{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-24-000004","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.243066+00:00","generated_at":"2026-06-06T19:12:48.182426+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Live Oak Bancshares Q4 net income $16.2M ($0.36 EPS); full-year net income down 58% to $73.9M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-24-000004","json":"https://secwatch.observer/filing/0001462120-24-000004.json","markdown":"https://secwatch.observer/filing/0001462120-24-000004.md","text":"https://secwatch.observer/filing/0001462120-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/0001462120-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/lob-20240124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:12:48.182426+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":"17226c0acf770d5acc2e41b6ba74f2df08c4b881","claim":"Live Oak Bancshares, Inc. reported the fourth quarter ended December 31, 2023 results: net income $16.2 million, EPS $0.36 per diluted share.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/0001462120-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Net income","value":"$16.2 million"},{"label":"EPS","value":"$0.36 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bc44b94e148f28505d73cfec0dfa997398d32aaa","claim":"Live Oak Bancshares, Inc. reported the year ended December 31, 2023 results: net income $73.9 million, EPS $1.64 per diluted share.","evidence_excerpt":"Net income for the year ended December 31, 2023, totaled $73.9 million, or $1.64 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/0001462120-24-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$73.9 million"},{"label":"EPS","value":"$1.64 per diluted share"},{"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"}