For the quarter ending 2025-09-30, LOB made $471,400,000 in revenue. $25,562,000 in net income. Net profit margin of 5.42%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | |
|---|---|---|---|---|
| Loans and fees on loans | 211,599,000 | 204,513,000 | 186,210,250 | |
| Investment securities, taxable | 12,175,000 | 11,648,000 | 9,603,250 | |
| Other interest earning assets | 7,654,000 | 8,123,000 | 7,279,500 | |
| Total interest income | 231,428,000 | 224,284,000 | 203,093,000 | |
| Deposits | 114,266,000 | 113,380,000 | 107,721,750 | |
| Borrowings | 1,677,000 | 1,683,000 | 1,395,000 | |
| Total interest expense | 115,943,000 | 115,063,000 | 109,116,750 | |
| Net interest income | 115,485,000 | 109,221,000 | 93,976,250 | |
| Provision for credit losses | 22,242,000 | 23,252,000 | 24,053,000 | |
| Net interest income after provision for credit losses | 93,243,000 | 85,969,000 | 69,923,250 | |
| Loan servicing revenue | 8,812,000 | 8,565,000 | 7,883,750 | |
| Loan servicing asset revaluation | -4,360,000 | -3,057,000 | -3,038,750 | |
| Net gains on sales of loans | 20,868,000 | 21,641,000 | 15,224,750 | |
| Net (loss) gain on loans accounted for under the fair value option | -350,000 | 1,082,000 | 600,750 | |
| Equity method investments (loss) income | -1,470,000 | -2,716,000 | -2,730,250 | |
| Equity security investments gains, net | 18,000 | 1,004,000 | 138,250 | |
| Lease income | 2,179,000 | 3,103,000 | 2,439,000 | |
| Management fee income | 0 | 0 | 1,914,500 | |
| Other noninterest income | 4,917,000 | 4,904,000 | 8,513,250 | |
| Total noninterest income | 30,614,000 | 34,526,000 | 30,945,250 | |
| Salaries and employee benefits | 52,817,000 | 49,137,000 | 45,817,000 | |
| Travel expense | 2,480,000 | 2,576,000 | 2,434,500 | |
| Professional services expense | 1,999,000 | 2,874,000 | 2,755,750 | |
| Advertising and marketing expense | 1,839,000 | 4,420,000 | 2,787,000 | |
| Occupancy expense | 2,339,000 | 2,369,000 | 2,500,000 | |
| Technology expense | 10,234,000 | 10,066,000 | 8,551,500 | |
| Equipment expense | 3,320,000 | 3,685,000 | 3,456,500 | |
| Other loan origination and maintenance expense | 4,777,000 | 4,190,000 | 4,313,500 | |
| Renewable energy tax credit investment impairment | - | - | 132,500 | |
| Renewable energy tax credit investment impairment (recovery) | 336,000 | 270,000 | - | |
| Fdic insurance | 3,643,000 | 3,545,000 | 2,708,750 | |
| Contributions and donations | - | - | 0 | |
| Other expense | 3,501,000 | 6,161,000 | 3,102,750 | |
| Total noninterest expense | 87,285,000 | 89,293,000 | 78,559,750 | |
| Income before taxes | 36,572,000 | 31,202,000 | 22,308,750 | |
| Income tax expense | 10,106,000 | 7,815,000 | 2,954,500 | |
| Net income | 26,466,000 | 23,387,000 | 19,354,250 | |
| Net loss attributable to non-controlling interest | -50,000 | -41,000 | - | |
| Net income attributable to live oak bancshares, inc | 26,516,000 | 23,428,000 | - | |
| Preferred stock dividends | 954,000 | - | - | |
| Net income attributable to common shareholders | 25,562,000 | - | - | |
| Basic earnings per share (in dollars per share) | 0.56 | 0.51 | 0.43 | |
| Diluted earnings per share (in dollars per share) | 0.55 | 0.51 | 0.423 | |
| Total weighted-average diluted shares outstanding (in shares) | 46,216,958 | 45,795,608 | 11,455,080.25 | |
| Weighted-average basic shares outstanding (in shares) | 45,780,794 | 45,634,741 | 11,252,391.75 | |
Live Oak Bancshares, Inc. (LOB)
Live Oak Bancshares, Inc. (LOB)