Live Oak Bancshares, Inc. (LOB) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Live Oak Bancshares reported revenue of $577.8M, up 15.6% from $499.7M the year before. Net income was $105.9M (a 18.3% net margin), or $2.23 per diluted share. Net interest income was $448.4M, and the efficiency ratio (noninterest expense / revenue) was 58.6%. Operating activities generated $158.2M of cash, leaving $143.5M of free cash flow. At fiscal year end, Live Oak Bancshares held $15.13B in total assets against $13.88B in total liabilities.
Open the full interactive Live Oak Bancshares financials → Quarterly statements, key ratios, valuation history and price charts.
Live Oak Bancshares Key Stats
| Share Price | $34.68 |
|---|---|
| Market Cap | $1.62B |
| P/E Ratio | 15.6 |
| Revenue YoY Growth | +15.6% |
| 52-Week Range | $29.31 – $43.73 |
| Shares Outstanding | 46.3 million (basic, 2026 Q2) |
Live Oak Bancshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $194.7M | $296.8M | $327.5M | $345.3M | $375.9M | $448.4M |
| Provision for Credit Losses | $40.7M | $15.2M | $40.9M | $51.3M | $96.2M | $96.3M |
| Noninterest Income | $86.0M | $160.2M | $238.0M | $111.7M | $123.8M | $129.5M |
| Noninterest Expense | $192.7M | $231.0M | $314.2M | $322.9M | $314.2M | $338.7M |
| Revenue | $280.7M | $457.0M | $565.5M | $457.0M | $499.7M | $577.8M |
| Pre-Tax Income | $47.4M | $210.8M | $210.3M | $82.8M | $89.2M | $142.8M |
| Income Tax | -$12.2M | $43.8M | $34.1M | $8.9M | $11.8M | $37.2M |
| Net Income | $59.5M | $167.0M | $176.2M | $73.9M | $77.5M | $105.9M |
| Diluted EPS | $1.43 | $3.71 | $3.92 | $1.64 | $1.69 | $2.23 |
Live Oak Bancshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $146.1M | $161.9M | $145.5M | $156.1M |
| Net Income | $26.5M | $46.2M | $30.0M | $36.8M |
| Diluted EPS | $0.55 | $1.00 | $0.60 | $0.74 |
Live Oak Bancshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $5.09B | $5.46B | $7.25B | $8.51B | $10.07B | $11.78B |
| Total Assets | $7.87B | $8.21B | $9.86B | $11.27B | $12.94B | $15.13B |
| Deposits | $5.71B | $7.11B | $8.88B | $10.28B | $11.76B | $13.69B |
| Total Long-Term Debt | $1.54B | $318.3M | $83.2M | $23.4M | $112.8M | $102.4M |
| Total Liabilities | $7.30B | $7.50B | $9.04B | $10.37B | $11.94B | $13.88B |
| Shareholders' Equity | $567.9M | $715.1M | $811.0M | $902.7M | $999.0M | $1.25B |
Live Oak Bancshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$273.0M | -$119.7M | $124.5M | $620.1M | $536.5M | $158.2M |
| Cash From Investing | -$2.61B | -$149.8M | -$1.44B | -$1.77B | -$2.08B | -$1.90B |
| Cash From Financing | $2.98B | $154.9M | $1.53B | $1.32B | $1.57B | $2.00B |
| Free Cash Flow | -$294.0M | -$122.8M | $80.7M | $573.2M | $487.2M | $143.5M |
| Dividends Paid | $4.9M | $5.2M | $5.3M | $5.3M | $5.4M | — |
Figures from Live Oak Bancshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Live Oak Bancshares financials page for every line item.
Live Oak Bancshares Company Profile
| Ticker | LOB |
|---|---|
| Exchange | NYSE |
| Industry | State Commercial Banks |
| Headquarters | Wilmington, North Carolina |
| Incorporated in | North Carolina |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001462120 |
Frequently Asked Questions
What was Live Oak Bancshares' revenue in fiscal 2025?
Live Oak Bancshares (LOB) reported revenue of $577.8M for fiscal 2025.
What is Live Oak Bancshares' annual revenue history?
Live Oak Bancshares' annual revenue by fiscal year: 2020: $280.7M; 2021: $457.0M; 2022: $565.5M; 2023: $457.0M; 2024: $499.7M; 2025: $577.8M.
What was Live Oak Bancshares' net income in fiscal 2025?
Live Oak Bancshares reported net income of $105.9M for fiscal 2025.
What was Live Oak Bancshares' earnings per share (EPS) in fiscal 2025?
Live Oak Bancshares' diluted EPS was $2.23 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Live Oak Bancshares generate in fiscal 2025?
Live Oak Bancshares generated $143.5M of free cash flow in fiscal 2025.
What was Live Oak Bancshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), Live Oak Bancshares reported revenue of $156.1M.
How much debt does Live Oak Bancshares have?
Live Oak Bancshares reported $102.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Live Oak Bancshares are outstanding?
Live Oak Bancshares reported a weighted average of 46.3 million basic shares outstanding in 2026 Q2.
What is Live Oak Bancshares' market cap?
Based on its latest closing price, Live Oak Bancshares (LOB) has a market capitalization of about $1.62B.
When does Live Oak Bancshares' fiscal year end?
Live Oak Bancshares' fiscal year end, as registered with the SEC, is December 31.
Where is Live Oak Bancshares headquartered?
Live Oak Bancshares lists its business address in Wilmington, North Carolina in its SEC filings.