Live Oak Bancshares Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Live Oak Bancshares Inc's revenue surged 18.0% year-over-year to $812.4M, reflecting rapid business expansion. This strong growth earns a score of 80/100.
Live Oak Bancshares Inc has elevated debt relative to equity (D/E of 11.95), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Live Oak Bancshares Inc has a free cash flow margin of 11.9%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.
Live Oak Bancshares Inc's ROE of 7.8% shows moderate profitability relative to equity, earning a score of 31/100. This is down from 8.2% the prior year.
Live Oak Bancshares Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Live Oak Bancshares Inc generates $1.88 in operating cash flow ($145.7M OCF vs $77.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Live Oak Bancshares Inc (LOB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Live Oak Bancshares Inc generated $812.4M in revenue in fiscal year 2024. This represents an increase of 18.0% from the prior year.
Live Oak Bancshares Inc generated $96.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 26.1% from the prior year.
Live Oak Bancshares Inc reported $77.5M in net income in fiscal year 2024. This represents an increase of 4.8% from the prior year.
Live Oak Bancshares Inc earned $1.69 per diluted share (EPS) in fiscal year 2024. This represents an increase of 3.0% from the prior year.
Live Oak Bancshares Inc held $608.8M in cash against $0 in long-term debt as of fiscal year 2024.
Live Oak Bancshares Inc paid $0.12 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Live Oak Bancshares Inc's net profit margin was 9.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.
Live Oak Bancshares Inc's ROE was 7.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.
Live Oak Bancshares Inc invested $49.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 5.3% from the prior year.
LOB Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $231.4M+3.2% | $224.3M+5.2% | $213.1M+0.3% | $212.6M+7.1% | $198.4M+3.1% | $192.4M+3.2% | $186.5M+3.3% | $180.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $115.9M+0.8% | $115.1M+2.2% | $112.6M-2.2% | $115.1M+7.4% | $107.1M+4.7% | $102.3M+5.5% | $97.0M+6.3% | $91.2M |
| Income Tax | $10.1M+29.3% | $7.8M+125.6% | $3.5M+2.3% | $3.4M-62.8% | $9.1M+266.0% | -$5.5M-514.8% | $1.3M-55.5% | $3.0M |
| Net Income | $26.5M+13.2% | $23.4M+141.1% | $9.7M-1.8% | $9.9M-63.3% | $27.0M-2.3% | $27.6M+70.7% | $16.2M-59.4% | $39.8M |
| EPS (Diluted) | $0.55+7.8% | $0.51+142.9% | $0.21-4.5% | $0.22-62.7% | $0.59-1.7% | $0.60+66.7% | $0.36-59.1% | $0.88 |
LOB Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.7B+6.0% | $13.8B+1.7% | $13.6B+5.0% | $12.9B+9.1% | $11.9B+3.2% | $11.5B+2.1% | $11.3B+2.9% | $11.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $892.4M+34.7% | $662.8M-11.0% | $744.3M+22.3% | $608.8M-1.1% | $615.4M+3.0% | $597.4M+2.5% | $582.5M+8.9% | $534.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | $1.8M | N/A | N/A | $1.8M | N/A |
| Total Liabilities | $13.5B+5.5% | $12.8B+1.6% | $12.6B+5.2% | $11.9B+9.5% | $10.9B+3.1% | $10.6B+2.0% | $10.4B+2.7% | $10.1B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B+12.7% | $1.1B+3.5% | $1.0B+2.8% | $999.0M+4.0% | $961.0M+3.6% | $927.7M+2.8% | $902.7M+6.2% | $850.4M |
| Retained Earnings | $770.8M+3.3% | $746.5M+3.1% | $724.2M+1.2% | $715.8M+3.0% | $695.2M+3.9% | $669.3M+4.1% | $642.8M+2.4% | $627.8M |
LOB Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $62.3M+26.5% | $49.2M+249.3% | -$33.0M-185.6% | $38.5M+30.5% | $29.5M-2.1% | $30.2M+111.1% | -$272.7M-276.0% | $154.9M |
| Capital Expenditures | $1.7M+21.8% | $1.4M-37.9% | $2.3M-42.9% | $4.0M-76.6% | $17.2M-20.6% | $21.7M+0.3% | $21.6M+161.5% | $8.3M |
| Free Cash Flow | $60.6M+26.6% | $47.8M+235.6% | -$35.3M-202.2% | $34.5M+180.2% | $12.3M+45.1% | $8.5M+102.9% | -$294.3M-300.7% | $146.6M |
