Live Oak Bancshares priced an underwritten public offering of 4,000,000 depositary shares, each representing a 1/40th ownership interest in its 8.750% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock. The securities carry a liquidation preference of $25 per depositary share, resulting in total gross proceeds of approximately $100 million. The company granted underwriters an option to purchase up to 600,000 additional shares to cover overallotments. Net proceeds are intended for general corporate purposes and balance sheet growth at Live Oak Bank. The offering is expected to close on or about November 12, 2026. Live Oak Bancshares operates as a financial holding company and the parent of Live Oak Bank.
