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Dec 31, 2024
Live Oak Q4 2024 Earnings Report
Reported fourth quarter results with net income attributable to the company.
Key Takeaways
Live Oak Bancshares reported a net income of $9.9 million, or $0.22 per diluted share, for the fourth quarter of 2024. The company experienced a record year of loan production and strong deposit growth, which contributed to a 9% growth in revenue for the full year.
Net income attributable to the company was $9.9 million, or $0.22 per diluted share.
Total revenue reached $128.07 million.
Loans and leases originated amounted to $1.42 billion.
Noninterest expense totaled $81.26 million.
Live Oak
Live Oak
Forward Guidance
Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented.