Live Oak Bancshares Investor Presentation — July 2024

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©2024 Live Oak Bancshares. All rights reserved.SECOND QUARTER

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Information in this presentation may contain “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These statements generally

relate to our financial condition, results of operations, plans, objectives, future performance or business and usually can be identified by the use of forward-looking

terminology such as “may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “plan,” “intend,” “project,” “goals,” “outlook,” or “continue,” or

the negative thereof or other variations thereof or comparable terminology. These statements represent our judgment concerning the future and are subject to

business, economic and other risks and uncertainties, both known and unknown. These statements are based on current expectations, estimates and projections

about our business, management’s beliefs and assumptions made by management. These statements are not guarantees of our future performance and involve

certain risks and uncertainties, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the

forward-looking statements. Please see the Appendix for more information about these risks, uncertainties and assumptions.

Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements. Moreover, these forward-looking

statements speak only as of the date they are made and based only on information actually known to us at the time. We undertake no obligation to update publicly

any forward-looking statements, whether as a result of new information, future events or otherwise. Except as otherwise disclosed, forward-looking statements do not

reflect: (i) the effect of any acquisitions, divestitures or similar transactions that have not been previously disclosed; (ii) any changes in laws, regulations or regulatory

interpretations; or (iii) any change in current dividend or repurchase strategies, in each case after the date as of which such statements are made.

This document presents non-GAAP financial measures. The adjustments to reconcile from the non-GAAP financial measures to the applicable GAAP financial

measure are included where applicable in financial results presented in accordance with GAAP. Tabular presentation of this reconciliation is included in the Appendix

to this document. We consider these adjustments to be relevant to ongoing operating results. We believe that excluding the amounts associated with these