Live Oak Bancshares Q1 EPS $0.21 vs $0.60 YoY; net income $9.7M, loan production record $1.4B

Live Oak Bancshares, Inc.

2025-Q1 EPS reported $0.21

Net income attributable to Company of $9.7M; diluted EPS of $0.21, down from $0.60 in Q1 2024.
Record first quarter loan production of $1.40B; total assets grew 5.0% to $13.60B.
Net interest margin expanded 5 bps to 3.20%; net interest income up 3.1% QoQ.
Provision for credit losses of $29.0M, driven by loan growth and macroeconomic pressures on small business borrowers.
Pre-provision net revenue declined 10% QoQ due to 1.5% revenue decline and 3.4% expense increase.

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