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, 2021 or 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 jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | | 1741 Tib ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q3 2021 Earnings Conference Call October 28, 2021 9:00 AM ET Company Participants Gregory Seward - EVP & General Counsel James Mahan - Chairman & CEO Steven Smits - Chief Credit Officer William Losch - CFO Neil Underwood - President & Director Renato Derraik - Chief Digital Officer Huntley Garriott - President, Live Oak Banking Company Conference Call Participants Steven Alexopoulos - JPMorgan Chase & Co. Jennifer Demba - Truist Securities Michael Perito - KBW Christophe ...

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, 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 | | --- | --- | | (S ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q2 2021 Earnings Conference Call July 22, 2021 9:00 AM ET Company Participants Greg Seward - EVP and General Counsel Chip Mahan - Chairman and CEO Neil Underwood - President and Director Huntley Garriott - President, Live Oak Banking Company Brett Caines - CFO Steve Smits - Chief Credit Officer Conference Call Participants Jennifer Demba - Truist Securities Michael Perito - KBW Steven Alexopoulos - JPMorgan Chris Donat - Piper Sandler Operator Good day and thank you for ...

| --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | SECOND QUARTER 2021 | | | | July 22, 2021 | | | | ©2021 Live Oak Banking Company. All rights reserved. Member FDIC. Equal Housing Lender. | | | 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 fin ...

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, 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 | | | --- | --- | ...

| --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|----------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | FIRST QUARTER | | | | | 2021 April 22, 2021 | | | | | ©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 ...

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 ...