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Dec 31, 2020
Live Oak Q4 2020 Earnings Report
Reported fourth quarter earnings, demonstrating continued execution on strategic priorities and delivering long-term shareholder earnings.
Key Takeaways
Live Oak Bancshares reported a strong fourth quarter in 2020, with net earnings available to common shareholders of $29.6 million, or $0.68 per diluted share. The company grew assets by $3 billion in 2020 and significantly increased net income. Loan and lease originations totaled $808.0 million during the fourth quarter of 2020.
Net income for Q4 2020 was $29.6 million, or $0.68 per diluted share.
Total deposits increased to $5.71 billion at December 31, 2020.
Net interest income for the fourth quarter of 2020 rose to $62.3 million.
Loan and lease originations totaled $808.0 million during the fourth quarter of 2020.
Live Oak
Live Oak
Forward Guidance
The company did not provide forward guidance in the earnings report.