Live Oak Bancshares (Live Oak Bancshares) Scaled Net Operating Assets : -0.07 (As of Dec. 2023)

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What is Live Oak Bancshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Live Oak Bancshares's operating assets for the quarter that ended in Dec. 2023 was $9,562.5 Mil. Live Oak Bancshares's operating liabilities for the quarter that ended in Dec. 2023 was $10,345.4 Mil. Live Oak Bancshares's Total Assets for the quarter that ended in Sep. 2023 was $10,950.5 Mil. Therefore, Live Oak Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.07.

Live Oak Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Live Oak Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(10688.633	-	10345.403)	/	9855.498
=	0.03

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	11271.423	-	582.79
=	10688.633

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10368.757	-	23.354	-	0
=	10345.403

Live Oak Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(9562.473	-	10345.403)	/	10950.46
=	-0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	11271.423	-	1708.95
=	9562.473

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	10368.757	-	23.354	-	0
=	10345.403

* 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 (Live Oak Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Live Oak Bancshares Inc (NYSE:LOB) » Definitions » Scaled Net Operating Assets

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

Steve Smits	officer: Chief Credit Officer	1741 TIBURON DRIVE, WILMINGTON NC 28403
John W. Sutherland	officer: Chief Accounting 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
William Henderson Cameron	director	POST OFFICE BOX 3649, WILMINGTON NC 28406
Micah S Davis	officer: Chief Marketing & Comm Officer	1741 TIBURON DRIVE, WILMINGTON NC 28403
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
Tonya Williams Bradford	director	C/O LIVE OAK BANCSHARES, INC., 1741 TIBURON DRIVE, WILMINGTON NC 28403
Williams William L. Iii	director	1741 TIBURON DRIVE, WILMINGTON NC 28403
Neil Lawrence Underwood	director, officer: President	1420 CANOOCHEE DRIVE, ATLANTA GA 30319