secwatch.observer — SEC 8-K summary
======================================

Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001462120-24-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212024000062/0001462120-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212024000062/lob-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001462120-24-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer