---
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"
generated_at: "2026-06-03T09:30:38.959549+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares Q1 2024 net income $16.5M ($0.36 EPS); loans up 2.2% QoQ

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-24-000034
- JSON: https://secwatch.observer/filing/0001462120-24-000034.json
- Plain text: https://secwatch.observer/filing/0001462120-24-000034.txt

## Key facts
- Earnings Releases
  Live Oak Bancshares, Inc. reported first quarter ended March 31, 2024 results: revenue $116,208, net income $16,548, EPS $0.36.
  - Period: first quarter ended March 31, 2024
  - Revenue: $116,208
  - Net income: $16,548
  - EPS: $0.36
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000034/0001462120-24-000034-index.htm

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