Live Oak Bancshares, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Live Oak Bancshares, Inc. reported net income of 105.9M (+36.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans and fees on loans | $830.6M | $744.8M | $623.7M | $418.5M |
| Investment securities, taxable | $47.6M | $38.4M | $33.5M | $19.7M |
| Other interest earning assets | $30.3M | $29.1M | $31.1M | $6.3M |
| Total interest income | $908.5M | $812.4M | $688.3M | $444.5M |
| Deposits | $453.4M | $430.9M | $340.2M | $115.0M |
| Borrowings | $6.7M | $5.6M | $2.8M | $1.9M |
| Total interest expense | $460.1M | $436.5M | $343.0M | $117.0M |
| Net interest income | $448.4M | $375.9M | $345.3M | $327.5M |
| Provision for credit losses | $96.3M | $96.2M | $51.3M | $40.9M |
| Net interest income after provision for credit losses | $352.1M | $279.7M | $294.0M | $286.6M |
| Loan servicing revenue | $34.9M | $31.5M | $27.4M | $25.4M |
| Loan servicing asset revaluation | ($16.1M) | ($12.2M) | $4.9M | ($16.6M) |
| Net gains on sales of loans | $62.4M | $60.9M | $46.5M | $43.2M |
| Net gain (loss) on loans accounted for under the fair value option | $1.2M | $2.4M | ($3.5M) | $1.0M |
| Equity method investments income (loss) | $17.4M | ($10.9M) | ($6.0M) | $144.3M |
| Equity security investments gains (losses), net | $5.7M | $553.0K | ($969.0K) | $3.4M |
| Lease income | $10.1M | $9.8M | $10.0M | $10.1M |
| Management fee income | $0 | $7.7M | $13.3M | $10.1M |
| Other noninterest income | $13.8M | $34.1M | $20.1M | $17.1M |
| Total noninterest (loss) income | $129.5M | $123.8M | $111.7M | $238.0M |
| Salaries and employee benefits | $189.4M | $183.3M | $175.1M | $170.8M |
| Travel expense | $7.0M | $9.7M | $8.9M | $8.5M |
| Professional services expense | $10.8M | $11.0M | $7.7M | $11.7M |
| Advertising and marketing expense | $12.2M | $11.1M | $12.6M | $10.5M |
| Occupancy expense | $9.8M | $10.0M | $8.5M | $11.1M |
| Technology expense | $42.9M | $34.2M | $31.9M | $28.4M |
| Equipment expense | $14.4M | $13.8M | $15.0M | $15.1M |
| Other loan origination and maintenance expense | $18.5M | $17.3M | $14.8M | $13.2M |
| Renewable energy tax credit investment impairment | $735.0K | $530.0K | $14.6M | $16.2M |
| FDIC insurance | $14.7M | $10.8M | $16.7M | $9.8M |
| Other expense | $18.2M | $12.4M | $17.2M | $12.4M |
| Total noninterest expense | $338.7M | $314.2M | $322.9M | $314.2M |
| Income before taxes | $142.8M | $89.2M | $82.8M | $210.3M |
| Income tax expense | $37.2M | $11.8M | $8.9M | $34.1M |
| Net income | $105.6M | $77.4M | — | — |
| Net loss attributable to non-controlling interest | $228.0K | $57.0K | — | — |
| Net income attributable to Live Oak Bancshares, Inc. | 105.9M | 77.5M | 73.9M | 176.2M |
| Preferred stock dividends | $3.0M | — | — | — |
| Net income attributable to common shareholders | $102.8M | — | — | — |
| Basic earnings per share (in dollars per share) | $2.25 | $1.72 | $1.67 | $4.02 |
| Diluted earnings per share (in dollars per share) | $2.23 | $1.69 | $1.64 | $3.92 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans and fees on loans | $221.7M | $214.1M | $211.6M | $204.5M |
| Investment securities, taxable | $13.4M | $13.0M | $12.2M | $11.6M |
| Other interest earning assets | $6.6M | $6.7M | $7.7M | $8.1M |
| Total interest income | $241.7M | $233.9M | $231.4M | $224.3M |
| Deposits | $114.8M | $112.8M | $114.3M | $113.4M |
| Borrowings | $1.6M | $1.6M | $1.7M | $1.7M |
| Total interest expense | $116.4M | $114.5M | $115.9M | $115.1M |
