Live Oak Bancshares, Inc. (LOB) Tops Q3 EPS by 51c
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Live Oak Bancshares, Inc. Reports Third Quarter 2022 Results
October 26, 2022 4:30 PM EDTWILMINGTON, N.C., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (Nasdaq: LOB) (Live Oak or the Company) today reported third quarter of 2022 net income of $42.9 million, or $0.96 per diluted share. The third quarter of 2022 included a pretax gain of $28.4 million related to the sale of the Companys investment in Payrailz, LLC (Payrailz).
Live Oak remains steadfastly dedicated to serving small business customers across our country with vital capital to create jobs, boost local economies and achieve more, said Live Oak Bancshares Chairman and CEO James S. (Chip) Mahan III. Once... More
