secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001462120-24-000047
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Oak Q2 net income $27M ($0.59 EPS); loan originations surge 45.5% QoQ
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- Net income $27.0M ($0.59 diluted EPS) vs $27.6M in Q1; total revenue $125.5M, up 8% QoQ.
- Loan originations $1.17B, +45.5% QoQ and +36% YoY; total loans $9.54B, +3.4% QoQ.
- Net interest margin 3.28% (-5 bps QoQ); net charge-offs $8.3M (0.38% annualized) vs $3.2M Q1.
- Nonperforming loans fell to $37.3M (0.42%) from $43.1M (0.51%) QoQ.
- Provision for credit losses $11.8M, down from $16.4M Q1; borrowings $117.7M, including $100M term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212024000047/0001462120-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212024000047/lob-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001462120-24-000047

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