WILMINGTON, N.C. (AP) — WILMINGTON, N.C. (AP) — Live Oak Bancshares Inc. (LOB) on Wednesday reported net income of $9.7 million in its first quarter.
The Wilmington, North Carolina-based bank said it had earnings of 21 cents per share.
The bank holding company posted revenue of $238.7 million in the period. Its revenue net of interest expense was $126.1 million, falling short of Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOB at https://www.zacks.com/ap/LOB
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