8-K
filed January 24, 2024, 6:59 PM ET
ticker LOB
CIK 0001462120
earnings
confidence high
sentiment negative
materiality 0.75
Live Oak Bancshares Q4 net income $16.2M ($0.36 EPS); full-year net income down 58% to $73.9M
Live Oak Bancshares, Inc.
2023-FY EPS reported
$1.64
- Full-year 2023 net income $73.9M ($1.64 EPS) vs $176.2M ($3.92) in 2022, a 58% decline.
- Total revenue 2023 $457M, down 19% from $565.5M in 2022.
- Q4 net income $16.2M ($0.36 EPS), down 59% from Q3 2023 net income $39.8M ($0.88 EPS).
- Loans and leases grew 14% YoY to $9.02B; deposits up 16% to $10.28B.
- Noninterest expense includes $14.6M impairment on renewable energy tax credit investment and $4.5M special employee bonus.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Live Oak Bancshares, Inc. reported the fourth quarter ended December 31, 2023 results: net income $16.2 million, EPS $0.36 per diluted share.
- Period
- the fourth quarter ended December 31, 2023
- Net income
- $16.2 million
- EPS
- $0.36 per diluted share
- Result
- reported results
Exact text from the filing
Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported fourth quarter of 2023 net income of $16.2 million, or $0.36 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Live Oak Bancshares, Inc. reported the year ended December 31, 2023 results: net income $73.9 million, EPS $1.64 per diluted share.
- Period
- the year ended December 31, 2023
- Net income
- $73.9 million
- EPS
- $1.64 per diluted share
- Result
- reported results
Exact text from the filing
Net income for the year ended December 31, 2023, totaled $73.9 million, or $1.64 per diluted share.
View on SEC.gov
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