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Live Oak

🇺🇸 NASDAQ:LOB

View Company

Overview Earnings Dividends

Oct 27, 2021

•

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.

Total Revenue

$103M

Previous year: $98.4M

+4.7%

EPS

$0.76

Previous year: $0.81

-6.2%

Net interest margin

3.99%

Previous year: 2.77%

+44.0%

Efficiency ratio

53.84%

Previous year: 43.89%

+22.7%

Loans and leases originated

$1.06B

Previous year: $966M

+10.0%

Cash and Equivalents

$347M

Previous year: $609M

-43.0%

Free Cash Flow

-$30.5M

Previous year: -$213M

-85.7%

Total Assets

$8.14B

Previous year: $8.09B

+0.5%

Live Oak

Forward Guidance

This document does not contain forward guidance.

Company Overview

Full financial data and analysis

View Live Oak