Live Oak Bancshares Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Chip Mahan

Chief executive officer

US$781.2k

Total compensation

CEO salary percentage	65.4%
CEO tenure	16.3yrs
CEO ownership	15.1%
Management average tenure	2.8yrs
Board average tenure	12yrs

Recent management updates

Recent updates

Live Oak Bancshares GAAP EPS of $0.04 misses by $0.37, revenue of $104.97M misses by $7.04M

Jan 25

Live Oak Bancshares: Slow Down Ahead But Topline Growth Likely To Remain Positive

Jan 19

Live Oak Bancshares (NYSE:LOB) Ticks All The Boxes When It Comes To Earnings Growth

Jan 09

Live Oak Bancshares, Inc. Just Beat Revenue Estimates By 27%

Oct 30

Elpha secure raises $20M in series A funding led by Canapi Ventures

Oct 06

Live Oak Bank named lending partner for finance auto platform Ramp

Sep 07

Live Oak Bancshares goes ex-dividend tomorrow

Sep 01

Live Oak Bancshares Q2 2022 Earnings Preview

Jul 26

Is Now The Time To Put Live Oak Bancshares (NASDAQ:LOB) On Your Watchlist?

Jul 15

I Ran A Stock Scan For Earnings Growth And Live Oak Bancshares (NASDAQ:LOB) Passed With Ease

Apr 08

CEO Compensation Analysis

How has Chip Mahan's remuneration changed compared to Live Oak Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$74m
Sep 30 2023	n/a	n/a	US$60m
Jun 30 2023	n/a	n/a	US$63m
Mar 31 2023	n/a	n/a	US$142m
Dec 31 2022	US$781k	US$511k	US$176m
Sep 30 2022	n/a	n/a	US$205m
Jun 30 2022	n/a	n/a	US$196m
Mar 31 2022	n/a	n/a	US$162m
Dec 31 2021	US$884k	US$513k	US$167m
Sep 30 2021	n/a	n/a	US$166m
Jun 30 2021	n/a	n/a	US$166m
Mar 31 2021	n/a	n/a	US$107m
Dec 31 2020	US$822k	US$511k	US$60m
Sep 30 2020	n/a	n/a	US$37m
Jun 30 2020	n/a	n/a	US$7m
Mar 31 2020	n/a	n/a	US$8m
Dec 31 2019	US$716k	US$511k	US$18m
Sep 30 2019	n/a	n/a	US$22m
Jun 30 2019	n/a	n/a	US$32m
Mar 31 2019	n/a	n/a	US$41m
Dec 31 2018	US$987k	US$511k	US$51m
Sep 30 2018	n/a	n/a	US$113m
Jun 30 2018	n/a	n/a	US$111m
Mar 31 2018	n/a	n/a	US$107m
Dec 31 2017	US$802k	US$511k	US$100m

Compensation vs Market: Chip's total compensation ($USD781.20K) is below average for companies of similar size in the US market ($USD5.57M).

Compensation vs Earnings: Chip's compensation has been consistent with company performance over the past year.

CEO

Chip Mahan (71 yo)

16.3yrs

Tenure

US$781,195

Compensation

Mr. James S. Mahan III, also known as Chip, serves as Managing Partner at CenterHarbor Canapi Ventures Investment Advisor LLC (formerly known as Canapi Ventures). He has built his career revolutionizing th...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Losch	President	less than a year	US$3.98m	0.14% $ 2.4m
Gregory Seward	Chief Risk Officer & General Counsel	8.5yrs	US$2.58m	0.22% $ 4.0m
Stephanie Mann	Chief Strategy Officer	1.8yrs	US$2.54m	0.038% $ 678.3k
Renato Derraik	Chief Information & Digital Officer of Bank	2.8yrs	US$3.79m	0.029% $ 507.6k
James Mahan	Chairman & CEO	no data	US$781.20k	15.07% $ 265.9m
William Williams	Vice Chairman & Executive VP	16.3yrs	no data	2.99% $ 52.7m
Walter Phifer	Chief Financial Officer	less than a year	no data	0.0080% $ 141.5k
John Sutherland	Chief Accounting Officer	10.3yrs	no data	0.10% $ 1.8m
Claire Parker	Senior Vice President of Corporate Communications	no data	no data	no data
Micah Davis	Chief Marketing & Communications Officer	no data	no data	0.098% $ 1.7m
Steven Smits	Chief Credit Officer	9.2yrs	US$1.05m	0.33% $ 5.9m
Mark Moroz	EVP & Head of Deposits	1.3yrs	no data	no data

