Income Statement

LIVE OAK BANCSHARES, INC.

LOB
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY Dec 31, 2016 2016 FY Dec 31, 2015 2015 FY
Revenue
1,037.93 936.15 800.01 682.47 521.41 374.41 295.86 266.41 276.39 150.81 118.78
Cost of Revenue
556.42 532.68 394.29 157.92 79.64 134.34 107.47 67.66 34.97 27.16 12.67
Gross Profit
481.51 403.47 405.72 524.55 441.78 240.07 188.39 198.75 241.42 123.65 106.11
Operating Expenses
338.70 314.24 322.89 314.23 230.99 192.68 164.92 152.70 143.17 106.45 71.72
Research & Development
- - - - - - - - - - -
Selling, General & Administrative
201.66 194.42 187.61 181.37 129.93 116.04 96.57 83.43 81.03 67.53 44.66
Other Operating Expenses
137.04 119.82 135.27 132.86 101.05 76.64 68.35 69.28 62.13 38.92 27.06
Operating Income
142.82 89.24 82.83 210.32 210.79 47.39 23.47 46.05 98.25 17.21 34.40
Non-Operating Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 34.81 0.00
Interest Income
908.47 812.37 688.28 444.47 361.21 288.41 227.98 162.64 103.47 57.27 34.45
Interest Expense
460.11 436.47 342.97 116.97 64.43 93.69 87.90 54.60 25.44 14.62 8.86
Other Non-Op Income / Expense
17.39 -10.92 -5.99 144.25 -1.72 -14.69 4.40 0.00 0.00 0.00 0.00
Income Before Tax
142.82 89.24 82.83 210.32 210.79 47.39 23.47 46.05 98.25 17.21 34.40
Income Tax Expense
36.94 11.76 8.93 34.12 43.79 -12.15 5.43 -5.40 -2.25 -31.38 13.77
Non-Controlling Interest
-0.23 -0.06 - - - - - 0.00 0.00 -0.01 -0.02
Net Income
105.87 77.47 73.90 176.21 167.00 59.54 18.03 51.45 100.50 13.77 20.63
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Dec 31, 2025 2025 FY Dec 31, 2024 2024 FY Dec 31, 2023 2023 FY Dec 31, 2022 2022 FY Dec 31, 2021 2021 FY Dec 31, 2020 2020 FY Dec 31, 2019 2019 FY Dec 31, 2018 2018 FY Dec 31, 2017 2017 FY Dec 31, 2016 2016 FY Dec 31, 2015 2015 FY
Depreciation & Amortization
- - - - - - - - - - -
EBITDA
173.21 112.52 104.10 231.10 232.15 69.08 43.43 62.43 108.53 21.47 37.83
Earnings Per Share (Basic)
2.25 1.72 1.67 4.02 3.87 1.46 0.45 1.28 2.75 0.40 0.66
Diluted EPS
2.23 1.69 1.64 3.92 3.71 1.43 0.44 1.24 2.65 0.39 0.65
Weighted Average Shares
45.70 45.01 44.35 43.86 43.17 40.68 40.22 40.06 36.59 34.20 31.08
Diluted Weighted Avg Shares
46.04 45.82 45.09 44.91 45.07 41.77 41.05 41.45 37.86 35.09 31.97
Comprehensive Income
143.53 79.85 81.50 - - - - - - - -