US EditionLive Oak Bank posts Q1 growth, but earnings miss analyst expectations
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Live Oak Bank posts Q1 growth, but earnings miss analyst expectations
Wilmington-based Live Oak Bank saw Q1 revenue rise 8.5% to $126.1M, but EPS fell to $0.21, missing analyst estimates. Record loan production and deposit growth were offset by rising expenses and provisions for credit losses amid economic uncertainty. Net income dropped to $9.7M.
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