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Live Oak Bancshares (LOB) Financials

Live Oak Bancshares logo
$37.64 +0.23 (+0.60%)
Closing price 03:59 PM Eastern
Extended Trading
$37.64 0.00 (0.00%)
As of 04:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 21 14 100 51 18 60 167 176 74 77 103
Consolidated Net Income / (Loss)		 21 14 100 51 18 60 167 176 74 77 106
Net Income / (Loss) Continuing Operations		 21 14 100 51 18 60 167 176 74 77 106
Total Pre-Tax Income 		34 17 98 46 23 47 211 210 83 89 143
Total Revenue		 110 136 251 204 204 281 457 565 449 489 578
Net Interest Income / (Expense)		 26 43 78 108 140 195 297 328 345 376 448
Total Interest Income		 34 57 103 163 228 288 361 444 688 812 908
Loans and Leases Interest Income		 33 55 100 147 208 271 348 419 624 745 831
Investment Securities Interest Income		 0.81 1.13 1.43 8.73 15 15 13 20 33 38 48
Other Interest Income		 0.30 1.03 2.41 6.60 4.80 2.62 0.94 6.26 31 29 30
Total Interest Expense		 8.86 15 25 55 88 94 64 117 343 436 460
Deposits Interest Expense		 7.38 14 24 54 88 90 60 115 340 431 453
Long-Term Debt Interest Expense		 1.48 0.96 1.22 0.13 0.00 3.96 4.69 1.94 2.76 5.58 6.70
Total Non-Interest Income		 84 94 173 96 64 86 160 238 104 113 129
Other Service Charges		 19 27 38 40 38 47 47 53 61 73 49
Net Realized & Unrealized Capital Gains on Investments		 65 67 133 49 16 29 103 175 33 30 71
Other Non-Interest Income		 - 0.00 1.86 7.97 9.66 11 10 10 10 9.76 10
Provision for Credit Losses		 3.81 13 9.54 5.56 15 41 15 41 51 96 96
Total Non-Interest Expense		 72 106 143 153 165 193 231 314 315 303 339
Salaries and Employee Benefits		 40 63 75 77 91 113 125 171 169 175 189
Net Occupancy & Equipment Expense		 9.18 12 22 33 34 51 46 55 55 58 67
Marketing Expense		 12 13 14 15 13 6.96 11 19 20 18 19
Property & Liability Insurance Claims		 0.51 1.42 3.21 3.23 3.45 7.47 7.07 9.76 17 11 15
Other Operating Expenses		 9.99 14 24 21 24 15 39 44 40 41 47
Impairment Charge		 0.00 3.20 4.34 2.68 0.60 0.00 3.19 16 15 0.53 0.74
Income Tax Expense		 14 3.44 -2.25 -5.40 5.43 -12 44 34 8.93 12 37
Preferred Stock Dividends Declared		 - - - - - - - - 0.00 0.00 3.05
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.02 -0.01 - - - - - 0.00 0.00 -0.06 -0.23
Basic Earnings per Share		 $0.66 $0.40 $2.75 $1.28 $0.45 $1.46 $3.87 $4.02 $1.67 $1.72 $2.25
Weighted Average Basic Shares Outstanding		 - - - - - - - 44.15M 44.77M 45.57M 46.22M
Diluted Earnings per Share		 $0.65 $0.39 $2.65 $1.24 $0.44 $1.43 $3.71 $3.92 $1.64 $1.69 $2.23
Weighted Average Diluted Shares Outstanding		 - - - - - - - 44.15M 44.77M 45.57M 46.22M
Weighted Average Basic & Diluted Shares Outstanding		 - - - - - - - 44.15M 44.77M 45.57M 46.22M
Cash Dividends to Common per Share		 - $0.07 $0.10 $0.12 $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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 40 16 28 27 13 9.90 9.72 23 26 44 28
Consolidated Net Income / (Loss)		 40 16 28 27 13 9.84 9.67 23 26 46 30
Net Income / (Loss) Continuing Operations		 40 16 28 27 13 9.84 9.67 23 26 46 30
Total Pre-Tax Income 		43 17 22 36 18 13 13 31 37 62 40
Total Revenue		 127 120 116 125 130 128 123 144 146 162 145
Net Interest Income / (Expense)		 89 90 90 91 97 97 101 109 115 123 119
Total Interest Income		 181 187 192 198 209 213 213 224 231 240 234
Loans and Leases Interest Income		 163 170 176 182 192 195 196 205 212 219 214
Investment Securities Interest Income		 8.70 8.75 8.95 9.22 9.75 10 11 12 12 13 13
Other Interest Income		 9.19 8.26 7.46 7.39 7.02 7.26 6.40 8.12 7.65 8.12 6.73
Total Interest Expense		 91 97 102 107 112 115 113 115 116 117 114
Deposits Interest Expense		 91 97 102 105 110 113 111 113 114 115 113
Long-Term Debt Interest Expense		 0.29 0.27 0.31 1.77 1.76 1.74 1.69 1.68 1.68 1.66 1.62
Total Non-Interest Income		 38 30 26 34 33 31 22 35 31 39 26
Other Service Charges		 14 19 21 22 16 15 12 13 14 9.19 14
Net Realized & Unrealized Capital Gains on Investments		 22 8.41 2.99 10 14 13 7.46 18 15 27 9.96
Other Non-Interest Income		 2.50 2.44 2.45 2.42 2.42 2.46 2.57 3.10 2.18 2.20 2.14
Provision for Credit Losses		 10 9.00 16 12 35 34 29 23 22 22 20
Total Non-Interest Expense		 74 93 78 78 78 81 81 89 87 78 85
Salaries and Employee Benefits		 43 44 47 46 45 45 46 49 53 39 49
Net Occupancy & Equipment Expense		 14 14 13 14 15 16 16 16 16 19 16
Marketing Expense		 5.64 4.05 6.13 5.33 4.82 4.61 5.73 7.00 4.32 1.48 4.51
Property & Liability Insurance Claims		 4.12 4.09 3.20 2.65 1.93 3.05 3.55 3.55 3.64 3.93 4.40
Other Operating Expenses		 8.03 12 8.09 9.53 11 12 10 13 11 13 11
Income Tax Expense		 2.97 1.32 -5.48 9.10 4.82 3.39 3.46 7.82 10 16 10
Preferred Stock Dividends Declared		 - - - - 0.00 - 0.00 - 0.95 - 2.09
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 0.00 0.00 0.00 - -0.05 -0.04 -0.05 -0.09 -0.09
Basic Earnings per Share		 $0.89 $0.37 $0.62 $0.60 $0.28 $0.22 $0.21 $0.51 $0.56 $0.97 $0.61
Weighted Average Basic Shares Outstanding		 44.48M 44.77M 44.97M 45.04M 45.19M 45.57M 45.61M 45.73M 45.86M 46.22M 46.26M
Diluted Earnings per Share		 $0.88 $0.36 $0.60 $0.59 $0.28 $0.22 $0.21 $0.51 $0.55 $0.96 $0.60
Weighted Average Diluted Shares Outstanding		 44.48M 44.77M 44.97M 45.04M 45.19M 45.57M 45.61M 45.73M 45.86M 46.22M 46.26M
Weighted Average Basic & Diluted Shares Outstanding		 44.48M 44.77M 44.97M 45.04M 45.19M 45.57M 45.61M 45.73M 45.86M 46.22M 46.26M
Cash Dividends to Common per Share		 $0.03 - $0.03 - $0.03 - $0.03 - $0.03 - $0.03

