lob: the income statement

MyFinsight

For the quarter ending 2025-06-30, LOB made $468,898K in revenue. $23,428K in net income. Net profit margin of 5.00%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-06-30
Deposits	113,380
Borrowings	1,683
Total interest expense	115,063
Other interest earning assets	8,123
Investment securities, taxable	11,648
Loans and fees on loans	204,513
Total interest income	224,284
Net interest income	109,221
Provision for credit losses	23,252
Net interest income after provision for credit losses	85,969
Other noninterest income	4,904
Equity method investments (loss) income	-2,716
Net gains on sales of loans	21,641
Net gain (loss) on loans accounted for under the fair value option	1,082
Lease income	3,103
Management fee income	0
Loan servicing revenue	8,565
Loan servicing asset revaluation	-3,057
Equity security investments gains, net	1,004
Total noninterest income	34,526
Travel expense	2,576
Professional services expense	2,874
Other expense	6,161
Occupancy expense	2,369
Advertising and marketing expense	4,420
Salaries and employee benefits	49,137
Technology expense	10,066
Fdic insurance	3,545
Equipment expense	3,685
Other loan origination and maintenance expense	4,190
Renewable energy tax credit investment (recovery) impairment	270
Total noninterest expense	89,293
Income before taxes	31,202
Income tax expense	7,815
Net income	23,387
Net loss attributable to non-controlling interest	-41
Net income attributable to live oak bancshares, inc	23,428

Basic earnings per share (in dollars per share)	0.51
Diluted earnings per share (in dollars per share)	0.51
Total weighted-average diluted shares outstanding (in shares)	45,795,608
Weighted-average basic shares outstanding (in shares)	45,634,741