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WILMINGTON, N.C. - Live Oak Bancshares, Inc. (NYSE:LOB), a $1.48 billion market cap financial holding company with $406 million in annual revenue, announced Tuesday the appointment of Jeffrey W. Lunsford to its board of directors. Lunsford will also serve on the board of Live Oak Bank, the company’s banking subsidiary. According to InvestingPro data, the company maintains a GOOD financial health score, reflecting its solid operational foundation.
Lunsford brings three decades of technology leadership experience to the financial holding company. He currently serves as Chairman and CEO of Tealium, a provider of customer data infrastructure. This appointment comes as Live Oak trades at a P/E ratio of 20.46, reflecting market confidence in its growth potential.
"As a successful entrepreneur and financial technology expert, Jeff brings a deep level of technical expertise to our board," said Live Oak Bancshares Chairman and CEO James S. Mahan III in the press release.
Lunsford’s previous leadership roles include serving as Chairman and CEO of Limelight Networks and WebSideStory, a SaaS-based web analytics provider that went public in 2004 and was later acquired by Adobe Systems. He also led TogetherSoft, a software development tools company, and managed corporate development at S1 Corporation.
A former Naval Aviator, Lunsford holds a Bachelor of Science in Information and Computer Sciences from the Georgia Institute of Technology. He co-founded DefenseStorm, a cyber safety platform for financial services, where he continues to serve as Chairman.
Live Oak Bancshares describes itself as a financial holding company focused on service and technology in the banking sector. The appointment comes as the company continues its efforts in financial services innovation, according to the company statement. InvestingPro analysis reveals the company has maintained dividend payments for 11 consecutive years, with analysts predicting continued profitability this year. For deeper insights into Live Oak Bancshares’ financial health and growth prospects, investors can access comprehensive Pro Research Reports available on InvestingPro, offering expert analysis of what really matters for this innovative financial institution.
In other recent news, Live Oak Bancshares reported its second-quarter 2025 financial results, which surpassed analyst expectations. The company achieved an earnings per share (EPS) of $0.51, slightly above the projected $0.50. Revenue also exceeded forecasts, totaling $143.7 million compared to the anticipated $139.25 million. Additionally, Live Oak Bancshares announced the pricing of an underwritten offering of 4,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. These depositary shares have a liquidation preference of $25 per share, with dividends payable quarterly starting September 15, 2025, if declared by the board. Meanwhile, Raymond James reiterated its Market Perform rating for the company, expressing concerns about the broader economy’s impact on Live Oak’s SBA loan portfolio. Despite these concerns, Raymond James acknowledged that improving nonaccruals and stable past due balances indicate a potential end to the small business credit cycle. These developments highlight Live Oak Bancshares’ strong financial performance amidst broader economic challenges.
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