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 73 135 57 24 -98 97 -115 213 166 26 256
Net Cash From Operating Activities		 -335 -222 -288 6.29 -483 -261 -120 -301 185 157 158
Net Cash From Continuing Operating Activities		 -335 -222 -288 6.29 -483 -261 -120 -301 185 157 158
Net Income / (Loss) Continuing Operations		 21 14 100 51 18 60 167 176 74 77 106
Consolidated Net Income / (Loss)		 21 14 100 51 18 60 167 176 74 77 106
Provision For Loan Losses		 3.81 13 9.54 5.56 15 41 15 41 51 96 96
Depreciation Expense		 3.44 4.26 10 16 20 22 21 21 21 23 30
Amortization Expense		 3.21 3.10 0.46 0.80 0.51 3.36 6.46 3.42 0.01 -0.72 -0.61
Non-Cash Adjustments to Reconcile Net Income		 -358 -240 -382 -57 -567 -325 -332 -527 21 -38 -117
Changes in Operating Assets and Liabilities, net		 -7.28 -15 -26 -11 31 -61 2.10 -15 17 -1.82 44
Net Cash From Investing Activities		 60 -320 -535 -845 -685 -2,619 -150 -1,017 -1,340 -1,699 -1,904
Net Cash From Continuing Investing Activities		 60 -320 -535 -845 -685 -2,619 -150 -1,017 -1,340 -1,699 -1,904
Purchase of Property, Leasehold Improvements and Equipment		 -30 -11 -124 -111 -37 -21 -3.08 -44 -47 -49 -15
Purchase of Investment Securities		 60 -333 -436 -794 -770 -2,811 -419 -1,286 -1,437 -1,858 -2,154
Sale of Property, Leasehold Improvements and Equipment		 - 0.00 0.00 0.87 0.00 0.00 0.08 0.00 0.10 1.04 4.36
Sale and/or Maturity of Investments		 20 24 25 60 123 213 273 313 144 207 260
Net Cash From Financing Activities		 348 677 880 863 1,069 2,977 155 1,531 1,321 1,569 2,002
Net Cash From Continuing Financing Activities		 348 677 880 863 1,069 2,977 155 1,531 1,321 1,569 2,002
Net Change in Deposits		 283 680 775 892 1,075 1,486 1,399 1,773 1,390 1,485 1,928
Issuance of Debt		 13 0.00 40 0.02 0.00 1,828 603 62 2,906 100 0.16
Issuance of Preferred Equity		 - - - - - - - - 0.00 0.00 96
Repayment of Debt		 -33 -0.53 -41 -25 -1.44 -286 -1,827 -297 -2,966 -10 -11
Payment of Dividends		 -2.73 -2.74 -3.78 -4.81 -4.83 -4.91 -5.19 -5.27 -5.33 -5.41 -8.54
Other Financing Activities, Net		 0.24 0.40 -3.42 1.21 0.54 -46 -15 -1.79 -4.16 -0.64 -3.43
Cash Interest Paid		 8.84 15 25 54 87 92 67 118 343 437 461
Cash Income Taxes Paid		 12 8.24 7.08 1.75 -12 11 20 25 5.30 39 27

