Every material Form 8-K Live Oak Bancshares, Inc. has filed with the SEC since October 20, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Live Oak Bancshares agreed on November 4, 2026 to sell 4,000,000 depositary shares, each representing a 1/40th interest in its 8.750% Series B non-cumulative perpetual preferred stock, at a $25 liquidation value per depositary share. The company expects the offering to close on or about November 12, 2026, and says the net proceeds will fund general corporate purposes, including balance sheet growth at Live Oak Banking Company and its capital position.
Underwriters are Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods, RBC Capital Markets and UBS; the underwriters have a 30-day option for up to 600,000 additional depositary shares.
Dividends are 8.750% per annum, payable quarterly when declared by the board, beginning December 15, 2026.
The company may redeem the Series B preferred stock on or after December 15, 2031, or after a regulatory capital treatment event, at $1,000 per share ($25 per depositary share).
Live Oak intends to list the depositary shares on the NYSE under the symbol LOB/PB.
Live Oak Bancshares reported third quarter 2026 net income attributable to common shareholders of $24.3 million, or $0.52 per diluted share, down 30.1% from the second quarter. Total revenue rose 12.5% from the second quarter to $175.6 million, but the provision for credit losses more than doubled to $54.7 million, which shareholders should weigh against the revenue growth. The company will discuss its results and business outlook on a conference call on October 22, 2026, at 9:00 a.m. ET.
Net income attributable to common shareholders was $24.3 million, or $0.52 per diluted share, versus $34.7 million, or $0.74, in Q2 2026 and $25.6 million, or $0.55, in Q3 2025.
Total revenue was $175.6 million, up 12.5% from Q2 2026 and 23.4% from Q3 2025.
Provision for credit losses was $54.7 million, up from $25.8 million in Q2 2026, including $17.0 million tied to the stressed distillery portfolio.
Total assets reached $17.0 billion at September 30, 2026, and loan and lease production was $2.1 billion in the quarter.
Live Oak Bancshares disclosed that Renato Derraik notified the company on October 14, 2026, that he is resigning as Chief Information & Digital Officer of Live Oak Banking Company, to pursue other endeavors. His last day with the bank will be November 6, 2026.
Renato Derraik resigned as Chief Information & Digital Officer of Live Oak Banking Company.
Notice of resignation given to the company on October 14, 2026.
Last day of employment with the bank is November 6, 2026.
The filing gives no successor name and no financial figures.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Live Oak Bancshares, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →