Live Oak Bancshares Inc - Understand $lob stock

$LOB Market Cap: $2.19 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$599.8M

TTM

Gross Margin

Net Earnings

$72.70M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$12.61B

Q3 2024

Total Liabilities

$11.60B

Q3 2024

Book Value

$1.008B

Q3 2024

Cash

$666.6M

Q3 2024

P/E

30.13

Nov 13, 2024 EST

Free Cash Flow

$284.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$688.3M	$444.5M	$361.2M	$288.4M	$228.0M	$162.6M	$103.5M	$57.27M	$34.45M	$20.57M	$15.30M
YoY Change	54.85%	23.05%	25.24%	26.51%	40.17%	57.19%	80.67%	66.24%	67.52%	34.41%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$688.3M	$444.5M	$361.2M	$288.4M	$228.0M	$162.6M	$103.5M	$57.27M	$34.45M	$20.57M	$15.30M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$21.10M	$20.60M	$21.20M	$21.60M	$19.30M	$16.00M	$9.600M	$4.200M	$2.900M	$2.200M	$1.500M	$670.0K	$330.0K
YoY Change	2.43%	-2.83%	-1.85%	11.92%	20.63%	66.67%	128.57%	44.83%	31.82%	46.67%	123.88%	103.03%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$343.0M	$117.0M	$64.43M	$93.69M	$87.90M	$54.60M	$25.44M	$14.62M	$8.862M	$5.852M	$4.521M
YoY Change	193.21%	81.55%	-31.23%	6.58%	60.99%	114.64%	73.96%	65.01%	51.44%	29.44%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$82.83M	$210.3M	$210.8M	$47.39M	$23.47M	$46.05M	$98.25M	$17.21M	$34.40M	$17.44M	$27.94M	$14.80M	$14.30M
YoY Change	-60.62%	-0.22%	344.8%	101.96%	-49.04%	-53.14%	471.01%	-49.97%	97.27%	-37.6%	88.8%	3.5%	74.39%
Income Tax	$8.932M	$34.12M	$43.79M	-$12.15M	$5.431M	-$5.402M	-$2.245M	$3.443M	$13.80M	$7.388M	$0.00	$0.00	$0.00
% Of Pretax Income	10.78%	16.22%	20.78%	-25.65%	23.15%	-11.73%	-2.28%	20.01%	40.11%	42.37%	0.0%	0.0%	0.0%
Net Earnings	$73.90M	$176.2M	$167.0M	$59.54M	$18.03M	$51.45M	$100.5M	$13.77M	$20.63M	$10.05M	$28.06M	$16.10M	$14.30M
YoY Change	-58.06%	5.52%	180.46%	230.17%	-64.95%	-48.81%	629.68%	-33.22%	105.26%	-64.19%	74.3%	12.59%	74.39%
Net Earnings / Revenue	10.74%	39.64%	46.23%	20.65%	7.91%	31.63%	97.13%	24.05%	59.87%	48.86%	183.41%
Basic Earnings Per Share	$1.67	$4.02	$3.87	$1.46	$0.45	$1.28	$2.75	$0.40	$0.66	$0.42	$1.38
Diluted Earnings Per Share	$1.64	$3.924M	$3.71	$1.43	$0.44	$1.24	$2.65	$0.39	$0.65	$0.41	$1.37	$492.4K	$437.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$257.9M	$263.3M	$242.4M	$261.8M	$281.5M	$262.5M	$178.8M	$64.70M	$62.70M	$35.30M	$25.00M	$19.00M	$5.500M
YoY Change	-2.05%	8.62%	-7.41%	-7.0%	7.24%	46.81%	176.35%	3.19%	77.62%	41.2%	31.58%	245.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments									$0.00	$6.300M	$11.50M	$0.00	$0.00
YoY Change									-100.0%	-45.22%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$11.27B	$9.855B	$8.213B	$7.872B	$4.813B	$3.670B	$2.759B	$1.755B	$1.053B	$673.3M	$430.4M	$342.5M	$266.2M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$3.180M	$2.558M	$2.400M	$2.800M	$2.600M
YoY Change	24.32%	6.58%	-14.29%	7.69%
Deferred Revenue
YoY Change
Short-Term Debt						$1.400M			$0.00	$6.100M	$0.00	$0.00