2.8yrs

Average Tenure

51.5yo

Average Age

Experienced Management: LOB's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Mahan	Chairman & CEO	16.3yrs	US$781.20k	15.07% $ 265.9m
William Williams	Vice Chairman & Executive VP	16.3yrs	no data	2.99% $ 52.7m
Diane Glossman	Independent Director	9.7yrs	US$208.34k	0.15% $ 2.6m
David Lucht	Director	3.2yrs	US$170.00k	0.037% $ 646.8k
Neil Underwood	Director	16.3yrs	US$979.08k	3.42% $ 60.4m
William Cameron	Independent Director	10.4yrs	US$170.00k	0.46% $ 8.0m
Yousef Valine	Independent Director	1.6yrs	US$71.01k	0.0067% $ 117.8k
Miltom Petty	Independent Director	13.7yrs	US$176.00k	0.29% $ 5.2m
Glen Hoffsis	Independent Director	16.3yrs	US$155.00k	0.29% $ 5.0m
Tonya Bradford	Independent Director	3.6yrs	US$175.00k	0.011% $ 190.2k

12.0yrs

Average Tenure

68yo

Average Age

Experienced Board: LOB's board of directors are seasoned and experienced ( 12 years average tenure).

Live Oak Bancshares Management

Management criteria checks 4/4

Key information

Recent management updates

Live Oak Bancshares, Inc., Annual General Meeting, May 21, 2024

Chief Accounting Officer recently sold US$427k worth of stock

Chief Accounting Officer notifies of intention to sell stock

Independent Director notifies of intention to sell stock

Insufficient new directors

Insider exercised options and sold US$343k worth of stock

Recent updates

Live Oak Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Live Oak Bancshares, Inc., Annual General Meeting, May 21, 2024

Chief Accounting Officer recently sold US$427k worth of stock

Chief Accounting Officer notifies of intention to sell stock

Independent Director notifies of intention to sell stock

Insufficient new directors

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.03 per share

Insider exercised options and sold US$343k worth of stock

Fourth quarter dividend of US$0.03 announced

Consensus EPS estimates fall by 10%

Full year 2023 earnings: EPS misses analyst expectations

Live Oak Bancshares, Inc. Reports Net Charge-Offs for the Third Quarter Ended December 31, 2023

Price target increased by 8.8% to US$46.25

Live Oak Bancshares, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Price target increased by 9.2% to US$38.75

Live Oak Bancshares: Time For A Downgrade

Chief Credit Officer recently sold US$897k worth of stock

Chief Credit Officer notifies of intention to sell stock

Chief Accounting Officer recently sold US$670k worth of stock

Upcoming dividend of US$0.03 per share at 0.4% yield

Chief Accounting Officer notifies of intention to sell stock

Live Oak Bancshares Announces Executive Changes

Insider recently sold US$591k worth of stock

Insider notifies of intention to sell stock

Consensus EPS estimates increase by 27%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Live Oak Bancshares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Live Oak Bancshares: Solid Deposit Growth, But Expensive Price

Live Oak Bancshares, Inc. Declares Cash Dividend, Payable on September 19, 2023

Now 22% undervalued

Consensus EPS estimates increase by 14%

Price target increased by 39% to US$37.75

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Live Oak Bancshares, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Live Oak Bancshares, Inc. to Report Q2, 2023 Results on Jul 25, 2023

Price target increased by 7.2% to US$28.00

Live Oak Bancshares, Inc.(NYSE:LOB) dropped from Russell 2000 Growth Index

Live Oak Bancshares: Doubts About The Future

Now 21% undervalued

New minor risk - Share price stability

Investor sentiment improves as stock rises 18%

Upcoming dividend of US$0.03 per share at 0.5% yield

Live Oak Bancshares, Inc. Declares Cash Dividend, Payable on June 21, 2023

Director recently bought US$100k worth of stock

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 12%

Price target decreased by 9.8% to US$29.75

Investor sentiment deteriorates as stock falls 17%

Now 20% undervalued

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.03 per share at 0.3% yield

Now 21% undervalued after recent price drop

Investor sentiment improves as stock rises 22%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Live Oak Bancshares GAAP EPS of $0.04 misses by $0.37, revenue of $104.97M misses by $7.04M

Live Oak Bancshares: Slow Down Ahead But Topline Growth Likely To Remain Positive

Live Oak Bancshares, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Live Oak Bancshares (NYSE:LOB) Ticks All The Boxes When It Comes To Earnings Growth

Price target decreased to US$35.00

Upcoming dividend of US$0.03 per share

Live Oak Bancshares, Inc. Declares Cash Dividend, Payable on December 13, 2022

Less than half of directors are independent

Consensus forecasts updated

Live Oak Bancshares, Inc. Just Beat Revenue Estimates By 27%

Price target decreased to US$35.75

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Live Oak Bancshares, Inc. Announces Net Charge-Offs for the Third Quarter of 2022