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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	806.55	744.84	623.67	418.55	347.74	270.77
Interest Income on Investments	74.84	67.53	64.61	25.93	13.48	17.64
Total Interest Income	881.39	812.37	688.28	444.47	361.21	288.41
Interest Paid on Deposits	451.89	430.89	340.21	115.04	59.74	89.73
Interest Paid on Borrowings	6.78	5.58	2.76	1.94	4.69	3.96
Total Interest Expense	458.67	436.47	342.97	116.97	64.43	93.69
Net Interest Income	422.71	375.91	345.31	327.5	296.79	194.72
Net Interest Income Growth (YoY)	14.87%	8.86%	5.44%	10.35%	52.41%	39.01%
Gain (Loss) on Sale of Investments	-0.72	0.02	-15.61	-12.86	41.57	16.79
Gain (Loss) on Sale of Equity Investments	-9.16	-10.92	-5.99	144.25	-1.72	-14.69
Other Non-Interest Income	50.02	70.85	75.69	46.1	45.63	47.51
Total Non-Interest Income	119.54	123.25	97.09	221.78	157.01	86
Non-Interest Income Growth (YoY)	9.30%	26.95%	-56.22%	41.25%	82.57%	36.69%
Revenues Before Loan Losses	542.25	499.16	442.39	549.28	453.8	280.72
Provision for Loan Losses	108.04	96.21	51.32	40.94	15.21	40.66
Revenue	434.21	402.94	391.07	508.33	438.59	240.07
Revenue Growth (YoY)	7.02%	3.04%	-23.07%	15.90%	82.70%	27.84%
Salaries and Employee Benefits	168.75	156.85	156.93	150.29	107.86	97.69
Federal Deposit Insurance	13.79	10.84	16.67	9.76	7.07	7.47
Selling, General & Administrative	122.98	116.36	102.68	105.96	88.96	67.98
Other Non-Interest Expense	34.55	29.67	31.96	32.01	23.91	18.26
Total Non-Interest Expense	340.07	313.71	308.24	298.01	227.8	191.41
EBT Excluding Unusual Items	94.14	89.24	82.83	210.32	210.79	48.65
Asset Writedown	-	-	-	-	-	-1.26
Pretax Income	94.14	89.24	82.83	210.32	210.79	47.39
Income Tax Expense	24.77	11.82	8.93	34.12	43.79	-12.15
Earnings From Continuing Operations	69.36	77.42	73.9	176.21	167	59.54
Minority Interest in Earnings	0.2	0.06	-	-	-	-
Net Income	69.56	77.47	73.9	176.21	167	59.54
Net Income to Common	68.61	77.47	73.9	176.21	167	59.54
Net Income Growth	-16.93%	4.84%	-58.06%	5.52%	180.46%	230.17%
Basic Shares Outstanding	46	45	44	44	43	41
Diluted Shares Outstanding	46	46	45	45	45	42
Shares Change (YoY)	0.88%	1.61%	0.42%	-0.37%	7.90%	1.75%
EPS (Basic)	1.51	1.72	1.67	4.02	3.87	1.46
EPS (Diluted)	1.49	1.69	1.64	3.92	3.71	1.43
EPS Growth	-19.00%	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	26.31%	13.24%	10.78%	16.22%	20.78%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q