Live Oak Bancshares (LOB) Financials

$33.48 +1.65 (+5.18%)

As of 09:34 AM Eastern

Annual Income Statements for Live Oak Bancshares

This table shows Live Oak Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	10	21	14	100	51	18	60	167	176	74	77
Consolidated Net Income / (Loss)	10	21	14	100	51	18	60	167	176	74	77
Net Income / (Loss) Continuing Operations	10	21	14	100	51	18	60	167	176	74	77
Total Pre-Tax Income	17	34	17	98	46	23	47	211	210	83	89
Total Revenue	75	110	136	251	204	204	281	457	565	457	500
Net Interest Income / (Expense)	15	26	43	78	108	140	195	297	328	345	376
Total Interest Income	21	34	57	103	163	228	288	361	444	688	812
Loans and Leases Interest Income	20	33	55	100	147	208	271	348	419	624	745
Investment Securities Interest Income	0.46	0.81	1.13	1.43	8.73	15	15	13	20	33	38
Other Interest Income	0.16	0.30	1.03	2.41	6.60	4.80	2.62	0.94	6.26	31	29
Total Interest Expense	5.85	8.86	15	25	55	88	94	64	117	343	436
Deposits Interest Expense	4.73	7.38	14	24	54	88	90	60	115	340	431
Long-Term Debt Interest Expense	1.12	1.48	0.96	1.22	0.13	0.00	3.96	4.69	1.94	2.76	5.58
Total Non-Interest Income	60	84	94	173	96	64	86	160	238	112	124
Other Service Charges	15	19	27	38	40	38	47	47	53	61	73
Net Realized & Unrealized Capital Gains on Investments	45	65	67	133	49	16	29	103	175	41	41
Other Non-Interest Income	-	-	0.00	1.86	7.97	9.66	11	10	10	10	9.76
Provision for Credit Losses	2.79	3.81	13	9.54	5.56	15	41	15	41	51	96
Total Non-Interest Expense	55	72	106	143	153	165	193	231	314	323	314
Salaries and Employee Benefits	29	40	63	75	77	91	113	125	171	175	183
Net Occupancy & Equipment Expense	6.08	9.18	12	22	33	34	51	46	55	55	58
Marketing Expense	8.71	12	13	14	15	13	6.96	11	19	21	21
Property & Liability Insurance Claims	-	0.51	1.42	3.21	3.23	3.45	7.47	7.07	9.76	17	11
Other Operating Expenses	11	9.99	14	24	21	24	15	39	44	40	41
Impairment Charge	0.00	0.00	3.20	4.34	2.68	0.60	0.00	3.19	16	15	0.53
Income Tax Expense	7.39	14	3.44	-2.25	-5.40	5.43	-12	44	34	8.93	12
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.02	-0.01	-	-	-	-	-	0.00	0.00	-0.06
Basic Earnings per Share	$0.42	$0.66	$0.40	$2.75	$1.28	$0.45	$1.46	$3.87	$4.02	$1.67	$1.72
Weighted Average Basic Shares Outstanding	-	-	-	-	-	-	-	-	44.15M	44.77M	45.57M
Diluted Earnings per Share	$0.41	$0.65	$0.39	$2.65	$1.24	$0.44	$1.43	$3.71	$3.92	$1.64	$1.69
Weighted Average Diluted Shares Outstanding	-	-	-	-	-	-	-	-	44.15M	44.77M	45.57M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	-	-	-	-	-	44.15M	44.77M	45.57M
Cash Dividends to Common per Share	-	-	$0.07	$0.10	$0.12	$0.12	$0.12	$0.12	$0.12	$0.12	$0.12

This table shows Live Oak Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	1.79	0.40	18	40	16	28	27	13	9.90	9.72	23
Consolidated Net Income / (Loss)	1.79	0.40	18	40	16	28	27	13	9.84	9.67	23
Net Income / (Loss) Continuing Operations	1.79	0.40	18	40	16	28	27	13	9.84	9.67	23
Total Pre-Tax Income	0.72	3.61	19	43	17	22	36	18	13	13	31
Total Revenue	105	102	108	127	120	116	125	130	128	126	144
Net Interest Income / (Expense)	86	82	84	89	90	90	91	97	97	101	109
Total Interest Income	137	151	170	181	187	192	198	209	213	213	224
Loans and Leases Interest Income	127	139	152	163	170	176	182	192	195	196	205
Investment Securities Interest Income	6.72	7.55	8.50	8.70	8.75	8.95	9.22	9.75	10	11	12
Other Interest Income	2.58	4.82	8.85	9.19	8.26	7.46	7.39	7.02	7.26	6.40	8.12
Total Interest Expense	51	69	85	91	97	102	107	112	115	113	115
Deposits Interest Expense	50	68	85	91	97	102	105	110	113	111	113
Long-Term Debt Interest Expense	0.35	1.80	0.41	0.29	0.27	0.31	1.77	1.76	1.74	1.69	1.68
Total Non-Interest Income	19	20	24	38	30	26	34	33	31	26	35
Other Service Charges	15	14	14	14	19	21	22	16	15	12	13
Net Realized & Unrealized Capital Gains on Investments	1.97	3.13	7.77	22	8.41	2.99	10	14	13	11	18
Other Non-Interest Income	2.56	2.54	2.54	2.50	2.44	2.45	2.42	2.42	2.46	2.57	3.10
Provision for Credit Losses	20	19	13	10	9.00	16	12	35	34	29	23
Total Non-Interest Expense	85	79	76	74	93	78	78	78	81	84	89
Salaries and Employee Benefits	43	45	43	43	44	47	46	45	45	48	49
Net Occupancy & Equipment Expense	16	13	14	14	14	13	14	15	16	16	16
Marketing Expense	5.76	6.01	5.78	5.64	4.05	6.13	5.33	4.82	4.61	6.46	7.00
Property & Liability Insurance Claims	2.92	3.40	5.06	4.12	4.09	3.20	2.65	1.93	3.05	3.55	3.55
Other Operating Expenses	8.82	11	8.32	8.03	12	8.09	9.53	11	12	10	13
Income Tax Expense	-1.08	3.22	1.43	2.97	1.32	-5.48	9.10	4.82	3.39	3.46	7.82
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	0.00	0.00	-	-	-0.05	-0.04
Basic Earnings per Share	$0.04	$0.01	$0.40	$0.89	$0.37	$0.62	$0.60	$0.28	$0.22	$0.21	$0.51
Weighted Average Basic Shares Outstanding	44.15M	-	44.36M	44.48M	44.77M	44.97M	45.04M	45.19M	45.57M	45.61M	45.73M
Diluted Earnings per Share	$0.04	$0.01	$0.39	$0.88	$0.36	$0.60	$0.59	$0.28	$0.22	$0.21	$0.51
Weighted Average Diluted Shares Outstanding	44.15M	-	44.36M	44.48M	44.77M	44.97M	45.04M	45.19M	45.57M	45.61M	45.73M
Weighted Average Basic & Diluted Shares Outstanding	44.15M	-	44.36M	44.48M	44.77M	44.97M	45.04M	45.19M	45.57M	45.61M	45.73M