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 - 48 15 18 51 -58 135 -82 230 -28 -49
Net Cash From Operating Activities		 - 170 91 84 191 171 -30 208 -235 80 87
Net Cash From Continuing Operating Activities		 - 170 91 84 191 171 -30 208 -235 80 87
Net Income / (Loss) Continuing Operations		 - 16 28 27 13 9.84 9.67 23 26 46 30
Consolidated Net Income / (Loss)		 - 16 28 27 13 9.84 9.67 23 26 46 30
Provision For Loan Losses		 - 9.00 16 12 35 34 29 23 22 22 20
Depreciation Expense		 - 5.33 4.98 5.34 6.31 6.65 6.97 6.78 6.67 9.97 6.94
Amortization Expense		 - -0.06 -0.36 -0.14 -0.13 -0.09 -0.08 -0.15 -0.22 -0.16 -0.16
Non-Cash Adjustments to Reconcile Net Income		 - 138 43 48 129 116 -72 144 -291 -33 -40
Changes in Operating Assets and Liabilities, net		 - 1.42 -0.41 -7.79 8.71 4.46 -3.44 10 1.39 35 71
Net Cash From Investing Activities		 - -388 -279 -386 -829 -586 -465 -485 -322 -497 -273
Net Cash From Continuing Investing Activities		 - -388 -279 -386 -829 -586 -465 -485 -322 -497 -273
Purchase of Property, Leasehold Improvements and Equipment		 - -22 -22 -17 -6.41 -4.02 -2.29 -1.43 -1.74 -9.30 -2.05
Purchase of Investment Securities		 - -425 -302 -427 -880 -629 -495 -535 -370 -620 -321
Sale of Property, Leasehold Improvements and Equipment		 - - 0.98 - - 0.07 0.22 4.14 - - 0.00
Sale and/or Maturity of Investments		 - 58 44 58 58 47 32 47 50 131 50
Net Cash From Financing Activities		 - 266 203 320 689 358 630 195 787 390 137
Net Cash From Continuing Financing Activities		 - 266 203 320 689 358 630 195 787 390 137
Net Change in Deposits		 - 271 108 324 694 360 635 199 696 398 146
Issuance of Debt		 - 0.02 99 0.05 0.20 0.04 0.04 0.04 0.04 0.04 0.04
Repayment of Debt		 - -2.51 -2.53 -2.55 -2.57 -2.60 -2.62 -2.63 -2.65 -2.68 -2.69
Payment of Dividends		 - -1.34 -1.35 -1.35 -1.35 -1.36 -1.37 -1.37 -2.33 -3.47 -3.48
Other Financing Activities, Net		 - -1.53 -1.23 -0.06 -1.07 1.71 -1.76 0.50 -0.57 -1.60 -3.01
Cash Interest Paid		 - 98 103 107 112 115 112 116 116 117 114
Cash Income Taxes Paid		 - 3.61 1.93 21 3.59 12 0.17 7.05 9.05 10 0.29

