5708c519120eae4e6df5a184a97b69","cik":1462120,"ticker":"LOB","company_name":"Live Oak Bancshares, Inc.","filed_at":"2026-04-22T23:59:59+00:00","payload":{"eps_text":"$0.60 per diluted common share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$27.9 million","period_text":"first quarter ended March 31, 2026","report_date":"2026-04-22","result_type":"reported_results","revenue_text":null},"claim":"Live Oak Bancshares, Inc. reported first quarter ended March 31, 2026 results: net income $27.9 million, EPS $0.60 per diluted common share.","evidence_excerpt":"NC, April 22, 2026 - Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2026 net income attributable to common shareholders of $27.9 million, or $0.60 per diluted common share. Live Oak’s performance in the quarter, compared to the fourth quarter of 2025 and first quarter of 2025, includes these notable items: •","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001462120-26-000036","anchor_url":"https://secwatch.observer/filing/0001462120-26-000036#claim-127f90275d5708c519120eae4e6df5a184a97b69","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212026000036/0001462120-26-000036-index.htm"},{"fact_type":"auditor_change","fact_key":"9e08d515797f8b178f70dfe0611bd7d7c1f39289","cik":1462120,"ticker":"LOB","company_name":"Live Oak Bancshares, Inc.","filed_at":"2025-11-12T23:59:59+00:00","payload":{"action":"non_reliance","auditor_name":"KPMG LLP","disagreement_text":null,"effective_date":"2025-11-10","item_codes_triggered":["4.02"],"non_reliance_signal":"non_reliance","successor_auditor_name":null},"claim":"Live Oak Bancshares, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"(the “Company”), in consultation with KPMG LLP (“KPMG”), the Company’s independent registered public accounting firm, concluded that the Company will amend its 2024 Annual Report on Form 10-K (the “FY2024 Form 10-K”) and the Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2025 and June 30, 2025, respectively (collectively, the “Q1 and Q2 2025 Form 10-Qs”) to restate the Consolidated Financial Statements for each of the periods included in those filings in order to restate the Statements of Cash Flows and related notes as further described below. The FY 2024 Form 10-K and the Q1 and Q2 2025 Form 10-Qs are collectively referred to herein as the “Prior Filings.” In preparing the Company’s Consolidated Statements of Cash Flows for the quarter ended September 30, 2025, an error was identified in the classification of cash flows between operating and investing activiti","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001462120-25-000096","anchor_url":"https://secwatch.observer/filing/0001462120-25-000096#claim-9e08d515797f8b178f70dfe0611bd7d7c1f39289","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000096/0001462120-25-000096-index.htm"},{"fact_type":"governance_change","fact_key":"408238223db4f2c0cdf21a703f31e76a0de7f4c6","cik":1462120,"ticker":"LOB","company_name":"Live Oak Bancshares, Inc.","filed_at":"2025-08-04T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-07-31","item_codes_triggered":["5.03"],"summary_text":"Filed Articles of Amendment to establish series of preferred stock (Series A Non-Cumulative Perpetual Preferred Stock)"},"claim":"Live Oak Bancshares, Inc.: Filed Articles of Amendment to establish series of preferred stock (Series A Non-Cumulative Perpetual Preferred Stock) (effective 2025-07-31).","evidence_excerpt":"On July 31, 2025, the Company filed the Articles of Amendment with the Secretary of State of North Carolina, establishing the authorized number of shares of Series A Preferred Stock as 100,000 and providing for the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions related to the Series A Preferred Stock.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001462120-25-000063","anchor_url":"https://secwatch.observer/filing/0001462120-25-000063#claim-408238223db4f2c0cdf21a703f31e76a0de7f4c6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000063/0001462120-25-000063-index.htm"},{"fact_type":"executive_change","fact_key":"dd7b8132e4","cik":1462120,"ticker":"LOB","company_name":"Live Oak Bancshares, Inc.","filed_at":"2025-05-08T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-05-21","interim":false,"role":"Board member","role_category":"director","successor_name":null,"successor_named":false},"claim":"Patrick Timothy McHenry was appointed as Board member at Live Oak Bancshares, Inc..","evidence_excerpt":"appointed Patrick Timothy McHenry to serve as a Board member, effective as of May 21, 2025.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001462120-25-000039","anchor_url":"https://secwatch.observer/filing/0001462120-25-000039#claim-dd7b8132e4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000039/0001462120-25-000039-index.htm"},{"fact_type":"executive_change","fact_key":"c525adb683","cik":1462120,"ticker":"LOB","company_name":"Live Oak Bancshares, Inc.","filed_at":"2025-02-14T23:59:59+00:00","payload":{"action":"not stand for re-election","action_category":"departure","departure_tone":"routine","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Diane B. Glossman departed as Director at Live Oak Bancshares, Inc..","evidence_excerpt":"On February 11, 2025, Diane B. Glossman notified the Board of Directors of Live Oak Bancshares, Inc. (the “Company”) that she has decided not to stand for re-election to the Board of Directors at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001462120-25-000008","anchor_url":"https://secwatch.observer/filing/0001462120-25-000008#claim-c525adb683","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000008/0001462120-25-000008-index.htm"},{"fact_type":"earnings_release","fact_key":"edfd1e7299fe3c324c9187c4980060a6c81fcd01","cik":1462120,"ticker":"LOB","company_name":"Live Oak Bancshares, Inc.","filed_at":"2024-04-24T23:59:59+00:00","payload":{"eps_text":"$0.36","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$16,548","period_text":"first quarter ended March 31, 2024","report_date":"2024-04-24","result_type":"reported_results","revenue_text":"$116,208"},"claim":"Live Oak Bancshares, Inc. reported first quarter ended March 31, 2024 results: revenue $116,208, net income $16,548, EPS $0.36.","evidence_excerpt":"from the crowd.” First Quarter 2024 Key Measures (Dollars in thousands, except per share data) Increase (Decrease) 1Q 2024 4Q 2023 Dollars Percent 1Q 2023 Total revenue (1) $ 116,208 $ 119,683 $ (3,475) (2.9) % $ 101,596 Total noninterest expense 78,679 93,204 (14,525) (15.6) 78,962 Income before taxes 21,165 17,484 3,681 21.1 3,613 Effective tax rate 21.8 %","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001462120-24-000034","anchor_url":"https://secwatch.observer/filing/0001462120-24-000034#claim-edfd1e7299fe3c324c9187c4980060a6c81fcd01","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000034/0001462120-24-000034-index.htm"},{"fact_type":"executive_change","fact_key":"add04769cc","cik":1462120,"ticker":"LOB","company_name":"Live Oak Bancshares, Inc.","filed_at":"2024-04-04T23:59:59+00:00","payload":{"action":"retire","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Glen F. Hoffsis departed as Director at Live Oak Bancshares, Inc..","evidence_excerpt":"On April 1, 2024, Glen F. Hoffsis informed the Board of Directors of Live Oak Bancshares, Inc. (the “Company”) and Live Oak Banking Company, the wholly owned bank subsidiary of the Company (the “Bank”), that in the event he is reelected as a director at the Company’s 2024 annual meeting of shareholders, he intends to serve for an additional year and retire from the Boards of Directors of the Company and the Bank effective at the Company’s 2025 annual meeting of shareholders.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001462120-24-000025","anchor_url":"https://secwatch.observer/filing/0001462120-24-000025#claim-add04769cc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000025/0001462120-24-000025-index.htm"}]}