Live Oak Bancshares (LOB)
Market Price (4/13/2026): $35.76 | Market Cap: $1.6 BilSector: Financials | Industry: Regional Banks
Live Oak Bancshares (LOB)
Market Price (4/13/2026): $35.76Market Cap: $1.6 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, FCF Yield is 8.8% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -99% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% Low stock price volatilityVol 12M is 39% Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 18% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Renewable Energy Transition. Themes include Online Banking & Lending, Solar Energy Generation, Show more. | Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -17% Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% | Key risksLOB key risks include [1] a material weakness in internal controls over financial reporting and [2] the inherent credit risk associated with its small business lending focus. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.8%, FCF Yield is 8.8% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -99% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% |
| Low stock price volatilityVol 12M is 39% |
| Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 18% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Renewable Energy Transition. Themes include Online Banking & Lending, Solar Energy Generation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -17% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 11% |
| Key risksLOB key risks include [1] a material weakness in internal controls over financial reporting and [2] the inherent credit risk associated with its small business lending focus. |
Qualitative Assessment
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1. Strong Fourth Quarter 2025 Earnings Exceed Expectations.
Live Oak Bancshares reported fourth-quarter 2025 net income attributable to common shareholders of $44.1 million, or $0.95 per diluted share, significantly surpassing analysts' consensus estimates of $0.56 per share by $0.39, representing a 69.64% positive surprise. This strong performance was driven by a record $6.21 billion in loan production and $1.93 billion in deposit growth for 2025, leading to a 16.9% increase in total assets to $15.13 billion.
2. Favorable Analyst Ratings and Price Target Increases.
The company received positive attention from analysts, notably with TD Cowen initiating coverage with a "Buy" rating and a $50 price target on January 21, 2026, which contributed to a 6% jump in the stock price that day. Additionally, Zacks Research upgraded Live Oak Bancshares from a "strong sell" to a "hold" rating on March 17, 2026. The average 12-month price objective among brokerages covering the stock is $44.20, with some projections reaching up to $51.00, indicating a positive outlook.
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Stock Movement Drivers
Fundamental Drivers
The 4.0% change in LOB stock from 12/31/2025 to 4/12/2026 was primarily driven by a 46.8% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.32 | 35.71 | 4.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 522 | 541 | 3.7% |
| Net Income Margin (%) | 13.3% | 19.6% | 46.8% |
| P/E Multiple | 22.6 | 15.5 | -31.4% |
| Shares Outstanding (Mil) | 46 | 46 | -0.3% |
| Cumulative Contribution | 4.0% |
Market Drivers
12/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LOB | 4.0% | |
| Market (SPY) | -5.4% | 51.9% |
| Sector (XLF) | -7.3% | 72.2% |
Fundamental Drivers
The 1.6% change in LOB stock from 9/30/2025 to 4/12/2026 was primarily driven by a 76.5% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.16 | 35.71 | 1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 506 | 541 | 7.0% |
| Net Income Margin (%) | 11.1% | 19.6% | 76.5% |
| P/E Multiple | 28.6 | 15.5 | -45.9% |
| Shares Outstanding (Mil) | 46 | 46 | -0.6% |
| Cumulative Contribution | 1.6% |
Market Drivers
9/30/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LOB | 1.6% | |
| Market (SPY) | -2.9% | 42.4% |
| Sector (XLF) | -5.4% | 68.0% |
Fundamental Drivers
The 34.4% change in LOB stock from 3/31/2025 to 4/12/2026 was primarily driven by a 21.6% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.56 | 35.71 | 34.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 482 | 541 | 12.4% |
| Net Income Margin (%) | 16.1% | 19.6% | 21.6% |
| P/E Multiple | 15.5 | 15.5 | -0.1% |
| Shares Outstanding (Mil) | 45 | 46 | -1.5% |
| Cumulative Contribution | 34.4% |
Market Drivers
3/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LOB | 34.4% | |
| Market (SPY) | 16.3% | 58.9% |
| Sector (XLF) | 3.0% | 67.8% |
Fundamental Drivers
The 48.1% change in LOB stock from 3/31/2023 to 4/12/2026 was primarily driven by a 157.2% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.11 | 35.71 | 48.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 392 | 541 | 38.1% |
| Net Income Margin (%) | 45.0% | 19.6% | -56.5% |
| P/E Multiple | 6.0 | 15.5 | 157.2% |
