Live Oak Bank has set a lofty goal for itself in its 2025 fiscal year: to more than double the number of its small-dollar SBA loans. In the company’s first-quarter earnings call in April, officials said the Wilmington-based bank is setting a target of making more than $250 million in small-dollar business loans, defined as loans of $500,000 or less. These loans ar ...

Wilmington-based digital banking firm Apiture announced Thursday the launch of Fintech Connector, which allows financial technology firms or fintechs to integrate into Apiture's banking platform. The new program allows the company's fintech partners to integrate directly with Apiture’s consumer and business banking solutions. That enables Apiture clients t ...

During its earnings call Wednesday, Wilmington-based nCino highlighted its financial figures for the first quarter of fiscal year 2026. The quarter ended April 30, 2025. The cloud banking software company's report indicated that total revenues were $144.1 million, a 13% increase from $128.1 million in the first quarter of fiscal year 2025. Compared to Q1 of fis ...

Wilmington-based software firm nCino announced plans Tuesday to lay off approximately 7% of its global workforce. “As a global market-leader, nCino continuously evaluates our organizational structure to optimize operations and drive efficiency across the business,” Natalia Moose, nCino’s head of brand marketing, wrote in an email to the Business Journa ...

This week, two Wilmington-based financial technology companies announced they have entered new partnerships to enhance their products.   Apiture, a digital banking tech firm, unveiled a report designed to help banks and credit unions assess their data management capabilities and address shortcomings. The publication, Improving Your Financial Institution’s Data ...

Although key indicators show continued growth, Wilmington-based Live Oak Bancshares reported earnings for the first quarter of its 2025 fiscal year that disappointed analysts. For the quarter that ended March 31, Live Oak Bank reported total revenue of $126.1 million, a year-over-year increase of 8.5%, but short of the Zacks Consensus Estimate of $130.7 million. Earning ...

Tuesday’s quarterly and year-end earnings report from Wilmington-based nCino sent the company’s stock down more than 25%, although the share price was ticking back up Wednesday afternoon. For the fourth quarter of fiscal 2025, which ended Jan. 31, the cloud-based banking software firm posted total revenues of $141.4 million, a 14% increase from $123.7 millio ...

In February, Sean Desmond was appointed president, CEO and board member of Wilmington-based fintech company nCino. Desmond, who was previously nCino’s chief product officer in a role in which he oversaw about two-thirds of the company's employees, succeeded Pierre Naudé, who remained on as the board’s executive chairm ...

Chase Bank plans to establish its first Wilmington-area branch on the former Wild Wing Cafe site in Landfall Shopping Center. The city of Wilmington received a formal site application last week for an approximately 3,300-square-foot new Chase Bank at 1331 Military Cutoff Road. Wild Wing Cafe closed the site in early 2023 after operating in the Wilmington area for nearly ...

These days, as banks jockey for new deposits to remain compliant with regulatory capital reserve requirements, First Carolina Bank has followed a course that sets it apart from many of its counterparts.   At the end of January, the Rocky Mount-based financial institution with a branch in Wilmington announced the successful acquisition of Pennsylvania-based BM Techno ...