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Sep 30, 2024
Live Oak Q3 2024 Earnings Report
Reported historic production levels and positive operating leverage.
Key Takeaways
Live Oak Bancshares reported a net income of $13.0 million, or $0.28 per diluted share, for the third quarter of 2024. The company experienced historic production levels and positive operating leverage.
Total revenue increased by 3.5% compared to the second quarter of 2024.
Loan and lease originations increased by 50.1% compared to the second quarter of 2024.
Total deposits increased by $693.5 million compared to the second quarter of 2024.
Net interest income increased to $97.0 million for the third quarter of 2024.
Forward Guidance
Live Oak will host a conference call to discuss the Company's financial results and business outlook tomorrow, October 24, 2024, at 9:00 a.m. ET.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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