---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-23-000063"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:20:08.049341+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Live Oak posts Q3 net income $39.8M ($0.88 EPS); revenue $127.3M, loan originations up 25% QoQ

## Summary
- Net income of $39.8M ($0.88 diluted EPS) vs. $17.5M in Q2 2023; total revenue $127.3M, up 17% QoQ.
- Loan originations reached $1.07B, up 24.6% from Q2 2023; total loan portfolio $8.78B, up 5% QoQ.
- Net interest margin 3.37%, up 8 bps QoQ; net interest income $89.4M vs. $84.3M in Q2 2023.
- Net charge-offs rose to $9.1M (0.48% annualized) from $1.2M in Q2, driven by a single borrower relationship.
- Noninterest income included a $15.0M one-time benefit from valuation methodology changes for servicing and fair value loans.

## SEC filing metadata
- accession: 0001462120-23-000063
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000063/0001462120-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000063/lob-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-23-000063
- JSON: https://secwatch.observer/filing/0001462120-23-000063.json
- Plain text: https://secwatch.observer/filing/0001462120-23-000063.txt

## Key facts
- Earnings Releases
  Live Oak Bancshares, Inc. reported third quarter ended September 30, 2023 results: revenue $127,301, net income $39,793, EPS 0.88.
  - Period: third quarter ended September 30, 2023
  - Revenue: $127,301
  - Net income: $39,793
  - EPS: 0.88
  - Result: reported results
  source text: business owners.” Third Quarter 2023 Key Measures (Dollars in thousands, except per share data) Increase (Decrease) 3Q 2023 2Q 2023 Dollars Percent 3Q 2022 Total revenue (1) $ 127,301 $ 108,458 $ 18,843 17 % $ 141,610 Total noninterest expense 74,262 76,457 (2,195) (3) 83,048 Income before taxes 42,760 18,973 23,787 125 44,393 Effective tax rate 6.9 % 7.5 % n/a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000063/0001462120-23-000063-index.htm

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