NASDAQ$LOB

Live Oak Bancshares Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net income of $34.5 million, or $0.76 per diluted share for the first quarter of 2022.

Live Oak Bancshares reported a net income of $34.5 million, or $0.76 per diluted share, for the first quarter of 2022. The company continues to focus on soundness, profitability, and growth, sustaining the momentum of its franchise with strong balance sheet growth and credit quality.

  • Net income for the first quarter of 2022 was $34.5 million, or $0.76 per diluted share.
  • Total revenue for the first quarter of 2022 was $110.447 million.
  • Loans and leases originated during the first quarter of 2022 totaled $865.063 million.
  • Total deposits increased to $7.64 billion at March 31, 2022.

Headline financials

Total Revenue

$110M

Previous: $101M+9.3%
EPS (adj)

$0.76

Previous: $0.88-13.6%
Net interest margin

4.0%

Previous: 3.8%+5.5%
Efficiency ratio

59.5%

Previous: 57.7%+3.1%
Loans and leases originated

$865M

Previous: $1.18B-26.7%
Capital Expenditures

-$20M

Previous: -$674K-2872.7%
Free Cash Flow

$14.5M

Previous: $38.8M-62.7%
Net Income

$34.5M

Previous: $39.4M-12.5%
Operating Income

$70.3M

Previous: $62.4M+12.8%
Gross Profit

$109M

Previous: $100M+8.5%
Cash & Equivalents

$482M

Previous: $637M-24.3%
Total Assets

$8.62B

Previous: $8.42B+2.4%

Revenue & EPS history

Live Oak · Revenue · Quarterly

$110M

Q1 2022+9.3%vs Q1 2021
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

This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied. The company disclaims any obligation to update these statements.

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 2022

Historical avgQ1 2022

-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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