| Net interest income | $125.3M | $119.4M | $115.5M | $109.2M |
| Provision for credit losses | $25.8M | $20.1M | $22.2M | $23.3M |
| Net interest income after provision for credit losses | $99.5M | $99.3M | $93.2M | $86.0M |
| Loan servicing revenue | $9.2M | $9.1M | $8.8M | $8.6M |
| Loan servicing asset revaluation | ($4.3M) | ($3.5M) | ($4.4M) | ($3.1M) |
| Net gains on sales of loans | $17.6M | $15.4M | $20.9M | $21.6M |
| Net gain (loss) on loans accounted for under the fair value option | $291.0K | ($1.2M) | ($350.0K) | $1.1M |
| Equity method investments income (loss) | $74.0K | ($817.0K) | ($1.5M) | ($2.7M) |
| Equity security investments gains, net | $0 | $0 | $18.0K | $1.0M |
| Lease income | $2.2M | $2.1M | $2.2M | $3.1M |
| Other noninterest income | $5.7M | $4.9M | $4.9M | $4.9M |
| Total noninterest income | $30.8M | $26.1M | $30.6M | $34.5M |
| Salaries and employee benefits | $48.8M | $49.4M | $52.8M | $49.1M |
| Travel expense | $1.9M | $1.5M | $2.5M | $2.6M |
| Professional services expense | $2.9M | $2.5M | $2.0M | $2.9M |
| Advertising and marketing expense | $2.7M | $3.1M | $1.8M | $4.4M |
| Occupancy expense | $2.4M | $2.4M | $2.3M | $2.4M |
| Technology expense | $9.6M | $9.7M | $10.2M | $10.1M |
| Equipment expense | $3.7M | $3.7M | $3.3M | $3.7M |
| Other loan origination and maintenance expense | $4.9M | $5.9M | $4.8M | $4.2M |
| Renewable energy tax credit investment impairment | $26.0K | — | — | — |
| FDIC insurance | $4.8M | $4.4M | $3.6M | $3.5M |
| Other expense | $2.8M | $2.7M | $3.5M | $6.2M |
| Total noninterest expense | $84.5M | $85.3M | $87.3M | $89.3M |
| Income before taxes | $45.8M | $40.1M | $36.6M | $31.2M |
| Income tax expense | $9.1M | $10.1M | $10.1M | $7.8M |
| Net income | $36.7M | $29.9M | $26.5M | $23.4M |
| Net loss attributable to non-controlling interest | $91.0K | $93.0K | $50.0K | $41.0K |
| Net income attributable to Live Oak Bancshares, Inc. | 36.8M | 30.0M | 26.5M | 23.4M |
| Preferred stock dividends | $2.1M | $2.1M | $954.0K | — |
| Net income attributable to common shareholders | $34.7M | $27.9M | $25.6M | — |
| Basic earnings per share (in dollars per share) | $0.75 | $0.61 | $0.56 | $0.51 |
| Diluted earnings per share (in dollars per share) | $0.74 | $0.60 | $0.55 | $0.51 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $864.9M | $608.8M | $582.5M | $280.2M |
| Certificate of deposit with other banks | $250.0K | $250.0K | $250.0K | $4.0M |
| Investment securities available-for-sale | $1.4B | $1.2B | $1.1B | $1.0B |
| Loans held for sale | $420.1M | $346.0M | $387.0M | $554.6M |
| Loans and leases held for investment (includes $260,625 and $328,746 measured at fair value, respectively) | $12.0B | $10.2B | $8.6B | $7.3B |
| Allowance for credit losses on loans and leases | ($192.3M) | ($167.5M) | ($125.8M) | ($96.6M) |
| Net loans and leases | $11.8B | $10.1B | $8.5B | $7.2B |
| Premises and equipment, net | $240.2M | $264.1M | $257.9M | $263.3M |
| Foreclosed assets | $8.2M | $1.9M | $6.5M | $0 |
| Servicing assets (includes $62,941 and $55,788 measured at fair value, respectively) | $63.2M | $56.1M | $48.6M | — |
| Other assets | $329.2M | $352.1M | $354.5M | $328.3M |
| Total assets | $15.1B | $12.9B | $11.3B | $9.9B |
| Noninterest-bearing | $515.1M | $318.9M | $259.3M | $194.1M |
| Interest-bearing | $13.2B | $11.4B | $10.0B | $8.7B |
| Total deposits | $13.7B | $11.8B | $10.3B | $8.9B |
| Borrowings | $102.4M | $112.8M | $23.4M | $83.2M |
