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Dec 31, 2019
Live Oak Q4 2019 Earnings Report
Reported strong Q4 2019 results with growth in key metrics.
Key Takeaways
Live Oak Bancshares reported a net income of $6.8 million, or $0.17 per diluted share, for the fourth quarter of 2019. The company saw strength across all key metrics and total assets grew by more than $1 billion.
Net interest income and servicing revenues increased by 22% to $44.741 million compared to Q4 2018.
Loans and leases originated were $523.688 million, a 5% increase compared to Q4 2018.
Total deposits increased by $209.9 million to $4.23 billion at December 31, 2019 from September 30, 2019.
Noninterest income increased to $21.5 million compared to $18.1 million for the fourth quarter of 2018.
Live Oak
Live Oak
Forward Guidance
Live Oak Bancshares aims to continue the momentum from Q4 2019 into the coming quarters.