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Live Oak Bancshares prices $100M preferred share offering with 8.75% dividend rate

Company Fundamentals
05 Nov 2026, 02:53 WIB
GlobeNewsWire
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Neutral
Live Oak Bancshares prices $100M preferred share offering with 8.75% dividend rate

Live Oak Bancshares, Inc. announced the pricing of an underwritten offering of 4 million depositary shares representing preferred stock with an 8.75% fixed annual dividend. The preferred shares have a liquidation preference of $25 each and dividends payable quarterly starting December 15, 2026. The company may redeem the shares starting December 15, 2031, and plans to list the shares on the NYSE under the symbol "LOB/PB." Net proceeds will support corporate purposes including balance sheet growth and capital enhancement. The offering is expected to close around November 12, 2026, with Morgan Stanley and others as joint bookrunners.

Live Oak Bancshares, Inc. depositary share offering is the subject. For readers following Financials-sector US stocks, here is Pluang's market snapshot: of 142 priced stocks, 112 rose and 30 fell. Notable movers include APO at USD 122.49 with a 1-day change of +7.87%, BSBR at USD 4.78 up +6.94%, and NWG at USD 16.54 up +6.85%. This data is as of Nov 05, 2026 06:21 WIB.

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