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Financials · LOB

Live Oak Bancshares Inc. (LOB) financials

For the twelve months ended Sep 30, 2026, Live Oak Bancshares Inc. reported $650.17M of revenue and $139.40M of net income.

Revenue, TTM
$650.17M
Revenue growth, YoY
+24.6%
Net income, TTM
$139.40M
Net income growth, YoY
+100.4%
Net margin
21.4%
Free cash flow, TTM
$297.45M
EPS, diluted, TTM
$2.82
EPS growth, YoY
+89.3%
Cash
$1.10B
Total debt
$99.79M
P/E
11.28
P/S
2.42
Market cap
$1.57B
Annual revenue$577.82M
FY2016FY2025
Annual net income$105.87M
FY2016FY2025
Annual free cash flow$143.49M
FY2016FY2025

LOB revenue and earnings growth

LOB revenueQ3 2026$175.65M

Quarter YoY
+23.4%
QoQ
+12.5%
FY YoY
+18.3%
5Y CAGR
+15.5%
10Y CAGR
+18.1%

LOB revenue was $175.65M in fiscal Q3 2026 (ended Sep 30, 2026), up 23.4% from a year earlier and up 12.5% from the prior quarter. For the full fiscal 2025 it was $577.82M, up 18.3% from fiscal 2024. Compound annual growth was +15.5% over 5 years and +18.1% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

LOB net incomeQ3 2026$26.35M

Quarter YoY
-0.6%
QoQ
-28.4%
FY YoY
+36.7%
5Y CAGR
+12.2%
10Y CAGR
+17.8%

LOB net income was $26.35M in fiscal Q3 2026 (ended Sep 30, 2026), down 0.6% from a year earlier and down 28.4% from the prior quarter. For the full fiscal 2025 it was $105.87M, up 36.7% from fiscal 2024. Compound annual growth was +12.2% over 5 years and +17.8% over 10 years. It rose in 6 of the last 10 fiscal years.

LOB EPSQ3 2026$0.52

Quarter YoY
-5.5%
QoQ
-29.7%
FY YoY
+32.0%
5Y CAGR
+9.3%
10Y CAGR
+13.1%

LOB diluted EPS was $0.52 in fiscal Q3 2026 (ended Sep 30, 2026), down 5.5% from a year earlier and down 29.7% from the prior quarter. For the full fiscal 2025 it was $2.23, up 32.0% from fiscal 2024. Compound annual growth was +9.3% over 5 years and +13.1% over 10 years.

