Live Oak Bancshares, Inc. (LOB)

Live Oak Bancshares Income Statement

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

Fiscal Quarter	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Interest Income on Loans	195.62	194.82	192.17	181.84	176.01	169.53	162.72	152.36	139.05	127.31	107.88	94.16	89.2	88.58	89.39	84.78	84.99	79.17	70.62	62.02
Interest Income on Investments	17.49	17.75	16.77	16.61	16.41	17.01	17.89	17.35	12.36	9.3	7.95	5.09	3.58	3.63	3.4	3.22	3.23	3.87	4.46	4.8
Total Interest Income	213.11	212.57	208.94	198.45	192.42	186.54	180.61	169.71	151.42	136.61	115.83	99.25	92.78	92.2	92.79	88	88.23	83.04	75.08	66.82
Interest Paid on Deposits	110.89	113.36	110.17	105.36	102	96.7	90.91	85	67.6	50.36	31.55	18.78	14.35	13.82	14.16	14.82	16.94	19.2	22.16	25.12
Interest Paid on Borrowings	1.69	1.74	1.76	1.77	0.31	0.27	0.29	0.41	1.8	0.35	0.4	0.54	0.66	0.75	0.89	1.72	1.33	1.54	1.56	0.8
Total Interest Expense	112.57	115.09	111.94	107.13	102.31	96.96	91.2	85.41	69.4	50.71	31.95	19.31	15	14.57	15.05	16.54	18.28	20.74	23.72	25.92
Net Interest Income	100.53	97.47	97	91.32	90.11	89.58	89.41	84.3	82.02	85.9	83.89	79.93	77.78	77.64	77.74	71.46	69.95	62.3	51.36	40.9
Net Interest Income Growth (YoY)	11.56%	8.82%	8.49%	8.33%	9.87%	4.28%	6.59%	5.46%	5.45%	10.64%	7.91%	11.86%	11.19%	24.62%	51.34%	74.73%	74.17%	63.90%	36.85%	20.52%
Gain (Loss) on Sale of Assets	-	-9.1	2.4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-
Gain (Loss) on Sale of Investments	0.02	-6.86	0.79	-0.01	0.4	-14.96	-0.78	0.12	0.01	-7.58	-6.85	1.61	-0.04	0.22	0.12	44.25	-3.02	0.11	15.93	0.9
Gain (Loss) on Sale of Equity Investments	-2.24	-2.74	-1.39	-1.77	-5.02	0.05	-1.03	-2.06	-2.95	-1.82	29.14	119.06	-2.12	2.97	-1.25	-2.28	-1.16	-8.74	-1.23	-2.24
Other Non-Interest Income	10.19	29.57	12.12	21.2	20.37	17.72	27.6	13.56	16.81	12.09	14.02	6.65	13.34	10.38	8.52	10.77	15.96	9.22	16.25	14.15
Total Non-Interest Income	25.58	29.42	32.82	33.99	27.02	15.53	37.89	24.16	19.51	10.63	50	128.48	32.67	33.76	25.22	70.11	27.93	10.8	47.04	22.41
Non-Interest Income Growth (YoY)	-5.34%	89.42%	-13.39%	40.71%	38.51%	46.18%	-24.22%	-81.20%	-40.28%	-68.52%	98.30%	83.25%	16.96%	212.64%	-46.40%	212.84%	386.42%	-46.35%	204.93%	59.53%
Revenues Before Loan Losses	126.11	126.9	129.82	125.31	117.14	105.11	127.3	108.46	101.53	96.53	133.89	208.41	110.45	111.39	102.95	141.57	97.88	73.1	98.41	63.31
Provision for Loan Losses	28.96	33.58	34.5	11.77	16.36	9	10.28	13.03	19.02	19.67	14.17	5.27	1.84	3.92	4.32	7.85	-0.87	8.63	10.27	9.96
Revenue	97.15	93.31	95.32	113.54	100.77	96.11	117.02	95.43	82.51	76.86	119.72	203.15	108.61	107.48	98.63	133.73	98.75	64.46	88.13	53.35
Revenue Growth (YoY)	-3.59%	-2.91%	-18.55%	18.98%	22.14%	25.06%	-2.25%	-53.02%	-24.04%	-28.49%	21.38%	51.91%	9.98%	66.72%	11.91%	150.66%	189.50%	20.88%	79.87%	19.70%
