Live Oak Bancshares Q1 2023 Earnings

Live Oak Bancshares reported Q1 2023 financial results with net income of $0.4 million and diluted EPS of $0.01. Total assets reached $10.36 billion with net interest income of $82.0 million and net interest margin of 3.46%. The bank increased provisions for loan and lease credit losses to $19.0 million during the quarter.