Live Oak Bancshares reports Q1 EPS 36c, consensus 47c

Reports Q1 revenue $116.2M, consensus $116.66M. Reports Book Value $20.40. Reports CET1 ratio 11.76%. “The Live Oak model continued to prove its fortitude in the first quarter as our teams marched ahead to steadily grow both sides of the balance sheet and delivered exceptional service to our customers,” said Live Oak Chairman and CEO James S. Mahan III. “In a challenging environment for our industry, I remain bullish on our dedication to America’s small business owners and believe that our passion around innovation, efficiency and expertise will continue to shine a light on how Live Oak differs from the crowd.”