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 1,053 1,755 2,758 3,670 4,813 7,872 8,213 9,855 11,271 12,943 15,135
Cash and Due from Banks		 103 238 295 317 125 297 187 280 583 609 865
Time Deposits Placed and Other Short-Term Investments		 10 7.25 3.00 7.25 7.25 6.50 4.75 4.00 0.25 0.25 0.25
Trading Account Securities		 534 465 774 1,068 1,506 1,926 2,023 1,569 1,513 1,594 1,847
Loans and Leases, Net of Allowance		 273 889 1,320 1,811 2,599 5,093 5,458 7,248 8,508 10,066 11,781
Loans and Leases		 280 908 1,344 1,843 2,627 5,145 5,521 7,344 8,634 10,233 11,974
Allowance for Loan and Lease Losses		 7.42 18 24 32 28 52 64 97 126 168 192
Premises and Equipment, Net		 63 65 179 263 279 259 240 263 258 264 240
Other Assets		 70 91 188 205 200 270 284 355 410 410 401
Total Liabilities & Shareholders' Equity		 1,053 1,755 2,758 3,670 4,813 7,872 8,213 9,855 11,271 12,943 15,135
Total Liabilities		 853 1,532 2,322 3,177 4,280 7,304 7,498 9,044 10,369 11,940 13,881
Non-Interest Bearing Deposits		 22 28 58 54 52 75 89 194 259 319 515
Interest Bearing Deposits		 783 1,457 2,202 3,096 4,175 5,638 7,023 8,691 10,016 11,442 13,174
Long-Term Debt		 28 28 27 1.46 0.01 1,542 318 - 23 113 102
Other Long-Term Liabilities		 20 19 35 26 53 50 68 76 70 67 90
Total Equity & Noncontrolling Interests		 199 223 437 494 532 568 715 811 903 1,003 1,254
Total Preferred & Common Equity		 199 223 437 494 532 568 715 811 903 999 1,250
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 96
Total Common Equity		 199 223 437 494 532 568 715 811 903 999 1,154
Common Stock		 188 200 318 328 340 311 312 331 345 366 388
Retained Earnings		 12 24 120 167 180 236 401 572 643 716 810
Accumulated Other Comprehensive Income / (Loss)		 -0.19 -0.65 -1.03 -1.68 12 22 1.95 -92 -85 -82 -45
Noncontrolling Interest		 0.03 - - - - - - - 0.00 4.47 4.24

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 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 9/30/2025 3/31/2026
Total Assets		 9,315 10,364 10,819 10,950 11,506 11,869 12,607 13,596 13,831 14,666 15,300
Cash and Due from Banks		 335 463 808 535 597 615 667 744 663 892 816
Time Deposits Placed and Other Short-Term Investments		 4.25 4.00 4.00 3.75 0.25 0.25 0.25 0.25 0.25 0.25 0.25
Trading Account Securities		 1,543 1,683 1,657 1,672 1,431 1,515 1,593 1,681 1,676 1,734 1,870
Loans and Leases, Net of Allowance		 6,775 7,579 7,716 8,081 8,774 9,034 9,663 10,504 10,832 11,369 11,965
Loans and Leases		 6,853 7,687 7,836 8,203 8,913 9,172 9,832 10,694 11,014 11,555 12,158
Allowance for Loan and Lease Losses		 78 108 120 121 139 138 169 190 182 186 193
Premises and Equipment, Net		 260 268 269 258 258 268 267 259 246 241 235
Other Assets		 329 367 364 400 445 436 417 408 414 429 414
Total Liabilities & Shareholders' Equity		 9,315 10,364 10,819 10,950 11,506 11,869 12,607 13,596 13,831 14,666 15,300
Total Liabilities		 8,512 9,541 9,987 10,100 10,578 10,908 11,600 12,564 12,764 13,463 14,018
Non-Interest Bearing Deposits		 170 176 230 240 227 264 259 386 393 494 511
Interest Bearing Deposits		 8,235 9,246 9,649 9,764 10,157 10,443 11,142 12,010 12,201 12,797 13,324
Long-Term Debt		 - - - - 120 118 - 110 108 105 100
Other Long-Term Liabilities		 72 89 79 71 74 83 84 58 61 68 83
Total Equity & Noncontrolling Interests		 802 823 832 850 928 961 1,008 1,031 1,067 1,203 1,282
Total Preferred & Common Equity		 802 823 832 850 928 961 1,008 1,027 1,063 1,198 1,278
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 96 96
Total Common Equity		 802 823 832 850 928 961 1,008 1,027 1,063 1,102 1,181
Common Stock		 326 335 341 341 350 356 362 371 378 383 392
Retained Earnings		 572 573 589 628 669 695 707 724 746 771 836
Accumulated Other Comprehensive Income / (Loss)		 -95 -84 -98 -118 -91 -91 -61 -68 -62 -52 -47
Noncontrolling Interest		 - - - - - - - 4.42 4.38 4.33 4.15

