Live Oak Bancshares: Fourth Quarter Earnings Overview

Live Oak Bancshares Reports Strong Fourth-Quarter Earnings

Live Oak Bancshares Inc., headquartered in Wilmington, North Carolina, announced a net income of $46.2 million for the fourth quarter.

The company achieved earnings of 95 cents per share, surpassing the expectations of Wall Street analysts. According to Zacks Investment Research, the consensus estimate among three analysts was 56 cents per share.

During the quarter, the bank holding company generated $289.4 million in total revenue. After accounting for interest expenses, net revenue reached $172.9 million, which also outperformed analyst forecasts.

For the full year, Live Oak Bancshares reported a total profit of $105.9 million, translating to $2.23 per share, with annual revenue amounting to $577.8 million.