For the quarter ending 2026-03-31, LOB-PA had -$48,769K decrease in cash & cash equivalents over the period. $85,337K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 29,947 | 46,122 | 59,521 | 77,417 |
| Depreciation and amortization | 6,940 | 9,968 | 20,430 | 23,282 |
| Provision for credit losses | 20,100 | 21,845 | 74,458 | 96,212 |
| Accretion of discount on securities, net | 155 | 164 | 445 | 721 |
| Deferred tax benefit | -598 | -15,945 | 3,577 | -11,420 |
| Originations of loans held for sale | 325,627 | 261,301 | 1,044,930 | 1,037,474 |
| Proceeds from sales of loans held for sale | 294,218 | 264,265 | 995,641 | 1,040,444 |
| Net gains on sale of loans held for sale | 15,425 | 1,263 | 61,157 | 60,899 |
| Net (gain) loss on impairment and sale of foreclosed assets | - | - | - | 249 |
| Net loss on impairment or sale of foreclosed assets | -140 | -117 | 33 | - |
| Net loss on loans accounted for under fair value option | -1,165 | 1,518 | -302 | 2,403 |
| Net change in servicing assets | 1,522 | 664 | 6,347 | 7,553 |
| Net gain on sale or disposal of long lived asset | - | 0 | 0 | 9,079 |
| Net loss on disposal of property and equipment | 0 | -249 | -3,517 | -113 |
| Impairment on premises and equipment, net | - | 0 | - | 0 |
| Proceeds received from government guaranteed receivables | 73,948 | - | - | - |
| Equity method investments loss (income) | -817 | 23,812 | -6,425 | -10,921 |
| Equity security investments (gains) losses, net | 0 | 4,691 | 1,042 | 553 |
| Net (gain) loss on equity warrant assets | 26 | -4,739 | -819 | 5,962 |
| Renewable energy tax credit investment impairment | - | 735 | - | 530 |
| Renewable energy tax credit investment impairment (recovery) | - | - | 606 | - |
| Stock option compensation expense | - | 0 | - | 0 |
| Restricted stock compensation expense | 6,880 | 6,696 | 19,514 | 26,205 |
| Stock based compensation excess tax deficiency | -48 | -273 | -669 | 1,085 |
| Business combination contingent consideration fair value adjustment | - | 0 | - | -125 |
| Lease right-of-use assets and liabilities, net | 26 | 15 | 10 | -150 |
| Other assets | -3,341 | -14,602 | -8,246 | 12,284 |
| Other liabilities | -6,685 | 20,604 | 129 | 18,014 |
| Net cash provided by (used in) operating activities | 87,384 | 79,690 | 78,552 | 145,651 |
| Purchases of investment securities available-for-sale | 58,702 | 91,998 | 209,171 | 269,631 |
| Proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale | 48,194 | 47,806 | 124,327 | 151,435 |
| Proceeds from sale of foreclosed assets | 227 | 6,252 | 3,137 | 8,322 |
| Maturities of certificates of deposit with other banks | - | 0 | - | 0 |
| Purchases of loans previously sold | - | - | 85,379 | 116,903 |
| Loan and lease originations and principal collections, net | 262,125 | 611,339 | 1,231,068 | 1,444,625 |
| Proceeds from sale of long lived asset | - | 0 | 0 | 43,598 |
| Purchases of equity security investments | 66 | 377 | 4,931 | 7,020 |
| Purchases of equity method investments | 0 | 1,277 | 3,781 | 8,458 |
| Proceeds from sale of equity security investments | 358 | 10,252 | 708 | 1,901 |
| Proceeds from sale of equity method investments | 759 | 67,143 | 522 | 1,361 |
| Proceeds from sale of premises and equipment | 0 | 0 | 4,361 | 1,043 |
| Purchases of premises and equipment, net | 2,047 | 9,302 | 5,454 | 49,307 |
| Net cash used by investing activities | -273,402 | -497,461 | -1,406,729 | -1,688,284 |
| Net increase in deposits | 146,399 | 397,936 | 1,530,229 | 1,485,475 |
| Proceeds from borrowings | 36 | 38 | 123 | 99,703 |
| Repayment of borrowings | 2,694 | 2,679 | 7,898 | 10,237 |
| Stock option exercises | 499 | 479 | 2,497 | 2,311 |
| Employee stock purchase program | 484 | 0 | 1,221 | 1,449 |
| Proceeds from the issuance of preferred stock, net | - | 0 | 96,266 | - |
| Tax withholding related to vesting of restricted stock and other | 3,994 | 2,074 | 5,551 | 8,926 |
| Contributions of non-controlling interest | - | 0 | - | 4,523 |
| Shareholder dividend distributions - preferred | 2,094 | 2,093 | 954 | - |
| Shareholder dividend distributions | - | - | - | 5,405 |
| Shareholder dividend distributions - common | 1,387 | 1,377 | 4,111 | - |
| Net cash provided by financing activities | 137,249 | 390,230 | 1,611,822 | 1,568,893 |
| Net increase in cash and cash equivalents | -48,769 | -27,541 | 283,645 | 26,260 |
| Cash and cash equivalents, beginning | 864,904 | -283,645 | 608,800 | 582,540 |
| Cash and cash equivalents, ending | 816,135 | -27,541 | 892,445 | 608,800 |
Live Oak Bancshares, Inc. (LOB-PA)
Live Oak Bancshares, Inc. (LOB-PA)