| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Loans and fees on loans | 211,599 | 204,513 | ||
| Investment securities, taxable | 12,175 | 11,648 | ||
| Other interest earning assets | 7,654 | 8,123 | ||
| Total interest income | 231,428 | 224,284 | ||
| Deposits | 114,266 | 113,380 | ||
| Borrowings | 1,677 | 1,683 | ||
| Total interest expense | 115,943 | 115,063 | ||
| Net interest income | 115,485 | 109,221 | ||
| Provision for credit losses | 22,242 | 23,252 | ||
| Net interest income after provision for credit losses | 93,243 | 85,969 | ||
| Loan servicing revenue | 8,812 | 8,565 | ||
| Loan servicing asset revaluation | -4,360 | -3,057 | ||
| Net gains on sales of loans | 20,868 | 21,641 | ||
| Net (loss) gain on loans accounted for under the fair value option | -350 | 1,082 | ||
| Equity method investments (loss) income | -1,470 | -2,716 | ||
| Equity security investments gains, net | 18 | 1,004 | ||
| Lease income | 2,179 | 3,103 | ||
| Management fee income | 0 | 0 | ||
| Other noninterest income | 4,917 | 4,904 | ||
| Total noninterest income | 30,614 | 34,526 | ||
| Salaries and employee benefits | 52,817 | 49,137 | ||
| Travel expense | 2,480 | 2,576 | ||
| Professional services expense | 1,999 | 2,874 | ||
| Advertising and marketing expense | 1,839 | 4,420 | ||
| Occupancy expense | 2,339 | 2,369 | ||
| Technology expense | 10,234 | 10,066 | ||
| Equipment expense | 3,320 | 3,685 | ||
| Other loan origination and maintenance expense | 4,777 | 4,190 | ||
| Renewable energy tax credit investment impairment (recovery) | 336 | 270 | ||
| Fdic insurance | 3,643 | 3,545 | ||
| Other expense | 3,501 | 6,161 | ||
| Total noninterest expense | 87,285 | 89,293 | ||
| Income before taxes | 36,572 | 31,202 | ||
| Income tax expense | 10,106 | 7,815 | ||
| Net income | 26,466 | 23,387 | ||
| Net loss attributable to non-controlling interest | -50 | -41 | ||
| Net income attributable to live oak bancshares, inc | 26,516 | 23,428 | ||
| Preferred stock dividends | 954 | - | ||
| Net income attributable to common shareholders | 25,562 | - | ||
| Basic earnings per share (in dollars per share) | 0.56 | 0.51 | ||
| Diluted earnings per share (in dollars per share) | 0.55 | 0.51 | ||
| Total weighted-average diluted shares outstanding (in shares) | 46,216,958 | 45,795,608 | ||
| Weighted-average basic shares outstanding (in shares) | 45,780,794 | 45,634,741 | ||
Live Oak Bancshares, Inc. (LOB)
Live Oak Bancshares, Inc. (LOB)