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Live Oak Bancshares (LOB)
NYSE:LOB
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.44Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -13.71%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strong operational performance with record loan production and significant deposit growth. However, challenges such as elevated provision expenses and net interest margin compression due to economic headwinds were acknowledged. The bank is optimistic about future growth, supported by investments in AI and technology.Company Guidance
During the Q4 2024 earnings call for Live Oak Bancshares, the executives provided comprehensive guidance highlighting significant growth metrics and future outlooks. The company reported strong loan production of $1.4 billion for the quarter, with an impressive 45% increase in loan originations compared to Q4 2023. The loan pipeline reached $3.6 billion, reflecting a 24% year-over-year increase. On the deposit front, checking balances grew by 46% sequentially, reaching approximately $215 million. The percentage of customers with both loan and deposit relationships with Live Oak increased to 14%, nearly triple from 18 months ago. Despite challenges like NIM compression and elevated provision expenses, the company maintained its core PPNR from Q3 2024 and achieved a 15% increase compared to the prior year. Looking ahead, the bank anticipates continued growth in its small dollar SBA 7(a) loan offering, expecting to more than double the $125 million closed in 2024, and aims to expand its checking account balances significantly. The executives emphasized the potential of AI to streamline operations and enhance customer service, positioning Live Oak as America’s small business bank.Record Loan Production
Live Oak Bancshares reported record loan production in 2024 totaling $5.2 billion, a 33% increase compared to 2023, with a strong start in 2025 supported by near all-time high loan pipelines.
Strong Deposit Growth
The bank achieved significant checking account growth, with balances increasing by 46% linked quarter to $212 million, and a 14% customer overlap between loan and deposit accounts.
Increased Loan Origination
Q4 2024 loan origination totaled approximately $1.4 billion, marking a 45% increase compared to Q4 2023, driven by both small business banking and commercial lending teams.
AI and Technology Investment
The bank is heavily investing in AI and technology to streamline processes and improve operational efficiency, positioning it for future growth.
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LOB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $40.76 | $35.07 | -13.96% |
| Oct 23, 2024 | $46.61 | $41.80 | -10.32% |
| Jul 24, 2024 | $42.81 | $44.44 | +3.81% |
| Apr 24, 2024 | $39.78 | $34.20 | -14.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Live Oak Bancshares (LOB) report earnings?
Live Oak Bancshares (LOB) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Live Oak Bancshares (LOB) earnings time?
Live Oak Bancshares (LOB) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOB EPS forecast?
LOB EPS forecast for the fiscal quarter 2025 (Q1) is 0.38.
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