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $4.02 $1.67 $1.72 $2.25
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44.15M 44.77M 45.57M 46.22M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.92 $1.64 $1.69 $2.23
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44.15M 44.77M 45.57M 46.22M
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 44.15M 44.77M 45.57M 46.22M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 46,219,604.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 46,219,604.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.65
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -10.10% 14.01% 14.38% 15.69% 2.07% 7.01% 8.52% 14.56% 12.44% - 18.36%
EBITDA Growth		 -18.34% 262.92% 395.59% 141.15% -87.68% -13.05% -25.10% -8.29% 79.18% - 134.06%
EBIT Growth		 -3.68% 2,338.49% 1,535.62% 180.10% -174.83% -24.34% -40.60% -13.47% 104.99% - 205.22%
NOPAT Growth		 -14.35% 801.95% 13,662.31% 53.69% -67.27% -39.10% -64.95% -13.26% 103.19% - 209.75%
Net Income Growth		 -14.35% 801.95% 13,662.31% 161.06% -134.54% -39.10% -64.95% -13.26% 103.19% - 209.75%
EPS Growth		 -16.67% 800.00% 17,700.00% 102.56% -204.55% -38.89% -65.00% -13.56% 96.43% - 185.71%
Operating Cash Flow Growth		 0.00% 550.86% -85.28% -77.09% 0.00% 0.26% 15.50% 148.19% -246.71% - 393.56%
Free Cash Flow Firm Growth		 0.00% 87.79% 0.00% 146.17% 82.19% -82.60% 91.76% 66.84% -89.36% - -149.64%
Invested Capital Growth		 0.00% 14.18% 0.00% 88.76% 37.02% 20.55% 8.94% 8.91% 29.75% - 21.01%
Revenue Q/Q Growth		 17.37% -11.97% -5.81% 15.96% 10.65% -1.44% -1.53% 13.98% 1.64% - -10.12%
EBITDA Q/Q Growth		 153.56% -93.55% 34.92% 108.67% -83.59% -17.59% 1.18% 88.98% 13.72% - -34.65%
EBIT Q/Q Growth		 125.37% -118.22% 52.88% 63.11% -101.04% -25.85% -0.73% 137.60% 17.21% - -35.26%
NOPAT Q/Q Growth		 253.64% -118.76% 212.02% -4.52% -155.08% -24.43% -1.78% 141.90% 13.17% - -35.07%
Net Income Q/Q Growth		 253.64% -59.38% 141.35% -4.52% -103.39% -24.43% -1.78% 141.90% 13.17% - -35.07%
EPS Q/Q Growth		 125.64% -118.18% 133.33% -3.33% -105.08% -21.43% -4.55% 142.86% 7.84% - -37.50%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -139.83% -7.72% 383.20% -10.64% -38.50% 98.30% -212.69% - 9.65%
Free Cash Flow Firm Q/Q Growth		 1.07% 78.44% -962.72% 235.51% 102.55% -25.00% 53.41% 13.47% -275.81% - -8.14%
Invested Capital Q/Q Growth		 4.30% 15.05% 45.36% 8.83% -13.17% 10.77% 2.27% 2.91% 11.29% - 1.84%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 67.18% 19.02% 46.01% 65.76% 55.45% 15.45% 15.88% 26.32% 29.45% - 32.22%
EBIT Margin		 67.18% 29.22% 38.05% 86.21% 41.19% 10.33% 10.41% 21.71% 25.03% - 27.55%
Profit (Net Income) Margin		 62.52% 27.01% 71.22% 64.46% 20.05% 7.69% 7.67% 16.27% 18.12% - 20.59%
Tax Burden Percent		 186.12% 184.89% 374.35% 224.33% 219.02% 74.40% 73.62% 74.95% 72.37% - 74.72%
Interest Burden Percent		 200.00% 100.00% 300.00% 200.00% 300.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 13.88% 15.11% -49.57% 75.67% 80.98% 25.60% 26.38% 25.05% 27.63% - 25.28%
Return on Invested Capital (ROIC)		 0.00% 20.78% 42.74% 21.98% 10.60% 3.76% 3.57% 7.62% 8.51% - 9.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 21.37% 21.98% 0.00% 3.76% 3.57% 7.62% 8.51% - 9.80%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 4.24% 1.44% 0.00% 0.27% 0.42% 0.85% 0.40% - 0.89%
Return on Equity (ROE)		 0.00% 7.20% 46.97% 23.42% 0.00% 4.03% 3.99% 8.47% 8.92% - 10.69%
Cash Return on Invested Capital (CROIC)		 -400.00% -4.73% -361.42% -42.63% -23.78% -11.05% -3.13% -3.57% -19.91% - -9.03%