| Shares Outstanding (Mil) | 44 | 46 | -4.1% |
| Cumulative Contribution | 48.1% |
Market Drivers
3/31/2023 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LOB | 48.1% | |
| Market (SPY) | 63.3% | 45.6% |
| Sector (XLF) | 64.9% | 60.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LOB Return | 84% | -65% | 51% | -13% | -13% | 7% | -22% |
| Peers Return | 94% | -28% | 27% | 14% | 16% | 6% | 149% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| LOB Win Rate | 50% | 33% | 50% | 58% | 50% | 50% | |
| Peers Win Rate | 77% | 42% | 53% | 48% | 57% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| LOB Max Drawdown | -16% | -67% | -34% | -30% | -41% | -7% | |
| Peers Max Drawdown | -2% | -37% | -29% | -16% | -19% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AX, NEWT, CUBI, HBAN, BY. See LOB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | LOB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -79.5% | -25.4% |
| % Gain to Breakeven | 387.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -59.0% | -33.9% |
| % Gain to Breakeven | 143.8% | 51.3% |
| Time to Breakeven | 159 days | 148 days |
| 2018 Correction | ||
| % Loss | -59.2% | -19.8% |
| % Gain to Breakeven | 144.9% | 24.7% |
| Time to Breakeven | 630 days | 120 days |
Compare to AX, NEWT, CUBI, HBAN, BY
In The Past
Live Oak Bancshares's stock fell -79.5% during the 2022 Inflation Shock from a high on 11/4/2021. A -79.5% loss requires a 387.8% gain to breakeven.
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About Live Oak Bancshares (LOB)
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Here are 1-3 brief analogies for Live Oak Bancshares (LOB):- It's like Bank of America, but laser-focused on providing government-backed loans to small businesses.
- Imagine a traditional bank like Wells Fargo that also acts as a venture capital firm, investing in new financial technology companies.
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- Deposit Products: Accepts various types of deposits, including noninterest-bearing demand, checking, money market, savings, and time deposits.
- Commercial & Real Estate Loans: Offers commercial and industrial loans, construction and development loans, owner-occupied and non-owner-occupied commercial real estate loans, and commercial land loans.
- Government-Guaranteed Loan Services: Provides settlement, accounting, and securitization services specifically for government-guaranteed loans.
- Wealth & Investment Management: Delivers wealth and investment management services to high-net-worth individuals and families.
- Fintech Venture Capital Advisory: Offers investment advisory services to funds focused on providing venture capital to financial technology companies.
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Live Oak Bancshares (LOB) primarily serves individuals and businesses directly. Its major customer categories include:
- Individuals and Families: This broad category encompasses general individual depositors, professionals seeking commercial banking services, and high-net-worth individuals and families who utilize the company's wealth and investment management services.
- Small Businesses: Live Oak Bancshares provides a range of commercial banking products and services, including various types of loans (commercial, industrial, construction, real estate, land) and deposit products, specifically tailored for small businesses.
- Investment Funds: The company offers investment advisory services to a series of funds that focus on providing venture capital to new and emerging financial technology companies.
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The following are major suppliers for Live Oak Bancshares (LOB):
- nCino (NCNO)
- Amazon (AMZN)
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James S. (Chip) Mahan III, Chairman and Chief Executive Officer
Chip Mahan founded Live Oak Bancshares in 2007 and currently serves as its Chairman and CEO. He has a career marked by revolutionizing the banking industry, having previously served as CEO and Chairman of S1 Corporation and as the founder of Security First Network Bank, recognized as the world's first internet bank. Under his leadership, S1 Corporation achieved significant growth, with a peak market capitalization of $7.8 billion. Before S1, he founded Cardinal Bancshares, serving as its Chairman and CEO, and successfully took the company public in 1992. Mahan also formed an investment group that acquired Citizens Union National Bank & Trust Co., which was later sold to BankOne Corp. He is a co-founder and managing partner of Canapi Ventures, a venture fund focused on financial technology, and has also co-founded other fintech companies such as nCino, Finxact, and Payrailz. Live Oak Ventures, the company's venture arm, has experienced successful exits with Finxact, which was sold to Fiserv for $650 million in 2022, and Payrailz, acquired by Jack Henry for $230 million in the same year.
