Financial Data and Key Metrics Changes - The company reported a pre-tax pre-provision income of $24 million for Q1 2021, which could be closer to $30 million if accounting adjustments were considered [28][29] - The headline earnings number was $0.88, reflecting strong growth in net interest income and a decrease in provisions [36][37] - Loan growth was up 33% year-over-year, excluding PPP loans, and 5.5% linked quarter [35] Business Line Data and Key Metrics Changes - The company originated and closed $1.180 billion in loans during Q1 2021, with $672 million being non-PPP loans and $508 million in PPP loans [16] - The adjusted pre-tax pre-provision earnings number, excluding PPP, was up over 35% year-over-year [37] - The net interest margin increased by 13 basis points to 3.46%, driven by PPP and lower deposit costs [52] Market Data and Key Metrics Changes - The company reported strong loan originations and balance sheet growth, with a solid performance in the USDA loan market [46] - The company opened 64,000 accounts, resulting in $4.8 billion of retail deposits, up from $4.3 billion at the end of the previous year [50] - The Tier 1 leverage ratio was approximately 8.50%, indicating a strong capital position [56] Company Strategy and Development Direction - The company aims to build out checking and operating accounts to better position itself for a rising rate environment [71] - The focus remains on supporting small business customers and leveraging technology to enhance service delivery [33][59] - The company is optimistic about the potential benefits from the Restaurant Rehabilitation Fund for impacted borrowers [14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding credit quality, noting that many businesses are stronger today than pre-COVID due to government programs [11][12] - The company anticipates charge-offs for the remainder of the year to reflect pre-COVID levels, with a focus on maintaining strong credit quality [11][12] - Management highlighted the importance of adapting to changes in the operating environment as government assistance winds down [7][41] Other Important Information - The company has re-entered the investment tax credit market, supporting renewable energy lending with expected IRR of about 20% [42] - The company is focused on reducing the amount of loans measured at fair value to drive more predictable revenue [39][40] - The company has added significant personnel to support growth, including five lending officers and 25 closers [18] Q&A Session Summary Question: What are the biggest risks to budget and earnings expectations in 2021? - Management identified prepayment speeds as a potential risk that could affect fair value numbers and balance sheet growth [66][67] Question: Update on the lawsuit referenced in the press release? - Management stated that there is no new update beyond what was disclosed previously [69] Question: Thoughts on legal fees for the rest of the year? - Management expressed hope for reduced legal fees moving forward [70] Question: How to position the funding base for a different rate environment? - Management emphasized the importance of building checking accounts to capture advantages in a rising rate environment [71] Question: Update on loan originations and non-performers? - Management noted that Q1 is typically a slower quarter for loan originations and that the uptick in non-performers was tied to pre-existing challenges exacerbated by COVID [103][106] Question: Marketing strategy for checking accounts? - Management indicated that initial focus is on stabilizing the system, with plans to leverage word-of-mouth and partnerships for distribution in the future [108][110]

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, 2020 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 ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q4 2020 Earnings Conference Call January 28, 2021 9:00 AM ET Company Representatives Chip Mahan - Chairman, Chief Executive Officer Kay Anderson - Senior Vice President of Emerging Markets Huntley Garriott - President, Live Oak Bank Brett Caines - Chief Financial Officer Steve Smits - Chief Credit Officer Micah Davis - Chief Marketing Officer Neil Underwood – President, Live Oak Bancshares Greg Seward - General Counsel Conference Call Participants Jennifer Demba - Truis ...

| --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|----------------------------|-------|-------| | | | | | | FOURTH QUARTER | | | | | 2020 January 28, 2020 | | | | | | | | | | ©2021 Live Oak Banking Company. All rights reserved. Member FDIC. Equal Housing Lender. | Confidential & Proprietary | | | FORWARD LOOKING STATEMENTS Information in this presentation may contain "forward-looking statements" within the Private Securities Litigation Refor ...

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 September 30, 2020 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 other jur ...

| --- | --- | --- | |--------------------|-------|-------| | | | | | THIRD QUARTER 2020 | | | | October 22, 2020 | | | ©2020 Live Oak Bancshares. All rights reserved. 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 forw ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q3 2020 Earnings Conference Call October 22, 2020 9:00 AM ET Company Participants Gregory Seward - EVP & General Counsel Chip Mahan - Chairman & CEO Neil Underwood - President & Director Huntley Garriott - President, Live Oak Banking Company Steven Caines - CFO Steven Smits - Chief Credit Officer Conference Call Participants Jennifer Demba - Truist Securities Christopher Donat - Piper Sandler & Co. Ammar Samma - Raymond James & Associates Operator Ladies and gentlemen, t ...

☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ 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 other jurisdic ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q2 2020 Results Earnings Conference Call July 23, 2020 9:00 AM ET Company Participants Greg Seward - General Counsel Chip Mahan - Chairman and CEO Huntley Garriott - President Brett Caines - CFO Steve Smits - Chief Credit Officer Neil Underwood - President and Chief Operating Officer Conference Call Participants Jennifer Demba - SunTrust Chris Donat - Piper Sandler Operator Ladies and gentlemen thank you for standing by and welcome to the Q2 2020 Live Oak Bancshares, Inc ...

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, 2020 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 ...