This table details how cash moves in and out of Live Oak Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-7.34	73	135	57	24	-98	97	-115	213	166	26
Net Cash From Operating Activities	-262	-335	-222	-288	6.29	-483	-261	-120	124	620	536
Net Cash From Continuing Operating Activities	-262	-335	-222	-288	6.29	-483	-261	-120	124	620	536
Net Income / (Loss) Continuing Operations	10	21	14	100	51	18	60	167	176	74	77
Consolidated Net Income / (Loss)	10	21	14	100	51	18	60	167	176	74	77
Provision For Loan Losses	2.79	3.81	13	9.54	5.56	15	41	15	41	51	96
Depreciation Expense	2.16	3.44	4.26	10	16	20	22	21	21	21	23
Amortization Expense	-0.61	3.21	3.10	0.46	0.80	0.51	3.36	6.46	3.42	0.01	-0.72
Non-Cash Adjustments to Reconcile Net Income	-266	-358	-240	-382	-57	-567	-325	-332	-102	456	335
Changes in Operating Assets and Liabilities, net	-9.45	-7.28	-15	-26	-11	31	-61	2.10	-15	17	5.73
Net Cash From Investing Activities	18	60	-320	-535	-845	-685	-2,619	-150	-1,442	-1,775	-2,079
Net Cash From Continuing Investing Activities	18	60	-320	-535	-845	-685	-2,619	-150	-1,442	-1,775	-2,079
Purchase of Property, Leasehold Improvements and Equipment	-14	-30	-11	-124	-111	-37	-21	-3.08	-44	-47	-49
Purchase of Investment Securities	26	60	-333	-436	-794	-770	-2,811	-419	-1,711	-1,872	-2,237
Sale of Property, Leasehold Improvements and Equipment	2.20	-	0.00	0.00	0.87	0.00	0.00	0.08	0.00	0.10	1.04
Sale and/or Maturity of Investments	5.02	20	24	25	60	123	213	273	313	144	207
Net Cash From Financing Activities	236	348	677	880	863	1,069	2,977	155	1,531	1,321	1,569
Net Cash From Continuing Financing Activities	236	348	677	880	863	1,069	2,977	155	1,531	1,321	1,569
Net Change in Deposits	165	283	680	775	892	1,075	1,486	1,399	1,773	1,390	1,485
Issuance of Debt	41	13	0.00	40	0.02	0.00	1,828	603	62	2,906	100
Repayment of Debt	-2.39	-33	-0.53	-41	-25	-1.44	-286	-1,827	-297	-2,966	-10
Payment of Dividends	-44	-2.73	-2.74	-3.78	-4.81	-4.83	-4.91	-5.19	-5.27	-5.33	-5.41
Other Financing Activities, Net	0.18	0.24	0.40	-3.42	1.21	0.54	-46	-15	-1.79	-4.16	-0.64
Cash Interest Paid	5.77	8.84	15	25	54	87	92	67	118	343	437
Cash Income Taxes Paid	3.82	12	8.24	7.08	1.75	-12	11	20	25	5.30	39

