Live Oak Bancshares, Inc. logo Live Oak Bancshares, Inc. Net Promoter Score 2023 Benchmarks

Estimated Net Promoter Score is


Live Oak Bancshares, Inc. is an American financial services company. Live Oak specializes in originating SBA loans for new and expanding businesses. The bank is headquartered in Wilmington, North Carolina, with an office in California, in Santa Rosa. Unlike other banks, Live Oak does not use branches, instead originating loans and receiving deposits entirely online. The company was founded by James Mahan, who also founded Cardinal Bank and S1 Corporation.

Quick facts about Live Oak Bancshares, Inc.

Key people James Slaughter Mahan III, Chairman and CEO Steven Brett Caines, CFO Neil Lawrence Underwood, President and COO
Founded 2007 in Wilmington, North Carolina
Industry Financial services, SBA Loans
Traded as NASDAQ: LOB

Net Promoter Score for Top Brands compared with Live Oak Bancshares, Inc.

NPS is a customer loyalty metric that measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends or colleagues.

It is a powerful and effective technique, which can greatly increase a company's revenue if used properly.

The main advantages of NPS are close correlation with a company's growth and easy collection, interpretation and communication of the data.

Learn more about NPS

Net Promoter Score is a number from -100 from 100.

Scores higher than 0 are typically considered to be good and scores above 50 are considered to be excellent.

The industry average for Finance / Major Banks is 0.

Browse NPS benchmarks survey demo

How to understand the NPS benchmarks

The final Net Promoter Score of a company strongly depends on a context in which the satisfaction is measured.

Consider an example: If Live Oak Bancshares, Inc. sends out NPS surveys immediately after purchase, they are tracking their customers' initial excitement and the checkout experience.

On the other hand, if they survey their customers a few weeks after the purchase they are also tracking how satisfied their customers are with their products and services over time.

Therefore, comparing the NPS score of Live Oak Bancshares, Inc. with your own without any further context is not that useful.

What is extremely useful though, is using the NPS methodology to track the satisfaction of your customers over time. That's where comes in.

Learn more

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Other companies with Net Promoter Score similar to Live Oak Bancshares, Inc.

We have estimated the Net Promoter Score of Live Oak Bancshares, Inc. based on the publicly available information
including the sentiment of the company-related tweets, 3rd party reviews, and Alexa ratings.

Do you think this information is incorrect? Report incorrect information. Do you have more accurate data? Submit NPS score.