Steve  Smits net worth and biography

Steve Smits Biography and Net Worth

Steve Smits is the chief credit officer for Live Oak Bank. He is the former associate administrator for the Office of Capital Access at the U.S. Small Business Administration. While at the SBA, he was responsible for managing and overseeing the agency’s programs and operations designed to expand access to capital for America’s small businesses. This included managing the agency’s $100 billion small business loan portfolio. He also played a critical role in implementing many of the provisions in the Small Business Jobs Act that was signed into law by the President in September 2010.

What is Steve Smits' net worth?

The estimated net worth of Steve Smits is at least $6.02 million as of December 7th, 2023. Mr. Smits owns 145,751 shares of Live Oak Bancshares stock worth more than $6,020,974 as of March 27th. This net worth estimate does not reflect any other investments that Mr. Smits may own. Additionally, Mr. Smits receives a salary of $547,920.00 as Insider at Live Oak Bancshares. Learn More about Steve Smits' net worth.

How old is Steve Smits?

Mr. Smits is currently 57 years old. There are 6 older executives and no younger executives at Live Oak Bancshares. The oldest executive at Live Oak Bancshares is Mr. James S. Mahan III, Chairman & CEO, who is 72 years old. Learn More on Steve Smits' age.

What is Steve Smits' salary?

As the Insider of Live Oak Bancshares, Inc., Mr. Smits earns $547,920.00 per year. There are 4 executives that earn more than Mr. Smits. The highest earning executive at Live Oak Bancshares is Mr. William C. Losch III, President, who commands a salary of $798,370.00 per year. Learn More on Steve Smits' salary.

How do I contact Steve Smits?

The corporate mailing address for Mr. Smits and other Live Oak Bancshares executives is 1741 TIBURON DRIVE, WILMINGTON NC, 28403. Live Oak Bancshares can also be reached via phone at (866) 518-0286. Learn More on Steve Smits' contact information.

Has Steve Smits been buying or selling shares of Live Oak Bancshares?

Steve Smits has not been actively trading shares of Live Oak Bancshares during the last ninety days. Most recently, Steve Smits sold 10,000 shares of the business's stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $36.25, for a transaction totalling $362,500.00. Following the completion of the sale, the insider now directly owns 145,751 shares of the company's stock, valued at $5,283,473.75. Learn More on Steve Smits' trading history.

Who are Live Oak Bancshares' active insiders?

Live Oak Bancshares' insider roster includes Diane Glossman (Director), Susan Janson (Insider), William Losch, III (CFO), Gregory Seward (General Counsel), Steve Smits (Insider), John Sutherland (CAO), Neil Underwood (President), and Willam Williams, III (EVP). Learn More on Live Oak Bancshares' active insiders.

Are insiders buying or selling shares of Live Oak Bancshares?

In the last twelve months, Live Oak Bancshares insiders bought shares 2 times. They purchased a total of 9,000 shares worth more than $197,580.00. In the last twelve months, insiders at the bank sold shares 6 times. They sold a total of 83,613 shares worth more than $2,898,500.31. The most recent insider tranaction occured on March, 11th when insider Micah S Davis sold 8,613 shares worth more than $343,400.31. Insiders at Live Oak Bancshares own 24.9% of the company. Learn More about insider trades at Live Oak Bancshares.

Information on this page was last updated on 3/11/2024.

Steve Smits Insider Trading History at Live Oak Bancshares

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/7/2023Sell10,000$36.25$362,500.00145,751View SEC Filing Icon  
12/5/2023Sell15,000$35.62$534,300.00155,751View SEC Filing Icon  
3/2/2022Sell2,747$63.13$173,418.11View SEC Filing Icon  
11/11/2021Sell20,000$93.77$1,875,400.00View SEC Filing Icon  
9/2/2021Sell25,000$61.19$1,529,750.00View SEC Filing Icon  
2/8/2021Sell15,000$43.40$651,000.00151,206View SEC Filing Icon  
5/15/2018Sell5,000$28.85$144,250.0052,631View SEC Filing Icon  
5/11/2018Sell5,000$29.10$145,500.0057,631View SEC Filing Icon  
See Full Table

Steve Smits Buying and Selling Activity at Live Oak Bancshares

This chart shows Steve Smits's buying and selling at Live Oak Bancshares by year and by quarter.

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Live Oak Bancshares Company Overview

Live Oak Bancshares logo
Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; financing for renewable energy application industry; wealth and investment management services to high-net-worth individuals and families; and investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
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Today's Range

Now: $41.43
Low: $41.15
High: $41.66

50 Day Range

MA: $39.33
Low: $35.73
High: $42.85

2 Week Range

Now: $41.43
Low: $19.53
High: $47.22

Volume

17,046 shs

Average Volume

168,874 shs

Market Capitalization

$1.85 billion

P/E Ratio

25.26

Dividend Yield

0.30%

Beta

1.59