Live Oak Bancshares Q1 Earnings Decline, Revenue Increases

MT Newswires Live

04-24

Live Oak Bancshares (LOB) reported Q1 earnings late Wednesday of $0.21 per diluted share, down from $0.60 a year earlier.

Three analysts polled by FactSet expected $0.37.

Revenue for the quarter that ended March 31 was $126.1 million, up from $116.2 million a year earlier.

Two analysts surveyed by FactSet expected $129 million.

Live Oak's NYSE-traded shares were down more than 4% in Thursday's premarket activity.

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