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Stock impact report

Live Oak Bancshares, Inc. Reports Fourth Quarter 2019 Results

Live Oak Bancshares, Inc. (LOB) 
Last live oak bancshares, inc. earnings: 4/22 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.liveoakbank.com
Company Research Source: GlobeNewswire
WILMINGTON, N.C., Jan. 22, 2020 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported fourth quarter 2019 net earnings available to common shareholders of $6.8 million, or $0.17 per diluted share as the Company continues to execute on our strategic priorities that we believe will deliver long-term earnings for our shareholders.  Net earnings for the year ended totaled $18.0 million, or $0.44 per diluted share. “Live Oak’s performance in 2019 was highlighted by strong growth, recurring revenues and profitability since making a strategic pivot a year ago to hold more loans on our balance sheet. The fourth quarter showed strength across all key metrics, and we aim to continue that momentum in the quarters to come,” said James S. Mahan, III, Chief Executive Officer of Live Oak. “In 2019, total assets grew by more than $1 billion and our deposit model successfully fired on all cylinders. We believe in our model and will continue to embr Show less Read more
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