WILMINGTON, N.C. (AP) _ Live Oak Bancshares Inc. (LOB) on Wednesday reported first-quarter net income of $6.1 million.
The Wilmington, North Carolina-based bank said it had earnings of 17 cents per share.
The bank holding company posted revenue of $46.2 million in the period. Its adjusted revenue was $41.4 million.
Live Oak Bancshares shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $23.20, a rise of 49 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOB at https://www.zacks.com/ap/LOB
Keywords: Live Oak Bancshares, Earnings Report