Live Oak Bancshares, Inc. (NYSE:LOB) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET

Company Participants

Greg Seward – General Counsel

Chip Mahan – Chairman and Chief Executive Officer

William Losch – Chief Financial Officer

Huntley Garriott – President

Renato Derraik – Chief Information and Digital Officer

Steve Smits – Chief Credit Officer

Conference Call Participants

Steven Alexopoulos – JPMorgan

Crispin Love – Piper Sandler

Michael Perito – KBW

Jennifer Demba – Truist Securities

Operator

Good day, everyone, and thank you for standing by. Welcome to the First Quarter of 2022 Live Oak Bancshares Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, General Counsel, Live Oak Bancshares, Mr. Greg Seward. Thank you. You may begin.

Greg Seward

Thank you, and good morning, everyone. Welcome to Live Oak’s first quarter 2022 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 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 and commentary.

I will now turn the call over to Chip Mahan, our Chairman and Chief Executive Officer.

Chip Mahan

Thanks, Greg. It has certainly been an interesting last few months in the capital markets and Live Oak Bancshares has participated in that volatility. So welcome to our Q1 earnings call or should I say stay the chorus call or better said by Winston Churchill, stay calm and carry on the call.