Live Oak Q4 net income $9.9M ($0.22 EPS); full-year loan production record $5.16B

Live Oak Bancshares, Inc.

2024-FY EPS reported $1.69

Q4 net income $9.9M ($0.22 diluted EPS), down 24% QoQ and 39% YoY; revenue $128.1M, flat QoQ.
Full-year 2024 net income $77.5M ($1.69 EPS); revenue up 9% to $499.7M, noninterest expense down 3%.
Record loan production of $5.16B in 2024, up 31% YoY; total assets $12.94B, up 15%.
Provision for credit losses increased 87.5% to $44.9M, driven by loan growth and macro conditions.
Deposits grew 14% to $11.76B; focus on non-interest bearing deposits and small-dollar loan production.

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