secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001462120-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/0001462120-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212024000004/lob-20240124.htm
  HTML page:      https://secwatch.observer/filing/0001462120-24-000004

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