Walter J. Phifer, Chief Financial Officer
Walter J. Phifer assumed the role of Chief Financial Officer in November 2023, following his tenure as Treasurer and Head of Finance, Planning and Analysis. He joined Live Oak in 2015 and brings 19 years of experience in the financial industry, having previously served as the Deposits Finance Manager at Barclays US.
William C. (BJ) Losch III, President
BJ Losch was appointed President of Live Oak Bancshares in August 2023. Prior to this, he served as the Chief Financial Officer until November 2023, a position he initially took in 2021 upon joining Live Oak. In 2022, he also took on the role of Chief Banking Officer. Losch's extensive background includes 12 years as Senior Executive Vice President and CFO at First Horizon Corp., and he also held senior roles at First Union and Wachovia banks.
Neil L. Underwood, Director
Neil Underwood is a co-founder of Live Oak Bancshares and has been a member of its Board of Directors since 2008, having previously served as President until November 2023. He is also a co-founder and General Partner of Canapi Ventures, a venture fund specializing in financial technology. Through Live Oak Ventures, he played a key role in incubating several fintech companies, including Finxact, Payrailz, DefenseStorm, and Greenlight. Additionally, Underwood co-founded nCino. His prior experience includes serving as General Manager of S1 Corporation.
Lee Williams III, Vice Chairman
Lee Williams III is one of the original founders of Live Oak Bank and currently serves as the Vice Chairman of the company. Before co-founding Live Oak, he spent 19 years in corporate banking at Wachovia and 14 years focused on SBA lending at Vine Street Financial. He re-joined Chip Mahan at Cardinal Bancshares in 1992 to establish Vine Street Financial and later left BB&T (where Vine Street Financial became a division) in May 2007 to found Live Oak Bank.
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1. Credit Risk from Specialized Lending Segments: Live Oak Bancshares focuses on commercial and industrial loans, construction and development loans, and commercial real estate loans, primarily to small businesses and professionals. A significant downturn in these specific economic sectors, adverse market conditions in commercial real estate or construction, or an increase in defaults among its specialized customer base could materially impact the bank's asset quality, loan portfolio performance, and overall profitability.
2. Interest Rate Sensitivity and Net Interest Margin Fluctuations: As a financial institution, Live Oak Bancshares' profitability is highly dependent on its net interest margin, which is the difference between interest earned on assets (like loans) and interest paid on liabilities (like deposits). Significant and rapid changes in prevailing interest rates, whether upward or downward, could adversely affect the bank's funding costs, loan demand, or the yield on its earning assets, leading to a compression of its net interest margin and reduced earnings.
3. Regulatory and Programmatic Changes to Government-Guaranteed Loan Programs: A notable part of Live Oak Bancshares' business involves the origination, settlement, accounting, and securitization of government-guaranteed loans. Any adverse changes in the regulatory environment, funding availability, eligibility criteria, or the overall structure of these government programs (such as those offered by the Small Business Administration) could directly impact a core revenue stream and a significant business segment of the company.
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The emergence and rapid growth of digitally-native financial technology (FinTech) companies, including challenger banks, online lenders, and robo-advisors, which leverage advanced technology to offer more efficient, user-friendly, and often lower-cost banking, lending, and investment management services, poses a clear emerging threat to Live Oak Bancshares' traditional banking operations.
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```htmlLive Oak Bancshares (LOB) operates in several addressable markets primarily within the United States. The estimated market sizes for their main products and services are as follows:
- Small Business Lending: The U.S. small business loan market was valued at $245.39 billion in 2023 and is projected to reach $349.64 billion by 2033. Another estimate indicates the small business lending market is nearly a $1.7 trillion market, showing growth between 2019 and 2022. Banks in the U.S. provided over $328 billion in loans to small businesses in 2023.
- Commercial Real Estate (CRE) Loans: The total commercial real estate mortgage borrowing and lending in the U.S. is estimated to have been $498 billion in 2024. The broader U.S. CRE mortgage market, encompassing loans backed by income-producing properties, is approximately $4.5 trillion, including $470 billion in construction loans, as of March 2023. The overall U.S. Real Estate Loan Market was valued at $3.5 trillion in 2024.
