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Live Oak Q1 2025 Earnings Report
Live Oak Bancshares, Inc. reported a decrease in net income and diluted earnings per share for the first quarter of 2025 compared to the previous quarter, despite strong loan and deposit growth.
Key Takeaways
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.
Net income attributable to Live Oak Bancshares, Inc. was $9.7 million, or $0.21 per diluted share, for Q1 2025.
Total revenue for Q1 2025 was $126.113 million, a 1.5% decline from Q4 2024.
Record first quarter production of $1.40 billion was achieved, accompanied by strong deposit growth of $635.5 million.
Provision expense for credit losses increased to $29.0 million, driven by loan growth and a challenging macroeconomic environment.
Live Oak
Live Oak
Live Oak Revenue by Segment
Revenue by Segment
Loan servicing Revenue
CapyFin.comNet gains on sales of loans Revenue
CapyFin.comLease income Revenue
CapyFin.comOther noninterest income Revenue
CapyFin.comNet (loss) gain on loans accounted for under the fair value option Revenue
CapyFin.comEquity method investments (loss) income Revenue
CapyFin.comEquity security investments (losses) gains, net Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward-looking financial guidance in this press release. However, it highlighted its commitment to supporting small businesses amidst economic uncertainty.
Positive Outlook
- Strong growth across lending and deposit franchises.
- Unwavering dedication to supporting small businesses.
- Continued focus on providing capital to entrepreneurs to create jobs and drive innovation.
- Positive momentum in non-interest bearing deposit growth.
- Positive momentum in small dollar loan production.
Challenges Ahead
- Navigating the current small business credit cycle.
- Operating in a backdrop of economic uncertainty.
- Elevated interest rates placing financial strain on some small business borrowers.
- Inflationary pressures placing financial strain on some small business borrowers.
- Potential for continued challenging macroeconomic environment.