This table details how cash moves in and out of Live Oak Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	13	47	345	-	48	15	18	51	-58	135	-82
Net Cash From Operating Activities	26	158	136	-	170	91	84	191	171	105	208
Net Cash From Continuing Operating Activities	26	158	136	-	170	91	84	191	171	105	208
Net Income / (Loss) Continuing Operations	1.79	0.40	18	-	16	28	27	13	9.84	9.67	23
Consolidated Net Income / (Loss)	1.79	0.40	18	-	16	28	27	13	9.84	9.67	23
Provision For Loan Losses	20	19	13	-	9.00	16	12	35	34	29	23
Depreciation Expense	5.15	5.19	5.25	-	5.33	4.98	5.34	6.31	6.65	6.97	6.78
Amortization Expense	0.40	0.17	-0.04	-	-0.06	-0.36	-0.14	-0.13	-0.09	-0.08	-0.15
Non-Cash Adjustments to Reconcile Net Income	33	124	84	-	138	43	48	129	116	63	144
Changes in Operating Assets and Liabilities, net	-34	9.66	16	-	1.42	-0.41	-7.79	8.71	4.46	-3.44	10
Net Cash From Investing Activities	-539	-593	-245	-	-388	-279	-386	-829	-586	-599	-485
Net Cash From Continuing Investing Activities	-539	-593	-245	-	-388	-279	-386	-829	-586	-599	-485
Purchase of Property, Leasehold Improvements and Equipment	-8.12	-10	-6.56	-	-22	-22	-17	-6.41	-4.02	-2.29	-1.43
Purchase of Investment Securities	-565	-604	-266	-	-425	-302	-427	-880	-629	-629	-535
Sale of Property, Leasehold Improvements and Equipment	-	0.00	-	-	-	0.98	-	-	0.07	0.22	4.14
Sale and/or Maturity of Investments	34	21	28	-	58	44	58	58	47	32	47
Net Cash From Financing Activities	526	481	453	-	266	203	320	689	358	630	195
Net Cash From Continuing Financing Activities	526	481	453	-	266	203	320	689	358	630	195
Net Change in Deposits	480	537	457	-	271	108	324	694	360	635	199
Issuance of Debt	50	2,156	750	-	0.02	99	0.05	0.20	0.04	0.04	0.04
Repayment of Debt	-2.44	-2,208	-752	-	-2.51	-2.53	-2.55	-2.57	-2.60	-2.62	-2.63
Payment of Dividends	-1.32	-1.33	-1.33	-	-1.34	-1.35	-1.35	-1.35	-1.36	-1.37	-1.37
Other Financing Activities, Net	-0.05	-2.36	0.05	-	-1.53	-1.23	-0.06	-1.07	1.71	-1.76	0.50
Cash Interest Paid	51	69	85	-	98	103	107	112	115	112	116
Cash Income Taxes Paid	7.58	0.18	5.05	-	3.61	1.93	21	3.59	12	0.17	7.05

This table presents Live Oak Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	673	1,053	1,755	2,758	3,670	4,813	7,872	8,213	9,855	11,271	12,943
Cash and Due from Banks	30	103	238	295	317	125	297	187	280	583	609
Time Deposits Placed and Other Short-Term Investments	10	10	7.25	3.00	7.25	7.25	6.50	4.75	4.00	0.25	0.25
Trading Account Securities	344	534	465	774	1,068	1,506	1,926	2,023	1,569	1,513	1,594
Loans and Leases, Net of Allowance	200	273	889	1,320	1,811	2,599	5,093	5,458	7,248	8,508	10,066
Loans and Leases	204	280	908	1,344	1,843	2,627	5,145	5,521	7,344	8,634	10,233
Allowance for Loan and Lease Losses	4.41	7.42	18	24	32	28	52	64	97	126	168
Premises and Equipment, Net	35	63	65	179	263	279	259	240	263	258	264
Other Assets	54	70	91	188	205	200	270	284	355	410	410
Total Liabilities & Shareholders' Equity	673	1,053	1,755	2,758	3,670	4,813	7,872	8,213	9,855	11,271	12,943
Total Liabilities	582	853	1,532	2,322	3,177	4,280	7,304	7,498	9,044	10,369	11,940
Non-Interest Bearing Deposits	14	22	28	58	54	52	75	89	194	259	319
Interest Bearing Deposits	508	783	1,457	2,202	3,096	4,175	5,638	7,023	8,691	10,016	11,442
Long-Term Debt	42	28	28	27	1.46	0.01	1,542	318	-	23	113
Other Long-Term Liabilities	11	20	19	35	26	53	50	68	76	70	67
Total Equity & Noncontrolling Interests	92	199	223	437	494	532	568	715	811	903	1,003
Total Preferred & Common Equity	92	199	223	437	494	532	568	715	811	903	999
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	92	199	223	437	494	532	568	715	811	903	999
Common Stock	99	188	200	318	328	340	311	312	331	345	366
Retained Earnings	-6.94	12	24	120	167	180	236	401	572	643	716
Accumulated Other Comprehensive Income / (Loss)	0.09	-0.19	-0.65	-1.03	-1.68	12	22	1.95	-92	-85	-82
Noncontrolling Interest	0.00	0.03	-	-	-	-	-	-	-	0.00	4.47

This table presents Live Oak Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	9,121	9,315	10,364	10,819	10,950	11,506	11,869	12,607	13,596	13,831
Cash and Due from Banks	580	335	463	808	535	597	615	667	744	663
Time Deposits Placed and Other Short-Term Investments	4.25	4.25	4.00	4.00	3.75	0.25	0.25	0.25	0.25	0.25
Trading Account Securities	2,128	1,543	1,683	1,657	1,672	1,431	1,515	1,593	1,681	1,676
Loans and Leases, Net of Allowance	5,794	6,775	7,579	7,716	8,081	8,774	9,034	9,663	10,504	10,832
Loans and Leases	5,860	6,853	7,687	7,836	8,203	8,913	9,172	9,832	10,694	11,014
Allowance for Loan and Lease Losses	66	78	108	120	121	139	138	169	190	182
Premises and Equipment, Net	258	260	268	269	258	258	268	267	259	246
Other Assets	304	329	367	364	400	445	436	417	408	414
Total Liabilities & Shareholders' Equity	9,121	9,315	10,364	10,819	10,950	11,506	11,869	12,607	13,596	13,831
Total Liabilities	8,329	8,512	9,541	9,987	10,100	10,578	10,908	11,600	12,564	12,764
Non-Interest Bearing Deposits	119	170	176	230	240	227	264	259	386	393
Interest Bearing Deposits	8,036	8,235	9,246	9,649	9,764	10,157	10,443	11,142	12,010	12,201
Long-Term Debt	86	-	-	-	-	120	118	-	110	108
Other Long-Term Liabilities	87	72	89	79	71	74	83	84	58	61
Total Equity & Noncontrolling Interests	792	802	823	832	850	928	961	1,008	1,031	1,067
Total Preferred & Common Equity	792	802	823	832	850	928	961	1,008	1,027	1,063
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	792	802	823	832	850	928	961	1,008	1,027	1,063
Common Stock	321	326	335	341	341	350	356	362	371	378
Retained Earnings	530	572	573	589	628	669	695	707	724	746
Accumulated Other Comprehensive Income / (Loss)	-59	-95	-84	-98	-118	-91	-91	-61	-68	-62
Noncontrolling Interest	-	-	-	-	-	-	-	-	4.42	4.38

