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Mar 31, 2022
Live Oak Q1 2022 Earnings Report
Reported net income of $34.5 million, or $0.76 per diluted share for the first quarter of 2022.
Key Takeaways
Live Oak Bancshares reported a net income of $34.5 million, or $0.76 per diluted share, for the first quarter of 2022. The company continues to focus on soundness, profitability, and growth, sustaining the momentum of its franchise with strong balance sheet growth and credit quality.
Net income for the first quarter of 2022 was $34.5 million, or $0.76 per diluted share.
Total revenue for the first quarter of 2022 was $110.447 million.
Loans and leases originated during the first quarter of 2022 totaled $865.063 million.
Total deposits increased to $7.64 billion at March 31, 2022.
Live Oak
Live Oak
Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied. The company disclaims any obligation to update these statements.