Live Oak Bancshares prices $100M depositary share offering of 8.375% preferred stock

Live Oak Bancshares, Inc.

Offers 4,000,000 depositary shares at $25 each, representing 1/40th interest in Series A preferred stock.
Dividend rate of 8.375% per annum, payable quarterly starting September 15, 2025.
Net proceeds to support balance sheet growth at Live Oak Banking Company and enhance capital position.
Underwriters include Morgan Stanley, RBC Capital Markets, UBS Securities, and Keefe, Bruyette & Woods.
Offering expected to close on or about August 4, 2025; shares to list on NYSE under symbol 'LOB PR A'.

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