Live Oak Bancshares, Inc. reports strong financial results for the first quarter of 2025.

From GlobeNewswire: 2025-04-23 16:30:00

Live Oak Bancshares, Inc. reported first-quarter 2025 net income of $9.7 million, or $0.21 per diluted share. Highlights include a record $1.40 billion in production, $635.5 million in deposit growth, and total assets reaching $13.60 billion. Net interest income rose by 3.1% and noninterest expenses increased by 3.4%. Provision expense for credit losses was $29.0 million due to challenging economic conditions.

Live Oak Bank’s Chairman and CEO noted strong growth in lending and deposits, emphasizing support for small businesses. A conference call discussing financial results and business outlook will be held on April 24, 2025, at 9:00 a.m. ET. Key initiatives showed positive momentum, reflecting Live Oak’s commitment to small businesses.

The GAAP to Non-GAAP Reconciliation shows adjustments made to reconcile non-GAAP financial measures with GAAP measures. The Company believes excluding certain amounts provides a meaningful basis for comparisons. Non-GAAP financial measures are used to assess performance and assist investors, analysts, and regulators in analyzing the Company’s operating results accurately.



Read more at GlobeNewswire:: Live Oak Bancshares, Inc. Reports First Quarter 2025