{"id":870375,"date":"2025-08-04T19:17:29","date_gmt":"2025-08-04T23:17:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bancshares-inc-closes-depositary-share-offering\/"},"modified":"2025-08-04T19:17:29","modified_gmt":"2025-08-04T23:17:29","slug":"live-oak-bancshares-inc-closes-depositary-share-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bancshares-inc-closes-depositary-share-offering\/","title":{"rendered":"Live Oak Bancshares, Inc. Closes Depositary Share Offering"},"content":{"rendered":"<div class=\"mw_release\">\n<p>WILMINGTON, N.C., Aug.  04, 2025  (GLOBE NEWSWIRE) &#8212; Live Oak Bancshares, Inc. (NYSE: LOB) (\u201cLive Oak\u201d or the \u201cCompany\u201d) announced the closing of its previously announced underwritten offering of 4,000,000 depositary shares, each representing a 1\/40th interest in a share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock (the \u201cSeries A Preferred Stock\u201d), with a liquidation preference of $25 per depositary share. As a result of the public offering, Live Oak received proceeds of approximately $96,150,000, net of estimated expenses and underwriting discounts and commissions.<\/p>\n<p>Morgan Stanley &amp; Co. LLC; RBC Capital Markets, LLC; UBS Investment Bank; and Keefe, Bruyette &amp; Woods, <em>A Stifel Company<\/em> served as joint bookrunning managers for the offering.<\/p>\n<p>A shelf registration statement, including a prospectus, with respect to the offering was previously filed by Live Oak with the Securities and Exchange Commission (the \u201cSEC\u201d) on January 17, 2023. A prospectus supplement relating to the offering has been filed with the SEC. The offering has been made by means of a prospectus supplement and accompanying prospectus. You may obtain these documents for free by visiting EDGAR on the SEC\u2019s website at www.sec.gov. Alternatively, the Company, any underwriter, or any dealer participating in the offering will arrange to send you the prospectus supplement if you request it by calling Morgan Stanley &amp; Co. LLC toll-free at 1-866-718-1649, RBC Capital Markets, LLC at 1-866-375-6829, UBS Investment Bank at 1-833-481-0269 or Keefe, Bruyette &amp; Woods, <em>A Stifel Company<\/em> at 1-800-966-1559.<\/p>\n<p>\n        <strong>About Live Oak Bancshares<\/strong><br \/>\n        <br \/>Live Oak Bancshares, Inc. (NYSE: LOB) is a financial holding company and parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses that share a groundbreaking focus on service and technology to redefine banking. To learn more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wTRlQwN3mURjkgtskTTxHW_U16YSPR4-pV8_RYGhrrFzn12leodmRQ_khrgVsAxtzLJqlp_TBDfl62feh7gvfTonN_PwY4apLSfE1cRjaow=\" rel=\"nofollow\" target=\"_blank\">www.liveoakbank.com<\/a>.<\/p>\n<p>\n        <strong>Contacts:<\/strong><br \/>\n        <br \/>Walter J. Phifer | CFO | Investor Relations | 910.202.6926<br \/>Claire Parker | Corporate Communications | Media Relations | 910.597.1592<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUwNTYxMiM3MDgwMjQ4IzIwMTg4MDk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODViOWZmYWItZjA2OC00MmNlLWExM2QtMTFlOWEwMDE0Y2VjLTEwMzAzODItMjAyNS0wOC0wNC1lbg==\/tiny\/Live-Oak-Bancshares-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WILMINGTON, N.C., Aug. 04, 2025 (GLOBE NEWSWIRE) &#8212; Live Oak Bancshares, Inc. (NYSE: LOB) (\u201cLive Oak\u201d or the \u201cCompany\u201d) announced the closing of its previously announced underwritten offering of 4,000,000 depositary shares, each representing a 1\/40th interest in a share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock (the \u201cSeries A Preferred Stock\u201d), with a liquidation preference of $25 per depositary share. As a result of the public offering, Live Oak received proceeds of approximately $96,150,000, net of estimated expenses and underwriting discounts and commissions. Morgan Stanley &amp; Co. LLC; RBC Capital Markets, LLC; UBS Investment Bank; and Keefe, Bruyette &amp; Woods, A Stifel Company served as joint bookrunning managers for the offering. A shelf registration statement, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bancshares-inc-closes-depositary-share-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Live Oak Bancshares, Inc. Closes Depositary Share Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-870375","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Live Oak Bancshares, Inc. Closes Depositary Share Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/live-oak-bancshares-inc-closes-depositary-share-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Live Oak Bancshares, Inc. Closes Depositary Share Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WILMINGTON, N.C., Aug. 04, 2025 (GLOBE NEWSWIRE) &#8212; Live Oak Bancshares, Inc. (NYSE: LOB) (\u201cLive Oak\u201d or the \u201cCompany\u201d) announced the closing of its previously announced underwritten offering of 4,000,000 depositary shares, each representing a 1\/40th interest in a share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock (the \u201cSeries A Preferred Stock\u201d), with a liquidation preference of $25 per depositary share. As a result of the public offering, Live Oak received proceeds of approximately $96,150,000, net of estimated expenses and underwriting discounts and commissions. Morgan Stanley &amp; Co. LLC; RBC Capital Markets, LLC; UBS Investment Bank; and Keefe, Bruyette &amp; Woods, A Stifel Company served as joint bookrunning managers for the offering. A shelf registration statement, &hellip; Continue reading &quot;Live Oak Bancshares, Inc. 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