secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001462120-25-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000031/0001462120-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000031/lob-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000031

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