Live Oak Bancshares, Inc. (LOB) CEO Chip Mahan on Q1 2020 Results - Earnings Call Transcript

Live Oak Bancshares, Inc. (NYSE:LOB) Q1 2020 Earnings Conference Call April 23, 2020 9:00 AM ET

Company Participants

Greg Seward - General Counsel
Chip Mahan - Chairman and CEO
Huntley Garriott - President
Brett Caines - CFO
Steve Smits - Chief Credit Officer

Conference Call Participants

Jennifer Demba - SunTrust
Chris Donat - Piper Sandler

Operator

Ladies and gentlemen thank you for standing by and welcome to the First Quarter 2020 Live Oak Bancshares, Incorporated Earnings Conference Call. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Greg Seward, General Counsel for Live Oak Bancshares. Thank you and please go ahead, sir.

Greg Seward

Thank you and good morning everyone. Welcome to Live Oak’s first quarter 2020 earnings conference call. We are webcasting live over the Internet and this call is being recorded. To access the call over the Internet and review the presentation materials and commentary that we will reference on the call, please visit our website at investor.liveoakbank.com and go to today’s call in our Event Calendar for supporting materials. Our first quarter earnings release is also available on our website.

Before we get started, I would like to caution you that we may make forward-looking statements during today’s call that are subject to risks and uncertainties. Factors that may cause actual results to differ materially from our expectations are detailed in the materials accompanying this call and in our SEC filings. We do not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of today's call. Information about any non-GAAP financial measures referenced, including reconciliation of those measures to GAAP measures, can also be found in our SEC filings.

I will now turn the call over to Chip Mahan, our Chairman