WILMINGTON, N.C., Jan. 24, 2024 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported fourth quarter of 2023 net income of $16.2 million, or $0.36 per diluted share. Net income for the year ended December 31, 2023, totaled $73.9 million, or $1.64 per diluted share.
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Multi-Factor Code: Provided After RegistrationClaire Parker | Corporate Communications | Media Relations | 910.597.1592Quarterly Statements of Income (unaudited)(Dollars in thousands, except per share data)Quarterly Balance Sheets (unaudited)(Dollars in thousands)Statements of Income (unaudited)(Dollars in thousands, except per share data)Quarterly Selected Financial Data(Dollars in thousands, except per share data)(1) See accompanying GAAP to Non-GAAP Reconciliation.
(2) Quarterly net charge-offs as a percentage of quarterly average loans and leases held for investment, annualized.
(3) Loans and leases at historical cost only (excludes loans measured at fair value).
(4) Loans accounted for under the fair value option only (excludes loans and leases carried at historical cost).
Quarterly Average Balances and Net Interest Margin(Dollars in thousands)December 31, 2023September 30, 2023BalanceYield/RateBalanceYield/RateGAAP to Non-GAAP Reconciliation(Dollars in thousands)
(GlobeNewsWire)