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Mar 31, 2020
Live Oak Q1 2020 Earnings Report
Live Oak Bancshares reported a net loss impacted by COVID-19 related risks and uncertainties.
Key Takeaways
Live Oak Bancshares reported a net loss of $7.6 million, or $(0.19) per diluted share, for the first quarter of 2020, compared to net earnings of $2.4 million, or $0.06 per diluted share, for the first quarter of 2019. The results were significantly impacted by risks and uncertainties related to the COVID-19 pandemic.
Net loss of $7.6 million, or $(0.19) per diluted share.
Total assets grew by $461.3 million.
Loan and lease originations totaled $500.6 million.
Total deposits increased by $413.0 million to $4.64 billion.
Forward Guidance
The company did not provide any forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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