For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Loans and fees on loans | 830,580 | 744,841 | ||
| Investment securities, taxable | 47,591 | 38,413 | ||
| Other interest earning assets | 30,301 | 29,118 | ||
| Total interest income | 908,472 | 812,372 | ||
| Deposits | 453,413 | 430,887 | ||
| Borrowings | 6,701 | 5,580 | ||
| Total interest expense | 460,114 | 436,467 | ||
| Net interest income | 448,358 | 375,905 | ||
| Provision for credit losses | 96,303 | 96,212 | ||
| Net interest income after provision for credit losses | 352,055 | 279,693 | ||
| Loan servicing revenue | 34,902 | 31,535 | ||
| Loan servicing asset revaluation | -16,077 | -12,155 | ||
| Net gains on sales of loans | 62,420 | 60,899 | ||
| Net gain (loss) on loans accounted for under the fair value option | 1,216 | 2,403 | ||
| Equity method investments income (loss) | 17,387 | -10,921 | ||
| Equity security investments gains (losses), net | 5,733 | 553 | ||
| Lease income | 10,051 | 9,756 | ||
| Management fee income | 0 | 7,658 | ||
| Other noninterest income | 13,826 | 34,053 | ||
| Total noninterest (loss) income | 129,458 | 123,781 | ||
| Salaries and employee benefits | 189,435 | 183,268 | ||
| Travel expense | 7,031 | 9,738 | ||
| Professional services expense | 10,752 | 11,023 | ||
| Advertising and marketing expense | 12,222 | 11,148 | ||
| Occupancy expense | 9,762 | 10,000 | ||
| Technology expense | 42,948 | 34,206 | ||
| Equipment expense | 14,427 | 13,826 | ||
| Other loan origination and maintenance expense | 18,469 | 17,254 | ||
| Renewable energy tax credit investment impairment | 735 | 530 | ||
| Fdic insurance | 14,672 | 10,835 | ||
| Contributions and donations | - | 0 | ||
| Other expense | 18,245 | 12,411 | ||
| Total noninterest expense | 338,698 | 314,239 | ||
| Income before taxes | 142,815 | 89,235 | ||
| Income tax expense | 37,172 | 11,818 | ||
| Net income | 105,643 | 77,417 | ||
| Net loss attributable to non-controlling interest | -228 | - | ||
| Net income attributable to live oak bancshares, inc | 105,871 | - | ||
| Preferred stock dividends | 3,048 | - | ||
| Net income attributable to common shareholders | 102,823 | - | ||
| Basic EPS | 2.25 | 1.72 | ||
| Diluted EPS | 2.23 | 1.69 | ||
| Basic Average Shares | 45,701,364 | 45,009,567 | ||
| Diluted Average Shares | 46,042,790 | 45,820,321 | ||
Live Oak Bancshares, Inc. (LOB)
Live Oak Bancshares, Inc. (LOB)