Live Oak Bancshares Files 8-K on Financial Results
Ticker: LOB-PA · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1462120
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**LOB just dropped an 8-K on financial results, get ready for the numbers!**
AI Summary
Live Oak Bancshares, Inc. (LOB) filed an 8-K on January 24, 2024, to report on its results of operations and financial condition. This filing, under Items 2.02 and 9.01, indicates the company is providing an update on its financial performance. For investors, this matters because it signals that detailed financial results for a recent period are being released, which will allow them to assess the company's health and future prospects, potentially impacting the stock's valuation.
Why It Matters
This filing indicates Live Oak Bancshares is releasing its financial performance data, which is crucial for investors to evaluate the company's profitability and stability.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently present a high risk.
Analyst Insight
Investors should look for the actual financial statements and results that this 8-K refers to, as they will contain the specific performance metrics needed to make informed investment decisions about Live Oak Bancshares, Inc.
Key Numbers
- January 24, 2024 — Date of Report (This is the date the earliest event reported in the 8-K occurred, indicating the timeliness of the financial update.)
- 001-37497 — Commission File Number (This unique identifier helps track Live Oak Bancshares, Inc.'s filings with the SEC.)
Key Players & Entities
- Live Oak Bancshares, Inc. (company) — the registrant filing the 8-K
- LOB (company) — trading symbol for Live Oak Bancshares, Inc.
- New York Stock Exchange LLC (company) — exchange where LOB's common stock is registered
- January 24, 2024 (date) — date of earliest event reported and filing date
- 001-37497 (dollar_amount) — Commission File Number
FAQ
What is the primary purpose of this 8-K filing by Live Oak Bancshares, Inc.?
The primary purpose of this 8-K filing, dated January 24, 2024, is to report on the company's results of operations and financial condition, as indicated by 'ITEM INFORMATION: Results of Operations and Financial Condition' and 'ITEM INFORMATION: Financial Statements and Exhibits'.
What is the trading symbol and the exchange where Live Oak Bancshares, Inc.'s common stock is registered?
Live Oak Bancshares, Inc.'s trading symbol is LOB, and its Voting Common Stock, no par value per share, is registered on the New York Stock Exchange LLC, as stated under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the earliest event reported date for this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 24, 2024, as explicitly stated under 'Date of Report (Date of earliest event reported): January 24, 2024'.
Is Live Oak Bancshares, Inc. classified as an emerging growth company?
No, Live Oak Bancshares, Inc. is not classified as an emerging growth company, as indicated by the unchecked box next to 'Emerging growth company' in the filing.
What is the business address and phone number of Live Oak Bancshares, Inc.?
The business address of Live Oak Bancshares, Inc. is 1741 Tiburon Drive, Wilmington, NC 28403, and its telephone number is (910) 790-5867, as provided in the 'BUSINESS ADDRESS' and 'Registrant’s Telephone Number' sections.
Filing Stats: 503 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-01-24 16:33:21
Filing Documents
- lob-20240124.htm (8-K) — 26KB
- lob-20240124exx991.htm (EX-99.1) — 551KB
- liveoakbancshareslogoa.jpg (GRAPHIC) — 372KB
- lob-20240124_g1.jpg (GRAPHIC) — 372KB
- 0001462120-24-000004.txt ( ) — 1984KB
- lob-20240124.xsd (EX-101.SCH) — 2KB
- lob-20240124_lab.xml (EX-101.LAB) — 23KB
- lob-20240124_pre.xml (EX-101.PRE) — 12KB
- lob-20240124_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 24, 2024, Live Oak Bancshares, Inc. (the "Company") announced financial results for the fourth quarter ended December 31, 2023. A copy of the press release announcing the Company's results for the fourth quarter is attached as Exhibit 99.1 hereto and incorporated by reference herein. The information contained in this report (including Exhibit 99.1) shall not be deemed "filed" for purposes of section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release dated January 24, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. LIVE OAK BANCSHARES, INC. Date: January 24, 2024 By: /s/ J. Wesley Sutherland J. Wesley Sutherland Chief Accounting Officer 2