Live Oak Bancshares, Inc. (LOB) FY2025 10-K Annual Report

Filed: Feb 27, 2026
Financials
State Commercial BanksSEC EDGAR

Live Oak Bancshares, Inc. (LOB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Live Oak Bancshares, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: National online platform for SBA-guaranteed small business lending and deposit gathering
  • Emphasis on technology-based platform optimizing loan origination, customer experience, and servicing without traditional branches
+3 more insights

Management Discussion & Analysis

  • Revenue: Net interest income $448.4M, up 19.3% YoY from $375.9M; net gains on loan sales $62.5M, up 25.4%
  • Profitability: Net income $102.8M vs $77.5M, EPS $2.23 vs $1.69; net interest margin 3.30% vs 3.27%
+3 more insights

Risk Factors

  • SBA Preferred Lender status risk, potential loss could materially harm business due to dependency on SBA 7(a) and USDA loan programs
  • U.S. government shutdown or default risk, impeding SBA and USDA loan origination and secondary market sales, materially affecting operations
+3 more insights

Live Oak Bancshares, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$908M

+11.8% YoY

Net Income

$106M

+36.7% YoY

Net Margin

11.7%

+212bp YoY

ROE

8.5%

+72bp YoY

Total Assets

$15.1B

+16.9% YoY

EPS (Diluted)

$2.23

+32.0% YoY

Operating Cash Flow

$158M

-70.5% YoY

Source: XBRL data from Live Oak Bancshares, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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