The bank maintains a stable equity-to-assets ratio of 0.08 while scaling its securities portfolio to $13.3 billion as of 2026Q1 to support liquidity needs.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Cash & Short Term Investments | 7B | 1.73B | 634.39M | 1.71B | 1.3B | 1.1B | 1.05B | 671.9M | 704.56M | 391.63M | 316.31M | 166.62M | 89.22M | 56.69M | 59.59M | 44.38M |
| Cash & Due from Banks | 816.13M | 865.15M | 609.05M | 582.79M | 284.24M | 191.95M | 303.67M | 131.86M | 324.07M | 298.27M | 245.26M | 112.86M | 39.9M | 37.24M | 44.17M | 27.54M |
| Short Term Investments | 1.43B | 861.6M | 25.34M | 1.13B | 1.01B | 906.05M | 750.1M | 540.04M | 380.49M | 93.36M | 71.06M | 53.76M | 49.32M | 19.45M | 15.42M | 16.84M |
| Total Investments | 13.27B | 13.06B | 11.66B | 10.02B | 8.82B | 7.48B | 7.02B | 4.11B | 2.88B | 2.09B | 1.35B | 806.93M | 550.37M | 328.98M | 248.16M | 209.82M |
| Investments Growth % | 50.4% | 12.03% | 16.35% | 13.66% | 17.87% | 6.58% | 70.94% | 42.61% | 37.51% | 54.54% | 67.88% | 46.62% | 67.3% | 32.57% | 18.27% | - |
| Long-Term Investments | 47.51B | 12.2B | 11.63B | 8.9B | 7.8B | 6.57B | 6.27B | 3.57B | 2.5B | 2B | 1.28B | 753.17M | 501.05M | 309.53M | 232.74M | 192.98M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36.87M | 10M | 22.05M | 0 | 0 | 9.75M | 6.12M | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.16M | 7.28M | 18.74M | 0 | 0 | 6.44M | 2.69M | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.71M | 2.72M | 3.31M | 0 | 0 | 3.31M | 3.43M | 0 |
| PP&E (Net) | 235.33M | 240.2M | 264.06M | 257.88M | 263.29M | 240.2M | 259.27M | 279.1M | 262.52M | 178.79M | 64.66M | 62.65M | 35.28M | 25.04M | 18.95M | 5.46M |
| Other Assets | 1.76B | 966.41M | 410.21M | 409.55M | 491.03M | 301M | 291.18M | 296.32M | 204.98M | 187.82M | 90.65M | 70.18M | 47.76M | 39.1M | 31.18M | 23.33M |
| Total Current Assets | 905.13M | 1.73B | 634.39M | 1.71B | 1.3B | 1.1B | 1.05B | 671.9M | 704.56M | 388.63M | 316.31M | 166.62M | 89.22M | 56.69M | 59.59M | 44.38M |
| Total Non-Current Assets | 14.39B | 13.41B | 12.31B | 9.56B | 8.56B | 7.12B | 6.82B | 4.14B | 2.97B | 2.37B | 1.44B | 886M | 584.1M | 373.67M | 282.88M | 221.78M |
| Total Assets | 15.3B | 15.13B | 12.94B | 11.27B | 9.86B | 8.21B | 7.87B | 4.81B | 3.67B | 2.76B | 1.76B | 1.05B | 673.32M | 430.36M | 342.47M | 266.16M |
| Asset Growth % | 62.33% | 16.93% | 14.83% | 14.37% | 19.99% | 4.33% | 63.57% | 31.12% | 33.06% | 57.15% | 66.75% | 56.33% | 56.46% | 25.66% | 28.67% | - |
| Return on Assets (ROA) | 0.84% | 0.74% | 0.64% | 0.7% | 1.95% | 2.08% | 0.94% | 0.43% | 1.6% | 4.45% | 0.98% | 2.39% | 1.82% | 7.26% | 5.29% | 5.38% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 99.75M | 102.4M | 112.82M | 23.35M | 83.2M | 318.29M | 1.54B | 28K | 2.9M | 26.56M | 31.82M | 32.75M | 47.95M | 12.32M | 12.21M | 8.66M |
| Net Debt | -716.39M | -762.75M | -496.23M | -559.44M | -201.04M | 126.34M | 1.24B | -131.83M | -321.18M | -271.71M | -213.44M | -80.11M | 8.05M | -24.92M | -31.97M | -18.88M |
| Long-Term Debt | 99.75M | 102.4M | 112.82M | 23.35M | 33.2M | 310.28M | 1.53B | 14K | 1.44M | 3.57M | 3.98M | 4.38M | 12.72M | 12.32M | 12.21M | 8.66M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 50M | 8M | 14.49M | 0 | 1.44M | 22.99M | 23.86M | 24M | 35.22M | 0 | 0 | 0 |
| Other Liabilities | 13.92B | 89.61M | 66.57M | 70.38M | 76.33M | 67.93M | 49.53M | 53.43M | 24.41M | 34.71M | 15.52M | 15.6M | 11.47M | 13.02M | 11.83M | 7.75M |
| Total Current Liabilities | 13.84B | 13.69B | 11.76B | 10.28B | 8.93B | 7.12B | 5.73B | 4.23B | 3.15B | 2.28B | 1.51B | 828.79M | 557.3M | 356.62M | 286.67M | 222.16M |
| Total Non-Current Liabilities | 14.02B | 192.01M | 179.39M | 93.74M | 109.54M | 378.22M | 1.58B | 53.46M | 25.86M | 38.29M | 23.47M | 24.35M | 24.2M | 25.34M | 24.03M | 16.41M |
| Total Liabilities | 14.02B | 13.88B | 11.94B | 10.37B | 9.04B | 7.5B | 7.3B | 4.28B | 3.18B | 2.32B | 1.53B | 853.13M | 581.5M | 381.96M | 310.71M | 238.57M |
| Total Equity | 1.28B | 1.25B | 1B | 902.67M | 811.03M | 715.13M | 567.85M | 532.39M | 493.56M | 436.93M | 222.85M | 199.49M | 91.81M | 48.39M | 31.76M | 27.58M |
| Equity Growth % | 79.62% | 24.97% | 11.17% | 11.3% | 13.41% | 25.94% | 6.66% | 7.87% | 12.96% | 96.07% | 11.71% | 117.27% | 89.74% | 52.36% | 15.14% | - |
