Live Oak Bancshares ( NYSE:LOB ) First Quarter 2024 Results Key Financial Results Revenue: US$99.8m (up 21% from 1Q...
Explore the detailed financial performance and strategic decisions shaping Live Oak Bancshares Inc's trajectory in the first quarter of 2024.
WILMINGTON, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2024 net income of $16.5 million, or $0.36 per diluted share. “The Live Oak model continued to prove its fortitude in the first quarter as our teams marched ahead to steadily grow both sides of the balance sheet and delivered exceptional service to our customers,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “In a challenging enviro