Live oak bancshares, inc. (LOB)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14Jun'14
Interest income
Loans and fees on loans

221,831

207,836

191,447

173,232

159,585

147,310

136,025

125,278

112,570

99,633

86,529

74,513

63,856

55,107

49,342

43,109

37,615

33,340

28,055

24,089

0

0

0

Investment securities, taxable

15,790

15,345

13,992

12,519

10,933

8,733

6,643

4,440

2,226

1,432

1,256

1,268

1,204

1,132

1,064

938

886

811

680

568

0

0

0

Other interest earning assets

3,910

4,799

5,482

5,953

7,024

6,600

5,757

4,989

3,280

2,407

2,065

1,459

1,237

1,033

730

550

372

300

258

215

0

0

0

Total interest income

241,531

227,980

210,921

191,704

177,542

162,643

148,425

134,707

118,076

103,472

89,850

77,240

66,297

57,272

51,136

44,597

38,873

34,451

28,993

24,872

0

0

0

Interest expense
Deposits

91,835

87,897

80,055

70,644

63,368

54,469

45,840

38,433

30,098

24,223

21,176

18,107

15,758

13,659

11,481

9,789

8,347

7,379

6,446

5,580

0

0

0

Borrowings

0

-

-

-

-

131

361

749

1,109

1,215

1,224

1,077

958

964

928

1,081

1,283

1,483

1,534

1,343

0

0

0

Total interest expense

91,893

87,898

80,055

70,645

63,370

54,600

46,201

39,182

31,207

25,438

22,400

19,184

16,716

14,623

12,409

10,870

9,630

8,862

7,980

6,923

0

0

0

Net interest income

149,638

140,082

130,866

121,059

114,172

108,043

102,224

95,525

86,869

78,034

67,450

58,056

49,581

42,649

38,727

33,727

29,243

25,589

21,013

17,949

0

0

0

Provision for loan and lease credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses

-

-

20,187

12,784

-

13,058

10,291

12,960

12,429

9,536

9,325

10,705

12,602

12,536

10,159

7,565

4,162

3,806

2,851

2,114

0

0

0

Net interest income after provision for loan and lease credit losses

121,304

120,509

110,390

107,986

102,475

94,985

91,933

82,565

74,440

68,498

58,125

47,351

36,979

30,113

28,568

26,162

25,081

21,783

18,162

15,835

0

0

0

Noninterest income
Loan servicing revenue

27,046

28,034

29,056

29,731

29,633

29,121

27,370

26,354

25,563

24,588

24,255

23,625

22,532

21,393

19,614

17,970

16,759

16,081

15,422

14,791

0

0

0

Loan servicing asset revaluation

5,464

4,812

5,929

14,450

17,717

18,765

24,445

18,756

16,250

13,171

10,204

9,934

10,374

8,391

7,701

6,378

0

-

0

0

-

-

-

Net gains on sales of loans

35,916

29,002

23,325

37,904

54,950

75,170

92,797

88,941

84,056

78,590

77,789

81,474

77,853

75,326

73,594

67,185

68,349

67,385

59,712

56,614

0

0

0

Net (loss) gain on loans accounted for under the fair value option

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments income (loss)

-8,353

-7,889

-6,480

-4,783

0

-

0

0

-

-

-

-

-

-

-

-

-

-26

-203

-1,411

0

0

0

Equity security investments (losses) gains, net

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment in non-consolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,782

0

0

0

-

-

(Loss) gain on sale of investment securities available-for-sale

536

620

0

0

0

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Lease income

9,954

9,655

9,299

9,132

8,683

7,966

6,887

5,375

3,464

1,856

0

0

0

-

-

-

-

-

-

-

-

-

-

Management fee income

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction supervision fee income