LOB free cash flowQ3 2026$124.40M

Quarter YoY
+93.4%
QoQ
+338.4%
FY YoY
+33.5%

LOB free cash flow was $124.40M in fiscal Q3 2026 (ended Sep 30, 2026), up 93.4% from a year earlier and up 338.4% from the prior quarter. For the full fiscal 2025 it was $143.49M, up 33.5% from fiscal 2024. Fiscal 2025 is the highest of the 13 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$577.82M$488.56M$449.31M$565.49M$456.99M$280.72M$203.60M$204.31M$250.96M$136.19M
Interest expense--$342.97M$116.97M$64.43M$93.69M$87.90M$54.60M$25.44M$14.62M
Pre-tax income$142.81M$89.23M$82.83M$210.32M$210.79M$47.39M$23.46M$46.05M$98.25M$17.21M
Income tax$37.17M$11.82M$8.93M$34.12M$43.79M-$12.15M$5.43M-$5.40M-$2.25M$3.44M
Net income$105.87M$77.47M$73.90M$176.21M$167.00M$59.54M$18.03M$51.45M$100.50M$13.77M
EPS, basic$2.25$1.72$1.67$4.02$3.87$1.46$0.45$1.28$2.75$0.40
EPS, diluted$2.23$1.69$1.64$3.92$3.71$1.43$0.44$1.24$2.65$0.39
Diluted shares46.0M45.8M45.1M44.9M45.1M41.8M41.1M41.4M37.9M35.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$864.90M$608.80M$582.54M$416.64M$203.75M$318.32M$221.40M---
Goodwill-$1.80M$1.80M$1.80M------
Total assets$15.13B$12.94B$11.27B$9.86B$8.21B$7.87B$4.81B$3.67B$2.76B$1.76B
Short-term debt-------$1.44M$0$0
Total debt$102.40M$112.82M$23.35M$83.20M$318.29M$1.54B$14.0K$1.46M$26.56M$27.84M
Total liabilities$13.88B$11.94B$10.37B$9.04B$7.50B$7.30B$4.28B$3.18B$2.32B$1.53B
Shareholders' equity$1.25B$1.00B$902.67M$811.03M$715.13M$567.85M$532.39M$493.56M$436.93M$222.85M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$158.24M$156.78M$184.90M-$300.74M-$119.72M-$261.00M-$482.52M$6.29M-$287.53M-$221.95M
Capital expenditures$14.76M$49.31M$46.84M$43.75M$3.08M$20.99M$37.20M$111.32M$124.14M$10.89M
Free cash flow$143.49M$107.47M$138.06M-$344.50M-$122.80M-$281.99M-$519.72M-$105.03M-$411.67M-$232.84M
Investing cash flow-$1.90B-$1.70B-$1.34B-$1.02B-$149.80M-$2.62B-$684.57M-$845.36M-$535.02M-$320.07M
Financing cash flow$2.00B$1.57B$1.32B$1.53B$154.95M$2.98B$1.07B$863.10M$879.81M$677.42M
Dividends paid$5.49M$5.41M$5.33M$5.27M$5.19M$4.91M$4.83M$4.81M$3.78M$2.74M
Depreciation and amortization$30.40M$23.28M$21.27M$20.78M$21.37M$21.69M$19.97M$16.39M$10.28M$4.26M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY18.3%8.7%-20.5%23.7%62.8%37.9%-0.3%-18.6%84.3%23.9%
Net income growth, YoY36.7%4.8%-58.1%5.5%180.5%230.2%-64.9%-48.8%629.7%-33.2%
EPS growth, YoY32.0%3.0%-58.2%5.7%159.4%225.0%-64.5%-53.2%579.5%-40.0%
Net margin18.3%15.9%16.4%31.2%36.5%21.2%8.9%25.2%40.0%10.1%
Free cash flow margin24.8%22.0%30.7%-60.9%-26.9%-100.4%-255.3%-51.4%-164.0%-171.0%
Return on equity8.5%7.7%8.2%21.7%23.4%10.5%3.4%10.4%23.0%6.2%
Return on assets0.7%0.6%0.7%1.8%2.0%0.8%0.4%1.4%3.6%0.8%
Debt to equity0.080.110.030.100.452.720.000.000.060.12

Source: XBRL data Live Oak Bancshares Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LOB peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LOB$650.17M+24.6%$139.40M21.4%$1.57B
JPM$203.15B+13.2%$65.98B32.5%$888.26B
BAC$120.16B+5.4%$32.24B26.8%$340.97B
WFC$87.23B+5.4%$22.97B26.3%$251.98B
C$85.22B+5.6%$14.31B16.8%$199.70B
UBS$49.57B+2.0%$7.80B15.7%$148.27B
COF$63.01B+31.2%$10.87B17.2%$121.43B
MFG¥8.79T+7.6%¥1.16T13.2%$116.96B
BNSC$37.74B+12.1%C$7.79B20.6%$112.48B

LOB FAQ

8 questions
  • What is LOB revenue?
    Live Oak Bancshares Inc. (LOB) reported $650.17M of revenue for the twelve months ended Sep 30, 2026. That is up 24.6% from the year before. Revenue for fiscal 2025 was $577.82M.
  • Is LOB profitable?
    Yes. Live Oak Bancshares Inc. earned $139.40M in net income for the twelve months ended Sep 30, 2026, a net margin of 21.4%.
  • How much cash and debt does LOB have?
    Live Oak Bancshares Inc. reported $1.10B in cash and cash equivalents and $99.79M of debt on its most recent balance sheet in SEC filings.
  • How fast is LOB revenue growing?
    Live Oak Bancshares Inc.'s revenue changed +18.3% in fiscal 2025, to $577.82M. Its compound annual growth rate was +15.5% over 5 years and +18.1% over 10 years.
  • What is LOB free cash flow?
    Live Oak Bancshares Inc. generated $297.45M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $313.95M less capital expenditures.
  • What is LOB earnings per share?
    Diluted earnings per share were $2.82 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LOB last report financial results?
    The latest statements here come from Live Oak Bancshares Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this LOB financial data come from?
    Quantisnow builds these statements from the structured XBRL data Live Oak Bancshares Inc. files with the SEC. It is provided for information only and is not investment advice.