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$905.5k

Total compensation

CEO salary percentage	56.4%
CEO tenure	16.8yrs
CEO ownership	15.0%
Management average tenure	2.3yrs
Board average tenure	12.6yrs

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

CEO Compensation Analysis

How has Chip Mahan's remuneration changed compared to Live Oak Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$84m
Jun 30 2024	n/a	n/a	US$111m
Mar 31 2024	n/a	n/a	US$101m
Dec 31 2023	US$905k	US$511k	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 ($USD905.49K) is below average for companies of similar size in the US market ($USD5.34M).

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

CEO

Chip Mahan (72 yo)

16.8yrs

Tenure

US$905,493

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 serves as Director since 2024 at Defens...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Mahan	Chairman & CEO	no data	US$905.49k	14.99% $ 324.3m
William Losch	President	less than a year	US$3.98m	0.27% $ 5.9m
Gregory Seward	Chief Risk Officer & General Counsel	9.1yrs	US$2.58m	0.19% $ 4.1m
Stephanie Mann	Chief Strategy Officer	2.3yrs	US$2.54m	0.064% $ 1.4m
Renato Derraik	Chief Information & Digital Officer of Bank	3.4yrs	US$3.79m	0.083% $ 1.8m
William Williams	Vice Chairman & Executive VP	16.8yrs	no data	2.97% $ 64.3m
Walter Phifer	Chief Financial Officer	less than a year	no data	0.0080% $ 172.5k
John Sutherland	Chief Accounting Officer	10.8yrs	no data	0.031% $ 671.1k
Claire Parker	Senior Vice President of Corporate Communications	no data	no data	no data
Micah Davis	Chief Marketing & Communications Officer	no data	no data	0.097% $ 2.1m
Steven Smits	Head of Commercial Banking	less than a year	US$1.05m	0.33% $ 7.2m
Mark Moroz	EVP & Head of Deposits	1.8yrs	no data	no data

2.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: LOB's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Mahan	Chairman & CEO	16.8yrs	US$905.49k	14.99% $ 324.3m
William Williams	Vice Chairman & Executive VP	16.8yrs	no data	2.97% $ 64.3m
Diane Glossman	Independent Director	10.3yrs	US$208.34k	0.16% $ 3.4m
David Lucht	Director	3.8yrs	US$170.00k	0.036% $ 783.0k
Neil Underwood	Director	16.8yrs	US$979.08k	3.4% $ 73.7m
William Cameron	Independent Director	11yrs	US$170.00k	0.46% $ 10.0m
Yousef Valine	Independent Director	2.2yrs	US$155.00k	0.015% $ 317.5k
Miltom Petty	Independent Director	14.3yrs	US$176.00k	0.28% $ 6.0m
Glen Hoffsis	Independent Director	16.8yrs	US$155.00k	0.29% $ 6.3m
Tonya Bradford	Independent Director	4.2yrs	US$175.00k	0.013% $ 281.1k

12.6yrs

Average Tenure

69yo

Average Age

Experienced Board: LOB's board of directors are seasoned and experienced ( 12.6 years average tenure).

Live Oak Bancshares Management

Management criteria checks 4/4

Key information

Recent management updates

Chief Accounting Officer notifies of intention to sell stock

Chief Risk Officer & General Counsel recently sold US$470k worth of stock

Chief Risk Officer & General Counsel notifies of intention to sell stock

President exercised options and sold US$945k worth of stock

Chief Accounting Officer recently sold US$860k worth of stock

Chief Accounting Officer notifies of intention to sell stock

Recent updates

Chief Accounting Officer notifies of intention to sell stock

Chief Risk Officer & General Counsel recently sold US$470k worth of stock

Chief Risk Officer & General Counsel notifies of intention to sell stock

Investor sentiment improves as stock rises 24%

Consensus EPS estimates fall by 10%

Price target decreased by 12% to US$47.33

Live Oak Bancshares: Loan Originations Spike, But Credit Risk Worries

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Live Oak Bancshares, Inc. to Report Q3, 2024 Results on Oct 23, 2024

Price target increased by 9.0% to US$54.25

Investor sentiment improves as stock rises 16%

President exercised options and sold US$945k worth of stock

Chief Accounting Officer recently sold US$860k worth of stock

Chief Accounting Officer notifies of intention to sell stock

Second quarter dividend of US$0.03 announced

Live Oak Bancshares, Inc. Declares Cash Dividend, Payable on September 17, 2024

President exercised options and sold US$717k worth of stock

Consensus EPS estimates increase by 15%

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Live Oak Bancshares: CD Related Costs Could Become A Tailwind

Investor sentiment improves as stock rises 16%

Live Oak Bancshares, Inc. to Report Q2, 2024 Results on Jul 24, 2024

Live Oak Bancshares, Inc. Announces Michael J. Cairns to Be Named as Chief Credit Officer as Steven J. Smits Will Take New Role as Head of Commercial Banking

First quarter dividend of US$0.03 announced

Price target decreased by 9.6% to US$42.25

Live Oak Bancshares, Inc. Reports Net Charge Offs for the First Quarter Ended March 31, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued after recent price drop

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