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Jun 30, 2020
Live Oak Q2 2020 Earnings Report
Reported net income due to impact of COVID-19 pandemic and provided capital to small businesses through PPP.
Key Takeaways
Live Oak Bancshares, Inc. reported a net income of $3.8 million, or $0.09 per diluted share, for the second quarter of 2020. The results were impacted by the COVID-19 pandemic, but the company delivered over $1.7 billion in loans through the Paycheck Protection Program.
Net income was $3.8 million, or $0.09 per diluted share.
Loans and leases originated totaled $2.18 billion, including $1.74 billion in PPP loans.
Total deposits increased to $5.87 billion.
The company increased long term borrowings by $1.72 billion through the PPPLF.
Live Oak
Live Oak
Live Oak Revenue by Segment
Revenue by Segment
Loan servicing Revenue
CapyFin.comNet gains on sales of loans Revenue
CapyFin.comLease income Revenue
CapyFin.comOther noninterest income Revenue
CapyFin.com Forward Guidance
Forward-looking statements involve risks and uncertainties, and actual results may differ materially. Factors include changes in SBA rules, regulations or loan products, the potential impacts of the COVID-19 pandemic, competition from other lenders, and the Company's ability to attract and retain key personnel.