NASDAQ$LOB
Live Oak Bancshares Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Live Oak delivered a solid quarter with growth in loans, deposits and revenue.
Live Oak Bancshares reported a net income of $27.0 million, or $0.59 per diluted share, for the second quarter of 2024. The company saw growth in loans, deposits, and revenue, driven by its focus on serving small businesses and maintaining a strong credit portfolio.
- Net income for the second quarter of 2024 was $27.0 million, or $0.59 per diluted share.
- Total revenue increased to $125.479 million, up 8.0% from Q1 2024 and up from $108.458 million in Q2 2023.
- Loan and lease originations totaled $1.171 billion, a 45.5% increase from the first quarter of 2024.
- Total deposits increased to $10.71 billion, a 3.1% increase compared to March 31, 2024.
Headline financials
Revenue & EPS history
Live Oak · Revenue · Quarterly
$125M
Revenue by segment
Live Oak · $18.7M total across 3 segments · Q3 2023
- Net gains on sales of loans$12.7M—67.9%
- Other noninterest income$3.5M—18.7%
- Lease income$2.5M—13.4%
Forward guidance
The company did not provide 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 Q2 2024
-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
| Quarter | Report date | Reaction (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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