- Wealth and Investment Management Services: The global wealth management market was valued at $1.25 trillion in 2020 and is projected to reach $3.43 trillion by 2030, with North America holding the largest share in 2020.
- Government-Guaranteed Loans (SBA Loans): The U.S. Small Business Administration (SBA) provided $37.8 billion in 7(a) and 504 funding in fiscal year 2024. For fiscal year 2025, the SBA guaranteed approximately $45 billion in 7(a) and 504 loans.
- FinTech Venture Capital Advisory: Global venture funding to FinTech startups totaled $51.8 billion in 2025. The United States venture capital market reached $1.31 trillion in 2025, and FinTech services accounted for 25.2% of the U.S. venture capital market share in 2024. U.S. startups specifically attracted about $24.2 billion in FinTech funding (in a recent period, likely 2025).
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Live Oak Bancshares (LOB) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Strong Loan Growth, particularly in its specialized small business and government-guaranteed lending segments. The company has demonstrated record loan production and consistent growth in its total loan balances, leveraging its niche in SBA and specialty lending. The "Live Oak Express" small-dollar SBA 7(a) platform is noted as a significant and growing contributor to gain-on-sale revenues.
- Continued Expansion of Customer Deposits and an Improved Funding Mix. Live Oak Bancshares is actively focused on increasing customer deposits, with a particular emphasis on low-cost deposits and business checking accounts. This strategy aims to enhance funding stability and is considered highly accretive to earnings. The company is also working to deepen customer relationships by increasing the percentage of clients who hold both loan and deposit accounts.
- Net Interest Margin (NIM) Expansion. The bank has reported consistent expansion of its net interest margin, which is a critical indicator of profitability. This growth is attributed to overall balance sheet expansion and ongoing efforts in deposit repricing, contributing directly to increased net interest income.
- Leveraging Digital Transformation and Artificial Intelligence (AI) for Operational Efficiency and Customer Engagement. Live Oak Bancshares maintains a digital-first strategy and is actively integrating AI technology to enhance operational efficiency, improve customer experiences, and streamline employee interactions. This focus on advanced technology is expected to lead to scalable efficiencies and accelerate customer acquisition. The company also has long-term plans to evolve into an "AI-native bank."
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Share Issuance
- Live Oak Bancshares, Inc. priced 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, with a liquidation preference of $25 per depositary share, on July 28, 2025.
- The offering of depositary shares closed on August 4, 2025, resulting in net proceeds to Live Oak Bancshares of approximately $96.15 million, after estimated expenses and underwriting discounts and commissions.
- The net proceeds from the preferred stock offering are intended for general corporate purposes, including supporting the balance sheet growth of Live Oak Banking Company and enhancing the Company's capital position.
Outbound Investments
- In 2025, Live Oak Bancshares recorded a pre-tax gain of $24.1 million from the sale of Apiture, Inc., which was reflected in equity method investments income (loss).
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to LOB.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.1% | 3.1% | 0.0% |
| 03202026 | MKTX | MarketAxess | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.2% | -5.2% | -5.7% |
| 03202026 | RYAN | Ryan Specialty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -2.7% | -2.7% | -8.5% |
| 01312024 | LOB | Live Oak Bancshares | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 24.3% | -2.3% | -12.8% |
| 02282022 | LOB | Live Oak Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | -43.1% | -45.8% | -55.4% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 34.43 |
| Mkt Cap | 2.1 |
| Rev LTM | 671 |
| Op Inc LTM | - |
| FCF LTM | 239 |
| FCF 3Y Avg | 161 |
| CFO LTM | 319 |
| CFO 3Y Avg | 211 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.4% |
| Rev Chg 3Y Avg | 11.4% |
| Rev Chg Q | 14.6% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 31.1% |
