Live Oak Bancshares (LOB) Company Overview

Live Oak Bancshares' Q4 2024 results show mixed performance with high net charge-offs and expensive deposits, despite strong loan originations and increased deposits. The bank's cost of funds remains high at 4.03%, significantly above peers, indicating weak bargaining power over customers and fragile deposit quality. The Company's net interest margin is deteriorating, but the potential refinancing of CDs at lower rates could improve profitability.

Live Oak Bancshares, Inc. (NYSE:LOB ) Q4 2024 Earnings Conference Call January 23, 2024 9:00 AM ET Company Participants Claire Parker - Head of Investor Relations Chip Mahan - Chairman & Chief Executive Officer BJ Losch - President Walt Phifer - Chief Financial Officer Michael Cairns - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler Tim Switzer - KBW David Feaster - Raymond James Operator Good morning ladies and gentlemen and welcome to the Q4 2024 Live Oak Bancshares Earnings Call. At this time, all lines are in a listen-only mode.

While the top- and bottom-line numbers for Live Oak Bancshares (LOB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Live Oak Bancshares (LOB) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.36 per share a year ago.

Live Oak Bancshares (LOB -1.38%), known for its innovative online small business lending platform, released its Q4 2024 results on Jan. 22. Diluted earnings per share (EPS) came in at $0.22, missing analysts' expectations of $0.53 by a wide margin.

Evaluate the expected performance of Live Oak Bancshares (LOB) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Live Oak Bancshares (LOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

WILMINGTON, N.C., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Sunbound Inc., a provider of automated financial operations solutions for the senior housing industry.

New Partnership to Fuel Financial Innovations, Delivering Flexible Solutions to Operators and Families WASHINGTON, Dec. 4, 2024 /PRNewswire/ -- Sunbound, a leader in finance solutions for senior living, announced an investment from Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares, to fuel innovations that support operators and families. This partnership strengthens Sunbound's mission of enhancing financial stability for senior living operators, enabling them to streamline their financial processes and focus on resident care and family satisfaction.