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Stock impact report

Live Oak Bancshares, Inc. Reports First Quarter 2018 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., April 25, 2018 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq:LOB) (“Live Oak” or “the Company”) today reported first quarter net earnings available to common shareholders of $12.5 million, or $0.30 per diluted share, compared to $6.1 million, or $0.17 per diluted share, for the first quarter of 2017. “We kicked off the year in fine fashion with a very strong performance in the first quarter.  We enjoyed 43% growth in our loan and lease portfolio compared to one year ago while significantly boosting our recurring revenues and liquidity position. We are steadily expanding our array of industry verticals and continuing to diversify our product offerings.  We are intensely focused on serving the needs of small businesses across the U.S. and revolutionizing the financial services industry through innovative technology solutions,” said James S. Mahan, III, Chief Executive Officer of Live Oak. First Quarter 2018 Key Measures (Dollars in thousands, except per sha Show less Read more
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