Call reports 2024
LIVE OAK BANKING COMPANY — 2024
What LIVE OAK BANKING COMPANY reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 11,430,230,000 | 11,787,005,000 | 12,525,707,000 | 12,855,986,000 |
| Total loans | 9,223,310,000 | 9,535,765,000 | 10,191,867,000 | 10,579,377,000 |
| Allowance for loan losses | 139,041,000 | 137,867,000 | 168,737,000 | 167,516,000 |
| Securities available for sale | 1,120,622,000 | 1,151,195,000 | 1,233,465,000 | 1,248,202,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 10,463,812,000 | 10,785,317,000 | 11,474,355,000 | 11,820,718,000 |
| Interest-bearing deposits | 10,156,693,000 | 10,443,018,000 | 11,141,703,000 | 11,441,604,000 |
| Noninterest-bearing deposits | 307,119,000 | 342,299,000 | 332,652,000 | 379,114,000 |
| Equity capital | 890,755,000 | 926,583,000 | 975,293,000 | 970,430,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 192,156,000 | 390,405,000 | 599,165,000 | 811,539,000 |
| Interest expense | 101,998,000 | 207,356,000 | 317,532,000 | 430,890,000 |
| Net interest income | 90,158,000 | 183,049,000 | 281,633,000 | 380,649,000 |
| Noninterest income | 23,038,000 | 52,963,000 | 83,103,000 | 113,087,000 |
| Noninterest expense | 72,182,000 | 145,043,000 | 218,817,000 | 296,385,000 |
| Provision for loan losses | 16,364,000 | 23,443,000 | 56,023,000 | 88,368,000 |
| Pretax income | 23,756,000 | 61,978,000 | 82,457,000 | 100,312,000 |
| Income tax | -4,300,000 | 5,410,000 | 10,861,000 | 15,779,000 |
| Net income | 28,056,000 | 56,568,000 | 71,596,000 | 84,533,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 954,351,000 | 988,720,000 | 1,007,058,000 | 1,020,820,000 |
| Total capital | 1,055,468,000 | 1,093,684,000 | 1,120,642,000 | 1,138,006,000 |
| Risk-weighted assets | 8,045,641,000 | 8,353,800,000 | 9,019,242,000 | 9,310,925,000 |
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