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Live Oak Bancshares, Inc.

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Live Oak Bancshares, Inc. • NYSE
$31.92 ▼ -0.78% (-0.25)
Market Cap $1.46 B
52w High $47.90
52w Low $22.68
Dividend Yield 0.12%
P/E 21.42
Volume 122.62K
Outstanding Shares 45.86M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $231.428M ▼ $193.05M ▲ $26.516M ▲ 11.458% ▲ $0.56 ▲ $38.378M ▲
Q2-2025 $257.066M ▲ $87.549M ▲ $23.428M ▲ 9.114% ▲ $0.51 ▲ $37.986M ▲
Q1-2025 $236.34M ▼ $81.671M ▲ $9.717M ▼ 4.111% ▼ $0.21 ▼ $20.106M ▲
Q4-2024 $239.916M ▲ $78.012M ▲ $9.9M ▼ 4.126% ▼ $0.22 ▼ $19.88M ▼
Q3-2024 $238.274M $73.995M $13.025M 5.466% $0.28 $24.148M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.266B ▲ $14.666B ▲ $13.463B ▲ $1.198B ▲
Q2-2025 $1.391B ▼ $13.831B ▲ $12.764B ▲ $1.063B ▲
Q1-2025 $1.446B ▲ $13.596B ▲ $12.564B ▲ $1.027B ▲
Q4-2024 $634.394M ▼ $12.943B ▲ $11.94B ▲ $999.03M ▼
Q3-2024 $1.9B $12.607B $11.6B $1.008B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-16.788M ▼ $-313.146M ▼ $1.336B ▲ $786.689M ▲ $1.809B ▲ $-309.427M ▼
Q2-2025 $23.387M ▲ $208.169M ▲ $-485.06M ▲ $195.383M ▼ $-81.508M ▼ $206.744M ▲
Q1-2025 $9.668M ▼ $104.977M ▼ $-599.264M ▼ $629.75M ▲ $135.463M ▲ $102.683M ▼
Q4-2024 $9.843M ▼ $170.685M ▼ $-586.223M ▲ $357.753M ▼ $-57.785M ▼ $166.667M ▼
Q3-2024 $13.025M $191.014M $-828.596M $688.718M $51.136M $184.607M

Five-Year Company Overview

Income Statement

Income Statement Live Oak has grown its revenue steadily over the past five years, showing that its lending and fee businesses are expanding. However, profits have been much more volatile. Earnings peaked a few years ago and then fell back as costs, credit conditions, and likely funding pressures weighed on margins. Profitability is now recovering but still sits well below prior highs. In short, growth is strong, but earnings quality is more up-and-down, which is common for a fast‑growing, specialized bank in a shifting rate and credit environment.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, with total assets rising as the bank has extended more loans and deepened its footprint. At the same time, equity has built up steadily, which points to a stronger capital base and more capacity to absorb shocks. Debt levels have moved sharply lower over time, suggesting a cleaner, less leveraged balance sheet. Cash resources have grown, adding a cushion for liquidity needs. Overall, the financial foundation looks stronger and more conservative today than it did several years ago.

Cash Flow

Cash Flow Cash generation has improved notably. A few years ago, operating cash flow was negative or only modestly positive, reflecting heavy investment and balance sheet build‑out. More recently, operating and free cash flow have turned solidly positive, showing that the business model is now converting its growth into real cash. Investment spending on technology and infrastructure appears steady and manageable relative to cash generation. This shift from cash drain to cash producer is an important sign of maturation, though future credit cycles can still swing cash flows for a lender.

Competitive Edge

Competitive Edge Live Oak occupies a distinctive niche among regional banks. It focuses on specific small‑business verticals where it has deep expertise and is a leading lender in government‑backed small business programs. Its branchless, technology‑driven model keeps costs lower than traditional banks and allows it to serve customers nationwide. The custom technology stack and history with cloud banking software give it an edge in speed and user experience. On the risk side, its concentration in small businesses and certain industries, dependence on technology partners, and exposure to regulatory and competitive pressures from both banks and fintechs all need ongoing attention.

Innovation and R&D

Innovation and R&D Innovation is a core part of Live Oak’s identity. It operates on a modern, cloud‑based core system, builds and integrates software through an API‑first approach, and has a track record of creating bank technology strong enough to spin out as independent companies. Its venture arm provides early access to new fintech solutions and potential product partners. The move into embedded banking and Banking‑as‑a‑Service is ambitious and could deepen customer relationships and deposits if executed well. The flip side is that these digital and partnership‑heavy strategies come with execution, technology, cybersecurity, and regulatory risks that must be carefully managed.

Summary

Live Oak is a high‑growth, tech‑forward regional bank that has deliberately built a differentiated model around small‑business lending and digital infrastructure. Revenue and assets have climbed steadily, capital is stronger, leverage is lower, and cash flow has improved, all of which point to a more resilient platform than a few years ago. At the same time, earnings have been choppy, reflecting the realities of rapid growth, shifting interest rates, and credit risk in a small‑business‑focused portfolio. Its technology and specialization provide a clear competitive edge, but they also introduce complexity and regulatory and execution risks. Overall, Live Oak stands out as an innovative bank with a stronger balance sheet and maturing cash generation, balanced by earnings volatility and the inherent cyclicality and concentration risks in its chosen markets.

NEWS

November 26, 2025 · 9:30 AM UTC

LOB Investors Have Opportunity to Join Live Oak Bancshares, Inc. Fraud Investigation with the Schall Law Firm

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November 24, 2025 · 1:18 AM UTC

LOB Investors Have Opportunity to Join Live Oak Bancshares, Inc. Fraud Investigation with the Schall Law Firm

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November 20, 2025 · 10:00 AM UTC

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Live Oak Bancshares, Inc. - LOB

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November 19, 2025 · 10:35 AM UTC

LOB Investors Have Opportunity to Join Live Oak Bancshares, Inc. Fraud Investigation with the Schall Law Firm

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November 18, 2025 · 10:28 PM UTC

LOB Investors Have Opportunity to Join Live Oak Bancshares, Inc. Fraud Investigation With the Schall Law Firm

Read more