2024-07-26 14:22:30 ET
Summary
- Live Oak Bancshares stock had a total return of 76% since my last article, which was totally unexpected.
- Q2 2024 results showed strong loan growth and solid deposit base for LOB.
- Management's aggressive borrowing strategy and high Price/TBV ratio lead to a hold rating for LOB stock.
My last article regarding Live Oak Bancshares ( LOB ) was more than a year ago, in the midst of the banking crisis triggered by the failure of SVB. At that time, no regional bank managed to perform well, but a recovery process gradually began as the BTFP was launched....
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For further details see:
Live Oak Bancshares: CD Related Costs Could Become A Tailwind