Live Oak Bancshares, Inc. (LOB) Form 424B5 — Nov 4, 2026
Live Oak Bancshares filed a preliminary prospectus supplement for a new offering of depositary shares, each representing a 1/40th interest in a share of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, with a $25 liquidation preference per depositary share. The dividend rate, offering size, and price are blank pending pricing, and the shares are expected to list on NYSE under the symbol LOB/PB. The company intends to use net proceeds for general corporate purposes, including supporting balance sheet growth at its bank subsidiary and enhancing its capital position.
Key figures
- Total Debt
- 99793000
- Total Assets
- 17000000000
- Cash Position
- 1099902000
- Total Liabilities
- 15700000000
- Shares Outstanding
- 46377874
- Total deposits
- 15500000000
- Total shareholders equity
- 1312234000
- Common equity tier 1 ratio
- 9.94%
- First dividend payment date
- December 15, 2026
- Earliest optional redemption
- December 15, 2031
- Tier 1 leverage capital ratio
- 8.23%
- Series a preferred outstanding
- $96,266 thousand (100,000 shares, 8.375%)
- Total risk based capital ratio
- 11.96%
- Tier 1 risk based capital ratio
- 10.70%
- Total loans held for investment
- 13400000000
- Liquidation preference per preferred share
- $1,000
- Liquidation preference per depositary share
- $25
AI analysis
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