| --- | --- | --- | |------------------------------------------------------------------|-------|-------| | | | | | THIRD QUARTER 2022 | | | | ©2022 Live Oak Bancshares. All rights reserved. October 27, 2022 | | | 2 FORWARD LOOKING STATEMENTS Information in this presentation may contain "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These statements generally relate to our financial condition, results of operations, plans, objectives, future performance or business ...

Financial Data and Key Metrics Changes - Earnings per share for Q3 2022 were $0.96, driven by strong net interest income and loan growth, with net interest margin at $3.84, declining just 5 basis points from the previous quarter despite 150 basis points of rate hikes [15][20] - Net interest income grew 26% year-over-year, with loan growth at 23%, and total revenue increased by 12% year-over-year [16][20] - Adjusted PPNR was up 21% due to strong net interest income growth and higher fee income [18] Business Line Data and Key Metrics Changes - Loan production reached $1 billion, with pipelines near all-time highs and credit quality remaining strong [16][20] - The average charge-off ratio for the company is significantly lower than the industry average, with 66% of loans originated under the SBA 7(a) program [12] - The company has seen diverse loan originations across various verticals, particularly in established sectors like agriculture and newer sectors like SBA General Lending [22] Market Data and Key Metrics Changes - The company reported that 43% of its total loan portfolio is government guaranteed, contributing to low nonaccruals and past dues [25] - The sentiment among small businesses has deteriorated, with many expecting a slowdown, yet the company's current credit performance remains strong [28][30] Company Strategy and Development Direction - The company emphasizes the importance of capital management in a potentially declining economy, focusing on maintaining a strong balance sheet [5][6] - Plans to enhance the lending platform and technology infrastructure, including a new loan origination platform to improve efficiency [34][37] - The company aims to expand its addressable market by offering working capital products and deposits to small businesses [29][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the uncertainty in the economic environment but expresses confidence in the company's ability to navigate challenges and capitalize on opportunities [6][13] - The company anticipates that as the Fed's rate hikes stabilize, net interest margins will also stabilize and potentially improve [45][46] - Management remains vigilant regarding credit quality and is proactively engaging with existing customers to mitigate risks [25] Other Important Information - The company has invested $52 million in fintech companies since 2015, yielding significant returns and contributing to non-dilutive capital generation [11] - The company is excited about the recent launch of its checking account product, which has seen rapid customer acquisition [35] Q&A Session Summary Question: Cost of deposits and funding sources - Management indicated that deposit costs are expected to rise as the Fed continues its tightening cycle, with a mix of funding coming from both online savings and CDs [41][44] Question: Expectations for net interest margin (NIM) - Management expects NIM to stabilize at the higher end of the previously discussed range, with potential for modest increases in 2023 [45][46] Question: Venture portfolio valuations - Management expressed confidence in the current valuations of their venture portfolio, citing strong investor support and the quality of the companies involved [48][49] Question: Business checking account growth - The company reported an average balance of $5,000 to $10,000 across its new checking accounts, with plans to target larger businesses with treasury management capabilities in the future [54][56] Question: Noninterest-bearing deposit mix - Management anticipates a modest increase in the noninterest-bearing deposit mix, with significant growth expected over the next five years [59][60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 001-37497 LIVE OAK BANCSHARES, INC. (Exact name of registrant as specified in its charter) | North Carolina | | | 26-4596286 | | | --- | --- ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q2 202 Earnings Conference Call July 28, 2022 9:00 AM ET Company Participants Greg Seward - Chief Risk Officer and General Counsel Chip Mahan - Chairman and Chief Executive Officer William Losch - Chief Financial Officer Huntley Garriott - President Micah Davis - Chief Marketing Officer Conference Call Participants Steven Alexopoulos - JP Morgan Crispin Love - Piper Sandler Jennifer Demba - Truist Securities Operator Good day and thank you for standing by. Welcome to the ...

| --- | --- | --- | --- | |---------------------|-------|-------|-------| | | | | | | SECOND QUARTER 2022 | | | | FORWARD LOOKING STATEMENTS Information in this presentation may contain "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These statements generally relate to our financial condition, results of operations, plans, objectives, future performance or business and usually can be identified by the use of forward-looking terminology such as "may," "will," "would ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 001-37497 LIVE OAK BANCSHARES, INC. (Exact name of registrant as specified in its charter) | North Carolina 26-4596286 | | --- | | (State or ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Greg Seward – General Counsel Chip Mahan – Chairman and Chief Executive Officer William Losch – Chief Financial Officer Huntley Garriott – President Renato Derraik – Chief Information and Digital Officer Steve Smits – Chief Credit Officer Conference Call Participants Steven Alexopoulos – JPMorgan Crispin Love – Piper Sandler Michael Perito – KBW Jennifer Demba – Truist Securities Operator Goo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-37497 LIVE OAK BANCSHARES, INC. (Exact name of registrant as specified in its charter) | North Carolina | 26-4596286 | | --- | --- | | (State ...

| --- | --- | --- | |-----------------------------------------------------------------------|-------|-------| | | | | | FOURTH QUARTER | | | | ©2022 Live Oak Bancshares. All rights reserved. 2021 January 26, 2022 | | | FORWARD LOOKING STATEMENTS Information in this presentation may contain "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These statements generally relate to our financial condition, results of operations, plans, objectives, future performance or busin ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q4 2021 Earnings Conference Call January 26, 2022 8:30 AM ET Company Participants Greg Seward – Executive Vice President and General Counsel Chip Mahan – Chairman and Chief Executive Officer William Losch – Chief Financial Officer Huntley Garriott – President Neil Underwood – President Conference Call Participants Jennifer Demba – Truist Securities Steven Alexopoulos – JPMorgan Michael Perito – KBW Chris Donat – Piper Sandler Greg Seward Thank you, and good morning, ever ...