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Dec 31, 2021
Live Oak Q4 2021 Earnings Report
Reported net earnings of $30.1 million, or $0.66 per diluted share for the fourth quarter of 2021.
Key Takeaways
Live Oak Bancshares reported a strong fourth quarter in 2021, with net earnings available to common shareholders of $30.1 million, or $0.66 per diluted share. The company exceeded $1.0 billion in loan originations for three consecutive quarters and experienced year-over-year organic growth of 32% in total loans outside of PPP and 24% in total deposits. Live Oak also launched its small business checking account on a next-generation platform.
Live Oak reported net earnings of $30.1 million, or $0.66 per diluted share in Q4 2021.
Loan originations exceeded $1.0 billion for three consecutive quarters.
The company saw year-over-year organic growth of 32% in total loans outside of PPP.
Total deposits increased by 24% year-over-year.
Live Oak
Live Oak
Forward Guidance
The company expects to recognize most of these investment tax credits in 2022.