LOB (Live Oak Bancshares) Credit Losses Provision : $108.8 Mil (As of Dec. 2024)

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What is Live Oak Bancshares Credit Losses Provision?

Live Oak Bancshares's credit losses provision for the three months ended in Dec. 2024 was $33.6 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2024 was $108.8 Mil.

Live Oak Bancshares's quarterly credit losses provision increased from Jun. 2024 ($11.8 Mil) to Sep. 2024 ($34.5 Mil) but then declined from Sep. 2024 ($34.5 Mil) to Dec. 2024 ($33.6 Mil).

Live Oak Bancshares's annual credit losses provision increased from Dec. 2022 ($40.9 Mil) to Dec. 2023 ($51.3 Mil) and increased from Dec. 2023 ($51.3 Mil) to Dec. 2024 ($96.2 Mil).

Live Oak Bancshares Credit Losses Provision Historical Data

The historical data trend for Live Oak Bancshares's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Live Oak Bancshares Credit Losses Provision Chart

Live Oak Bancshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Credit Losses Provision

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40.66

15.21

40.94

51.32

96.21

Live Oak Bancshares Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Credit Losses Provision	Get a 7-Day Free Trial															16.36	11.77	34.50	33.58	28.96

Live Oak Bancshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $108.8 Mil.

Live Oak Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Live Oak Bancshares Inc (NYSE:LOB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1741 Tiburon Drive, Wilmington, NC, USA, 28403

Website

https://www.liveoakbank.com

Live Oak Bancshares Inc operates as the bank holding company for the Live Oak Banking Company. The company specializes in lending and deposit-related services to small businesses nationwide. The company identifies and extends lending to credit-worthy borrowers both within specific industries, also called verticals, through expertise within those industries, and more broadly to select borrowers outside of those industries. A portion of the loans originated by the Bank are partially guaranteed by the Small Business Administration under the 7(a) Loan Program and the U.S. Department of Agriculture Rural Energy for America Program, Water and Environmental Program, Business and Industry and Community Facilities loan programs.

Executives

John W. Sutherland	officer: Chief Accounting Officer	1741 TIBURON DRIVE, WILMINGTON NC 28403
Gregory W Seward	officer: General Counsel	1741 TIBURON DRIVE, WILMINGTON NC 28403
William Henderson Cameron	director	POST OFFICE BOX 3649, WILMINGTON NC 28406
Tonya Williams Bradford	director	C/O LIVE OAK BANCSHARES, INC., 1741 TIBURON DRIVE, WILMINGTON NC 28403
Micah S Davis	officer: Chief Marketing & Comm Officer	1741 TIBURON DRIVE, WILMINGTON NC 28403
Miltom Emmett Petty	director	1741 TIBURON DRIVE, WILMINTON NC 28403
Steve Smits	officer: Chief Credit Officer	1741 TIBURON DRIVE, WILMINGTON NC 28403
Renato Derraik	officer: Chief Info. & Digital Officer	C/O LIVE OAK BANCSHARES, INC., 1741 TIBURON DRIVE, WILMINGTON NC 28403
David G Lucht	director	II CASCADE PLAZA, AKRON OH 44308
Yousef A. Valine	director	165 MADISON AVENUE, MEMPHIS TN 38103
Diane Beth Glossman	director	2820 RIVER ROAD, NEW HOPE PA 18938
Casey S Crawford	director	1741 TIBURON DRIVE, WILMINGTON NC 28403
Stephanie Mann	officer: Chief Strategy Officer	1741 TIBURON DRIVE, WILMINGTON NC 28403
Spencer Courtney	officer: Chief Experience Officer	1741 TIBURON DRIVE, WILMINGTON NC 28403
Losch William C Iii	officer: Chief Financial Officer	165 MADISON AVENUE, MEMPHIS TN 38103