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Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also provides commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company offers settlement, accounting, and securitization services for government guaranteed loans; financing for renewable energy application industry; strategic wealth and investment management services to high-net-worth individuals and families; and investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies. Live Oak Bancshares, Inc. was founded in 2008 and is headquartered in Wilmington, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $541M | - | $106M | $143M | 8.4% | 12.4% | 36.7% |
| 2024 | $482M | - | $77M | $107M | 7.7% | 13.1% | 4.8% |
| 2023 | $426M | - | $74M | $138M | 8.2% | 8.7% | -58.1% |
| 2022 | $392M | - | $176M | $-344M | 21.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 391.86 | 425.85 | 481.69 | 541.23 |
| Pretax Income | 210.32 | 82.83 | 89.23 | 142.81 |
| Tax Provision | 34.12 | 8.93 | 11.82 | 37.17 |
| Net Income | 176.21 | 73.90 | 77.47 | 105.87 |
| Net Income Common Stockholders | 176.21 | 73.90 | 77.47 | 102.82 |
| Interest Expense | 116.97 | 342.97 | 436.47 | 460.11 |
| Interest Income | 444.47 | 688.27 | 812.37 | 908.47 |
| Selling General And Administration | 191.12 | 198.32 | 196.69 | 216.33 |
| Normalized Income | 176.21 | 73.90 | 77.47 | 105.87 |
| Basic EPS | 4.02 | 1.67 | 1.72 | 2.25 |
| Diluted EPS | 3.92 | 1.64 | 1.69 | 2.23 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.16 | 0.11 | 0.13 | 0.26 |
| Net Income From Continuing Operation Net Minority Interest | 176.21 | 73.90 | 77.47 | 105.87 |
| Reconciled Depreciation | 20.78 | 21.27 | 23.28 | 30.40 |
| Net Interest Income | 327.50 | 345.31 | 375.90 | 448.36 |
| Net Income From Continuing And Discontinued Operation | 176.21 | 73.90 | 77.47 | 105.87 |
| Diluted Average Shares | 44.91 | 45.09 | 45.82 | 46.04 |
| Basic Average Shares | 43.86 | 44.35 | 45.01 | 45.70 |
| Diluted NI Availto Com Stockholders | 176.21 | 73.90 | 77.47 | 102.82 |
| Preferred Stock Dividends | 0 | 0 | 0 | 3.05 |
| Minority Interests | 0 | 0 | 0.06 | 0.23 |
| Net Income Including Noncontrolling Interests | 176.21 | 73.90 | 77.42 | 105.64 |
| Net Income Continuous Operations | 176.21 | 73.90 | 77.42 | 105.64 |
| Gain On Sale Of Security | -12.86 | -15.61 | 0.02 | 5 |
| Selling And Marketing Expense | 10.54 | 12.56 | 11.15 | 12.22 |
| General And Administrative Expense | 180.58 | 185.76 | 185.54 | 204.11 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 9.76 | 16.67 | 10.84 | 14.67 |
| Salaries And Wages | 170.82 | 169.09 | 174.71 | 189.44 |
| Operating Revenue | 391.86 | 425.85 | 481.69 | 541.23 |
| Occupancy And Equipment | 26.21 | 23.49 | 23.83 | 24.19 |
| Professional Expense And Contract Services Expense | 11.74 | 7.74 | 11.02 | 10.75 |
| Other Non Interest Expense | 55.77 | 56.16 | 53.79 | 68.22 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Live Oak Bancshares, Inc.this co. | LOB | $1.7B | 14.44↓ discount | 1.51 | 8.4% | - |
| Federal Agricultural Mortgage Corporation | AGM | $1.9B | 10.38 | 1.55 | 12.1% | - |
| EZCORP, Inc. | EZPW | $1.8B | 17.93 | 1.92 | 10.7% | 11.17 |
| Triumph Financial, Inc. | TFIN | $1.8B | 63.42 | 1.79 | 2.8% | - |
| Fidelis Insurance Holdings Limited | FIHL |
| $1.8B |
| 9.90 |
| 0.84 |
| 9.4% |
| - |
| Northwest Bancshares, Inc. | NWBI | $1.8B | 15.41 | 1.03 | 6.7% | - |
| Walker & Dunlop, Inc. | WD | $1.8B | 31.36 | 1.02 | 3.2% | 11.37 |
| 1st Source Corporation | SRCE | $1.7B | 11.13 | 1.39 | - | - |
| National Bank Holdings Corporation | NBHC | $1.6B | 17.37 | 1.37 | 7.9% | - |
| Peer Median | - | 16.39 | 1.38 | 7.9% | 11.27 | |