This table displays calculated financial ratios and metrics derived from Live Oak Bancshares' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	23.74%	-19.18%	9.33%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.71%	-55.61%	7.38%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.22%	-60.62%	7.73%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.52%	-116.12%	4.76%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.52%	-58.06%	4.76%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.66%	-58.16%	3.05%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	203.98%	796.22%	-13.48%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	93.53%	-174.72%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.18%	20.55%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.71%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.59%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4.55%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-7.55%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-7.55%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-7.65%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	97.71%	-53.26%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.05%	10.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	25.39%	37.34%	18.04%	43.43%	30.95%	21.58%	25.80%	52.22%	41.47%	45.56%	22.37%
EBIT Margin	23.32%	31.29%	12.63%	39.15%	22.54%	11.53%	16.88%	46.13%	74.39%	36.25%	17.86%
Profit (Net Income) Margin	13.44%	18.74%	10.11%	40.05%	25.18%	8.86%	21.21%	36.54%	31.16%	16.17%	15.49%
Tax Burden Percent	57.63%	59.89%	159.98%	102.28%	111.73%	76.85%	125.65%	79.22%	167.56%	89.22%	86.76%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	200.00%	100.00%	100.00%
Effective Tax Rate	42.37%	40.11%	40.02%	-2.28%	-11.73%	23.15%	-25.65%	20.78%	16.22%	10.78%	13.24%
Return on Invested Capital (ROIC)	7.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.51%	7.58%
ROIC Less NNEP Spread (ROIC-NNEP)	7.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.51%	7.58%
Return on Net Nonoperating Assets (RNNOA)	3.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.54%
Return on Equity (ROE)	10.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.62%	8.12%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-156.55%	-4.73%	-11.05%
Operating Return on Assets (OROA)	2.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.78%	0.74%
Return on Assets (ROA)	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.01%	0.64%
Return on Common Equity (ROCE)	10.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.62%	8.10%
Return on Equity Simple (ROE_SIMPLE)	10.94%	10.33%	0.00%	23.00%	10.42%	0.00%	10.49%	23.35%	21.73%	8.19%	7.75%
Net Operating Profit after Tax (NOPAT)	10	21	14	100	51	18	60	167	176	74	77
NOPAT Margin	13.44%	18.74%	10.11%	40.05%	25.18%	8.86%	21.21%	36.54%	31.16%	16.17%	15.49%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	58.79%	55.69%	129.02%	44.34%	61.37%	67.39%	60.60%	39.76%	86.48%	110.22%	52.47%
Operating Expenses to Revenue	72.94%	65.24%	78.16%	57.05%	74.74%	81.00%	68.64%	50.55%	55.57%	141.29%	62.89%
Earnings before Interest and Taxes (EBIT)	17	34	17	98	46	23	47	211	210	83	89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	41	25	109	63	44	72	239	235	104	112
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.62	2.23	1.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.62	4.47	1.79
Price to Revenue (P/Rev)	0.00	4.25	4.50	3.68	2.84	3.70	6.79	8.21	2.33	4.41	3.57
Price to Earnings (P/E)	0.00	22.64	44.45	9.19	11.27	41.72	32.01	22.46	7.48	27.28	23.05
Dividend Yield	0.00%	0.15%	0.89%	0.52%	0.83%	0.64%	0.26%	0.14%	0.80%	0.26%	0.30%
Earnings Yield	0.00%	4.42%	2.25%	10.89%	8.87%	2.40%	3.12%	4.45%	26.73%	3.67%	4.34%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.11	1.57	1.16
Enterprise Value to Revenue (EV/Rev)	0.00	4.25	4.50	3.68	2.84	3.70	6.79	8.21	1.59	3.19	2.59
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.38	24.92	8.47	9.17	17.12	26.31	15.72	3.83	13.99	11.57
Enterprise Value to EBIT (EV/EBIT)	0.00	13.57	35.58	9.40	12.60	32.06	40.22	17.79	4.27	17.59	14.50
Enterprise Value to NOPAT (EV/NOPAT)	0.00	22.66	44.48	9.19	11.27	41.72	32.01	22.46	5.09	19.71	16.71
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	92.15	0.00	0.00	0.00	17.80	2.35	2.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.11
Long-Term Debt to Equity	0.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.11
Financial Leverage	0.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.07
Leverage Ratio	7.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.33	12.70
Compound Leverage Factor	7.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.82	12.70
Debt to Total Capital	34.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.52%	10.11%
Short-Term Debt to Total Capital	4.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	29.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.52%	10.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.40%
Common Equity to Total Capital	65.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	197.48%	89.49%
Debt to EBITDA	2.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.22	1.01
Net Debt to EBITDA	0.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-5.37	-4.44
Long-Term Debt to EBITDA	2.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.22	1.01
Debt to NOPAT	4.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.32	1.46
Net Debt to NOPAT	0.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-7.57	-6.41
Long-Term Debt to NOPAT	4.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.32	1.46
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-635	-41	-113
Operating Cash Flow to CapEx	-2,153.04%	-1,099.05%	-4,076.59%	-231.62%	5.70%	-1,297.20%	-1,243.73%	-3,993.23%	569.06%	1,326.67%	1,111.53%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-5.43	-2.54	-0.26
Operating Cash Flow to Interest Expense	-44.69	-37.77	-30.36	-11.30	0.12	-5.49	-2.79	-1.86	2.13	3.62	1.23
Operating Cash Flow Less CapEx to Interest Expense	-46.76	-41.20	-31.85	-16.18	-1.91	-5.91	-3.01	-1.90	0.69	3.34	1.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.04
Fixed Asset Turnover	2.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.25	1.75	1.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	140	0.00	0.00	0.00	0.00	0.00	0.00	0.00	811	926	1,116
Invested Capital Turnover	0.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.53	0.49
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	811	115	190
Enterprise Value (EV)	0.00	467	612	923	580	752	1,906	3,751	897	1,457	1,294
Market Capitalization	0.00	467	612	923	580	752	1,906	3,751	1,318	2,016	1,786
Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.44	$20.29	$22.11
Tangible Book Value per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.44	$20.29	$22.11
Total Capital	140	0.00	0.00	0.00	0.00	0.00	0.00	0.00	811	926	1,116
Total Debt	48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23	113
Total Long-Term Debt	42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23	113
Net Debt	8.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-421	-559	-496
Capital Expenditures (CapEx)	12	30	11	124	110	37	21	3.00	44	47	48
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23	113
Total Depreciation and Amortization (D&A)	1.55	6.65	7.36	11	17	20	25	28	24	21	23
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.02	$1.67	$1.72
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	44.15M	44.77M	45.57M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$3.92	$1.64	$1.69
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	44.15M	44.77M	45.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	44.15M	44.77M	45.57M
Normalized Net Operating Profit after Tax (NOPAT)	10	21	16	72	34	18	33	170	190	87	78
Normalized NOPAT Margin	13.44%	18.74%	23.97%	28.62%	16.69%	9.08%	11.82%	37.10%	33.56%	19.03%	15.59%
Pre Tax Income Margin	23.32%	31.29%	25.27%	39.15%	22.54%	11.53%	16.88%	46.13%	74.39%	36.25%	17.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.98	3.88	1.18	3.86	0.84	0.27	0.51	3.27	3.60	0.48	0.20
NOPAT to Interest Expense	1.72	2.32	0.94	3.95	0.94	0.21	0.64	2.59	3.01	0.22	0.18
EBIT Less CapEx to Interest Expense	0.90	0.45	0.43	-1.02	-1.18	-0.16	0.28	3.23	2.85	0.21	0.09
NOPAT Less CapEx to Interest Expense	-0.36	-1.11	0.39	-0.93	-1.08	-0.22	0.41	2.55	2.26	0.16	0.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	436.40%	13.26%	39.77%	3.76%	9.35%	26.77%	8.24%	3.11%	5.98%	7.21%	6.98%
Augmented Payout Ratio	436.40%	13.26%	19.89%	3.76%	9.35%	26.77%	8.24%	3.11%	5.98%	14.41%	6.98%

