Free Trial
→ Buy alert: Move $1,000 before Tesla’s Optimus launch (From Altimetry) (Ad)tc pixel Free LOB Stock Alerts

Live Oak Bancshares (LOB) Financials

Live Oak Bancshares logo
$34.59 -0.18 (-0.52%)
As of 03:58 PM Eastern
Compare
Annual Income Statements for Live Oak Bancshares

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

Quarterly Income Statements for Live Oak Bancshares

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

Annual Cash Flow Statements for Live Oak Bancshares

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

Quarterly Cash Flow Statements for Live Oak Bancshares

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

Annual Balance Sheets for Live Oak Bancshares

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

Quarterly Balance Sheets for Live Oak Bancshares

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

Annual Metrics And Ratios for Live Oak Bancshares

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%

Quarterly Metrics And Ratios for Live Oak Bancshares

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%

Financials Breakdown Chart

Key Financial Trends

Live Oak Bancshares (LOB) has demonstrated consistent growth in its financial performance over the past four years, with key improvements in net income and earnings per share.

  • Net Income Growth: LOB’s consolidated net income increased significantly from $1.79 million in Q4 2022 to $23.39 million by Q2 2025, reflecting strong profitability improvement.
  • Earnings per Share (EPS) Expansion: Basic and diluted EPS rose from $0.04 in Q1 2023 to $0.51 in Q2 2025, showing enhanced shareholder value and operational efficiency.
  • Consistent Revenue Increase: Total revenue grew from approximately $105 million (Q4 2022) to $144 million (Q2 2025), with improvements in both interest and non-interest income streams.
  • Loan Portfolio Growth: Net loans and leases increased substantially from about $5.79 billion (Q2 2022) to $10.83 billion (Q2 2025), indicating robust loan origination and asset growth.
  • Strong Deposit Growth: Interest bearing deposits grew from approximately $8 billion in mid-2022 to $12.2 billion by mid-2025, supporting asset growth and liquidity.
  • Operating Cash Flow Expansion: Net cash from continuing operating activities jumped to $208 million in Q2 2025 from $83.9 million in Q2 2024 and was considerably higher than $26.15 million in Q4 2022, demonstrating strong internal cash generation.
  • Stable Dividend Policy: The company maintained a $0.03 per share dividend consistently over the recent years, indicating commitment to shareholder returns but modest payout ratio.
  • Increasing Allowance for Loan Losses: The allowance for loan and lease losses rose from $66 million (Q2 2022) to $182 million (Q2 2025), reflecting growth in loan portfolio and prudent credit loss provisioning.
  • Rising Provision for Credit Losses: Increased to $23.25 million in Q2 2025 from under $7 million in Q2 2022, potentially signaling higher credit risk or conservative reserve build-up.
  • Elevated Interest Expense: Interest expense on deposits and debt rose to $115 million in Q2 2025 from about $19 million in Q2 2022, compressing net interest margin if not fully offset by higher interest income.

Summary: Live Oak Bancshares has shown impressive top-line and bottom-line growth driven by expanding loan portfolios and deposit bases, leading to doubling and tripling of net income and EPS over four years. Operating cash flows are strong, underscoring sustainable earnings quality. However, the rising provisions for credit losses and higher interest expenses suggest the company is managing increased credit risk and cost pressures. Still, the overall trend is positive for shareholders with growing profitability and stable dividends.

10/22/25 08:30 PM ETAI 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. See Live Oak Bancshares' forecast for analyst expectations on what’s next for the company.

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%.


Related Companies

This page (NYSE:LOB) was last updated on 10/22/2025 by MarketBeat.com Staff
From Our Partners
NEW LAW: Congress Approves Setup For Digital Dollar?
Trump Ally Says Congress Approved the Setup for a Digital Dollar 2.0 But according to Rep. Marjorie Taylor ...
Goldco Precious Metals | Sponsoredtc pixel
What Wall Street Won’t Say Out Loud
Discover the 7 key indicators before everyone else does
American Alternative | Sponsoredtc pixel
If You Keep Cash In A U.S. Bank Account… Read This NOW
The Treasury Department just issued a stunning warning: U.S. banks could lose up to $6.6 trillion of custom...
Banyan Hill Publishing | Sponsoredtc pixel
$100 Trillion “AI Metal” Found in American Ghost Town
Jeff Brown recently traveled to a ghost town in the middle of an American desert… To investigate what could...
Brownstone Research | Sponsoredtc pixel
Capital Gains Tax Strategies for Seniors
Capital gains taxes can take a bite out of your retirement income—unless you have a smart strategy. From holdi...
SmartAsset | Sponsoredtc pixel
Trump cannot stop this train
The Nobel Committee just confirmed what free-market thinkers have long argued — that true wealth isn’t built t...
Porter & Company | Sponsoredtc pixel
Elon Musk is on the line
Elon Musk says November 6 could "affect the future of the world" Get ready for the biggest pivot in corpora...
Altimetry | Sponsoredtc pixel
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank ac...
Weiss Ratings | Sponsoredtc pixel