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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	764.45	744.84	623.67	418.55	347.74	270.77
Interest Income on Investments	68.61	67.53	64.61	25.93	13.48	17.64
Total Interest Income	833.06	812.37	688.28	444.47	361.21	288.41
Interest Paid on Deposits	439.78	430.89	340.21	115.04	59.74	89.73
Interest Paid on Borrowings	6.95	5.58	2.76	1.94	4.69	3.96
Total Interest Expense	446.73	436.47	342.97	116.97	64.43	93.69
Net Interest Income	386.33	375.91	345.31	327.5	296.79	194.72
Net Interest Income Growth (YoY)	9.32%	8.86%	5.44%	10.35%	52.41%	39.01%
Gain (Loss) on Sale of Investments	-0.36	0.02	-15.61	-12.86	41.57	16.79
Gain (Loss) on Sale of Equity Investments	-8.14	-10.92	-5.99	144.25	-1.72	-14.69
Other Non-Interest Income	60.67	70.85	75.69	46.1	45.63	47.51
Total Non-Interest Income	121.81	123.25	97.09	221.78	157.01	86
Non-Interest Income Growth (YoY)	16.45%	26.95%	-56.22%	41.25%	82.57%	36.69%
Revenues Before Loan Losses	508.13	499.16	442.39	549.28	453.8	280.72
Provision for Loan Losses	108.81	96.21	51.32	40.94	15.21	40.66
Revenue	399.32	402.94	391.07	508.33	438.59	240.07
Revenue Growth (YoY)	-2.45%	3.04%	-23.07%	15.90%	82.70%	27.84%
Salaries and Employee Benefits	157.58	156.85	156.93	150.29	107.86	97.69
Occupancy Expenses	0.49	-	-	-	-	-
Federal Deposit Insurance	11.19	10.84	16.67	9.76	7.07	7.47
Selling, General & Administrative	120.04	116.36	102.68	105.96	88.96	67.98
Other Non-Interest Expense	29.77	29.67	31.96	32.01	23.91	18.26
Total Non-Interest Expense	319.06	313.71	308.24	298.01	227.8	191.41
EBT Excluding Unusual Items	80.26	89.24	82.83	210.32	210.79	48.65
Asset Writedown	-	-	-	-	-	-1.26
Pretax Income	80.26	89.24	82.83	210.32	210.79	47.39
Income Tax Expense	20.76	11.82	8.93	34.12	43.79	-12.15
Earnings From Continuing Operations	59.5	77.42	73.9	176.21	167	59.54
Minority Interest in Earnings	0.11	0.06	-	-	-	-
Net Income	59.61	77.47	73.9	176.21	167	59.54
Net Income to Common	59.61	77.47	73.9	176.21	167	59.54
Net Income Growth	-41.03%	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)	1.29%	1.61%	0.42%	-0.37%	7.90%	1.75%
EPS (Basic)	1.32	1.72	1.67	4.02	3.87	1.46
EPS (Diluted)	1.30	1.69	1.64	3.92	3.71	1.43
EPS Growth	-41.62%	3.05%	-58.16%	5.66%	159.44%	225.00%
Dividend Per Share	0.090	0.120	0.120	0.120	0.120	0.120
Dividend Growth	-25.00%	-	-	-	-	-
Effective Tax Rate	25.87%	13.24%	10.78%	16.22%	20.78%	-

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q