This table displays calculated financial ratios and metrics derived from Live Oak Bancshares' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	-95.95%	-10.10%	14.01%	14.38%	15.69%	2.07%	7.01%	8.52%	14.56%
EBITDA Growth	0.00%	0.00%	-160.45%	-18.34%	262.92%	395.59%	141.15%	-87.68%	-13.05%	-25.10%	-8.29%
EBIT Growth	0.00%	0.00%	-168.98%	-3.68%	2,338.49%	1,535.62%	180.10%	-174.83%	-24.34%	-40.60%	-13.47%
NOPAT Growth	0.00%	0.00%	-163.84%	-14.35%	801.95%	13,662.31%	53.69%	-67.27%	-39.10%	-64.95%	-13.26%
Net Income Growth	0.00%	0.00%	-163.84%	-14.35%	801.95%	13,662.31%	161.06%	-134.54%	-39.10%	-64.95%	-13.26%
EPS Growth	0.00%	0.00%	-163.89%	-16.67%	800.00%	17,700.00%	102.56%	-204.55%	-38.89%	-65.00%	-13.56%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	550.86%	-85.28%	-77.09%	0.00%	0.26%	15.50%	148.19%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	87.79%	0.00%	146.17%	82.19%	-82.60%	91.76%	66.84%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	14.18%	0.00%	88.76%	37.02%	20.55%	8.94%	8.91%
Revenue Q/Q Growth	-25.87%	0.00%	13.51%	17.37%	-11.97%	-5.81%	15.96%	10.65%	-1.44%	-1.53%	13.98%
EBITDA Q/Q Growth	-87.48%	0.00%	338.89%	153.56%	-93.55%	34.92%	108.67%	-83.59%	-17.59%	1.18%	88.98%
EBIT Q/Q Growth	-98.38%	0.00%	850.26%	125.37%	-118.22%	52.88%	63.11%	-101.04%	-25.85%	-0.73%	137.60%
NOPAT Q/Q Growth	-95.82%	0.00%	8,616.08%	253.64%	-118.76%	212.02%	-4.52%	-155.08%	-24.43%	-1.78%	141.90%
Net Income Q/Q Growth	-95.82%	0.00%	4,308.04%	253.64%	-59.38%	141.35%	-4.52%	-103.39%	-24.43%	-1.78%	141.90%
EPS Q/Q Growth	-95.83%	0.00%	7,600.00%	125.64%	-118.18%	133.33%	-3.33%	-105.08%	-21.43%	-4.55%	142.86%
Operating Cash Flow Q/Q Growth	26.63%	0.00%	-27.74%	0.00%	0.00%	-139.83%	-7.72%	383.20%	-10.64%	-38.50%	98.30%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	1.07%	78.44%	-962.72%	235.51%	102.55%	-25.00%	53.41%	13.47%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	4.30%	15.05%	45.36%	8.83%	-13.17%	10.77%	2.27%	2.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	5.97%	17.67%	44.60%	67.18%	19.02%	46.01%	65.76%	55.45%	15.45%	15.88%	26.32%
EBIT Margin	0.68%	3.56%	34.99%	67.18%	29.22%	38.05%	86.21%	41.19%	10.33%	10.41%	21.71%
Profit (Net Income) Margin	1.71%	0.39%	32.35%	62.52%	27.01%	71.22%	64.46%	20.05%	7.69%	7.67%	16.27%
Tax Burden Percent	249.93%	22.03%	92.47%	186.12%	184.89%	374.35%	224.33%	219.02%	74.40%	73.62%	74.95%
Interest Burden Percent	100.00%	100.00%	200.00%	200.00%	100.00%	300.00%	200.00%	300.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-149.93%	177.97%	7.53%	13.88%	15.11%	-49.57%	75.67%	80.98%	25.60%	26.38%	25.05%
Return on Invested Capital (ROIC)	2.38%	0.00%	0.00%	0.00%	20.78%	42.74%	21.98%	10.60%	3.76%	3.57%	7.62%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	21.37%	21.98%	0.00%	3.76%	3.57%	7.62%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	4.24%	1.44%	0.00%	0.27%	0.42%	0.85%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	7.20%	46.97%	23.42%	0.00%	4.03%	3.99%	8.47%
Cash Return on Invested Capital (CROIC)	-156.55%	0.00%	-400.00%	-400.00%	-4.73%	-361.42%	-42.63%	-23.78%	-11.05%	-3.13%	-3.57%
Operating Return on Assets (OROA)	0.04%	0.00%	0.00%	0.00%	1.82%	0.82%	3.71%	1.72%	0.43%	0.42%	0.89%
