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Live Oak Bancshares: Q3 Earnings Insights

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Shares of Live Oak Bancshares (NASDAQ:LOB) increased 3.9% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 730.00% year over year to $0.83, which beat the estimate of $0.27.

Revenue of $98,407,000 up by 75.50% from the same period last year, which beat the estimate of $74,050,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

View more earnings on LOB

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $33.71

Company's 52-week low was at $7.57

Price action over last quarter: Up 97.08%

Company Profile

Live Oak Bancshares Inc operates as the bank holding company for the Live Oak Banking Company that provides various commercial banking products and services to individuals and businesses in North Carolina. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing checking, money market, saving, and time deposits.

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