Live Oak Bancshares Reports Strong Fourth Quarter Earnings

Wilmington, N.C. – Live Oak Bancshares Inc. (LOB) announced net income of $9.9 million in its fourth quarter, with earnings per share of 22 cents.

The Wilmington-based bank holding company generated revenue of $243.2 million during the quarter. Its revenue net of interest expense amounted to $128.1 million, surpassing analyst expectations.

This article was generated by Automated Insights using data from Zacks Investment Research.