Operating Return on Assets (OROA)		 0.00% 1.82% 0.82% 3.71% 1.72% 0.43% 0.42% 0.89% 1.00% - 1.14%
Return on Assets (ROA)		 0.00% 1.68% 1.02% 2.78% 0.84% 0.32% 0.31% 0.67% 0.72% - 0.86%
Return on Common Equity (ROCE)		 0.00% 0.00% 71.11% 35.13% 0.00% 4.02% 3.98% 8.45% 8.51% - 10.20%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 21.79% 23.00% 24.93% 0.00% 5.79% 5.26% 5.79% - 9.86%
Net Operating Profit after Tax (NOPAT)		 40 16 28 27 13 9.84 9.67 23 26 - 30
NOPAT Margin		 31.26% 27.01% 23.74% 21.49% 20.05% 7.69% 7.67% 16.27% 18.12% - 20.59%
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%
SG&A Expenses to Revenue		 97.59% 104.33% 171.54% 104.37% 99.59% 51.19% 55.67% 50.26% 49.99% - 47.93%
Operating Expenses to Revenue		 116.67% 155.75% 133.79% 185.66% 179.15% 63.45% 66.62% 62.12% 59.74% - 58.63%
Earnings before Interest and Taxes (EBIT)		 43 17 22 36 18 13 13 31 37 - 40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 43 23 27 41 24 20 20 38 43 - 47
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.50 2.23 2.00 1.64 4.23 1.79 1.18 1.28 1.46 - 1.29
Price to Tangible Book Value (P/TBV)		 1.50 2.23 2.00 1.64 6.35 1.79 1.18 1.28 1.46 - 1.29
Price to Revenue (P/Rev)		 0.00 4.41 3.93 3.22 4.34 3.57 2.38 2.57 2.96 - 2.55
Price to Earnings (P/E)		 0.00 27.28 18.33 14.25 50.92 23.05 20.38 24.24 23.48 - 12.63
Dividend Yield		 0.83% 0.26% 0.87% 0.69% 0.76% 0.30% 0.45% 0.40% 0.34% - 0.36%
Earnings Yield		 0.00% 7.34% 5.46% 14.04% 7.86% 4.34% 4.91% 4.13% 4.26% - 7.92%
Enterprise Value to Invested Capital (EV/IC)		 1.74 3.16 1.31 1.00 4.36 1.16 0.51 0.69 0.71 - 0.66
Enterprise Value to Revenue (EV/Rev)		 0.00 3.19 2.92 6.61 8.95 2.59 1.15 1.53 1.70 - 1.52
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 27.78 11.28 18.18 38.30 11.57 5.57 7.95 7.65 - 4.57
Enterprise Value to EBIT (EV/EBIT)		 0.00 34.91 13.57 18.18 47.01 14.50 7.29 10.72 9.81 - 5.37
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 19.71 13.60 9.74 52.49 16.71 9.83 14.45 13.32 - 7.24
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 4.66 2.49 0.00 5.47 2.41 1.06 1.20 1.82 - 3.31
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
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.03 0.39 0.37 0.00 0.11 0.11 0.10 0.09 - 0.08
Long-Term Debt to Equity		 0.00 0.03 0.39 0.12 0.00 0.11 0.11 0.10 0.09 - 0.08
Financial Leverage		 0.00 0.01 0.20 0.13 0.00 0.07 0.12 0.11 0.05 - 0.09
Leverage Ratio		 25.75 24.82 24.90 37.95 25.36 12.70 12.81 12.67 12.34 - 12.49
Compound Leverage Factor		 25.75 24.82 24.90 25.30 38.03 12.70 12.81 12.67 12.34 - 12.49
Debt to Total Capital		 0.00% 2.52% 11.47% 21.83% 0.00% 10.11% 9.66% 9.16% 8.03% - 7.22%
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%
Long-Term Debt to Total Capital		 0.00% 2.52% 22.95% 32.74% 0.00% 10.11% 9.66% 9.16% 8.03% - 7.22%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.36% - 6.97%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.40% 0.39% 0.37% 0.33% - 0.30%
Common Equity to Total Capital		 200.00% 97.48% 177.05% 178.17% 300.00% 89.49% 89.96% 90.46% 84.27% - 85.51%
Debt to EBITDA		 0.00 0.22 0.99 0.99 0.00 1.01 1.05 1.06 0.87 - 0.50
Net Debt to EBITDA		 0.00 -5.37 -11.75 -8.41 0.00 -4.44 -6.04 -5.46 -6.53 - -3.59
Long-Term Debt to EBITDA		 0.00 0.22 2.96 1.99 0.00 1.01 1.05 1.06 0.87 - 0.50
Debt to NOPAT		 0.00 0.32 2.38 3.20 0.00 1.46 1.85 1.93 1.51 - 0.79
Net Debt to NOPAT		 0.00 -7.57 -4.72 -9.01 0.00 -6.41 -10.66 -9.93 -11.36 - -5.69
