Live Oak Bancshares: Q2 Earnings Snapshot

WILMINGTON, N.C. (AP) — WILMINGTON, N.C. (AP) — Live Oak Bancshares Inc. (LOB) on Wednesday reported net income of $34.7 million in its second quarter.

The bank, based in Wilmington, North Carolina, said it had earnings of 74 cents per share.

The bank holding company posted revenue of $272.5 million in the period. Its revenue net of interest expense was $156.1 million, topping 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