YoY Change									-100.0%
Long-Term Debt Due				$14.50M		$0.00
YoY Change
Total Short-Term Liabilities	$3.180M	$2.558M	$2.400M	$17.30M	$2.600M	$1.400M				$6.100M
YoY Change	24.32%	6.58%	-86.13%	565.38%	85.71%
Long-Term Debt	$23.35M	$83.20M	$318.3M	$1.528B	$0.00	$0.00	$26.60M	$27.80M	$28.40M	$41.80M	$12.30M	$12.20M	$8.700M
YoY Change	-71.93%	-73.86%	-79.16%			-100.0%	-4.32%	-2.11%	-32.06%	239.84%	0.82%	40.23%
Other Long-Term Liabilities	$70.38M	$76.33M	$65.50M	$46.80M	$50.80M	$25.80M	$34.70M	$19.50M	$20.00M	$11.50M	$9.400M	$10.70M	$7.800M
YoY Change	-7.79%	16.54%	39.96%	-7.87%	96.9%	-25.65%	77.95%	-2.5%	73.91%	22.34%	-12.15%	37.18%
Total Long-Term Liabilities	$93.74M	$159.5M	$383.8M	$1.574B	$50.80M	$25.80M	$61.30M	$47.30M	$48.40M	$53.30M	$21.70M	$22.90M	$16.50M
YoY Change	-41.24%	-58.43%	-75.62%	2999.21%	96.9%	-57.91%	29.6%	-2.27%	-9.19%	145.62%	-5.24%	38.79%
Total Liabilities	$10.37B	$9.044B	$7.498B	$7.305B	$4.280B	$3.177B	$2.322B	$1.532B	$853.2M	$581.5M	$378.4M	$308.3M	$238.6M
YoY Change	14.64%	20.62%	2.65%	70.65%	34.74%	36.85%	51.49%	79.61%	46.72%	53.67%	22.74%	29.21%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	44.35M shares	43.86M shares	43.17M shares	40.68M	40.22M	40.06M	36.59M	34.20M	31.08M shares	23.97M shares	20.35M shares
Diluted Shares Outstanding	45.09M shares	44.91M shares	45.07M shares	41.77M	41.05M	41.45M	37.86M	35.09M	31.97M shares	24.42M shares	20.44M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.1903 Billion

About Live Oak Bancshares Inc

Live Oak Bancshares, Inc. is a bank holding company for Live Oak Banking Company, which operates as a national online platform for small business lending. The company is headquartered in Wilmington, North Carolina and currently employs 962 full-time employees. The company went IPO on 2015-07-23. The firm conducts business operations through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending and deposit-related services to small businesses nationwide. Its segments include Banking and Fintech. Banking segment specializes in providing financing services to small businesses nationwide in industries and deposit-related services to small businesses, consumers, and other customers nationwide. The Fintech segment is involved in making strategic investments in emerging financial technology companies. The Fintech segment is comprised of the Company's direct wholly owned subsidiaries, Live Oak Ventures, Inc. and Canapi Advisors, LLC, and the investments held by those entities, as well as the Bank's investment in Apiture, Inc. The Bank’s loan portfolio includes commercial and industrial loans, construction and development loans, commercial real estate, and commercial land.

Industry: State Commercial Banks Peers: Hilltop Holdings Inc Hope Bancorp Inc City Holding Co Eagle Bancorp Inc First Bancorp (North Carolina) PNC Financial Services Group Inc Trico Bancshares Triumph Financial Inc Veritex Holdings Inc Westamerica Bancorp