Exhibit 99.1 Wilmington, NC, April 24, 2024 - Live Oak Bancshares, Inc. (NYSE: LOB) ("Live Oak" or "the Company") today reported first quarter of 2024 net income of $16.5 million, or $0.36 per diluted share. "The Live Oak model continued to prove its fortitude in the first quarter as our teams marched ahead to steadily grow both sides of the balance sheet and delivered exceptional service to our customers," said Live Oak Chairman and CEO James S. (Chip) Mahan III. "In a challenging environment for our indus ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Live Oak Bancshares (LOB) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 24, 2024, might help the stock move higher if these key numbers are better tha ...

Employment and Workforce - As of December 31, 2023, the Company had 943 full-time employees, 18 part-time employees, and 37 independent contractors[27]. - The Company supports diversity and inclusion initiatives, with the number of Employee Resource Groups growing from nine to eleven in 2023[28]. - The Company emphasizes professional development through training programs and tuition reimbursement for job-specific certifications[35]. Business Segments and Operations - The Company has two reportable operating segments: Banking and Fintech[42]. - The Company formed Live Oak Private Wealth, LLC in 2018 to provide wealth and investment management services[40]. - The Company operates on a technology-based platform that enhances its ability to issue proposals and improve customer experience[39]. Financial Performance - Total assets increased to $11,271,423 thousand in 2023, up from $9,855,498 thousand in 2022, representing a growth of 14.3%[420]. - Net interest income for 2023 was $345,305 thousand, compared to $327,501 thousand in 2022, reflecting an increase of 5.4%[421]. - Total interest income rose to $688,275 thousand in 2023, a significant increase of 55% from $444,473 thousand in 2022[421]. - Net income for 2023 decreased to $73,898 thousand, down 58% from $176,208 thousand in 2022[422]. - Basic earnings per share for 2023 was $1.67, a decrease from $4.02 in 2022[421]. - Total deposits grew to $10,275,019 thousand in 2023, an increase of 15.6% from $8,884,928 thousand in 2022[420]. - Noninterest income totaled $111,733 thousand in 2023, down from $237,992 thousand in 2022, a decline of 53%[421]. - Total noninterest expense increased to $322,885 thousand in 2023, compared to $314,226 thousand in 2022, reflecting a rise of 2.1%[421]. - Total comprehensive income for 2023 was $81,497 thousand, slightly down from $81,944 thousand in 2022[422]. Capital and Regulatory Compliance - Bancshares' risk-based capital ratios as of December 31, 2023, were 11.73% for common equity Tier 1 capital to risk-weighted assets, 11.73% for Tier 1 capital to risk-weighted assets, and 12.98% for total capital to risk-weighted assets[69]. - Bancshares' leverage ratio at December 31, 2023, was 8.58%, down from 9.26% at December 31, 2022[70]. - Live Oak Bank was classified as "well capitalized" as of December 31, 2023, meeting all applicable capital requirements[73]. - Bancshares must comply with the Federal Reserve's capital adequacy standards and Live Oak Bank must comply with FDIC standards[66]. - The minimum risk-based capital ratios required are 4.5% for common equity Tier 1 capital, 6% for Tier 1 capital, and 8% for total capital[68]. - The Federal Reserve has established a minimum leverage ratio guideline of 4% for bank holding companies[70]. - Live Oak Bank is subject to extensive supervision and regulation by the NCCOB, which oversees state laws regarding bank capital and operations[57]. - The Company is subject to extensive regulation under the Bank Holding Company Act and must comply with NYSE listing standards[45]. Interest Rate and Risk Management - The Company manages interest rate risk through strategies involving available-for-sale securities, loan and lease portfolio, and available funding sources[379]. - The estimated change in net interest income for a +400 basis point change in interest rates for the 12 months ending December 31, 2024 is an increase of 0.4%[386]. - The estimated percentage change in economic value of equity (EVE) for a +400 basis point change in interest rates as of December 31, 2023 is a decrease of 26.9%[386]. - The Company has a cumulative gap in interest-earning assets and interest-bearing liabilities of 5.0% as of December 31, 2023, indicating that assets will reprice before liabilities[381]. Credit Losses and Asset Management - The allowance for credit losses (ACL) was $125.8 million as of December 31, 2023, reflecting the company's critical accounting estimate for expected credit losses on loans and leases[400]. - The company had $388.0 million of loans held for investment as of December 31, 2023, which are valued using the fair value option[403]. - The company's servicing assets were valued at $48.6 million as of December 31, 2023, with the valuation being a critical accounting estimate[405]. - The allowance for credit losses (ACL) is estimated using a quantitative modeling process based on historical credit loss experience and current conditions[464]. - The allowance for off-balance sheet credit exposures rose from $1.5 million in 2022 to $4.8 million in 2023, a significant increase of 220%[473]. Regulatory Changes and Compliance Risks - The Company is subject to complex and evolving laws regarding privacy and data security, impacting its operations significantly[85]. - The Dodd-Frank Act imposes enhanced restrictions on transactions with affiliates, affecting the Company's operational strategies[80]. - The Company must comply with numerous laws related to potential acquisition activities, limiting ownership and control without prior approval[78]. - Changes in laws or regulations could materially adversely affect the Company's financial condition or results of operations[117]. Audit and Internal Controls - The company maintained effective internal control over financial reporting as of December 31, 2023, based on the criteria established in the Internal Control – Integrated Framework[411]. - The audits conducted were in accordance with PCAOB standards, ensuring reasonable assurance that the consolidated financial statements are free of material misstatement[397]. - The company has been audited by FORVIS, LLP since 2010, ensuring continuity and consistency in the audit process[407]. Asset Valuation and Depreciation - The fair value of loans is sensitive to changes in underlying assumptions, particularly the discount rate, which is a significant factor in the valuation[403]. - The valuation of servicing assets incorporates assumptions such as prepayment speeds and discount rates, which are highly subjective[405]. - Rental equipment is depreciated on a straight-line basis over an estimated useful life of 20 to 25 years, with residual values ranging from 20% to 50%[477]. - The estimated useful lives for various premises and equipment are as follows: Buildings - 39 years, Transportation - 5-10 years, Land improvements - 10-15 years, Furniture and equipment - 5-10 years, Hardware and software - 3-5 years, Solar panels - 20-25 years[480].

