Live Oak Bancshares, Inc.LOB

Market cap

$1.4B

P/E ratio

	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Loans and fees on loans	33	55	100	147	208	271	348	419	624	745
Investment securities, taxable	1	1	1	9	15	15	13	20	33	38
Other interest earning assets	0	1	2	7	5	3	1	6	31	29
Total interest income	34	57	103	163	228	288	361	444	688	812
Deposits	7	14	24	54	88	90	60	115	340	431
Borrowings	1	1	1	0	0	4	5	2	3	6
Total interest expense	-	-	-	-	-	-	-	-	-	436
Net interest income	26	43	78	108	140	195	297	328	345	376
Provision for credit losses	-	-	-	-	-	41	15	41	51	96
Net interest income after provision for credit losses	22	30	68	95	121	154	282	287	294	280
Loan servicing revenue	-	-	-	-	28	27	25	25	27	32
Loan servicing asset revaluation	-	8	13	19	5	10	-12	-17	5	-12
Net gains on sales of loans	67	75	79	75	29	49	67	43	47	61
Fair Value, Option, Changes in Fair Value, Gain (Loss)	-	-	-	-	-	-13	4	1	-4	2
Equity method investments (loss) income	-0	-	-	-	-8	-15	-2	144	-6	-11
Equity security investments gains (losses), net	-	-	-	-	-	-	-	-	-1	1
Lease income	-	-	-	-	-	-	10	10	10	10
Management fee income	-	-	-	-	-	6	6	10	13	8
Other noninterest income	2	3	6	5	8	14	15	17	20	34
Total noninterest income	84	94	173	104	68	86	160	238	112	124
Labor and Related Expense	40	63	75	77	91	113	125	171	175	183
Travel expense	7	8	8	9	7	3	6	8	9	10
Professional Fees	3	3	5	5	7	6	15	12	8	11
Advertising and marketing expense	4	5	6	6	6	4	5	11	13	11
Occupancy, Net	-	-	-	7	8	9	8	11	8	10
Technology expense	4	5	8	12	9	12	18	28	32	34
Equipment expense	2	2	7	14	16	18	18	15	15	14
Other loan origination and maintenance expense	-	-	-	6	9	11	14	13	15	17
Renewable energy tax credit investment impairment	-	3	1	-	1	-	3	16	15	1
FDIC insurance	-	-	3	3	3	7	7	10	17	11
Contributions and donations	-	-	-	-	-	-	-	6	-	-
Other expense	6	9	12	10	8	10	12	12	17	12
Total noninterest expense	72	106	143	153	165	193	231	314	323	314
Income before taxes	34	17	98	46	23	47	211	210	83	89
Income tax expense	14	3	-2	-5	5	-12	44	34	9	12
Net income	21	14	100	51	18	60	167	176	74	77
Net loss attributable to non-controlling interest	-0	-0	-	-	-	-	-	-	-	-0
Net income attributable to Live Oak Bancshares, Inc.	21	14	100	51	18	60	167	176	74	77
Earnings Per Share, Basic	0.66	0.4	2.75	1.28	0.45	1.46	3.87	4.02	1.67	1.72
Earnings Per Share, Diluted	0.65	0.39	2.65	1.24	0.44	1.43	3.71	3.92	1.64	1.69