NASDAQ$LOB

Live Oak Bancshares Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported strong Q4 2019 results with growth in key metrics.

Live Oak Bancshares reported a net income of $6.8 million, or $0.17 per diluted share, for the fourth quarter of 2019. The company saw strength across all key metrics and total assets grew by more than $1 billion.

  • Net interest income and servicing revenues increased by 22% to $44.741 million compared to Q4 2018.
  • Loans and leases originated were $523.688 million, a 5% increase compared to Q4 2018.
  • Total deposits increased by $209.9 million to $4.23 billion at December 31, 2019 from September 30, 2019.
  • Noninterest income increased to $21.5 million compared to $18.1 million for the fourth quarter of 2018.

Headline financials

Total Revenue

$59.5M

Previous: $46.9M+27.0%
EPS (adj)

$0.17

Previous: $0.26-34.6%
Net interest margin

3.5%

No prior period
Efficiency ratio

75.3%

No prior period
Loans and leases originated

$524M

Previous: $499M+5.0%
Capital Expenditures

$7.19M

Previous: $23.5M-69.4%
Free Cash Flow

-$148M

Previous: -$156M+4.9%
Net Income

$6.83M

Previous: $10.5M-34.9%
Operating Income

$8.92M

No prior period
Cash & Equivalents

$127M

Previous: $317M-60.0%
Total Assets

$4.81B

Previous: $3.67B+31.2%

Revenue & EPS history

Live Oak · Revenue · Quarterly

$59.5M

Q4 2019+27%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
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

Live Oak Bancshares aims to continue the momentum from Q4 2019 into the coming quarters.

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 Q4 2019

Historical avgQ4 2019

-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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