Live Oak Bancshares, Inc. (NYSE:LOB) Q4 2023 Earnings Conference Call January 25, 2024 9:00 AM ET Company Participants Greg Seward – Chief General Counsel and Chief Risk Officer Chip Mahan – Chairman and Chief Executive Officer Walt Phifer – Chief Financial Officer BJ Losch – President-Live Oak Bank Conference Call Participants Steven Alexopoulos – JPMorgan Brandon King – Truist Michael Perito – KBW Operator Good morning, ladies and gentlemen, and welcome to the Live Oak Bancshares Q4 Earnings Conference Ca ...

$ in millions Balanced expense management through 2023, after growth in 2021-2022 from investing in our operations and technology teams $80 $60 ©2024 Live Oak Bancshares. All rights reserved. | View all disclosures at end of presentation A MERICAN 20 SBA lenders for 20 ©2024 Live Oak Bancshares. All rights reserved. FINANCIAL HIGHLIGHTS ©2024 Live Oak Bancshares. All rights reserved. | View all disclosures at end of presentation ©2024 Live Oak Bancshares. All rights reserved. | View all disclosures at end o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Wilmington, North Carolina 28403 (Address of principal executive offices) (Zip Code) (910) 790-5867 For the transition period from ________ to ________. Commission file number: 0 ...

LIVE OAK BANCSHARES, INC. ($ IN MILLIONS, EXCEPT PER SHARE DATA) 0.42% 0.22% 0.16% 0.15% 0.13% 0.11% 0.09% 0.08% Q4 2021 ◦ Added reserves for growth, future outlooks and unfunded commitments Live Oak Funding Costs and % Non-Interest Bearing Deposits Margin 2 ©2023 Live Oak Bancshares. All rights reserved. | View all disclosures at end of presentation Classified / ◦ Deposit rates/Interest expense; Faster, higher move in mid-late March 3.37% 2.69% Information in this presentation may contain "forward-looking ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Greg Seward - General Counsel & Chief Risk Officer Chip Mahan - Chairman & Chief Executive Officer BJ Losch - President & Chief Financial Officer Steven Smits - Chief Credit Officer Conference Call Participants Brandon King - Truist Securities Michael Perito - ABW Eric Spector - Raymond James Alex Lau - JPMorgan Operator Good morning, ladies and gentlemen, and welcome to the Live Oak Bancsh ...

FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1741 Tiburon Drive Wilmingto ...

Live Oak Bancshares, Inc. (NYSE:LOB) Q2 2023 Earnings Conference Call July 26, 2023 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 and Chief Banking Officer Huntley Garriott - President, Live Oak Bank Steven Smits - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler Steven Alexopoulos - JP Morgan David Feaster - Raymond James Brandon King - Truist Securi ...