Return on Assets (ROA)	0.11%	0.00%	0.00%	0.00%	1.68%	1.02%	2.78%	0.84%	0.32%	0.31%	0.67%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	71.11%	35.13%	0.00%	4.02%	3.98%	8.45%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	21.79%	23.00%	24.93%	0.00%	5.79%	5.26%
Net Operating Profit after Tax (NOPAT)	1.79	0.40	18	40	16	28	27	13	9.84	9.67	23
NOPAT Margin	1.71%	0.78%	32.35%	31.26%	27.01%	23.74%	21.49%	20.05%	7.69%	7.67%	16.27%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	61.35%	126.48%	58.16%	97.59%	104.33%	171.54%	104.37%	99.59%	51.19%	55.67%	50.26%
Operating Expenses to Revenue	80.58%	77.72%	140.99%	116.67%	155.75%	133.79%	185.66%	179.15%	63.45%	66.62%	62.12%
Earnings before Interest and Taxes (EBIT)	0.72	3.61	19	43	17	22	36	18	13	13	31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.27	8.98	24	43	23	27	41	24	20	20	38
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.62	0.00	2.79	1.50	2.23	2.00	1.64	4.23	1.79	1.18	1.28
Price to Tangible Book Value (P/TBV)	1.62	0.00	2.79	1.50	2.23	2.00	1.64	6.35	1.79	1.18	1.28
Price to Revenue (P/Rev)	2.33	0.00	0.00	0.00	4.41	3.93	3.22	4.34	3.57	2.38	2.57
Price to Earnings (P/E)	7.48	0.00	0.00	0.00	27.28	18.33	14.25	50.92	23.05	20.38	24.24
Dividend Yield	0.40%	0.50%	0.92%	0.83%	0.26%	0.87%	0.69%	0.76%	0.30%	0.45%	0.40%
Earnings Yield	13.37%	0.00%	0.00%	0.00%	7.34%	5.46%	14.04%	7.86%	4.34%	4.91%	4.13%
Enterprise Value to Invested Capital (EV/IC)	1.11	0.00	0.84	1.74	3.16	1.31	1.00	4.36	1.16	0.51	0.69
Enterprise Value to Revenue (EV/Rev)	1.59	0.00	0.00	0.00	3.19	2.92	6.61	8.95	2.59	1.15	1.53
Enterprise Value to EBITDA (EV/EBITDA)	3.83	0.00	0.00	0.00	27.78	11.28	18.18	38.30	11.57	5.57	7.95
Enterprise Value to EBIT (EV/EBIT)	4.27	0.00	0.00	0.00	34.91	13.57	18.18	47.01	14.50	7.29	10.72
Enterprise Value to NOPAT (EV/NOPAT)	5.09	0.00	0.00	0.00	19.71	13.60	9.74	52.49	16.71	9.83	14.45
Enterprise Value to Operating Cash Flow (EV/OCF)	7.21	0.00	0.00	0.00	4.66	2.49	0.00	5.47	2.41	1.06	1.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.03	0.39	0.37	0.00	0.11	0.11	0.10
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.03	0.39	0.12	0.00	0.11	0.11	0.10
Financial Leverage	0.00	0.00	0.00	0.00	0.01	0.20	0.13	0.00	0.07	0.12	0.11
Leverage Ratio	11.84	0.00	13.00	25.75	24.82	24.90	37.95	25.36	12.70	12.81	12.67
Compound Leverage Factor	11.84	0.00	25.99	25.75	24.82	24.90	25.30	38.03	12.70	12.81	12.67
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	2.52%	11.47%	21.83%	0.00%	10.11%	9.66%	9.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	2.52%	22.95%	32.74%	0.00%	10.11%	9.66%	9.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.40%	0.39%	0.37%
Common Equity to Total Capital	100.00%	0.00%	200.00%	200.00%	97.48%	177.05%	178.17%	300.00%	89.49%	89.96%	90.46%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.22	0.99	0.99	0.00	1.01	1.05	1.06
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-5.37	-11.75	-8.41	0.00	-4.44	-6.04	-5.46
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.22	2.96	1.99	0.00	1.01	1.05	1.06
Debt to NOPAT	0.00	0.00	0.00	0.00	0.32	2.38	3.20	0.00	1.46	1.85	1.93
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-7.57	-4.72	-9.01	0.00	-6.41	-10.66	-9.93
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.32	2.38	3.20	0.00	1.46	1.85	1.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.23%	0.23%	0.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-809	0.00	-815	-811	-99	-1,020	-219	-144	-180	-84	-73
