Live Oak Bancshares Inc. ( (LOB) ) has released its Q1 earnings. Here is a breakdown of the information Live Oak Bancshares Inc. presented to its investors.
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Live Oak Bancshares, Inc. is a financial holding company that operates Live Oak Bank, focusing on innovative banking solutions for small businesses. In the first quarter of 2025, Live Oak Bancshares reported a net income of $9.7 million, or $0.21 per diluted share, with notable growth in loan production and deposits. The company achieved record first-quarter production of $1.40 billion and saw a 5.0% increase in total assets to $13.60 billion. Despite a 1.5% decline in revenue and a 3.4% increase in noninterest expenses, the company maintained a net interest margin of 3.20%, up by 5 basis points from the previous quarter. The provision expense for credit losses was $29.0 million, reflecting loan growth amid challenging economic conditions. Looking ahead, Live Oak Bancshares remains committed to supporting small businesses and navigating economic uncertainties with a focus on customer relationships and innovation.