Live Oak Bancshares, Inc. (NYSE:LOB) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET
Company Participants
Greg Seward - Chief Risk Officer and General Counsel
James Mahan - Chairman and Chief Executive Officer
Huntley Garriott - President
William Losch - Chief Financial Officer
Steven Smits - Chief Credit Officer
Conference Call Participants
Brandon King - Truist Securities
Crispin Love - Piper Sandler
Steven Alexopoulos - JPMorgan
David Feaster - Raymond James
Operator
Good morning, ladies and gentlemen, and welcome to the Q1 2023 Live Oak Bancshares Earnings Call. [Operator Instructions] This call is being recorded on Thursday, April 27, 2023.
I would now like to turn the conference over to Mr. Greg Seward, Chief Risk Officer and General Counsel. Please go ahead.
Greg Seward
Thank you, and good morning, everyone. Welcome to Live Oak's First Quarter 2023 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 that we will reference on the call, please visit our website at investor.liveoakbank.com and go to the Events & Presentations tab 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 and in the presentation materials.
I will now turn the call over to Chip Mahan, our Chairman and Chief Executive Officer.
James Mahan
Thanks, Greg, and welcome to our Q1 earnings call. We are obviously not pleased with $0.01 a share, but let's look under the covers and see if there is more.
Moving to Slide 4. I'll make a few comments relative to these questions. What do deposits look like? How liquid are you? House credit? What happened with earnings this quarter? Are you on a path to grow? I will then turn the call over to Huntley and BJ to dig in.