Live Oak Bancshares, Inc. (LOB) CEO Chip Mahan on Q3 2020 Results - Earnings Call Transcript

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Q3: 2020-10-21 Earnings Summary

EPS of $0.83 beats by $0.56
 | Revenue of $98.41M (75.23% Y/Y) beats by $24.35M

Live Oak Bancshares, Inc. (NYSE:LOB) Q3 2020 Earnings Conference Call October 22, 2020 9:00 AM ET

Company Participants

Gregory Seward - EVP & General Counsel
Chip Mahan - Chairman & CEO
Neil Underwood - President & Director
Huntley Garriott - President, Live Oak Banking Company
Steven Caines - CFO
Steven Smits - Chief Credit Officer

Conference Call Participants

Jennifer Demba - Truist Securities
Christopher Donat - Piper Sandler & Co.
Ammar Samma - Raymond James & Associates

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Quarter 3 2020 Live Oak Bancshares, Inc. Earnings Conference Call. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Greg Seward, General Counsel. Thank you. Please go ahead.

Gregory Seward

Thank you, and good morning, everyone. Welcome to Live Oak's Third 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 on our event calendar for supporting materials.

Our third 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 a reconciliation of those measures to GAAP measures, can also be found

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