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LIVE OAK BANCSHARES, INC.

(LOB)
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Live Oak Bancshares : Bank converts to Finxact's open banking platform

09/21/2021 | 11:11am EDT

Live Oak Bank, a subsidiary of Live Oak Bancshares Inc. based in Wilmington, North Carolina, has converted its retail and commercial deposit accounts to Finxact's core platform. This cloud-native open core solution provides API connectivity to all of the bank's 16 retail suppliers, according to a press release.

With the platform's open APIs, banks can create and launch products faster than before to meet customer needs.

"We had a vision for the way a modern core could be a platform for the business of banking. The Finxact team has delivered that platform," Chip Mahan, chairman of Live Oak Bank, said in the release. "I believe they brought a unique combination of technical innovation and US banking expertise to the table giving us the ability to convert swiftly and run nimbly on next generation technology."

Copyright © 2021 Networld Media. All rights reserved., source Industry News

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Analyst Recommendations on LIVE OAK BANCSHARES, INC.
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Financials (USD)
Sales 2021 429 M - -
Net income 2021 159 M - -
Net Debt 2021 - - -
P/E ratio 2021 20,3x
Yield 2021 0,17%
Capitalization 3 105 M 3 105 M -
Capi. / Sales 2021 7,23x
Capi. / Sales 2022 7,38x
Nbr of Employees 701
Free-Float 72,5%
Chart LIVE OAK BANCSHARES, INC.
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Live Oak Bancshares, Inc. Technical Analysis Chart | LOB | US53803X1054 | MarketScreener
Technical analysis trends LIVE OAK BANCSHARES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 71,70 $
Average target price 72,40 $
Spread / Average Target 0,98%
EPS Revisions
Managers and Directors
James S. Mahan Chairman & Chief Executive Officer
Neil Lawrence Underwood President & Director
William C. Losch Chief Financial Officer
Miltom Emmett Petty Independent Director
William Henderson Cameron Independent Director