Trade Live Oak Bancshares Inc - LOB CFD

Live Oak Bancshares Inc Company profile

About Live Oak Bancshares Inc

Live Oak Bancshares, Inc. is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in lending and deposit related services to small businesses nationwide. It operates through two segments: Banking and Fintech. The Bank segment specializes in providing financing services to small businesses nationwide in industries and deposit-related services to small businesses, consumers, and other customers nationwide. The Fintech segment is comprised of the Company's wholly owned subsidiaries Live Oak Ventures and Canapi Advisors, and the investments held by those entities, as well as the Bank's investment in Apitur. Its loan portfolio includes commercial and industrial loans; construction and development loans; commercial real estate, and commercial land. It provides personal banking services, including online savings and certificate of deposit.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Live Oak Bancshares Inc interest income increased 25% to $361.2M. Net interest income after loan loss provision increased 45% to $281.6M. Net income before extraordinary items increased from $55.8M to $167M. Net interest income after loan loss provision reflects Banking segment increase of 83% to $282.7M, Fintech segment increase from $0K to $201K, Net Interest Margin - Total - % increase of 27% to 3.86%.