Live Oak(US:LOB)2024-10-24 16:11Financial Performance - Net interest income reached $97 million in Q3 2024[7], a 6% increase compared to Q2 2024[18] - Total revenue was $130 million in Q3 2024[18] - Pre-Provision Net Revenue (PPNR) was $52 million, up 9% compared to the previous quarter[9] - Diluted EPS was $028 in Q3 2024[9] Loan and Deposit Growth - Record loan production of $18 billion in Q3 2024, a 49% increase over the previous record[9] - Total HFS and HFI loans and leases reached $10192 billion at the end of Q3 2024, a 7% increase compared to the previous quarter[7, 18] - Customer deposits grew by 3% quarter-over-quarter[9] to $11401 billion[18] - Business checking balances surpassed $145 million[9, 28] Credit Quality - Provision for credit losses was $35 million[9] - Net charge-offs were $2 million, representing 003% of average HFI unguaranteed loans[38] Other Key Metrics - Tangible Book Value (TBV) per share grew by 5% quarter-over-quarter and 17% year-over-year[9, 18] to $2224[18] - Net Interest Margin (NIM) increased by 5 basis points quarter-over-quarter to 333%[18]