For the year ending 2025-12-31, LOB had $256,104K increase in cash & cash equivalents over the period. $143,486K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | 105,643 | 77,417 |
| Depreciation and amortization | 30,398 | 23,282 |
| Provision for credit losses | 96,303 | 96,212 |
| (accretion) amortization of (discount) premium on securities, net of accretion | 609 | 721 |
| Deferred tax benefit | -12,368 | -11,420 |
| Originations of loans held for sale | 1,306,231 | 1,037,474 |
| Proceeds from sales of loans held for sale | 1,259,906 | 1,040,444 |
| Net gains on sale of loans held for sale | 62,420 | 60,899 |
| Net (gain) loss on impairment and sale of foreclosed assets | - | 249 |
| Net loss (gain) on impairment and sale of foreclosed assets | -84 | - |
| Net (gain) loss on loans accounted for under fair value option | 1,216 | 2,403 |
| Net change in servicing assets | 7,011 | 7,553 |
| Net gain on sale or disposal of long lived asset | 0 | 9,079 |
| Net loss on disposal of premises and equipment | -3,766 | -113 |
| Impairment on premises and equipment, net | 0 | 0 |
| Equity method investments (income) loss | 17,387 | -10,921 |
| Equity security investments (gains) losses, net | 5,733 | 553 |
| Net loss (gain) on equity warrant assets | -5,558 | 5,962 |
| Renewable energy tax credit investment impairment | 735 | 530 |
| Stock option compensation expense | 0 | 0 |
| Restricted stock compensation expense | 26,210 | 26,205 |
| Stock based compensation excess tax (deficiency) benefit | -942 | 1,085 |
| Business combination contingent consideration fair value adjustment | 0 | -125 |
| Lease right-of-use assets and liabilities, net | 25 | -150 |
| Other assets | -22,848 | 12,284 |
| Other liabilities | 20,733 | 18,014 |
| Net cash provided by operating activities | 158,242 | 145,651 |
| Purchases of investment securities available-for-sale | 301,169 | 269,631 |
| Proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale | 172,133 | 151,435 |
| Proceeds from sale of foreclosed assets | 9,389 | 8,322 |
| Maturities of certificates of deposit with other banks | 0 | 0 |
| Purchases of loans previously sold | - | 116,903 |
| Net change in loans and leases | 1,842,407 | 1,444,625 |
| Proceeds from sale of long lived asset | 0 | 43,598 |
| Purchases of equity security investments | 5,308 | 7,020 |
| Purchases of equity method investments | 5,058 | 8,458 |
| Proceeds from sale of equity security investments | 10,960 | 1,901 |
| Proceeds from sale of equity method investments | 67,665 | 1,361 |
| Proceeds from sale of premises and equipment | 4,361 | 1,043 |
| Purchases of premises and equipment, net | 14,756 | 49,307 |
| Net cash used in investing activities | -1,904,190 | -1,688,284 |
| Net increase in deposits | 1,928,165 | 1,485,475 |
| Proceeds from borrowings | 161 | 99,703 |
| Repayment of borrowings | 10,577 | 10,237 |
| Stock option exercises | 2,976 | 2,311 |
| Employee stock purchase program | 1,221 | 1,449 |
| Proceeds from the issuance of preferred stock, net | 96,266 | - |
| Tax withholding related to vesting of restricted stock and other | 7,625 | 8,926 |
| Contributions of non-controlling interest | 0 | 4,523 |
| Shareholder dividend distributions - preferred | 3,047 | - |
| Shareholder dividend distributions | - | 5,405 |
| Shareholder dividend distributions - common | 5,488 | - |
| Net cash provided by financing activities | 2,002,052 | 1,568,893 |
| Net increase in cash and cash equivalents | 256,104 | 26,260 |
| Cash and cash equivalents, beginning | 608,800 | 582,540 |
| Cash and cash equivalents, ending | 864,904 | 608,800 |
Live Oak Bancshares, Inc. (LOB)
Live Oak Bancshares, Inc. (LOB)