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Mar 31, 2021
Live Oak Q1 2021 Earnings Report
Reported strong first quarter results driven by loan and lease originations and net income growth.
Key Takeaways
Live Oak Bancshares reported a net income of $39.4 million, or $0.88 per diluted share, for the first quarter of 2021. The company saw strong loan and lease originations of $1.2 billion and growth in net income due to a focus on small business solutions and financial technology.
Net income available to common shareholders was $39.4 million, or $0.88 per diluted share.
Loan and lease originations reached $1.2 billion.
Net interest income increased to $70.0 million.
Total deposits increased to $6.32 billion.
Live Oak
Live Oak
Forward Guidance
The document does not contain forward guidance. Therefore, this section is empty.