Live Oak Bancshares, Inc. (LOB) Financial Statements (2023 and Earlier)

Company Profile

Business Address 1741 TIBURON DRIVE
WILMINGTON, NC 28403
State of Incorp. NC
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments192304135325298245113
Cash and cash equivalents192304135325298245113
Total current assets:192304135325298245113
Noncurrent Assets
Finance lease, right-of-use asset000
Operating lease, right-of-use asset232
Property, plant and equipment2402592792631796563
Long-term investments and receivables8478     
Long-term investments8478     
Intangible assets, net (including goodwill)    5  
Intangible assets, net (excluding goodwill)    5  
Total noncurrent assets:3273402822631846563
Other undisclosed assets7,6957,2294,3993,0832,2771,445877
TOTAL ASSETS:8,2137,8724,8153,6702,7581,7551,053
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   1   
Total current liabilities:   1   
Noncurrent Liabilities
Other undisclosed liabilities7,4987,3044,2833,1752,3221,532853
Total liabilities:7,4987,3044,2833,1772,3221,532853
Stockholders' equity
Stockholders' equity attributable to parent, including:715568532165119223199
Accumulated other comprehensive income (loss)22212(2)(1)(1)(0)
Retained earnings4012361801671202412
Other undisclosed stockholders' equity attributable to parent312311340  200188
Stockholders' equity attributable to noncontrolling interest      0
Other undisclosed stockholders' equity   328318  
Total stockholders' equity:715568532494437223199
TOTAL LIABILITIES AND EQUITY:8,2137,8724,8153,6702,7581,7551,053

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues473353261241214154112
Gain on disposition of assets for financial service operations112643375
Net investment income3612882281631035734
Financial services revenue1119777
Cost of revenue(15)(41)(20)(13)(16)(17)(7)
Cost of goods and services sold    (6)(5)(3)
Provision for loan, lease, and other losses(15)(41)(20)(13)
Financial services costs(10)(13)(4)
Gross profit:458312241228198137104
Operating expenses(56)(34)(38)(43)(109)(88)(58)
Operating income:402278203185904946
Nonoperating income
(Investment Income, Nonoperating)
      4
Interest and debt expense(64)(94)(88)(55)(25)(15)(9)
Income from continuing operations before equity method investments, income taxes:338184115130643541
Loss from equity method investments(2)(15)(8)   (0)
Other undisclosed income (loss) from continuing operations before income taxes(125)(122)(84)(84)34(17)(7)
Income from continuing operations before income taxes:211472346981734
Income tax expense (benefit)(44)12(5)52(3)(14)
Net income:1676018511001421
Net income attributable to noncontrolling interest     00
Net income available to common stockholders, diluted:1676018511001421

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1676018511001421
Other comprehensive income (loss)(20)1013(0)(0)(0)(0)
Comprehensive income:1476931511001320
Comprehensive income, net of tax, attributable to noncontrolling interest     00
Comprehensive income, net of tax, attributable to parent:1476931511001320

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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