Live Oak Bancshares, Inc. (LOB) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

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 investments304135325298245113
Cash and cash equivalents304135325298245113
Total current assets:304135325298245113
Noncurrent Assets
Finance lease, right-of-use asset00
Operating lease, right-of-use asset32
Property, plant and equipment2592792631796563
Long-term investments and receivables78     
Long-term investments78     
Intangible assets, net (including goodwill)   5  
Intangible assets, net (excluding goodwill)   5  
Total noncurrent assets:3402822631846563
Other undisclosed assets7,2294,3993,0832,2771,445877
TOTAL ASSETS:7,8724,8153,6702,7581,7551,053
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  1   
Total current liabilities:  1   
Noncurrent Liabilities
Other undisclosed liabilities7,3044,2833,1752,3221,532853
Total liabilities:7,3044,2833,1772,3221,532853
Stockholders' equity
Stockholders' equity attributable to parent, including:568532165119223199
Accumulated other comprehensive income (loss)2212(2)(1)(1)(0)
Retained earnings2361801671202412
Other undisclosed stockholders' equity attributable to parent311340  200188
Stockholders' equity attributable to noncontrolling interest     0
Other undisclosed stockholders' equity  328318  
Total stockholders' equity:568532494437223199
TOTAL LIABILITIES AND EQUITY:7,8724,8153,6702,7581,7551,053

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues353261241214154112
Gain on disposition of assets for financial service operations643375
Net investment income2882281631035734
Financial services revenue1119777
Cost of revenue(41)(20)(13)(16)(17)(7)
Cost of goods and services sold   (6)(5)(3)
Provision for loan, lease, and other losses(41)(20)(13)
Financial services costs(10)(13)(4)
Gross profit:312241228198137104
Operating expenses(34)(38)(43)(109)(88)(58)
Operating income:278203185904946
Nonoperating income
(Investment Income, Nonoperating)
     4
Interest and debt expense(94)(88)(55)(25)(15)(9)
Income from continuing operations before equity method investments, income taxes:184115130643541
Loss from equity method investments(15)(8)   (0)
Other undisclosed income (loss) from continuing operations before income taxes(122)(84)(84)34(17)(7)
Income from continuing operations before income taxes:472346981734
Income tax expense (benefit)12(5)52(3)(14)
Net income:6018511001421
Net income attributable to noncontrolling interest    00
Net income available to common stockholders, diluted:6018511001421

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6018511001421
Other comprehensive income (loss)1013(0)(0)(0)(0)
Comprehensive income:6931511001320
Comprehensive income, net of tax, attributable to noncontrolling interest    00
Comprehensive income, net of tax, attributable to parent:6931511001320

Statements sources

The financial statements are based on the company's filings with the 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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