Live Oak Bancshares Investor Presentation — October 2022

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©2022 Live Oak Bancshares. All rights reserved.

October 27, 2022©2022 Live Oak Bancshares. All rights reserved.2FORWARD LOOKING STATEMENTS

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 adjustments to present the non-