![]() Of course there are highlights here, no past dues in the second quarter, no past dues in the third quarter, helpful from the subsidy from the SBA. Many of you always ask about how our technology investments are doing and Neil will provide some color on that, and as always, Huntley will dig deep into the details of our operations and give you a glimpse into the future. Post PPP 1.0 Ps, post PPP 2.0 Ps, what will charge offs be? Will Live Oak release reserves, etcetera, etcetera. Everyone that owns our stock is trying to figure out post this horrible COVID thing, what are Live Oak core earnings. We're going to talk about real core earnings. As Steve Smits, our Chief Credit Officer likes to say, our borrowers have been kicking the can down the road and I will give you an example or two of that and how that works. And yes, the Federal Government has come to the aid of Small Business America. We will discuss our fortress like balance sheet and the many arrows that we have in our quiver. Huntley and I could not decide this morning whether we were more excited about unpacking the accomplishments of 2020 or more optimistic about 2021 and the new products we have to sell so here is today’s agenda.Īs always here, it starts and ends with safety and soundness. I will now turn the call over to Chip Mahan, our Chairman and Chief Executive Officer. Information about any non-GAAP financial measures referenced, including a reconciliation of those measures to GAAP measures, can also be found in our SEC filings and in the presentation materials and commentary. 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. 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. Our fourth quarter earnings release is also available on our website.īefore 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. 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 and go to today's call on our event calendar for supporting materials. We are webcasting live over the Internet and this call is being recorded. Welcome to Live Oak's Fourth Quarter 2020 Earnings Conference Call. ![]() Greg Seward, General Counsel, Live Oak Bancshares. I would now like to turn the conference over to your host Mr. As a reminder, this conference call is being recorded. At this time all participants are in a listen-only mode. Good morning ladies and gentlemen, and welcome to the Fourth Quarter 2020, Live Oak Bancshares Incorporated Earnings Conference Call. Neil Underwood – President, Live Oak Bancshares Huntley Garriott - President, Live Oak Bank Kay Anderson - Senior Vice President of Emerging Markets ( NYSE: LOB) Q4 2020 Earnings Conference Call Janu9:00 AM ETĬhip Mahan - Chairman, Chief Executive Officer
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