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Sep 30, 2021
Live Oak Q3 2021 Earnings Report
Live Oak reported third quarter results with net earnings available to common shareholders.
Key Takeaways
Live Oak Bancshares, Inc. reported net earnings available to common shareholders of $33.8 million, or $0.76 per diluted share, for the third quarter of 2021. Loan originations exceeded $1.0 billion during the quarter. The company successfully completed the conversion of deposit customers to a next-generation platform.
Net income was $33.8 million, or $0.76 per diluted share.
Loans and leases originated totaled $1,063.2 million.
Total deposits increased to $6.82 billion.
Net interest income increased to $77.7 million.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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