Operating Cash Flow to CapEx	322.13%	3,045.77%	2,079.57%	0.00%	787.88%	878.28%	974.96%	8,944.00%	4,317.86%	5,066.46%	0.00%
Free Cash Flow to Firm to Interest Expense	-15.96	0.00	-9.54	-8.89	-10.16	-29.92	-4.10	-2.58	-1.57	-0.75	-0.63
Operating Cash Flow to Interest Expense	0.52	4.57	3.20	0.00	3.51	2.67	1.57	1.71	1.48	0.93	1.81
Operating Cash Flow Less CapEx to Interest Expense	0.36	4.27	3.04	0.00	1.53	0.69	1.24	4.95	1.45	0.91	1.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.00	0.00	0.00	0.12	0.21	0.09	0.04	0.04	0.04	0.04
Fixed Asset Turnover	2.25	0.00	0.00	0.00	1.75	1.79	1.82	5.61	1.91	1.97	2.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	811	0.00	832	850	926	1,048	1,079	1,008	1,116	1,142	1,175
Invested Capital Turnover	1.39	0.00	0.00	0.00	0.53	1.80	1.02	1.06	0.49	0.47	0.47
Increase / (Decrease) in Invested Capital	811	0.00	832	850	115	1,048	246	157	190	94	96
Enterprise Value (EV)	897	1,069	348	741	1,457	1,375	1,077	2,930	1,294	585	808
Market Capitalization	1,318	1,069	1,160	1,279	2,016	1,853	1,575	2,132	1,786	1,215	1,359
Book Value per Share	$18.44	$0.00	$18.79	$19.17	$20.29	$20.72	$21.37	$22.38	$22.11	$22.54	$23.30
Tangible Book Value per Share	$18.44	$0.00	$18.79	$19.17	$20.29	$20.72	$21.37	$22.38	$22.11	$22.54	$23.30
Total Capital	811	0.00	832	850	926	1,048	1,079	1,008	1,116	1,142	1,175
Total Debt	0.00	0.00	0.00	0.00	23	120	118	0.00	113	110	108
Total Long-Term Debt	0.00	0.00	0.00	0.00	23	120	118	0.00	113	110	108
Net Debt	-421	0.00	-812	-539	-559	-477	-498	-667	-496	-634	-555
Capital Expenditures (CapEx)	8.12	10	6.56	0.00	22	21	17	6.41	3.95	2.07	-2.71
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	0.00	23	120	118	0.00	113	110	108
Total Depreciation and Amortization (D&A)	5.55	5.36	5.22	0.00	5.28	4.63	5.20	6.17	6.56	6.89	6.64
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.00	$0.40	$0.89	$0.37	$0.62	$0.60	$0.28	$0.22	$0.21	$0.51
Adjusted Weighted Average Basic Shares Outstanding	44.15M	0.00	44.36M	44.48M	44.77M	44.97M	45.04M	45.19M	45.57M	45.61M	45.73M
Adjusted Diluted Earnings per Share	$0.04	$0.00	$0.39	$0.88	$0.36	$0.60	$0.59	$0.28	$0.22	$0.21	$0.51
Adjusted Weighted Average Diluted Shares Outstanding	44.15M	0.00	44.36M	44.48M	44.77M	44.97M	45.04M	45.19M	45.57M	45.61M	45.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.15M	0.00	44.36M	44.48M	44.77M	44.97M	45.04M	45.19M	45.57M	45.61M	45.73M
Normalized Net Operating Profit after Tax (NOPAT)	6.41	2.53	18	40	16	15	27	13	9.84	9.67	23
Normalized NOPAT Margin	6.11%	4.98%	32.35%	62.52%	27.01%	26.63%	42.98%	20.05%	7.69%	7.67%	16.27%
Pre Tax Income Margin	0.68%	7.11%	34.99%	67.18%	14.61%	57.07%	57.47%	27.46%	10.33%	10.41%	21.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.01	0.05	0.22	0.47	0.18	0.65	0.67	0.32	0.11	0.12	0.27
NOPAT to Interest Expense	0.04	0.01	0.21	0.87	0.33	0.54	0.50	0.35	0.09	0.09	0.20
EBIT Less CapEx to Interest Expense	-0.15	-0.10	0.29	0.94	-0.09	0.03	0.53	0.20	0.08	0.10	0.29
NOPAT Less CapEx to Interest Expense	-0.12	-0.29	0.26	0.87	-0.06	0.13	0.18	0.18	0.05	0.07	0.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.99%	0.00%	0.00%	0.00%	7.21%	15.86%	0.00%	19.29%	6.98%	9.12%	9.74%
Augmented Payout Ratio	2.99%	0.00%	0.00%	0.00%	14.41%	15.86%	0.00%	19.29%	6.98%	9.12%	9.74%

