NASDAQ$LOB

Live Oak Bancshares Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Live Oak Bancshares reported a net loss impacted by COVID-19 related risks and uncertainties.

Live Oak Bancshares reported a net loss of $7.6 million, or $(0.19) per diluted share, for the first quarter of 2020, compared to net earnings of $2.4 million, or $0.06 per diluted share, for the first quarter of 2019. The results were significantly impacted by risks and uncertainties related to the COVID-19 pandemic.

  • Net loss of $7.6 million, or $(0.19) per diluted share.
  • Total assets grew by $461.3 million.
  • Loan and lease originations totaled $500.6 million.
  • Total deposits increased by $413.0 million to $4.64 billion.

Headline financials

Total Revenue

$45.9M

Previous: $43.6M+5.2%
EPS (adj)

-$0.19

Previous: $0.06-416.7%
Loans and leases originated

$501M

Previous: $391M+28.1%
Capital Expenditures

-$737K

Previous: -$13.3M+94.5%
Free Cash Flow

-$8.34M

Previous: -$10.9M+23.8%
Net Income

-$7.6M

Previous: $2.37M-420.5%
Operating Income

-$5.44M

Previous: $11.3M-148.0%
Gross Profit

$34.1M

Previous: $43.6M-21.8%
Cash & Equivalents

$265M

Previous: $229M+15.6%
Total Assets

$5.28B

Previous: $4.06B+30.0%

Revenue & EPS history

Live Oak · Revenue · Quarterly

$45.9M

Q1 2020+5.2%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Live Oak · $18.7M total across 3 segments · Q3 2023

  • Net gains on sales of loans
    $12.7M
  • Other noninterest income
    $3.5M
  • Lease income
    $2.5M

Forward guidance

The company did not provide any forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+3.7%

Avg return

30 days after

53%

26 / 49 earnings

Positive

+21.3%

Q2 2019

Best reaction

-14.5%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.4%+6.9%+2.6%
Q4 2025+4.3%-0.6%+4.8%
Q3 2025-3.6%-6.8%-11.4%
Q2 2025+0.1%+1.4%+5.9%
Q1 2025+7.1%+7.9%+8.8%
Q4 2024-14.0%-11.2%-21.5%
Q3 2024-10.6%-12.7%+2.1%
Q2 2024+2.4%+1.4%-0.7%
Q1 2024-12.7%-14.7%-13.0%
Q4 2023-4.4%-5.4%-6.6%
Q3 2023+7.1%+7.3%+21.1%
Q2 2023+14.4%+20.0%+6.6%
Q1 2023+3.5%+1.5%+2.8%
Q4 2022-0.7%+6.4%+13.8%
Q3 2022+0.6%+9.1%+10.2%
Q2 2022+4.3%+5.1%+3.4%
Q1 2022-0.7%-5.6%-12.9%
Q4 2021-10.4%-15.2%-4.8%
Q3 2021+7.4%+26.0%+26.9%
Q2 2021+9.4%+7.5%+1.1%
Q1 2021-3.0%+2.0%-8.0%
Q4 2020-12.8%-14.9%+18.3%
Q3 2020+0.4%+3.1%+33.4%
Q2 2020+1.4%-0.3%+23.7%
Q1 2020-10.8%-0.4%-5.6%
Q4 2019+6.0%-1.1%-3.7%
Q3 2019-0.4%+0.5%-1.6%
Q2 2019+21.3%+22.7%+7.7%
Q1 2019-1.0%+9.9%-0.6%
Q4 2018-14.5%-10.6%+7.1%
Q3 2018-12.4%-16.0%-16.4%
Q2 2018-7.6%-12.1%-6.2%
Q1 2018-2.6%-1.7%+3.0%
Q4 2017+9.1%+6.9%+7.1%
Q3 2017+2.7%-0.6%+2.5%
Q2 2017-3.4%-0.2%-10.7%
Q1 2017+6.5%+5.0%+9.2%
Q4 2016+2.3%+4.6%+23.4%
Q3 2016+6.3%+11.9%+26.0%
Q2 2016-7.5%-5.8%+0.1%
Q1 2015-2.5%
Q1 2016+0.3%
Q4 2013+2.1%
Q4 2014+2.1%
Q4 2015+5.7%
Q3 2014+0.2%
Q3 2015-8.8%
Q2 2015-2.4%
Q2 2014-2.4%
Q1 2014

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