{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-24-000034","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.499138+00:00","generated_at":"2026-06-03T09:30:38.959549+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Live Oak Bancshares Q1 2024 net income $16.5M ($0.36 EPS); loans up 2.2% QoQ","bullets":["Net income $16.5M ($0.36 diluted EPS) vs $0.01 a year ago; total revenue $116.2M down 2.9% QoQ but up 14.4% YoY.","Loan portfolio grew to $9.22B (+2.2% QoQ, +12.2% YoY); originations $805M down 18% QoQ.","Net interest income $90.1M, NIM 3.33% (up 1bp QoQ); provision for credit losses $16.4M up from $9.0M QoQ.","Noninterest expense $78.7M down 15.6% QoQ due to absence of $14.6M impairment in Q4.","Borrowings increased $100M via 5.95% fixed-rate 60-month term loan to enhance bank capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-24-000034","json":"https://secwatch.observer/filing/0001462120-24-000034.json","markdown":"https://secwatch.observer/filing/0001462120-24-000034.md","text":"https://secwatch.observer/filing/0001462120-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000034/0001462120-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000034/lob-20240424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:30:38.959549+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":"edfd1e7299fe3c324c9187c4980060a6c81fcd01","claim":"Live Oak Bancshares, Inc. reported first quarter ended March 31, 2024 results: revenue $116,208, net income $16,548, EPS $0.36.","evidence_excerpt":"from the crowd.” First Quarter 2024 Key Measures (Dollars in thousands, except per share data) Increase (Decrease) 1Q 2024 4Q 2023 Dollars Percent 1Q 2023 Total revenue (1) $ 116,208 $ 119,683 $ (3,475) (2.9) % $ 101,596 Total noninterest expense 78,679 93,204 (14,525) (15.6) 78,962 Income before taxes 21,165 17,484 3,681 21.1 3,613 Effective tax rate 21.8 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212024000034/0001462120-24-000034-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$116,208"},{"label":"Net income","value":"$16,548"},{"label":"EPS","value":"$0.36"},{"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"}