Key Financial Trends

Live Oak Bancshares (NYSE: LOB) has demonstrated steady financial growth and resilience over the past several years, as reflected in its key financial statements from Q2 2022 through Q2 2025.

Income Statement Trends:

Net interest income has consistently increased, rising from approximately $79.9 million in Q2 2022 to $109.2 million in Q2 2025, reflecting growth in loans and leases interest income.
Non-interest income remains significant and boosted by realized and unrealized capital gains, contributing $34.5 million in Q2 2025, up from $12.9 million in Q2 2022 (excluding the unusually high non-interest income from Q2 2022 driven by a one-time large capital gain).
Net income attributable to common shareholders rose strongly from $17.5 million in Q2 2023 to $23.4 million in Q2 2025.
Provision for credit losses has fluctuated, peaking at $34.5 million in Q3 2024 but decreased to $23.3 million in Q2 2025, indicating some variability in expected loan losses.
Non-interest expenses steadily increased, with salaries and employee benefits rising from approximately $43 million in early 2022 to $49 million in Q2 2025, reflective of company growth and inflationary pressures.

Balance Sheet Trends:

Total assets have grown robustly from approximately $9.13 billion in Q2 2022 to $13.83 billion in Q2 2025, driven primarily by growth in loans and leases (net of allowances) expanding to over $10.8 billion by Q2 2025.
Deposits have increased significantly, with total deposits reaching approximately $12.61 billion in Q2 2025 compared to about $7.4 billion in Q2 2022, indicating strong customer trust and liquidity.
Allowance for loan and lease losses increased in absolute terms to $182 million as of Q2 2025, reflecting portfolio growth and prudent risk management.
Common equity grew consistently, reaching about $1.06 billion in Q2 2025 from $792 million in Q2 2022, supporting company stability and growth.

Cash Flow Statement Highlights:

Net cash from operating activities surged to $208 million in Q2 2025, up from $84 million in Q2 2024, driven by improved operating results and strong loan performance.
Net cash used in investing activities remains significant, around $485 million in Q2 2025, mostly due to the purchase of investment securities, though partially offset by sales and maturities.
Net cash from financing activities stands at $195 million in Q2 2025, supported by robust deposit growth and manageable debt issuance and repayments.

Additional Observations:

Earnings per share (basic and diluted) increased from 21 cents in Q1 2025 to 51 cents in Q2 2025, reflecting solid earnings improvements.
Dividend payments per share remain consistent at 3 cents across quarters and years, signaling steady shareholder returns.
The company maintained relatively stable interest expenses on deposits and debt, helping preserve net interest margins despite rate fluctuations.

Summary: Live Oak Bancshares has shown healthy earnings growth, increasing asset base, and a strengthening deposit franchise over the last several years through Q2 2025. While investing activities consume significant cash due to securities purchases, the strong cash flow from operations and financing activities support balance sheet expansion and shareholder returns. Provision for credit losses remains a key area to watch, though current levels appear well-managed relative to loan growth. Overall, Live Oak Bancshares exhibits positive momentum in its core banking operations and financial condition.

08/13/25 08:35 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Live Oak Bancshares' Financials

When does Live Oak Bancshares' financial year end?

According to the most recent income statement we have on file, Live Oak Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Live Oak Bancshares' net income changed over the last 10 years?

Live Oak Bancshares' net income appears to be on an upward trend, with a most recent value of $77.42 million in 2024, rising from $10.05 million in 2014. The previous period was $73.90 million in 2023. Check out Live Oak Bancshares' forecast to explore projected trends and price targets.

How has Live Oak Bancshares' revenue changed over the last 10 years?

Over the last 10 years, Live Oak Bancshares' total revenue changed from $74.76 million in 2014 to $499.69 million in 2024, a change of 568.4%.

How much debt does Live Oak Bancshares have?

Live Oak Bancshares' total liabilities were at $11.94 billion at the end of 2024, a 15.2% increase from 2023, and a 1,953.3% increase since 2014.

How much cash does Live Oak Bancshares have?

In the past 10 years, Live Oak Bancshares' cash and equivalents has ranged from $29.90 million in 2014 to $608.80 million in 2024, and is currently $608.80 million as of their latest financial filing in 2024.

How has Live Oak Bancshares' book value per share changed over the last 10 years?

Over the last 10 years, Live Oak Bancshares' book value per share changed from 0.00 in 2014 to 22.11 in 2024, a change of 2,210.8%.

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This page (NASDAQ:LOB) was last updated on 8/13/2025 by MarketBeat.com Staff

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Live Oak Bancshares (LOB) Financials

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Live Oak Bancshares (LOB) Financials

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