| Other liabilities | $89.6M | $66.6M | $70.4M | $76.3M |
| Total liabilities | $13.9B | $11.9B | $10.4B | $9.0B |
| Series A Preferred stock, no par value, 1,000,000 shares authorized, 100,000 shares and 0 shares, issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 96.3M | 0 | 0 | 0 |
| Common stock | $388.4M | $365.6M | $344.6M | $330.9M |
| Retained earnings | $809.9M | $715.8M | $642.8M | $572.5M |
| Accumulated other comprehensive loss | ($44.7M) | ($82.3M) | ($84.7M) | ($92.3M) |
| Total shareholders' equity attributed to Live Oak Bancshares, Inc. | 1.2B | 999.0M | 902.7M | 811.0M |
| Non-controlling interest | $4.2M | $4.5M | — | — |
| Total shareholders’ equity | $1.3B | $1.0B | — | — |
| Total liabilities and shareholders’ equity | $15.1B | $12.9B | $11.3B | $9.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $927.6M | $816.1M | $892.4M | $662.8M |
| Certificates of deposit with other banks | $250.0K | $250.0K | $250.0K | $250.0K |
| Investment securities available-for-sale | $1.5B | $1.4B | $1.4B | $1.3B |
| Loans held for sale | $511.8M | $435.3M | $360.7M | $350.8M |
| Loans and leases held for investment (includes $232,088 and $260,625 measured at fair value, respectively) | $12.6B | $12.2B | $11.6B | $11.0B |
| Allowance for credit losses on loans and leases | ($193.4M) | ($193.3M) | ($185.7M) | ($182.2M) |
| Net loans and leases | $12.4B | $12.0B | $11.4B | $10.8B |
| Premises and equipment, net | $231.2M | $235.3M | $241.1M | $246.5M |
| Foreclosed assets | $11.0M | $12.0M | $11.0M | $6.3M |
| Servicing assets (includes $66,575 and $62,941 measured at fair value, respectively) | $66.7M | $64.7M | $62.5M | $60.4M |
| Other assets | $384.2M | $336.8M | $355.5M | $347.2M |
| Total assets | $16.0B | $15.3B | $14.7B | $13.8B |
| Noninterest-bearing | $605.2M | $510.9M | $494.0M | $393.4M |
| Interest-bearing | $13.9B | $13.3B | $12.8B | $12.2B |
| Total deposits | $14.5B | $13.8B | $13.3B | $12.6B |
| Borrowings | $99.8M | $99.7M | $105.0M | $107.7M |
| Other liabilities | $73.9M | $83.5M | $67.6M | $61.5M |
| Total liabilities | $14.7B | $14.0B | $13.5B | $12.8B |
| Series A Preferred stock, no par value, 1,000,000 shares authorized, 100,000 shares issued and outstanding at June 30, 2026 and December 31, 2025 | 96.3M | 96.3M | 96.3M | 0 |
| Class A common stock, no par value, 100,000,000 shares authorized, 46,283,620 and 46,032,402 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 399.4M | 392.3M | 383.3M | 378.0M |
| Retained earnings | $869.8M | $836.4M | $770.8M | $746.5M |
| Accumulated other comprehensive loss | ($52.6M) | ($47.4M) | ($52.2M) | ($61.5M) |
| Total shareholders' equity attributed to Live Oak Bancshares, Inc. | 1.3B | 1.3B | 1.2B | 1.1B |
| Non-controlling interest | $4.1M | $4.1M | $4.3M | $4.4M |
| Total shareholders’ equity | $1.3B | $1.3B | $1.2B | $1.1B |
| Total liabilities and shareholders’ equity | $16.0B | $15.3B | $14.7B | $13.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $105.6M | $77.4M | $73.9M | $176.2M |
| Depreciation and amortization | $30.4M | $23.3M | $21.3M | $20.8M |
| Provision for credit losses | $96.3M | $96.2M | $51.3M | $40.9M |
| (Accretion) amortization of (discount) premium on securities, net of accretion | ($609.0K) | ($721.0K) | $8.0K | $3.4M |
| Deferred tax benefit | ($12.4M) | ($11.4M) | ($22.2M) | $27.1M |
| Originations of loans held for sale | ($1.3B) | ($1.0B) | ($877.1M) | ($1.0B) |
| Proceeds from sales of loans held for sale | $1.3B | $1.4B | $1.4B | $1.1B |
