---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-25-000058"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2025-07-29T23:59:59+00:00"
generated_at: "2026-05-17T23:37:49.960950+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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'.

## SEC filing metadata
- accession: 0001462120-25-000058
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2025-07-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000058/0001462120-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000058/lob-20250728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-25-000058
- JSON: https://secwatch.observer/filing/0001462120-25-000058.json
- Plain text: https://secwatch.observer/filing/0001462120-25-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.