Live Oak Bancshares to Restate Financials After Internal Control Weakness Found

Reuters

Nov 13, 2025

<a href="https://laohu8.com/S/LOB">Live Oak Bancshares</a> to Restate Financials After Internal Control Weakness Found

$Live Oak Bancshares Inc(LOB-A)$. announced that its management and Audit Committee, in consultation with its independent auditor KPMG, have determined that previously issued financial statements for 2024 and for the first two quarters of 2025 should no longer be relied upon. The company plans to amend and restate its 2024 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q for the periods ended March 31 and June 30, 2025. The restatement will address corrections to the Statements of Cash Flows and related notes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Live Oak Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001462120-25-000096), on November 12, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/LOAK.U\">Live Oak</a> Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001462120-25-000096), on November 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861220207.SGD","symbol_name":"Blackrock FinTech A2 SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251112:nNDL4ckxJn:1","article_id":"2583007223","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583007223","pubTimestamp":1762981467,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Live Oak Bancshares Inc. announced that its management and Audit Committee, in consultation with its independent auditor KPMG, have determined that previously issued financial statements for 2024 and for the first two quarters of 2025 should no longer be relied upon. 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The company plans to amend and restate its 2024 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q for the periods ended March 31 and June 30, 2025. The restatement will address corrections to the Statements of Cash Flows and related notes.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Live Oak Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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