Salaries and Employee Benefits	41.34	38.51	44.52	39.46	40.97	38.86	42.95	36.77	38.59	37.1	43.48	41.18	33.55	28.24	24.5	28.8	26.35	24.09	20.9	27.48
Federal Deposit Insurance	3.55	3.05	1.93	2.65	3.2	4.09	4.12	5.06	3.4	2.92	2.7	2.16	1.97	1.93	1.67	1.7	1.77	2.15	2.1	1.72
Selling, General & Administrative	31.88	29.85	23.46	29.09	27.36	25.33	20.93	28.31	26.59	29.75	21.55	26.07	23.57	23.85	23.3	20.93	20.85	18.82	14.85	15.04
Other Non-Interest Expense	7.24	8.68	7.55	6.29	7.14	9.05	6.27	6.32	10.31	6.36	7.6	11.42	6.62	5.68	5.93	6.13	6.18	7.12	4.8	3.85
Total Non-Interest Expense	84.02	80.09	77.47	77.49	78.66	77.33	74.26	76.46	78.89	76.14	75.33	80.83	65.71	59.7	55.4	57.56	55.15	52.19	42.65	48.1
EBT Excluding Unusual Items	13.13	13.23	17.84	36.06	22.11	18.78	42.76	18.97	3.61	0.72	44.39	122.32	42.9	47.78	43.23	76.17	43.61	12.28	45.48	5.25
Asset Writedown	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.24	-	-
Pretax Income	13.13	13.23	17.84	36.06	22.11	17.48	42.76	18.97	3.61	0.72	44.39	122.32	42.9	47.78	43.23	76.17	43.61	12.04	45.48	5.25
Income Tax Expense	3.46	3.39	4.82	9.1	-5.48	1.32	2.97	1.43	3.22	-1.08	1.53	25.28	8.39	17.63	9.39	12.59	4.18	-17.55	11.7	1.47
Earnings From Continuing Operations	9.67	9.84	13.03	26.96	27.59	16.16	39.79	17.54	0.4	1.79	42.87	97.04	34.51	30.15	33.84	63.58	39.43	29.59	33.78	3.78
Minority Interest in Earnings	0.05	0.06	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	9.72	9.9	13.03	26.96	27.59	16.16	39.79	17.54	0.4	1.79	42.87	97.04	34.51	30.15	33.84	63.58	39.43	29.59	33.78	3.78
Net Income to Common	9.72	9.9	13.03	26.96	27.59	16.16	39.79	17.54	0.4	1.79	42.87	97.04	34.51	30.15	33.84	63.58	39.43	29.59	33.78	3.78
Net Income Growth	-64.78%	-38.75%	-67.27%	53.69%	6831.16%	801.95%	-7.17%	-81.92%	-98.85%	-94.06%	26.68%	52.62%	-12.47%	1.89%	0.18%	1583.40%	-	333.08%	767.27%	-23.46%
Basic Shares Outstanding	45	45	45	45	45	45	44	44	44	44	44	44	44	43	43	43	43	41	41	41
Diluted Shares Outstanding	46	46	46	46	46	45	45	45	45	45	45	45	45	45	45	45	45	43	42	41
Shares Change (YoY)	0.25%	1.88%	1.51%	1.54%	1.50%	1.14%	1.05%	0.07%	-0.58%	-1.49%	-0.54%	-0.57%	1.19%	4.94%	8.40%	9.58%	8.82%	5.23%	1.06%	0.30%
EPS (Basic)	0.21	0.22	0.29	0.60	0.62	0.36	0.90	0.40	0.01	0.04	0.98	2.21	0.79	0.69	0.78	1.47	0.92	0.72	0.83	0.09
EPS (Diluted)	0.21	0.21	0.28	0.59	0.60	0.36	0.88	0.39	0.01	0.04	0.96	2.16	0.76	0.66	0.76	1.41	0.88	0.68	0.81	0.09
EPS Growth	-65.00%	-41.14%	-68.18%	51.28%	6557.05%	876.92%	-8.33%	-81.94%	-98.81%	-94.44%	26.32%	53.19%	-13.64%	-2.97%	-6.17%	1466.68%	-	303.13%	800.00%	-25.00%
Dividend Per Share	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030	0.030
Effective Tax Rate	26.38%	25.60%	26.99%	25.22%	-	7.56%	6.94%	7.53%	88.98%	-	3.44%	20.67%	19.55%	36.90%	21.73%	16.53%	9.59%	-	25.73%	28.07%

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

SEC Filings: 10-K · 10-Q