{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-23-000034","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.934700+00:00","generated_at":"2026-06-16T12:31:47.338189+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Live Oak Q1 net income $398K ($0.01 EPS) vs $0.76 year ago; revenue down 8%","bullets":["Net income $398K, diluted EPS $0.01 compared to $0.76 in Q1 2022.","Total revenue $101.6M, down 8% from $110.4M a year ago; net interest margin 3.46% (down 30bp QoQ).","Loan originations $1.03B (+19% YoY); total loans $8.22B, up 21.5% YoY.","Deposits $9.42B (+23% YoY); borrowings reduced to $30.8M from $196.9M a year ago.","Provision for credit losses $19.0M; net charge-offs $6.7M (0.38% annualized) vs $2.4M in Q1 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-23-000034","json":"https://secwatch.observer/filing/0001462120-23-000034.json","markdown":"https://secwatch.observer/filing/0001462120-23-000034.md","text":"https://secwatch.observer/filing/0001462120-23-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000034/0001462120-23-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000034/lob-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T12:31:47.338189+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"90b4f26d811a839268fc35e245153d95a430e3e4","claim":"Live Oak Bancshares, Inc. reported the first quarter ended March 31, 2023 results: revenue $ 101,596, net income $ 398, EPS 0.01.","evidence_excerpt":"Total revenue (1) $ 101,596 $ 104,973 $ (3,377) (3) % $ 110,447 Total noninterest expense 78,962 84,585 (5,623) (7) 65,714 Income before taxes 3,613 717 2,896 404 42,897 Effective tax rate 89.0 % (149.9) % n/a n/a 19.6 % Net income $ 398 $ 1,792 $ (1,394) (78) % $ 34,509 Diluted earnings per share 0.01 0.04 (0.03) (75) 0.76","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000034/0001462120-23-000034-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$ 101,596"},{"label":"Net income","value":"$ 398"},{"label":"EPS","value":"0.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}