---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-25-000031"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T07:59:20.278302+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares Q1 EPS $0.21 vs $0.60 YoY; net income $9.7M, loan production record $1.4B

## Summary
- Net income attributable to Company of $9.7M; diluted EPS of $0.21, down from $0.60 in Q1 2024.
- Record first quarter loan production of $1.40B; total assets grew 5.0% to $13.60B.
- Net interest margin expanded 5 bps to 3.20%; net interest income up 3.1% QoQ.
- Provision for credit losses of $29.0M, driven by loan growth and macroeconomic pressures on small business borrowers.
- Pre-provision net revenue declined 10% QoQ due to 1.5% revenue decline and 3.4% expense increase.

## SEC filing metadata
- accession: 0001462120-25-000031
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000031/0001462120-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000031/lob-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-25-000031
- JSON: https://secwatch.observer/filing/0001462120-25-000031.json
- Plain text: https://secwatch.observer/filing/0001462120-25-000031.txt

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