Live Oak Bancshares, Inc. (LOB)

Live Oak Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	787.12	744.84	623.67	418.55	347.74	270.77
Interest Income on Investments	71.77	67.53	64.61	25.93	13.48	17.64
Total Interest Income	858.89	812.37	688.28	444.47	361.21	288.41
Interest Paid on Deposits	447.8	430.89	340.21	115.04	59.74	89.73
Interest Paid on Borrowings	6.87	5.58	2.76	1.94	4.69	3.96
Total Interest Expense	454.67	436.47	342.97	116.97	64.43	93.69
Net Interest Income	404.23	375.91	345.31	327.5	296.79	194.72
Net Interest Income Growth (YoY)	12.16%	8.86%	5.44%	10.35%	52.41%	39.01%
Gain (Loss) on Sale of Investments	0.39	0.02	-15.61	-12.86	41.57	16.79
Gain (Loss) on Sale of Equity Investments	-9.09	-10.92	-5.99	144.25	-1.72	-14.69
Other Non-Interest Income	52.99	70.85	75.69	46.1	45.63	47.51
Total Non-Interest Income	122.08	123.25	97.09	221.78	157.01	86
Non-Interest Income Growth (YoY)	6.68%	26.95%	-56.22%	41.25%	82.57%	36.69%
Revenues Before Loan Losses	526.3	499.16	442.39	549.28	453.8	280.72
Provision for Loan Losses	120.3	96.21	51.32	40.94	15.21	40.66
Revenue	406	402.94	391.07	508.33	438.59	240.07
Revenue Growth (YoY)	-5.02%	3.04%	-23.07%	15.90%	82.70%	27.84%
Salaries and Employee Benefits	160.46	156.85	156.93	150.29	107.86	97.69
Federal Deposit Insurance	12.08	10.84	16.67	9.76	7.07	7.47
Selling, General & Administrative	124.23	116.36	102.68	105.96	88.96	67.98
Other Non-Interest Expense	33.83	29.67	31.96	32.01	23.91	18.26
Total Non-Interest Expense	330.6	313.71	308.24	298.01	227.8	191.41
EBT Excluding Unusual Items	75.4	89.24	82.83	210.32	210.79	48.65
Asset Writedown	-	-	-	-	-	-1.26
Pretax Income	75.4	89.24	82.83	210.32	210.79	47.39
Income Tax Expense	19.48	11.82	8.93	34.12	43.79	-12.15
Earnings From Continuing Operations	55.92	77.42	73.9	176.21	167	59.54
Minority Interest in Earnings	0.15	0.06	-	-	-	-
Net Income	56.07	77.47	73.9	176.21	167	59.54
Net Income to Common	56.07	77.47	73.9	176.21	167	59.54
Net Income Growth	-49.26%	4.84%	-58.06%	5.52%	180.46%	230.17%
Basic Shares Outstanding	45	45	44	44	43	41
Diluted Shares Outstanding	46	46	45	45	45	42
Shares Change (YoY)	1.11%	1.61%	0.42%	-0.37%	7.90%	1.75%
EPS (Basic)	1.24	1.72	1.67	4.02	3.87	1.46
EPS (Diluted)	1.21	1.69	1.64	3.92	3.71	1.43
EPS Growth	-50.21%	3.05%	-58.16%	5.66%	159.44%	225.00%
Dividend Per Share	0.120	0.120	0.120	0.120	0.120	0.120
Effective Tax Rate	25.84%	13.24%	10.78%	16.22%	20.78%	-

Updated May 7, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q