| Net gains on sale of loans held for sale | ($62.4M) | ($60.9M) | ($46.5M) | ($43.2M) |
| Net loss (gain) on impairment and sale of foreclosed assets | $84.0K | — | $751.0K | — |
| Net (gain) loss on loans accounted for under fair value option | ($1.2M) | ($2.4M) | $3.5M | ($1.0M) |
| Net change in servicing assets | ($7.0M) | ($7.6M) | ($22.3M) | $7.3M |
| Net gain on sale or disposal of long lived asset | $0 | ($9.1M) | ($4.4M) | — |
| Net loss on disposal of premises and equipment | $3.8M | $113.0K | $377.0K | $31.0K |
| Impairment on premises and equipment, net | $0 | $0 | $499.0K | $0 |
| Equity method investments (income) loss | ($17.4M) | $10.9M | $6.0M | ($144.3M) |
| Equity security investments (gains) losses, net | ($5.7M) | ($553.0K) | $969.0K | ($3.4M) |
| Net loss (gain) on equity warrant assets | $5.6M | ($6.0M) | — | — |
| Renewable energy tax credit investment impairment | $735.0K | $530.0K | $14.6M | $16.2M |
| Stock option compensation expense | $0 | $0 | $272.0K | $942.0K |
| Restricted stock compensation expense | $26.2M | $26.2M | $17.6M | $19.4M |
| Stock based compensation excess tax (deficiency) benefit | ($942.0K) | $1.1M | ($1.0M) | — |
| Business combination contingent consideration fair value adjustment | $0 | ($125.0K) | $125.0K | ($86.0K) |
| Lease right-of-use assets and liabilities, net | ($25.0K) | $150.0K | ($59.0K) | $232.0K |
| Other assets | $22.8M | ($12.3M) | $35.6M | ($15.9M) |
| Other liabilities | $20.7M | $18.0M | $4.0M | ($6.4M) |
| Net cash provided by operating activities | $158.2M | $536.5M | $620.1M | $124.5M |
| Purchases of investment securities available-for-sale | ($301.2M) | ($269.6M) | ($215.6M) | ($397.3M) |
| Proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale | $172.1M | $151.4M | $114.1M | $161.2M |
| Proceeds from sale of foreclosed assets | $9.4M | $8.3M | $0 | $1.8M |
| Maturities of certificates of deposit with other banks | $0 | $0 | $3.8M | $750.0K |
| Net change in loans and leases | ($1.8B) | ($1.8B) | ($1.6B) | ($1.3B) |
| Proceeds from sale of long lived asset | $0 | $43.6M | $18.6M | $0 |
| Purchases of equity security investments | ($5.3M) | ($7.0M) | ($3.4M) | ($9.3M) |
| Purchases of equity method investments | ($5.1M) | ($8.5M) | ($27.2M) | ($36.0M) |
| Proceeds from sale of equity security investments | $11.0M | $1.9M | $0 | $625.0K |
| Proceeds from sale of equity method investments | $67.7M | $1.4M | $7.6M | $148.4M |
| Proceeds from sale of premises and equipment | $4.4M | $1.0M | $100.0K | $0 |
| Purchases of premises and equipment, net | ($14.8M) | ($49.3M) | ($46.8M) | ($43.8M) |
| Net cash used in investing activities | ($1.9B) | ($2.1B) | ($1.8B) | ($1.4B) |
| Net increase in deposits | $1.9B | $1.5B | $1.4B | $1.8B |
| Proceeds from borrowings | $161.0K | $99.7M | $2.9B | $62.1M |
| Repayment of borrowings | ($10.6M) | ($10.2M) | ($3.0B) | ($297.2M) |
| Stock option exercises | $3.0M | $2.3M | $1.2M | $2.1M |
| Employee stock purchase program | $1.2M | $1.4M | $1.4M | $1.1M |
| Proceeds from the issuance of preferred stock, net | $96.3M | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $66.7M | $29.9M | $59.5M | $33.1M |
| Depreciation and amortization | $13.2M | $6.9M | $20.4M | $13.8M |
| Provision for credit losses | $45.9M | $20.1M | $74.5M | $52.2M |
| Accretion of discount on securities, net | ($365.0K) | ($155.0K) | ($445.0K) | ($230.0K) |
| Deferred tax benefit | ($7.4M) | ($598.0K) | $3.6M | ($843.0K) |
