02:03 PM EDT, 04/25/2024 (MT Newswires) -- Live Oak Bancshares ( LOB ) shares fell more than 16% in recent Thursday trading after the company reported that its earnings and revenue missed market consensus.

Late Wednesday, the company reported Q1 earnings of $0.36 per diluted share, up from $0.01 a year earlier.

Analysts polled by Capital IQ expected $0.47

Revenue, expressed as the sum of net interest income and non-interest income, was $116.2 million for the quarter ended March 31, up from $101.6 million a year earlier.

Analysts surveyed by Capital IQ expected $119.5 million.

Price: 33.33, Change: -6.54, Percent Change: -16.40