Live Oak Bancshares, Inc. (LOB) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Live Oak Bancshares, Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.336 Before we get started, I'd like to caution you that we may make forward-looking statements 00:00:03.336 -- 00:00:07.161 during today's call that are subject to risks and uncertainties. 00:00:07.161 -- 00:00:10.966 Factors that may cause action results that differ materially from our expectations are 00:00:10.966 -- 00:00:14.569 detailed in the materials accompanying this call, 00:00:18.517 -- 00:00:22.162 circumstances or events that may arise after the date of today's call. 00:00:22.162 -- 00:00:26.288 Information about any non-GAAP financial measures referenced, including reconciliation 00:00:26.288 -- 00:00:31.118 of those measures to GAAP measures, can also be found in our SEC filings into the presentation 00:00:31.118 -- 00:00:35.724 materials. I will now turn the call over to our president, BJ Losch. 00:00:35.724 -- 00:00:36.124 Great. 00:00:35.985 -- 00:00:39.870 Thanks, Greg. Good morning, everybody. Thanks for joining us. 00:00:39.870 -- 00:00:43.813 Let's get started on slide four. 2025 00:00:44.096 -- 00:00:49.383 was quite an interesting year. And here at Live Oak, I'm really, 00:00:49.383 -- 00:00:55.010 really proud of the way we navigated through those interesting times. 00:00:55.010 -- 00:00:58.351 Macro uncertainty persisted throughout the year. 00:00:58.351 -- 00:01:03.719 whether it was doge or tariffs or the uncertain economy, and ultimately three 00:01:03.719 -- 00:01:08.966 rate decreases from the Fed late in the year, we continued to navigate through a small 00:01:08.966 -- 00:01:14.173 business credit cycle, and our loan portfolio showed continued credit stabilization 00:01:14.173 -- 00:01:19.281 over the course of the year. We significantly improved our operating processes 00:01:19.281 -- 00:01:24.889 and c...