| Originations of loans held for sale | ($665.3M) | ($325.6M) | ($1.0B) | ($697.1M) |
| Proceeds from sales of loans held for sale | $633.7M | $294.2M | $995.6M | $924.5M |
| Net gains on sale of loans held for sale | ($33.0M) | ($15.4M) | ($61.2M) | ($40.3M) |
| Net loss on impairment or sale of foreclosed assets | $186.0K | $140.0K | ($33.0K) | $12.0K |
| Net loss (gain) on loans accounted for under fair value option | $874.0K | $1.2M | $302.0K | ($48.0K) |
| Net change in servicing assets | ($3.6M) | ($1.5M) | ($6.3M) | ($4.2M) |
| Purchase of transferable tax credits | ($23.0M) | — | — | — |
| Net loss on disposal of property and equipment | $238.0K | $0 | $3.5M | $3.1M |
| Proceeds received from government guaranteed receivables | $97.2M | $73.9M | — | — |
| Equity method investments loss (income) | $743.0K | $817.0K | $6.4M | $5.0M |
| Equity security investments (gains) losses, net | $0 | $0 | ($1.0M) | ($1.0M) |
| Net (gain) loss on equity warrant assets | ($77.0K) | ($26.0K) | $819.0K | $419.0K |
| Renewable energy tax credit investment impairment | $26.0K | — | — | — |
| Restricted stock compensation expense | $14.3M | $6.9M | $19.5M | $13.6M |
| Stock based compensation excess tax benefit (deficiency) | $104.0K | ($48.0K) | ($669.0K) | ($224.0K) |
| Lease right-of-use assets and liabilities, net | $22.0K | ($26.0K) | ($10.0K) | $7.0K |
| Other assets | ($3.9M) | $3.3M | $8.2M | $15.3M |
| Other liabilities | ($18.0M) | ($6.7M) | $129.0K | ($4.1M) |
| Net cash provided by operating activities | $118.6M | $87.4M | $78.6M | $313.1M |
| Purchases of investment securities available-for-sale | ($151.9M) | ($58.7M) | ($209.2M) | ($126.9M) |
| Proceeds from maturities, calls, and principal paydowns of investment securities available-for-sale | $101.4M | $48.2M | $124.3M | $77.6M |
| Proceeds from sale of foreclosed assets | $2.2M | $227.0K | $3.1M | $827.0K |
| Loan and lease originations and principal collections, net | ($850.3M) | ($262.1M) | ($1.2B) | ($984.4M) |
| Purchases of equity security investments | ($406.0K) | ($66.0K) | ($4.9M) | ($4.5M) |
| Purchases of equity method investments | ($380.0K) | $0 | ($3.8M) | ($3.1M) |
| Proceeds from sale of equity security investments | $391.0K | $358.0K | $708.0K | $359.0K |
| Proceeds from sale of equity method investments | $1.5M | $759.0K | $522.0K | $385.0K |
| Proceeds from sale of premises and equipment | $450.0K | $0 | $4.4M | $4.4M |
| Purchases of premises and equipment, net | ($4.9M) | ($2.0M) | ($5.5M) | ($3.7M) |
| Net cash used by investing activities | ($901.8M) | ($273.4M) | ($1.4B) | ($1.1B) |
| Net increase in deposits | $858.9M | $146.4M | $1.5B | $834.3M |
| Proceeds from borrowings | $71.0K | $36.0K | $123.0K | $84.0K |
| Repayment of borrowings | ($2.7M) | ($2.7M) | ($7.9M) | ($5.2M) |
| Stock option exercises | $595.0K | $499.0K | $2.5M | $1.5M |
| Employee stock purchase program | $484.0K | $484.0K | $1.2M | $659.0K |
| Tax withholding related to vesting of restricted stock and other | ($4.3M) | ($4.0M) | ($5.6M) | ($3.5M) |
| Shareholder dividend distributions - preferred | ($4.2M) | ($2.1M) | ($954.0K) | — |
| Shareholder dividend distributions - common | ($2.8M) | ($1.4M) | ($4.1M) | — |
| Net cash provided by financing activities | $846.0M | $137.2M | $1.6B | $825.1M |
| Net increase in cash and cash equivalents | $62.7M | ($48.8M) | $283.6M | $54.0M |
Live Oak Bancshares, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.