Live Oak Bancshares (LOB) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.36 per share a year ago.
Live Oak Bancshares (LOB -1.38%), known for its innovative online small business lending platform, released its Q4 2024 results on Jan. 22. Diluted earnings per share (EPS) came in at $0.22, missing analysts' expectations of $0.53 by a wide margin.
Evaluate the expected performance of Live Oak Bancshares (LOB) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Live Oak Bancshares (LOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Live Oak Bancshares' stock dropped 18.82% post-Q3 2024 results, likely due to profit-taking and unmet high expectations despite strong loan demand and profitability. Q3 2024 highlights include a 50% QoQ jump in loan production, 8.86% average yield on new loans, and a sustainable loan-to-deposit ratio. Concerns include rising loan payment delays and potential short-term margin compression due to the timing mismatch in rate adjustments between loans and CDs.
Live Oak Bancshares, Inc. (NYSE:LOB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Greg Seward - General Counsel and Chief Risk Officer Chip Mahan - Chairman and Chief Executive Officer BJ Losch - President Walt Phifer - Chief Financial Officer Michael Cairns - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler David Feaster - Raymond James Tim Switzer - KBW Operator Good morning, ladies and gentlemen, and welcome to the Q3 2024 Live Oak Bancshares Earnings Conference Call. At this time, all lines are in a listen-only mode.
While the top- and bottom-line numbers for Live Oak Bancshares (LOB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Live Oak Bancshares (LOB) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.88 per share a year ago.
The consensus price target hints at a 27.2% upside potential for Live Oak Bancshares (LOB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Live Oak Bancshares (LOB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Live Oak Bancshares stock had a total return of 76% since my last article, which was totally unexpected. Q2 2024 results showed strong loan growth and solid deposit base for LOB. Management's aggressive borrowing strategy and high Price/TBV ratio lead to a hold rating for LOB stock.
While the top- and bottom-line numbers for Live Oak Bancshares (LOB) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.