---
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"
generated_at: "2026-06-06T19:12:48.182426+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares Q4 net income $16.2M ($0.36 EPS); full-year net income down 58% to $73.9M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1462120/000146212024000004/0001462120-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/lob-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-24-000004
- JSON: https://secwatch.observer/filing/0001462120-24-000004.json
- Plain text: https://secwatch.observer/filing/0001462120-24-000004.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/0001462120-24-000004-index.htm
- Earnings Releases
  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
  source text: Net income for the year ended December 31, 2023, totaled $73.9 million, or $1.64 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/0001462120-24-000004-index.htm

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