Complete financial analysis of Live Oak Bancshares, Inc. (LOB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Live Oak Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Live Oak Bancshares, Inc. (LOB)
About Live Oak Bancshares, Inc.
Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; wealth and investment management services to high-net-worth individuals and families; investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies; and an on-site restaurant location to company employees and business visitors. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 119.49M | 391.86M | 441.99M | 284.62M | 205.98M | 205.84M | 177.30M | 130.17M | 104.09M | 76.92M | 57.79M | 50.53M | 38.13M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 119.49M | 391.86M | 441.99M | 284.62M | 205.98M | 205.84M | 177.30M | 130.17M | 104.09M | 76.92M | 57.79M | 50.53M | 38.13M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 191.72M | 180.58M | 132.00M | 120.00M | 110.27M | 102.72M | 96.87M | 76.50M | 51.29M | 37.22M | 26.97M | 22.50M | 13.48M |
| Selling & Marketing | 12.56M | 10.54M | 5.00M | 3.51M | 5.94M | 6.02M | 6.36M | 4.53M | 4.33M | 3.32M | 2.32M | 2.18M | 2.28M |
| SG&A | 204.28M | 191.12M | 137.00M | 123.51M | 116.20M | 108.74M | 103.23M | 81.03M | 55.62M | 40.53M | 29.29M | 24.68M | 15.75M |
| Other Expenses | 229.30M | -255.68M | -392.19M | -376.54M | -298.72M | -213.93M | -40.21M | -33.43M | 0.00 | -94.17M | -12.21M | -55.49M | -36.84M |
| Operating Expenses | 433.58M | -64.56M | -231.20M | -237.24M | -182.51M | -105.20M | 6.36M | 4.53M | 4.33M | -53.63M | 17.08M | -30.80M | -21.09M |
| Cost & Expenses | 433.58M | -64.56M | -231.20M | -237.24M | -182.51M | -105.20M | 6.36M | 4.53M | 4.33M | -53.63M | 17.08M | -30.80M | -21.09M |
| Interest Income | 688.28M | 444.47M | 361.21M | 288.41M | 227.98M | 162.64M | 103.47M | 57.27M | 34.45M | 20.51M | 15.30M | 11.73M | 8.74M |
| Interest Expense | 342.97M | 116.97M | 64.43M | 93.69M | 87.90M | 54.60M | 25.44M | 14.62M | 8.86M | 5.85M | 4.52M | 3.63M | 2.74M |
| Depreciation & Amortization | 21.27M | 20.78M | 21.37M | 21.69M | 19.97M | 16.39M | 10.28M | 4.20M | 3.44M | 2.16M | 1.46M | 673.00K | 331.00K |
| EBITDA | 104.10M | 231.11M | 232.15M | 69.08M | 42.83M | 62.43M | 108.53M | 21.47M | 37.83M | 17.06M | 29.44M | 15.47M | 14.64M |
| EBITDA Ratio | 87.12% | 88.83% | 52.53% | 24.27% | 21.09% | 56.86% | 75.56% | 27.73% | 44.88% | 33.08% | 58.90% | 40.37% | 45.58% |
| Operating Income | 103.47M | 327.30M | 210.79M | 47.39M | 23.47M | 100.65M | 123.69M | 31.84M | 43.28M | 23.29M | 32.58M | 19.72M | 17.05M |
| Operating Income Ratio | 86.59% | 83.52% | 47.69% | 16.65% | 11.39% | 48.90% | 69.77% | 24.46% | 41.58% | 30.28% | 56.38% | 39.03% | 44.71% |
| Total Other Income/Expenses | -20.64M | -116.97M | -4.90M | -14.69M | -7.89M | -2.68M | 63.66M | -24.66M | -26.00K | 352.00K | 4.11M | -673.00K | 0.00 |
| Income Before Tax | 82.83M | 210.32M | 210.79M | 47.39M | 23.47M | 46.05M | 98.25M | 17.21M | 34.40M | 17.44M | 27.94M | 14.80M | 14.31M |
| Income Before Tax Ratio | 69.32% | 53.67% | 47.69% | 16.65% | 11.39% | 22.37% | 55.42% | 13.22% | 33.04% | 22.67% | 48.35% | 29.29% | 37.53% |
| Income Tax Expense | 8.93M | 34.12M | 43.79M | -12.15M | 5.43M | -5.40M | -2.25M | 3.44M | 13.80M | 7.39M | -120.00K | -1.30M | 0.00 |
