LOB
Live Oak Bancshares, Inc.35.51
+0.20+0.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Reaffirms momentum, details credit AI
Q&A largely reaffirmed the scripted story of loan growth, deposit momentum, and PPNR gains, but drilled into credit with nonaccruals up to 73 bps in SBA—yet past dues held at proud 14 bps—and proactive charge-offs normalizing. Management outlined their shutdown playbook, pulling $900 million in PLPs to protect Q4 production with minimal expected hit. AI pilots stole the show: origination platforms ingesting docs for spreads and market analysis, plus employee-built agents boosting efficiency without headcount cuts. No competition easing spotted; stress lingers in low-pricing-power verticals. Past dues? Just 14 bps. Bullish outlook endures; watch AI leverage and credit cycle fade.
Key Stats
Market Cap
1.63BP/E (TTM)
23.83Basic EPS (TTM)
1.49Dividend Yield
0%Recent Filings
8-K
8-K
Live Oak declares common, preferred dividends
10-Q
Q3 FY2025 results
Live Oak Bancshares powered through Q3 with net interest income jumping 19% y/y to $115M, fueled by loan growth outpacing deposit costs, while provision for credit losses plunged 36% y/y to $22M amid moderating specific reserves. Diluted EPS doubled to $0.55 from $0.28, reconciling cleanly to 46.2M shares; net gains on loan sales rose 25% y/y on higher volumes. Cash swelled to $892M on $1.5B deposit inflows, borrowings ticked down to $105M with $3.9B unused capacity, bolstered by $96M Series A preferred issuance in August (redeemable post-2030). Loans hit $11.6B, but nonperformers climbed to 4% of held-for-investment book. Elevated charge-offs strain small business borrowers.
8-K
Cash flow restatement announced
Live Oak Bancshares disclosed on November 10, 2025, that its cash flow statements in the FY2024 10-K and Q1/Q2 2025 10-Qs require restatement due to misclassification of loan participation sale proceeds between operating and investing activities. No impact on cash balances, income, balance sheets, or key metrics like regulatory capital and net income. Material weakness identified in internal controls. Restatements due November 17; remediation expected by 2025 10-K filing.
8-K
Q3 profit up, assets soar
Live Oak Bancshares posted Q3 net income of $25.6M, or $0.55/share, fueled by $1.65B loan production and $696M deposit growth that swelled assets 6% QoQ to $14.67B. Net interest income rose 5.7% while provision expense fell; $96.3M preferred stock raised capital. Assets hit record highs. Post-quarter, Apiture sale yielded ~$24M pre-tax gain.
IPO
Website
Employees
Sector
Industry
BANC
Banc of California, Inc.
19.65-0.06
LARK
Landmark Bancorp Inc.
28.74+0.02
LC
LendingClub Corporation
18.98-0.09
NKSH
National Bankshares, Inc.
33.71+0.29
NWBI
Northwest Bancshares, Inc.
12.71-0.07
OAKV
OAK VIEW BANKSHARES INC.
14.00+0.00
OBK
Origin Bancorp, Inc.
39.16+0.09
ONB
Old National Bancorp
22.89-0.10
OPBK
OP Bancorp
14.79-0.09
OVLY
Oak Valley Bancorp (CA)
30.80+0.20