Live Oak Earnings Reports

Live Oak Bancshares, Inc. reported net income attributable to the Company of $9.7 million, or $0.21 per diluted share, for the first quarter of 2025. This represents a decrease from the fourth quarter of 2024, primarily due to a decline in pre-provision net revenue and increased provision expense for credit losses, despite strong loan and deposit growth.

Live Oak Bancshares reported a net income of $9.9 million, or $0.22 per diluted share, for the fourth quarter of 2024. The company experienced a record year of loan production and strong deposit growth, which contributed to a 9% growth in revenue for the full year.

Live Oak Bancshares reported a net income of $13.0 million, or $0.28 per diluted share, for the third quarter of 2024. The company experienced historic production levels and positive operating leverage.

Live Oak Bancshares reported a net income of $27.0 million, or $0.59 per diluted share, for the second quarter of 2024. The company saw growth in loans, deposits, and revenue, driven by its focus on serving small businesses and maintaining a strong credit portfolio.

Live Oak Bancshares reported a net income of $16.5 million, or $0.36 per diluted share, for the first quarter of 2024. The company saw growth in its loan and lease portfolio and total deposits, while also managing noninterest expenses effectively.

Live Oak Bancshares reported a fourth-quarter net income of $16.2 million, or $0.36 per diluted share. The company's loan and lease portfolio reached $9.02 billion, with total deposits increasing to $10.28 billion. Net interest income increased to $89.6 million, while noninterest income decreased to $30.1 million.

Live Oak Bancshares reported a strong third quarter with a net income of $39.8 million, or $0.88 per diluted share. The company saw growth in total revenue, driven by increases in both net interest income and noninterest income. Loan and lease originations were up 24.6% from the previous quarter, and total deposits increased to $10.00 billion.

Live Oak Bancshares, Inc. reported a net income of $17.5 million, or $0.39 per diluted share, for the second quarter of 2023. The company's digital lending and deposit franchise demonstrated strength, driving value and innovation for small business customers.

Live Oak Bancshares, Inc. reported first quarter 2023 net income of $398 thousand, or $0.01 per diluted share. The company experienced continued deposit growth and a record first quarter for production.

Live Oak Bancshares reported a mixed fourth quarter in 2022. While loan originations remained strong at over $1 billion, net income decreased significantly compared to the previous quarter and the same period last year. Total revenue also saw a decrease, while noninterest expenses increased, impacting overall profitability.

Live Oak Bancshares reported a strong third quarter with a net income of $42.9 million, or $0.96 per diluted share, driven by capital gains from a fintech investment.

Live Oak Bancshares reported a strong second quarter with net income of $97.0 million, driven by a significant gain from the sale of its Finxact investment. Loan and lease originations remained robust, and total deposits increased, reflecting continued growth and strategic initiatives.

Live Oak Bancshares reported a net income of $34.5 million, or $0.76 per diluted share, for the first quarter of 2022. The company continues to focus on soundness, profitability, and growth, sustaining the momentum of its franchise with strong balance sheet growth and credit quality.

Live Oak Bancshares reported a strong fourth quarter in 2021, with net earnings available to common shareholders of $30.1 million, or $0.66 per diluted share. The company exceeded $1.0 billion in loan originations for three consecutive quarters and experienced year-over-year organic growth of 32% in total loans outside of PPP and 24% in total deposits. Live Oak also launched its small business checking account on a next-generation platform.

Live Oak Bancshares, Inc. reported net earnings available to common shareholders of $33.8 million, or $0.76 per diluted share, for the third quarter of 2021. Loan originations exceeded $1.0 billion during the quarter. The company successfully completed the conversion of deposit customers to a next-generation platform.

Live Oak Bancshares reported a strong second quarter in 2021, with net earnings available to common shareholders of $63.6 million, or $1.41 per diluted share, including a pretax gain of $44.1 million from an investment in Greenlight Financial Technologies.

Live Oak Bancshares reported a net income of $39.4 million, or $0.88 per diluted share, for the first quarter of 2021. The company saw strong loan and lease originations of $1.2 billion and growth in net income due to a focus on small business solutions and financial technology.

Live Oak Bancshares reported a strong fourth quarter in 2020, with net earnings available to common shareholders of $29.6 million, or $0.68 per diluted share. The company grew assets by $3 billion in 2020 and significantly increased net income. Loan and lease originations totaled $808.0 million during the fourth quarter of 2020.

Live Oak Bancshares reported a strong third quarter in 2020, with net income significantly increasing to $33.8 million, or $0.81 per diluted share, compared to $3.9 million, or $0.09 per diluted share, in the third quarter of 2019. The quarter benefited from nearly $1 billion in loan and lease originations and non-cash gains from financial technology investments.

Live Oak Bancshares, Inc. reported a net income of $3.8 million, or $0.09 per diluted share, for the second quarter of 2020. The results were impacted by the COVID-19 pandemic, but the company delivered over $1.7 billion in loans through the Paycheck Protection Program.

Live Oak Bancshares reported a net loss of $7.6 million, or $(0.19) per diluted share, for the first quarter of 2020, compared to net earnings of $2.4 million, or $0.06 per diluted share, for the first quarter of 2019. The results were significantly impacted by risks and uncertainties related to the COVID-19 pandemic.

Live Oak Bancshares reported a net income of $6.8 million, or $0.17 per diluted share, for the fourth quarter of 2019. The company saw strength across all key metrics and total assets grew by more than $1 billion.