NASDAQ$LOB

Live Oak Bancshares Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Reported fourth quarter results with net income attributable to the company.

Live Oak Bancshares reported a net income of $9.9 million, or $0.22 per diluted share, for the fourth quarter of 2024. The company experienced a record year of loan production and strong deposit growth, which contributed to a 9% growth in revenue for the full year.

  • Net income attributable to the company was $9.9 million, or $0.22 per diluted share.
  • Total revenue reached $128.07 million.
  • Loans and leases originated amounted to $1.42 billion.
  • Noninterest expense totaled $81.26 million.

Headline financials

Total Revenue

$128M

Previous: $120M+7.0%
EPS (adj)

$0.22

Previous: $0.36-38.9%
Net interest margin

3.1%

Previous: 3.3%-5.1%
Efficiency ratio

62.6%

Previous: 77.9%-19.7%
Loans and leases originated

$1.42B

No prior period
Return on average assets (annualized)

0.3%

No prior period
Return on average common equity (annualized)

3.9%

No prior period
Noninterest income to total revenue

22.0%

No prior period
Allowance for credit losses to loans and leases held for investment

1.7%

No prior period
Net charge-offs

$33.6M

No prior period
Net charge-offs to average loans and leases held for investment

1.4%

No prior period
Unguaranteed nonperforming historical cost loans and leases to loans and leases held for investment

0.8%

Previous: 0.5%+70.8%
Unguaranteed nonperforming fair value loans to loans held for investment

2.8%

No prior period
Common equity tier 1 capital (to risk-weighted assets)

11.0%

No prior period
Tier 1 leverage capital (to average assets)

8.2%

No prior period
Net Income

$9.9M

Previous: $16.2M-38.7%
Operating Income

$13.2M

Previous: $17.5M-24.3%

Revenue & EPS history

Live Oak · Revenue · Quarterly

$128M

Q4 2024+7%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
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

Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented.

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 2024

Historical avgQ4 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

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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro