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Live Oak Bancshares (LOB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2023, Live Oak Bancshares (LOB - Free Report) reported revenue of $119.68 million, up 14% over the same period last year. EPS came in at $0.36, compared to $0.04 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $119.36 million, representing a surprise of +0.27%. The company delivered an EPS surprise of -35.71%, with the consensus EPS estimate being $0.56.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Live Oak Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 77.9% versus 68.7% estimated by four analysts on average.
Net Interest Margin: 3.3% versus the four-analyst average estimate of 3.4%.
Average Balance - Total interest-earning assets: $10.69 billion compared to the $10.51 billion average estimate based on three analysts.
Net charge-offs to average loans and leases held for investment: 0.2% versus 0.2% estimated by three analysts on average.
Total noninterest income: $30.11 million compared to the $28.76 million average estimate based on four analysts.
Net Interest Income: $89.58 million versus $90.60 million estimated by four analysts on average.
Net gains on sales of loans: $12.89 million versus $12.40 million estimated by three analysts on average.
Loan servicing revenue: $7.34 million versus the three-analyst average estimate of $7.35 million.
Management fee income: $3.31 million versus $3.31 million estimated by two analysts on average.
Lease income: $2.44 million versus the two-analyst average estimate of $2.52 million.
Other noninterest income: $8.61 million versus the two-analyst average estimate of $3.70 million.
Shares of Live Oak Bancshares have returned -7.1% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Live Oak Bancshares (LOB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Live Oak Bancshares (LOB - Free Report) reported revenue of $119.68 million, up 14% over the same period last year. EPS came in at $0.36, compared to $0.04 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $119.36 million, representing a surprise of +0.27%. The company delivered an EPS surprise of -35.71%, with the consensus EPS estimate being $0.56.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Live Oak Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 77.9% versus 68.7% estimated by four analysts on average.
- Net Interest Margin: 3.3% versus the four-analyst average estimate of 3.4%.
- Average Balance - Total interest-earning assets: $10.69 billion compared to the $10.51 billion average estimate based on three analysts.
- Net charge-offs to average loans and leases held for investment: 0.2% versus 0.2% estimated by three analysts on average.
- Total noninterest income: $30.11 million compared to the $28.76 million average estimate based on four analysts.
- Net Interest Income: $89.58 million versus $90.60 million estimated by four analysts on average.
- Net gains on sales of loans: $12.89 million versus $12.40 million estimated by three analysts on average.
- Loan servicing revenue: $7.34 million versus the three-analyst average estimate of $7.35 million.
- Management fee income: $3.31 million versus $3.31 million estimated by two analysts on average.
- Lease income: $2.44 million versus the two-analyst average estimate of $2.52 million.
- Other noninterest income: $8.61 million versus the two-analyst average estimate of $3.70 million.
View all Key Company Metrics for Live Oak Bancshares here>>>Shares of Live Oak Bancshares have returned -7.1% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.