| CFO/Rev 3Y Avg | 31.8% |
| FCF/Rev LTM | 29.0% |
| FCF/Rev 3Y Avg | 26.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.1 |
| P/S | 3.1 |
| P/EBIT | - |
| P/E | 11.5 |
| P/CFO | 10.3 |
| Total Yield | 9.4% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 7.5% |
| D/E | 0.5 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 9.0% |
| 3M Rtn | -4.0% |
| 6M Rtn | 16.1% |
| 12M Rtn | 48.7% |
| 3Y Rtn | 68.7% |
| 1M Excs Rtn | 7.1% |
| 3M Excs Rtn | -1.4% |
| 6M Excs Rtn | 11.8% |
| 12M Excs Rtn | 11.8% |
| 3Y Excs Rtn | 2.3% |
Price Behavior
| Market Price | $35.71 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 07/23/2015 | |
| Distance from 52W High | -14.4% | |
| 50 Days | 200 Days | |
| DMA Price | $36.34 | $34.73 |
| DMA Trend | up | down |
| Distance from DMA | -1.7% | 2.8% |
| 3M | 1YR | |
| Volatility | 40.1% | 36.4% |
| Downside Capture | 0.72 | 0.62 |
| Upside Capture | 190.74 | 140.07 |
| Correlation (SPY) | 49.7% | 49.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.15 | 1.51 | 1.65 | 1.26 | 1.24 | 1.36 |
| Up Beta | 1.14 | 0.69 | 1.77 | 1.21 | 1.20 | 1.41 |
| Down Beta | 0.76 | 1.02 | 1.47 | 1.38 | 1.17 | 1.08 |
| Up Capture | 107% | 167% | 200% | 116% | 160% | 296% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 8 | 19 | 28 | 56 | 123 | 367 |
| Down Capture | 139% | 185% | 149% | 122% | 119% | 109% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 13 | 22 | 34 | 67 | 126 | 380 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOB | |
|---|---|---|---|---|
| LOB | 55.0% | 38.5% | 1.22 | - |
| Sector ETF (XLF) | 16.9% | 17.3% | 0.74 | 69.7% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 57.8% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | -6.5% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 3.2% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 49.2% |
| Bitcoin (BTCUSD) | -4.3% | 43.7% | 0.02 | 29.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOB | |
|---|---|---|---|---|
| LOB | -12.0% | 48.3% | -0.09 | - |
| Sector ETF (XLF) | 9.7% | 18.7% | 0.40 | 58.9% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 52.3% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 0.2% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 9.0% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 48.0% |
| Bitcoin (BTCUSD) | 4.3% | 56.5% | 0.30 | 23.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOB | |
|---|---|---|---|---|
| LOB | 9.5% | 47.2% | 0.37 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 59.0% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 51.3% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | -0.7% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 16.3% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 46.2% |
| Bitcoin (BTCUSD) | 67.6% | 66.9% | 1.07 | 16.6% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/21/2026 | 4.5% | -1.8% | 4.8% |
| 10/22/2025 | -3.3% | -8.1% | -15.1% |
| 7/23/2025 | 0.6% | -0.6% | 8.3% |
| 4/23/2025 | 6.6% | 5.5% | 8.8% |
| 1/22/2025 | -14.0% | -12.7% | -21.5% |
| 10/23/2024 | -10.3% | -14.2% | 1.7% |
| 7/24/2024 | 3.8% | 5.3% | -5.0% |
| 4/24/2024 | -14.0% | -16.0% | -15.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 14 |
| # Negative | 10 | 11 | 10 |
| Median Positive | 3.8% | 6.8% | 10.5% |
| Median Negative | -5.7% | -4.5% | -9.0% |
| Max Positive | 15.4% | 34.8% | 38.9% |
| Max Negative | -14.0% | -16.0% | -21.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/17/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/18/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mahan, James S Iii | Chief Executive Officer | James S. Mahan Revocable Trust | Sell | 12232025 | 36.17 | 10,000 | 361,734 | 110,974,348 | Form |
| 2 | Mahan, James S Iii | Chief Executive Officer | James S. Mahan Revocable Trust | Sell | 12192025 | 35.97 | 10,000 | 359,699 | 110,709,741 | Form |
| 3 | Mahan, James S Iii | Chief Executive Officer | James S. Mahan Revocable Trust | Sell | 12162025 | 35.13 | 10,000 | 351,313 | 108,479,974 | Form |
| 4 | Mahan, James S Iii | Chief Executive Officer | James S. Mahan Revocable Trust | Sell | 12122025 | 34.33 | 10,000 | 343,283 | 106,343,564 | Form |
| 5 | Mahan, James S Iii | Chief Executive Officer | James S. Mahan Revocable Trust | Sell | 12092025 | 32.81 | 10,000 | 328,090 | 101,965,254 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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