---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-24-000062"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:03:00.290556+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Live Oak Q3 net income $13M (-51.7% YoY); record loan production $1.76B

## Summary
- Net income $13.0M ($0.28 diluted EPS) vs $39.8M ($0.88) in Q3 2023, down 51.7%.
- Total revenue $129.9M, up 3.5% QoQ and 2.1% YoY.
- Loan production $1.76B, up 50.1% QoQ, highest quarter excluding PPP.
- Provision for credit losses $34.5M, up from $11.8M in Q2 and $10.3M in Q3 2023.
- Allowance for credit losses / loans at historical cost rose to 1.78% from 1.57%.

## SEC filing metadata
- accession: 0001462120-24-000062
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2024-10-23T23:59:59+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/1462120/000146212024000062/0001462120-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000062/lob-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-24-000062
- JSON: https://secwatch.observer/filing/0001462120-24-000062.json
- Plain text: https://secwatch.observer/filing/0001462120-24-000062.txt

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