1,376

1,765

1,848

2,066

2,277

2,277

2,653

2,437

2,126

1,776

1,945

2,085

2,466

2,667

2,545

2,387

2,037

1,623

0

0

0

-

-

Title insurance income

-

-

-

-

-

2,775

4,537

6,026

7,427

7,565

5,803

3,835

1,438

0

0

0

0

-

-

-

-

-

-

Other noninterest income

7,007

7,973

6,786

6,610

7,020

5,394

4,760

4,590

3,962

4,141

3,528

3,084

2,944

2,543

2,357

2,124

1,802

1,699

1,609

1,590

0

0

0

Total noninterest income

60,306

67,880

64,710

70,413

86,325

103,765

181,141

181,870

177,924

172,921

103,807

104,179

96,860

93,539

91,580

83,918

82,705

84,328

76,463

73,801

0

0

0

Noninterest expense
Salaries and employee benefits

96,842

90,634

81,065

78,901

79,057

77,411

81,890

80,374

76,196

74,669

72,808

71,242

68,685

62,996

58,575

51,053

44,961

40,323

33,743

29,801

0

0

0

Travel expense

7,502

6,921

7,944

8,013

8,513

9,156

7,976

8,262

8,369

8,124

7,846

7,775

7,957

8,205

7,859

7,841

7,749

7,379

7,705

6,843

0

0

0

Professional services expense

6,614

6,859

7,109

6,264

5,762

4,878

4,354

4,194

4,499

4,937

5,365

5,204

4,690

3,482

3,097

2,683

2,321

2,643

3,649

3,827

0

0

0

Advertising and marketing expense

5,933

5,936

5,329

5,514

5,717

6,015

6,378

6,432

6,540

6,363

6,086

5,667

5,056

4,534

4,581

4,535

4,288

4,333

3,940

3,611

0

0

0

Occupancy expense

8,928

8,116

7,326

6,783

6,817

7,065

0

0

0

-

-

-

4,575

4,573

4,861

4,506

4,187

3,475

2,438

2,164

0

0

0

Data processing expense

10,023

9,265

10,024

10,613

11,572

12,010

12,317

10,638

9,590

8,449

6,971

6,241

5,787

5,299

5,059

4,580

3,898

3,583

3,118

2,973

0

0

0

Equipment expense

17,637

16,327

15,555

14,843

13,972

13,724

12,568

11,147

9,482

7,479

5,555

3,938

2,769

2,246

2,342

2,373

2,227

2,119

1,906

1,577

0

0

0

Other loan origination and maintenance expense

10,089

9,272

8,364

6,571

6,277

5,967

5,868

5,727

5,294

4,970

4,411

3,616

3,256

2,825

2,686

2,553

2,166

2,069

0

0

0

-

-

Renewable energy tax credit investment impairment

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC insurance

4,322

3,447

1,982

2,986

3,297

3,234

3,585

3,338

3,052

3,206

3,218

2,570

1,995

1,417

0

0

0

-

-

-

-

-

-

Title insurance closing services expense

-

-

-

-

-

912

1,453

2,026

2,439

2,418

1,877

1,190

0

-

0

0

-

-

-

-

-

-

-

Impairment expense on goodwill and other intangibles

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

7,722

7,545

7,772

7,695

8,683

9,652

10,259

11,917

11,596

12,017

11,906

10,377

9,347

7,671

6,113

6,104

6,265

5,277

4,966

4,818

0

0

0

Total noninterest expense

176,214

164,924

153,072

151,579

152,833

152,704

161,170

155,782

148,252

143,165

134,525

125,887

117,719

106,445

96,194

87,039

78,724

71,715

62,849

56,325

0

0

0

(Loss) income before taxes

5,396

23,465

22,028

26,820

35,967

46,046

111,904

108,653

104,112

98,254

27,407

25,643

16,120

17,207

23,954

23,041

29,062

34,396

31,776

33,311

0

0

0

Income tax (benefit) expense

-2,664

5,431

336

-5,229

-5,400

-5,402

-784

-2,645

-2,728

-2,245

-6,842

778

927

3,443

9,955

9,622

11,831

13,795

16,249

0

0

0

-

Net income

-

-

21,692

32,049

-

-

112,688

111,298

106,840

-

34,249

24,865

15,193

13,764

13,999

13,419

17,231

20,601

15,527

19,290

0

0

0

Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-10

-12

-12

-24

0

0

0

-

-

Net (loss) income

0

-

-

-

0

-

-

-

-

-

-

-

-

13,773

14,009

13,431

17,243

20,625

15,550

19,310

0

0

0

Basic (loss) earnings per share

-0.19

0.17

0.10

0.12

0.06

0.25

0.36

0.36

0.31

1.95

0.34

0.28

0.18

0.16

0.10

0.00

0.14

0.15

0.09

0.14

0.28

0.03

0.31

Diluted (loss) earnings per share

-0.19

0.17

0.09

0.12

0.06

0.26

0.34

0.34

0.30

1.88

0.33

0.27

0.17

0.16

0.10

0.00

0.13

0.16

0.09

0.13

0.27

0.02

0.31