For the quarter ended September 2023, Live Oak Bancshares (LOB) reported revenue of $127.3 million, down 10.1% over the same period last year. EPS came in at $0.88, compared to $0.96 in the year-ago quarter.

The reported revenue represents a surprise of +10.20% over the Zacks Consensus Estimate of $115.52 million. With the consensus EPS estimate being $0.49, the EPS surprise was +79.59%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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: 58.3% compared to the 70.4% average estimate based on four analysts.

• Net Interest Margin: 3.4% versus the four-analyst average estimate of 3.4%.

• Average Balance - Total interest-earning assets: $10.52 billion compared to the $10.35 billion average estimate based on three analysts.

• Net charge-offs to average loans and leases held for investment: 0.5% compared to the 0.3% average estimate based on three analysts.

• Total noninterest income: $37.89 million versus the four-analyst average estimate of $27.72 million.

• Net Interest Income: $89.41 million versus the four-analyst average estimate of $88.20 million.

• Net gains on sales of loans: $12.68 million versus $11.02 million estimated by three analysts on average.

• Loan servicing revenue: $6.99 million versus $6.98 million estimated by three analysts on average.

• Management fee income: $3.28 million versus the two-analyst average estimate of $3.29 million.

• Lease income: $2.50 million versus the two-analyst average estimate of $2.56 million.

• Other noninterest income: $3.50 million versus the two-analyst average estimate of $3.97 million.

View all Key Company Metrics for Live Oak Bancshares here>>>

Shares of Live Oak Bancshares have returned -6.4% over the past month versus the Zacks S&P 500 composite's -1.6% 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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