Banking & Finance

Live Oak Bancshares Named In Fortune's 100 Fastest-Growing List

By Johanna Cano, posted Aug 16, 2019
Live Oak Bancshares has been named as one of Fortune’s 100 Fastest-Growing Companies in the world, ranking in as No. 36.

The Wilmington-based company ranked on Fortune's list based on its three-year revenue, profit and stock return performance.

“We strongly believe in a model of soundness, profitability and growth, in that order, and we are proud of the hard work our teams have done to successfully provide American small business owners with the capital they need to support the backbone of our economy,” said Chip Mahan, Live Oak Bancshares chairman and CEO, in a news release. “Technology and service are at the heart of our business and as we grow, we will continue to invest innovatively to change financial services for the better.”

According to Fortune, Live Oak Bancshares had a $264 million revenue and $41 million in net income in the past four quarters and a 40% revenue growth in the past three years.

The company also had a 74% annual earnings per share growth over three years.

Live Oak Bank, a subsidiary of Live Oak Bancshares, launched in 2009 and has lent more than $9 billion to small business owners, according to the release.

Live Oak Bancshares joins three other North Carolina businesses that also ranked on the list, including Southern Pines-based First Bancorp.

Companies that qualify for the ranking must be trading on a major U.S. stock exchange, file quarterly reports with the U.S. Securities and Exchange Commission and have a minimum capitalization of $250 million.

Fortune ranked the companies based on revenue growth rate, earnings per share growth rate and three-year annualized total return for the period ended June 28.

Momo, a China-based internet services and retailing business, ranked as No.1.
Ico insights



Executive Coaching: Helping Successful Leaders Become More Successful

Lynn Whitesell - Harris Whitesell Consulting
Leath 683x10242

How to Avoid A Nightmare Holiday Party

Lisa Leath - Leath HR Group

Failure And How To Avoid It

Ron Hewett - Academy Leadership

Trending News

White, Olson-Boseman Talk Hospital, Unlikely Partnership At Power Breakfast

Cece Nunn - Dec 12, 2019

In RiverLights, Firm Buys Land For 250 Apartments

Cece Nunn - Dec 12, 2019

Midtown Center Welcomes New Tenants, Revamped Store

Cece Nunn - Dec 13, 2019

Industry Leaders Shed Light On Gov. Cooper's First Film Council Meeting

Christina Haley O'Neal - Dec 12, 2019

In The Current Issue

Filming Reels In Jobs, Spending

Film recruiters this year landed five productions in Wilmington, and all but one project has wrapped....

Retired Leader Reflects On Service

Ann Hardy, who recently retired as manager of Brunswick County and received the Order of the Long Leaf Pine in October, looks back on her ca...

NHRMC Building Plans Continue

Even though New Hanover Regional Medical Center’s future ownership status remains up in the air, the health system has not pulled back on it...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`