Long-Term Debt to NOPAT		 0.00 0.32 2.38 3.20 0.00 1.46 1.85 1.93 1.51 - 0.79
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.23% 0.23% 0.22% 4.55% - 4.53%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -811 -99 -1,020 -219 -144 -180 -84 -73 -273 - -210
Operating Cash Flow to CapEx		 0.00% 787.88% 878.28% 974.96% 8,944.00% 4,317.86% 5,066.46% 0.00% -13,521.27% - 4,268.88%
Free Cash Flow to Firm to Interest Expense		 -8.89 -10.16 -29.92 -4.10 -2.58 -1.57 -0.75 -0.63 -2.36 - -1.83
Operating Cash Flow to Interest Expense		 0.00 3.51 2.67 1.57 1.71 1.48 0.93 1.81 -2.02 - 0.76
Operating Cash Flow Less CapEx to Interest Expense		 0.00 1.53 0.69 1.24 4.95 1.45 0.91 1.83 -2.04 - 0.75
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.12 0.21 0.09 0.04 0.04 0.04 0.04 0.04 - 0.04
Fixed Asset Turnover		 0.00 1.75 1.79 1.82 5.61 1.91 1.97 2.05 2.14 - 2.43
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 850 926 1,048 1,079 1,008 1,116 1,142 1,175 1,308 - 1,382
Invested Capital Turnover		 0.00 0.53 1.80 1.02 1.06 0.49 0.47 0.47 0.47 - 0.48
Increase / (Decrease) in Invested Capital		 850 115 1,048 246 157 190 94 96 300 - 240
Enterprise Value (EV)		 741 1,457 1,375 1,077 2,930 1,294 585 808 924 - 912
Market Capitalization		 1,279 2,016 1,853 1,575 2,132 1,786 1,215 1,359 1,611 - 1,528
Book Value per Share		 $19.17 $20.29 $20.72 $21.37 $22.38 $22.11 $22.54 $23.30 $24.10 - $25.56
Tangible Book Value per Share		 $19.17 $20.29 $20.72 $21.37 $22.38 $22.11 $22.54 $23.30 $24.10 - $25.56
Total Capital		 850 926 1,048 1,079 1,008 1,116 1,142 1,175 1,308 - 1,382
Total Debt		 0.00 23 120 118 0.00 113 110 108 105 - 100
Total Long-Term Debt		 0.00 23 120 118 0.00 113 110 108 105 - 100
Net Debt		 -539 -559 -477 -498 -667 -496 -634 -555 -788 - -717
Capital Expenditures (CapEx)		 0.00 22 21 17 6.41 3.95 2.07 -2.71 1.74 - 2.05
Net Nonoperating Expense (NNE)		 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 23 120 118 0.00 113 110 108 105 - 100
Total Depreciation and Amortization (D&A)		 0.00 5.28 4.63 5.20 6.17 6.56 6.89 6.64 6.46 - 6.79
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.89 $0.37 $0.62 $0.60 $0.28 $0.22 $0.21 $0.51 $0.56 $0.97 $0.61
Adjusted Weighted Average Basic Shares Outstanding		 44.48M 44.77M 44.97M 45.04M 45.19M 45.57M 45.61M 45.73M 45.86M 46.22M 46.26M
Adjusted Diluted Earnings per Share		 $0.88 $0.36 $0.60 $0.59 $0.28 $0.22 $0.21 $0.51 $0.55 $0.96 $0.60
Adjusted Weighted Average Diluted Shares Outstanding		 44.48M 44.77M 44.97M 45.04M 45.19M 45.57M 45.61M 45.73M 45.86M 46.22M 46.26M
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		 44.48M 44.77M 44.97M 45.04M 45.19M 45.57M 45.61M 45.73M 45.86M 46.22M 46.26M
Normalized Net Operating Profit after Tax (NOPAT)		 40 16 15 27 13 9.84 9.67 23 26 - 30
Normalized NOPAT Margin		 62.52% 27.01% 26.63% 42.98% 20.05% 7.69% 7.67% 16.27% 18.12% - 20.59%
Pre Tax Income Margin		 67.18% 14.61% 57.07% 57.47% 27.46% 10.33% 10.41% 21.71% 25.03% - 27.55%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.47 0.18 0.65 0.67 0.32 0.11 0.12 0.27 0.32 - 0.35
NOPAT to Interest Expense		 0.87 0.33 0.54 0.50 0.35 0.09 0.09 0.20 0.23 - 0.26
EBIT Less CapEx to Interest Expense		 0.94 -0.09 0.03 0.53 0.20 0.08 0.10 0.29 0.30 - 0.33
NOPAT Less CapEx to Interest Expense		 0.87 -0.06 0.13 0.18 0.18 0.05 0.07 0.23 0.21 - 0.24
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 7.21% 15.86% 0.00% 19.29% 6.98% 9.12% 9.74% 9.26% - 8.46%
Augmented Payout Ratio		 0.00% 14.41% 15.86% 0.00% 19.29% 6.98% 9.12% 9.74% 9.26% - 8.46%