| Net Income | 73.90M | 176.21M | 167.00M | 59.54M | 18.03M | 51.45M | 100.50M | 13.77M | 20.63M | 10.05M | 28.06M | 16.10M | 14.31M |
| Net Income Ratio | 61.84% | 44.97% | 37.78% | 20.92% | 8.76% | 24.99% | 56.68% | 10.58% | 19.81% | 13.06% | 48.56% | 31.85% | 37.53% |
| EPS | 1.67 | 4.33 | 3.87 | 1.46 | 0.45 | 1.28 | 2.75 | 0.40 | 0.66 | 0.35 | 0.98 | 0.41 | 0.50 |
| EPS Diluted | 1.64 | 4.22 | 3.71 | 1.43 | 0.44 | 1.24 | 2.65 | 0.39 | 0.65 | 0.34 | 0.96 | 0.41 | 0.49 |
| Weighted Avg Shares Out | 44.35M | 41.77M | 43.17M | 40.68M | 40.22M | 40.06M | 36.59M | 34.20M | 31.08M | 28.62M | 28.62M | 23.97M | 28.62M |
| Weighted Avg Shares Out (Dil) | 45.09M | 41.77M | 45.07M | 41.77M | 41.05M | 41.45M | 37.86M | 35.09M | 31.97M | 29.36M | 29.36M | 24.42M | 29.36M |
Live Oak Ventures Participates in Financing of Sunbound, Inc.
WILMINGTON, N.C., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Sunbound Inc., a provider of automated financial operations solutions for the senior housing industry.
Sunbound Expands Reach with Live Oak Ventures Investment, Supporting Growth in Senior Living Sector
New Partnership to Fuel Financial Innovations, Delivering Flexible Solutions to Operators and Families WASHINGTON, Dec. 4, 2024 /PRNewswire/ -- Sunbound, a leader in finance solutions for senior living, announced an investment from Live Oak Ventures, a wholly owned subsidiary of...
WARRIOR RISING ANNOUNCES ENHANCED CAPITAL READINESS CAPABILITY FOR VETERAN ENTREPRENEURS
Warrior Expands Access to Capital for Veteran-Owned Businesses Through Alliances with Parlay and Live Oak Bank and Acquisition of Launch Plan ™ SALT LAKE CITY , Nov. 12, 2024 /PRNewswire/ -- Warrior Rising, a national 501c3 non-profit organization dedicated to empowering...
Live Oak Bancshares: Loan Originations Spike, But Credit Risk Worries
Live Oak Bancshares' stock dropped 18.82% post-Q3 2024 results, likely due to profit-taking and unmet high expectations despite strong loan demand and profitability. Q3 2024 highlights include a 50% QoQ jump in loan production, 8.86% average yield on new loans,...
Live Oak Bancshares, Inc. (LOB) Q3 2024 Earnings Call Transcript
Live Oak Bancshares, Inc. (NYSE:LOB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Greg Seward - General Counsel and Chief Risk Officer Chip Mahan - Chairman and Chief Executive Officer BJ Losch - President...
Live Oak Bancshares (LOB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Live Oak Bancshares (LOB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall...
Live Oak Bancshares (LOB) Lags Q3 Earnings Estimates
Live Oak Bancshares (LOB) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.88 per share a year ago.
Live Oak Bancshares, Inc. Reports Third Quarter 2024 Results
WILMINGTON, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported third quarter of 2024 net income of $13.0 million, or $0.28 per diluted share.
Live Oak Ventures Participates in Financing of Synply, Inc.
WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks.
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2024 Financial Results
WILMINGTON, N.C., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (“Live Oak”) (NYSE: LOB) today announced that it will report its third quarter 2024 financial results after U.S. financial markets close on Wednesday, October 23, 2024.
Source: https://incomestatements.info
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