JPMorgan Upgrades Live Oak Bancshares (LOB) to Neutral, 'With NIM Pressure Mounting at a Much Faster than Expected Pace, Trough Is in Sight

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Go back to JPMorgan Upgrades Live Oak Bancshares (LOB) to Neutral, 'With NIM Pressure Mounting at a Much Faster than Expected Pace, Trough Is in Sight

Live Oak Bancshares, Inc. Reports First Quarter 2023 Results

April 26, 2023 7:08 PM EDT

WILMINGTON, N.C., April 26, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (Live Oak or the Company) today reported first quarter of 2023 net income of $398 thousand, or $0.01 per diluted share.

The headlines for the first quarter of 2023 centered around deposits, liquidity, and credit. In the midst of this discourse, Live Oak weathered the noise and has a solid story to tell with continued deposit growth, a record first quarter for production backed by strong liquidity and healthy credit, said Live Oak Chairman and CEO James S. (Chip)... More

Live Oak Bancshares, Inc. Reports First Quarter 2023 Results

April 26, 2023 7:08 PM EDT

WILMINGTON, N.C., April 26, 2023 (GLOBE NEWSWIRE) -- Live Oak Bancshares, Inc. (NYSE: LOB) (Live Oak or the Company) today reported first quarter of 2023 net income of $398 thousand, or $0.01 per diluted share.

The headlines for the first quarter of 2023 centered around deposits, liquidity, and credit. In the midst of this discourse, Live Oak weathered the noise and has a solid story to tell with continued deposit growth, a record first quarter for production backed by strong liquidity and healthy credit, said Live Oak Chairman and CEO James S.... More