For the quarter ending 2025-09-30, LOB had $229,690K increase in cash & cash equivalents over the period. -$236,329K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|
| Net income | 26,466 | 33,055 | 77,417 |
| Depreciation and amortization | 6,672 | 13,758 | 23,282 |
| Provision for credit losses | 22,242 | 52,216 | 96,212 |
| Accretion of discount on securities, net | 215 | 230 | 721 |
| Deferred tax expense (benefit) | 4,420 | -843 | -11,420 |
| Originations of loans held for sale | 347,844 | 697,086 | 1,037,474 |
| Proceeds from sales of loans held for sale | 71,160 | 924,481 | 1,040,444 |
| Net gains on sale of loans held for sale | 20,868 | 40,289 | 60,899 |
| Net (gain) loss on impairment and sale of foreclosed assets | - | - | 249 |
| Net (gain) loss on impairment or sale of foreclosed assets | 45 | -12 | - |
| Net loss (gain) on loans accounted for under fair value option | -350 | 48 | 2,403 |
| Net change in servicing assets | 2,132 | 4,215 | 7,553 |
| Net gain on sale or disposal of long lived asset | - | - | 9,079 |
| Net gain on disposal of long-lived assets | 0 | 0 | - |
| Net loss on disposal of property and equipment | -395 | -3,122 | -113 |
| Impairment on premises and equipment, net | - | - | 0 |
| Equity method investments loss (income) | -1,470 | -4,955 | -10,921 |
| Equity security investments (gains) losses, net | 18 | 1,024 | 553 |
| Loss (gain) on equity warrant assets | -400 | -419 | 5,962 |
| Renewable energy tax credit investment impairment | - | - | 530 |
| Stock option compensation expense | - | - | 0 |
| Renewable energy tax credit investment impairment (recovery) | 336 | 270 | - |
| Restricted stock compensation expense | 5,902 | 13,612 | 26,205 |
| Stock based compensation excess tax (deficiency) benefit | -445 | -224 | 1,085 |
| Business combination contingent consideration fair value adjustment | - | - | -125 |
| Lease right-of-use assets and liabilities, net | 17 | -7 | -150 |
| Other assets | 7,042 | -15,288 | 12,284 |
| Other liabilities | 4,219 | -4,090 | 18,014 |
| Net cash provided by operating activities | -234,594 | 313,146 | 145,651 |
| Purchases of investment securities available-for-sale | 82,234 | 126,937 | 269,631 |
| Proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale | 46,755 | 77,572 | 151,435 |
| Proceeds from sale of foreclosed assets | 2,310 | 827 | 8,322 |
| Maturities of certificates of deposit with other banks | - | - | 0 |
| Purchases of loans previously sold | 40,122 | 45,257 | 116,903 |
| Loan and lease originations and principal collections, net | 246,684 | 984,384 | 1,444,625 |
| Proceeds from sale of long-lived asset | 0 | 0 | 43,598 |
| Purchases of equity security investments | 460 | 4,471 | 7,020 |
| Purchases of equity method investments | 721 | 3,060 | 8,458 |
| Proceeds from sale of equity security investments | 349 | 359 | 1,901 |
| Proceeds from sale of equity method investments | 137 | 385 | 1,361 |
| Proceeds from sale of premises and equipment | 0 | 4,361 | 1,043 |
| Contributions of non-controlling interest | - | - | 4,523 |
| Purchases of premises and equipment, net | 1,735 | 3,719 | 49,307 |
| Shareholder dividend distributions | - | 2,736 | 5,405 |
| Net cash used by investing activities | -322,405 | -1,084,324 | -1,688,284 |
| Net increase in deposits | 695,933 | 834,296 | 1,485,475 |
| Proceeds from borrowings | 39 | 84 | 99,703 |
| Repayment of borrowings | 2,653 | 5,245 | 10,237 |
| Stock option exercises | 951 | 1,546 | 2,311 |
| Employee stock purchase program | 562 | 659 | 1,449 |
| Proceeds from the issuance of preferred stock, net | 96,266 | - | - |
| Tax withholding related to vesting of restricted stock and other | 2,080 | 3,471 | 8,926 |
| Shareholder dividend distributions - preferred | 954 | - | - |
| Shareholder dividend distributions - common | 4,111 | - | - |
| Net cash provided by financing activities | 786,689 | 825,133 | 1,568,893 |
| Net increase in cash and cash equivalents | 229,690 | 53,955 | 26,260 |
| Cash and cash equivalents at beginning of period | 608,800 | - | 582,540 |
| Cash and cash equivalents at end of period | 892,445 | - | 608,800 |
Live Oak Bancshares, Inc. (LOB)
Live Oak Bancshares, Inc. (LOB)