Live Oak Bancshares, Inc. (LOB.PA) company profile
Close on Nov 3, 2026Market cap $1.15BP/E 8.7Yield 0.49%
About Live Oak Bancshares
State Commercial Banks, SIC 6022
Live Oak Bancshares, Inc. operates as a bank holding company for Live Oak Bank, providing small business lending and deposit gathering through an online platform. The company specializes in loans partially guaranteed by the U.S. Small Business Administration, along with selected United States Department of Agriculture lending programs. Its lending focuses primarily on designated industry verticals while also serving broader commercial borrowers, high-net-worth wealth management clients, and renewable energy financing projects. The company operates through a single significant operating segment.
The company provides financial services to small businesses across the United States on a national scale without traditional branch locations. As of December 31, 2025, its workforce comprised 1,027 full-time employees, 13 part-time employees, and 37 independent contractors operating from cloud-based systems and physical offices. Live Oak Bancshares, Inc. maintains its principal executive offices and headquarters campus in Wilmington, North Carolina.
Summary of the business section of Live Oak Bancshares's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Live Oak Bancshares, Inc.
- Founded
- 2008
- Headquarters
- Wilmington, NC
- Address
- 1741 Tiburon Drive 28403
- Phone
- (910) 790-5867
- Website
- liveoak.bank
- Employees
- 1,027, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- North Carolina
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Charlotte, North Carolina
Stock & identifiers
- Ticker
- LOB.PA
- Other tickers
- LOB
- Exchange
- NYSE
- IPO date
- Jul 23, 2015
- Shares outstanding
- 46M, Aug 3, 2026
- Public float
- $1.05B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1462120
- CUSIP
- 53803X105
- ISIN
- US53803X1054
- EIN
- 26-4596286
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| James S. Mahan Iii | Chief Executive Officer, Director | 6,174,875 |
| Gregory W. Seward | General Counsel | 108,797 |
| William C. Losch III | President | 285,613 |
| Michael Cairns | Chief Credit Officer | 11,528 |
| Matthew S. Diffley | Chief Accounting Officer | 0 |
| Walter J. Phifer | Chief Financial Officer | 11,723 |
| Renato Derraik | Chief Info./Digital Off., Bank | 18,132 |
| Courtney Spencer | Chief Experience Officer | 30,536 |
| Mark Michael Moroz | Chief Banking Officer | 12,110 |
| John W. Sutherland | Chief Accounting Officer | 16,622 |
| Ewa Maria Stasiowska | Chief Risk Officer | 2,595 |
| Micah S. Davis | Chief Marketing & Comm Officer | 48,560 |
| Stephanie Mann | Chief Strategy Officer | 42,784 |
| Tonya Williams Bradford | Director | 8,043 |
| William L. Williams Iii | Director | 1,309,686 |
| David G. Lucht | Director | 13,623 |
| Patrick Timothy McHenry | Director | 3,080 |
| Yousef A. Valine | Director | 11,901 |
| Jeffrey W. Lunsford | Director | 12,640 |
| Miltom Emmett Petty | Director | 130,839 |
| William Henderson Cameron | Director | 224,864 |
| Glen F. Hoffsis | Director | 134,573 |
| Diane Beth Glossman | Director | 72,983 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $965.43K | $965.43K | $1.79M | $74 | $131 |
| FY2024 | $844.97K | $844.97K | $4.13M | $84 | $127 |
| FY2023 | $905.49K | $905.49K | $3.71M | $97 | $116 |
| FY2022 | $781.20K | $781.20K | $1.21M | $64 | $121 |
| FY2021 | $884.38K | $884.38K | $9.83M | $184 | $133 |
| FY2020 | $821.77K | $821.77K | $904.92K | $251 | $88 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| James S. Mahan III Chairman and Chief Executive Officer | $512.57K | – | – | $452.87K | $965.43K | +14% |
| William C. Losch III President | $803.08K | $80.00K | $1.56M | $334.06K | $2.78M | -79% |
| Walter J. Phifer Chief Financial Officer | $373.75K | $50.00K | $812.09K | $47.81K | $1.28M | +59% |
| Renato Derraik Chief Information and Digital Officer, & Interim Information Security Officer, Bank | $602.31K | $60.00K | $541.52K | $51.71K | $1.26M | -18% |
| Mark M. Moroz Chief Banking Officer | $446.06K | $47.50K | $1.30M | $53.71K | $1.85M | +111% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company had 1,027 full-time employees, 13 part-time employees and 37 independent contractors.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 12, 2025 | Late filing | Notification of late filing |
| Aug 4, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 4, 2025 | Late filing | Notification of late filing |
| Aug 9, 2024 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Dec 13, 2022 | Delisting | Notice of delisting from exchange (Form 25) |
| Dec 9, 2022 | Listing | Registration of securities on an exchange (Form 8-A) |
| Dec 2, 2022 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jun 3, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Oct 5, 2017 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 13, 2015 | Listing | Registration of securities on an exchange (Form 8-A) |
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