Live Oak Bancshares, Inc. (NYSE:LOB) Q4 2023 Earnings Conference Call January 25, 2024 9:00 AM ET

Company Participants

Greg Seward – Chief General Counsel and Chief Risk Officer

Chip Mahan – Chairman and Chief Executive Officer

Walt Phifer – Chief Financial Officer

BJ Losch – President-Live Oak Bank

Conference Call Participants

Steven Alexopoulos – JPMorgan

Brandon King – Truist

Michael Perito – KBW

Operator

Good morning, ladies and gentlemen, and welcome to the Live Oak Bancshares Q4 Earnings Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded on Thursday, January 25th, 2024.

I would now like to turn the conference over to Greg Seward, Chief General Counsel and Chief Risk Officer. Please go ahead.

Greg Seward

Thank you and good morning, everyone. Welcome to Live Oak's fourth 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 material that we will reference on the call, please visit our website at investor.liveoakbank.com and go to the Events and Presentations tab for supporting materials. Our fourth 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.

Chip Mahan

Thanks, Greg, and welcome to our Q4 earnings call. First of all, I want to introduce to investors our new CFO, Walt Phifer. Walt joined the Bank in 2015 and brings 18 years of experience in the financial industry, including various finance, treasury, accounting, audit, and deposit analytic roles. Prior to joining our bank, Walt served as the Deposits Finance Manager at Barclays USA, where he managed the finances and data analytics of a $10 billion deposit portfolio. Of course, BJ and Steve Smits join us and will be active participants in the Q&A session.