Live Oak Bancshares, Inc. (LOB)

Live Oak Bancshares Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	830.58	744.84	623.67	418.55	347.74
Interest Income on Investments	77.89	67.53	64.61	25.93	13.48
Total Interest Income	908.47	812.37	688.28	444.47	361.21
Interest Paid on Deposits	453.41	430.89	340.21	115.04	59.74
Interest Paid on Borrowings	6.7	5.58	2.76	1.94	4.69
Total Interest Expense	460.11	436.47	342.97	116.97	64.43
Net Interest Income	448.36	375.91	345.31	327.5	296.79
Net Interest Income Growth (YoY)	19.27%	8.86%	5.44%	10.35%	52.41%
Gain (Loss) on Sale of Investments	5	0.02	-15.61	-12.86	41.57
Gain (Loss) on Sale of Equity Investments	17.39	-10.92	-5.99	144.25	-1.72
Other Non-Interest Income	42.7	70.85	75.69	46.1	45.63
Total Non-Interest Income	128.72	123.25	97.09	221.78	157.01
Non-Interest Income Growth (YoY)	4.44%	26.95%	-56.22%	41.25%	82.57%
Revenues Before Loan Losses	577.08	499.16	442.39	549.28	453.8
Provision for Loan Losses	96.3	96.21	51.32	40.94	15.21
Revenue	480.78	402.94	391.07	508.33	438.59
Revenue Growth (YoY)	19.32%	3.04%	-23.07%	15.90%	82.70%
Salaries and Employee Benefits	189.44	156.85	156.93	150.29	107.86
Federal Deposit Insurance	14.67	10.84	16.67	9.76	7.07
Selling, General & Administrative	97.14	116.36	102.68	105.96	88.96
Other Non-Interest Expense	36.71	29.67	31.96	32.01	23.91
Total Non-Interest Expense	337.96	313.71	308.24	298.01	227.8
EBT Excluding Unusual Items	142.82	89.24	82.83	210.32	210.79
Pretax Income	142.82	89.24	82.83	210.32	210.79
Income Tax Expense	37.17	11.82	8.93	34.12	43.79
Earnings From Continuing Operations	105.64	77.42	73.9	176.21	167
Minority Interest in Earnings	0.23	0.06	-	-	-
Net Income	105.87	77.47	73.9	176.21	167
Preferred Dividends & Other Adjustments	3.05	-	-	-	-
Net Income to Common	102.82	77.47	73.9	176.21	167
Net Income Growth	36.65%	4.84%	-58.06%	5.52%	180.46%
Basic Shares Outstanding	46	45	44	44	43
Diluted Shares Outstanding	46	46	45	45	45
Shares Change (YoY)	0.49%	1.61%	0.42%	-0.37%	7.90%
EPS (Basic)	2.25	1.72	1.67	4.02	3.87
EPS (Diluted)	2.23	1.69	1.64	3.92	3.71
EPS Growth	31.95%	3.05%	-58.16%	5.66%	159.44%
Dividend Per Share	0.120	0.120	0.120	0.120	0.120
Effective Tax Rate	26.03%	13.24%	10.78%	16.22%	20.78%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q