| Investing Cash Flow | -$619.3M-89.9% | -$326.1M+29.3% | -$461.3M-1.6% | -$454.1M-37.1% | -$331.2M-52.0% | -$218.0M-500.6% | $54.4M+109.9% | -$548.7M |
| Financing Cash Flow | $786.7M+302.6% | $195.4M-69.0% | $629.8M+76.0% | $357.8M+11.9% | $319.8M+57.8% | $202.7M-23.8% | $266.0M+120.9% | $120.4M |
| Dividends Paid | $1.4M+0.4% | $1.4M+0.1% | $1.4M+0.8% | $1.4M+0.4% | $1.4M+0.4% | $1.3M+0.7% | $1.3M+0.2% | $1.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LOB Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 11.5%+1.0pp | 10.4%+5.9pp | 4.6%-0.1pp | 4.7%-8.9pp | 13.6%-0.8pp | 14.3%+5.7pp | 8.7%-13.4pp | 22.0% |
| Return on Equity | 2.2%+0.0pp | 2.2%+1.3pp | 0.9%-0.0pp | 1.0%-1.8pp | 2.8%-0.2pp | 3.0%+1.2pp | 1.8%-2.9pp | 4.7% |
| Return on Assets | 0.2%+0.0pp | 0.2%+0.1pp | 0.1%-0.0pp | 0.1%-0.1pp | 0.2%0.0pp | 0.2%+0.1pp | 0.1%-0.2pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 11.24-0.8 | 12.01-0.2 | 12.23+0.3 | 11.95+0.6 | 11.35-0.1 | 11.40-0.1 | 11.49-0.4 | 11.88 |
| FCF Margin | 26.2%+4.8pp | 21.3%+37.9pp | -16.6%-32.8pp | 16.2%+10.0pp | 6.2%+1.8pp | 4.4%+162.2pp | -157.8%-238.9pp | 81.2% |
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Frequently Asked Questions
What is Live Oak Bancshares Inc's annual revenue?
Live Oak Bancshares Inc (LOB) reported $812.4M in total revenue for fiscal year 2024. This represents a 18.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Live Oak Bancshares Inc's revenue growing?
Live Oak Bancshares Inc (LOB) revenue grew by 18% year-over-year, from $688.3M to $812.4M in fiscal year 2024.
Is Live Oak Bancshares Inc profitable?
Yes, Live Oak Bancshares Inc (LOB) reported a net income of $77.5M in fiscal year 2024, with a net profit margin of 9.5%.
What is Live Oak Bancshares Inc's earnings per share (EPS)?
Live Oak Bancshares Inc (LOB) reported diluted earnings per share of $1.69 for fiscal year 2024. This represents a 3.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Live Oak Bancshares Inc's net profit margin?
Live Oak Bancshares Inc (LOB) had a net profit margin of 9.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Live Oak Bancshares Inc pay dividends?
Yes, Live Oak Bancshares Inc (LOB) paid $0.12 per share in dividends during fiscal year 2024.
What is Live Oak Bancshares Inc's return on equity (ROE)?
Live Oak Bancshares Inc (LOB) has a return on equity of 7.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Live Oak Bancshares Inc's free cash flow?
Live Oak Bancshares Inc (LOB) generated $96.3M in free cash flow during fiscal year 2024. This represents a -26.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Live Oak Bancshares Inc's operating cash flow?
Live Oak Bancshares Inc (LOB) generated $145.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Live Oak Bancshares Inc's total assets?
Live Oak Bancshares Inc (LOB) had $12.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Live Oak Bancshares Inc's capital expenditures?
Live Oak Bancshares Inc (LOB) invested $49.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Live Oak Bancshares Inc's debt-to-equity ratio?
Live Oak Bancshares Inc (LOB) had a debt-to-equity ratio of 11.95 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Live Oak Bancshares Inc's return on assets (ROA)?
Live Oak Bancshares Inc (LOB) had a return on assets of 0.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Live Oak Bancshares Inc's Piotroski F-Score?
Live Oak Bancshares Inc (LOB) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Live Oak Bancshares Inc's earnings high quality?
Live Oak Bancshares Inc (LOB) has an earnings quality ratio of 1.88x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Live Oak Bancshares Inc?
Live Oak Bancshares Inc (LOB) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.