Financials Breakdown Chart

Key Financial Trends

Live Oak Bancshares (NYSE:LOB) posted a solid start to 2026, but the latest quarter also shows a business that is still heavily dependent on deposit pricing and credit provisioning. Over the last several years, the company has grown its loan book, deposits, and overall balance sheet, but earnings have been volatile quarter to quarter.

  • Revenue and earnings improved sequentially in Q1 2026 versus Q1 2025. Total revenue rose to $145.5 million from $122.9 million, while net income attributable to common shareholders increased to $27.9 million from $9.7 million.
  • Loan growth remains strong over the long term. Net loans and leases climbed to $12.0 billion in Q1 2026 from $10.5 billion a year earlier and $8.8 billion in Q1 2024, showing continued balance sheet expansion.
  • Deposit growth has supported the franchise. Total deposits increased to $13.8 billion in Q1 2026 from $12.4 billion in Q1 2025, helping fund loan growth.
  • Book value has been steadily building. Total common equity rose to $1.18 billion in Q1 2026 from $1.03 billion in Q1 2025 and $927.7 million in Q1 2024.
  • The company generated strong operating cash flow in Q1 2026. Net cash from operating activities was $87.4 million, up from $79.7 million in Q4 2025.
  • Non-interest income remains an important earnings driver. In Q1 2026, non-interest income of $26.1 million was a meaningful contributor alongside net interest income of $119.4 million.
  • Interest income continues to trend higher, but so do funding costs. Total interest income reached $233.9 million in Q1 2026, while deposit interest expense was still $112.8 million.
  • Shares outstanding have been relatively stable. Basic shares were 46.3 million in Q1 2026, only modestly above prior periods.
  • Profitability was weaker than the immediately prior quarter. Q1 2026 net income fell to $29.9 million from $46.1 million in Q4 2025, and EPS dropped to $0.61 from $0.97.
  • The provision for credit losses remains elevated. Q1 2026 provision expense was $20.1 million, which continued to weigh on pretax earnings.
  • Non-interest expense is still high. Q1 2026 total non-interest expense of $85.3 million consumed a large share of revenue and limited margin expansion.
  • Balance sheet leverage remains meaningful. Total liabilities were $14.0 billion versus equity of $1.28 billion, which means the business is still highly deposit- and funding-sensitive, as is typical for a bank.
  • Cash declined in the quarter. Cash and due from banks fell to $816.1 million in Q1 2026 from $892.4 million in Q3 2025, while investing activity was a large use of cash.

Bottom line: Live Oak Bancshares continues to show healthy balance sheet growth and strong franchise momentum, but earnings quality is mixed. The bank has benefited from loan and deposit expansion, yet higher funding costs and ongoing credit provisioning are still pressuring margins. Investors will likely want to see whether Q1 2026’s improved revenue can translate into more consistent bottom-line growth in the coming quarters.

06/08/26 07:52 PM ETAI Generated. May Contain Errors.

Live Oak Bancshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Live Oak Bancshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Live Oak Bancshares' net income appears to be on an upward trend, with a most recent value of $105.64 million in 2025, rising from $20.60 million in 2015. The previous period was $77.42 million in 2024. See Live Oak Bancshares' forecast for analyst expectations on what's next for the company.

Over the last 10 years, Live Oak Bancshares' total revenue changed from $109.92 million in 2015 to $577.82 million in 2025, a change of 425.7%.

Live Oak Bancshares' total liabilities were at $13.88 billion at the end of 2025, a 16.3% increase from 2024, and a 1,527.0% increase since 2015.

In the past 10 years, Live Oak Bancshares' cash and equivalents has ranged from $102.61 million in 2015 to $864.90 million in 2025, and is currently $864.90 million as of their latest financial filing in 2025.


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Financial statements for NYSE:LOB last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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