For the quarter ending 2026-03-31, LOB 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 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 29,947 | 46,122 | 26,466 | 33,055 |
| Depreciation and amortization | 6,940 | 9,968 | 6,672 | 13,758 |
| Provision for credit losses | 20,100 | 21,845 | 22,242 | 52,216 |
| Accretion of discount on securities, net | 155 | 164 | 215 | 230 |
| Deferred tax benefit | -598 | -15,945 | 4,420 | -843 |
| Originations of loans held for sale | 325,627 | 261,301 | 347,844 | 697,086 |
| Proceeds from sales of loans held for sale | 294,218 | 264,265 | 71,160 | 924,481 |
| Net gains on sale of loans held for sale | 15,425 | 1,263 | 20,868 | 40,289 |
| Net gain on sale or disposal of long lived asset | - | 0 | 0 | 0 |
| Net loss on impairment or sale of foreclosed assets | -140 | -117 | 45 | -12 |
| Net loss on loans accounted for under fair value option | -1,165 | 1,518 | -350 | 48 |
| Net change in servicing assets | 1,522 | 664 | 2,132 | 4,215 |
| Net loss on disposal of property and equipment | 0 | -249 | -395 | -3,122 |
| Impairment on premises and equipment, net | - | 0 | - | - |
| Proceeds received from government guaranteed receivables | 73,948 | - | - | - |
| Equity method investments loss (income) | -817 | 23,812 | -1,470 | -4,955 |
| Equity security investments (gains) losses, net | 0 | 4,691 | 18 | 1,024 |
| Net (gain) loss on equity warrant assets | 26 | -4,739 | -400 | -419 |
| Renewable energy tax credit investment impairment | - | 735 | - | - |
| Renewable energy tax credit investment impairment (recovery) | - | - | 336 | 270 |
| Stock option compensation expense | - | 0 | - | - |
| Restricted stock compensation expense | 6,880 | 6,696 | 5,902 | 13,612 |
| Stock based compensation excess tax deficiency | -48 | -273 | -445 | -224 |
| Business combination contingent consideration fair value adjustment | - | 0 | - | - |
| Lease right-of-use assets and liabilities, net | 26 | 15 | 17 | -7 |
| Other assets | -3,341 | -14,602 | 7,042 | -15,288 |
| Other liabilities | -6,685 | 20,604 | 4,219 | -4,090 |
| Net cash provided by (used in) operating activities | 87,384 | 79,690 | -234,594 | 313,146 |
| Purchases of investment securities available-for-sale | 58,702 | 91,998 | 82,234 | 126,937 |
| Proceeds from sale of long lived asset | - | 0 | 0 | 0 |
| Proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale | 48,194 | 47,806 | 46,755 | 77,572 |
| Proceeds from sale of foreclosed assets | 227 | 6,252 | 2,310 | 827 |
| Purchases of loans previously sold | - | - | 40,122 | 45,257 |
| Maturities of certificates of deposit with other banks | - | 0 | - | - |
| Loan and lease originations and principal collections, net | 262,125 | 611,339 | 246,684 | 984,384 |
| Purchases of equity security investments | 66 | 377 | 460 | 4,471 |
| Purchases of equity method investments | 0 | 1,277 | 721 | 3,060 |
| Proceeds from sale of equity security investments | 358 | 10,252 | 349 | 359 |
| Proceeds from sale of equity method investments | 759 | 67,143 | 137 | 385 |
| Proceeds from sale of premises and equipment | 0 | 0 | 0 | 4,361 |
| Purchases of premises and equipment, net | 2,047 | 9,302 | 1,735 | 3,719 |
| Shareholder dividend distributions | - | - | - | 2,736 |
| Net cash used by investing activities | -273,402 | -497,461 | -322,405 | -1,084,324 |
| Net increase in deposits | 146,399 | 397,936 | 695,933 | 834,296 |
| Proceeds from borrowings | 36 | 38 | 39 | 84 |
| Repayment of borrowings | 2,694 | 2,679 | 2,653 | 5,245 |
| Stock option exercises | 499 | 479 | 951 | 1,546 |
| Employee stock purchase program | 484 | 0 | 562 | 659 |
| 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 | 2,080 | 3,471 |
| Contributions of non-controlling interest | - | 0 | - | - |
| Shareholder dividend distributions - preferred | 2,094 | 2,093 | 954 | - |
| Shareholder dividend distributions - common | 1,387 | 1,377 | 4,111 | - |
| Net cash provided by financing activities | 137,249 | 390,230 | 786,689 | 825,133 |
| Net increase in cash and cash equivalents | -48,769 | -27,541 | 229,690 | 53,955 |
| Cash and cash equivalents, beginning | 864,904 | -283,645 | 608,800 | - |
| Cash and cash equivalents, ending | 816,135 | -27,541 | 892,445 | - |
Live Oak Bancshares, Inc. (LOB)
Live Oak Bancshares, Inc. (LOB)