NASDAQ$LOB
Live Oak Bancshares Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported net income of $16.2 million, or $0.36 per diluted share, demonstrating resilience and strength in the market.
Live Oak Bancshares reported a fourth-quarter net income of $16.2 million, or $0.36 per diluted share. The company's loan and lease portfolio reached $9.02 billion, with total deposits increasing to $10.28 billion. Net interest income increased to $89.6 million, while noninterest income decreased to $30.1 million.
- Net income for Q4 2023 was $16.2 million, or $0.36 per diluted share.
- Total loan and lease portfolio reached $9.02 billion, a 2.8% increase from the previous quarter.
- Total deposits increased to $10.28 billion, a $271.4 million increase from the previous quarter.
- Net interest income increased to $89.6 million, driven by growth in the total loan and lease portfolio.
Headline financials
Revenue & EPS history
Live Oak · Revenue · Quarterly
$120M
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
This press release contains forward-looking statements that are subject to significant risks and uncertainties, and actual results may differ materially from those presented.
Headwinds
- Changes in Small Business Administration (“SBA”) rules, regulations or loan products, including the Section 7(a) program
- Changes in SBA standard operating procedures or changes in Live Oak Banking Company's status as an SBA Preferred Lender
- Changes in rules, regulations or procedures for other government loan programs, including those of the United States Department of Agriculture
- The impacts of global health crises and pandemics, such as the Coronavirus Disease 2019 (COVID-19) pandemic
- Recent adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments
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 2023
-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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