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Live Oak Bancshares (LOB)
NYSE:LOB
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
0.59Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 7.67%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook, with significant achievements in loan and deposit growth, net interest income milestones, and improved credit quality trends. However, these positives are tempered by challenges related to elevated provision expenses, economic uncertainty, increased non-accruing loans, and the impact of SBA rule changes. The bank remains cautiously optimistic, emphasizing proactive credit management and strategic initiatives.Company Guidance
During the Q1 2025 earnings call for Live Oak Bancshares, multiple metrics and guidance were provided, demonstrating strong momentum across several areas. The company reported a significant increase in checking balances, which stood at $279 million by the quarter's end, a fourfold increase from the previous year. Loan originations reached a record $1.4 billion, marking a 73% year-over-year increase, with a notable 55% rise in SBA 7(a) loans. Deposits also grew by 8% quarter-over-quarter. Despite an uncertain economic environment and ongoing small business credit cycle challenges, the bank maintained elevated provision levels, resulting in a $51 million increase in the allowance for credit losses over the past five quarters. Net interest income hit a record high of approximately $101 million, while the net interest margin expanded by five basis points to 3.2%. The bank also achieved a 27% year-over-year increase in core pre-provision net revenue (PPNR), totaling $50 million. Overall, the bank emphasized its strong credit quality, with 33% of loans government-guaranteed and a well-diversified portfolio, while maintaining a healthy capital position with a Mahan ratio of nearly 17%.Record Loan Originations
Q1 2025 loan originations totaled approximately $1.4 billion, marking the largest Q1 loan production in bank history, with a 73% increase year over year.
Strong Deposit Growth
Customer deposits grew by 8% quarter-over-quarter, nearly double the Q1 growth experienced in 2024.
Net Interest Income Milestone
Quarterly net interest income surpassed $100 million for the first time in bank history, with a 3% linked quarter growth and 12% compared to Q1 2024.
Growth in Business Checking Products
Noninterest-bearing balances in business checking increased by 31% quarter-over-quarter.
Improved Credit Quality Trends
Consecutive quarters of low past dues at $10 million or approximately nine basis points of the total held for investment loan portfolio.
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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 |
|---|---|---|---|
| Apr 23, 2025 | $24.78 | $26.41 | +6.58% |
| Jan 22, 2025 | $40.72 | $35.04 | -13.95% |
| Oct 23, 2024 | $46.57 | $41.76 | -10.33% |
| Jul 24, 2024 | $42.77 | $44.40 | +3.81% |
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 Jul 23, 2025, TBA Not Confirmed.
What is Live Oak Bancshares (LOB) earnings time?
Live Oak Bancshares (LOB) earnings time is at Jul 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 (Q2) is 0.5.
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