Net Income Analysis ( % relative to Total Revenue )
Income Statement Live Oak Banking Company All Insured Commercial Banks in North Carolina
Interest and Fees on Loans 55,579 43,859
Income from Lease Financing Receivables — 183
— 287
Estimated Tax Benefit from Tax-Exempt Loan Income — 148
Income on Loans and Leases (TE) 55,579 44,236
Investment Interest Income (TE) 1,132 4,769
Total Interest Income (TE) 57,694 49,636
Total Interest Expense 13,660 4,652
Net Interest Income (TE) 44,034 44,984
Non-Interest Income 89,620 11,387
Adjusted Operating Income (TE) 133,654 56,298
Non-interest Expense 85,646 38,609
Provision for Loan & Lease Losses 12,536 1,359
Pretax Operating Income (TE) 35,472 16,556
Pretax Net Operating Income (TE) 35,473 16,646
Applicable Income Taxes 13,754 5,112
Net Operating Income 21,719 10,887
Net Income 21,719 10,887
Cash Dividends Declared — 5,698
Retained Earnings 21,719 5,606