---
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"
generated_at: "2026-06-16T12:31:47.338189+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Live Oak Q1 net income $398K ($0.01 EPS) vs $0.76 year ago; revenue down 8%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-23-000034
- JSON: https://secwatch.observer/filing/0001462120-23-000034.json
- Plain text: https://secwatch.observer/filing/0001462120-23-000034.txt

## Key facts
- Earnings Releases
  Live Oak Bancshares, Inc. reported the first quarter ended March 31, 2023 results: revenue $ 101,596, net income $ 398, EPS 0.01.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $ 101,596
  - Net income: $ 398
  - EPS: 0.01
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000034/0001462120-23-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.