| Equity / Assets (Capital Ratio) | 8.38% | 8.29% | 7.75% | 8.01% | 8.23% | 8.71% | 7.21% | 11.06% | 13.45% | 15.84% | 12.7% | 18.95% | 13.64% | 11.24% | 9.27% | 10.36% |
| Return on Equity (ROE) | 10.33% | 9.19% | 8.13% | 8.62% | 23.09% | 26.03% | 10.82% | 3.52% | 11.06% | 30.46% | 6.52% | 14.16% | 14.33% | 70.02% | 54.24% | 51.89% |
| Book Value per Share | 27.68 | 27.09 | 21.84 | 20.02 | 18.06 | 15.87 | 13.59 | 12.97 | 11.91 | 11.54 | 6.35 | 6.24 | 3.13 | 1.65 | 1.30 | 0.94 |
| Tangible BV per Share | 27.68 | 27.09 | 21.84 | 20.02 | 18.06 | 15.87 | 13.59 | 12.97 | 11.02 | 11.28 | 5.72 | 6.24 | 3.13 | 1.32 | 1.05 | 0.94 |
| Common Stock | 392.26M | 388.39M | 365.61M | 344.57M | 330.85M | 312.29M | 310.62M | 340.4M | 328.11M | 317.73M | 199.98M | 187.51M | 98.67M | 18.32M | 20.54M | 19.7M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98.67M | 18.32M | 20.54M | 19.7M |
| Retained Earnings | 836.44M | 809.88M | 715.77M | 642.82M | 572.5M | 400.89M | 235.72M | 180.26M | 167.12M | 120.24M | 23.52M | 12.14M | -6.94M | 30.26M | 11.98M | 7.38M |
| Accumulated OCI | -47.35M | -44.67M | -82.34M | -84.72M | -92.32M | 1.95M | 21.51M | 11.72M | -1.68M | -1.03M | -652K | -192K | -98.59M | -18.51M | -19.99M | -19.19M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 96.27M | 96.27M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SBA secondary market volatility
According to the bank's quarterly financial statements, total assets expanded from $11.3 billion in 2023Q4 to $15.3 billion in 2026Q1, reflecting a consistent growth trajectory driven by the bank's specialized lending model rather than inorganic acquisitions or significant balance sheet restructuring.
The consistent growth in total assets suggests that the bank is successfully scaling its niche underwriting platform to capture market share in specialized verticals. Investors should monitor whether this rapid expansion in asset volume can be sustained without compromising the credit quality of the underlying loan book.
As reported in the bank's regulatory filings, the equity-to-assets ratio has remained remarkably stable at 0.08 throughout the ten-quarter period, indicating that management is effectively matching capital retention with the bank's ongoing asset growth to maintain a consistent regulatory capital buffer.
Maintaining a steady capital ratio while growing the balance sheet by over 35% suggests a disciplined approach to capital management. This stability appears to provide a sufficient cushion for the bank to absorb potential credit volatility within its specialized small business loan portfolios.
Based on the provided financial data, the bank maintains a significant securities portfolio, which grew from $10.0 billion in 2023Q4 to $13.3 billion in 2026Q1, serving as the primary liquidity engine for the institution's branchless, digital-first deposit gathering model.
The heavy concentration in investment securities relative to total assets suggests that the bank relies on its securities portfolio to manage liquidity and interest rate risk. This strategy warrants further investigation into the duration and market value sensitivity of these holdings, particularly in a fluctuating interest rate environment.
Financial statements indicate that the bank's reliance on a $13.3 billion securities portfolio, as of 2026Q1, creates a non-obvious risk profile where the institution's liquidity is heavily tied to the market value of these assets rather than a traditional, sticky retail deposit base.
While the current liquidity position appears healthy, the lack of a traditional branch-based deposit franchise may expose the bank to higher funding costs or liquidity pressure during periods of market stress. Investors should monitor the potential for unrealized losses within the securities portfolio to impact future capital adequacy.
Quick answers to the most common questions about buying LOB stock.
As of 2025, Live Oak Bancshares, Inc. (LOB) had total assets of $15.13B including $1.73B in current assets.
Live Oak Bancshares, Inc. (LOB) carries total debt of $102.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Live Oak Bancshares, Inc. (LOB) has total shareholders' equity (book value) of $1.25B ($27.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Live Oak Bancshares, Inc. (LOB) reported a current ratio of 0.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.