Live Oak Bancshares, Inc. (NASDAQ:LOB) Q1 2024 Earnings Call Transcript

So we’re going to build our book there probably quicker, frankly, than we’re going to build it on the small business side, and we’re starting to see the fruits of that labor.

James S. Mahan: Just one addition to that, David, this is Chip — is it has been really, really fun for my co-founders, David Lucht and Lee Williams and I. We kind of view this from our perspective as regression to the norm. We came up with this idea to create a bank that’s the porter-led of the banking business in the SBA area. All of a sudden, we get to use our 50 years’ experience of being actually C&I lenders ourselves. So this is a bit again — a regression to the norm for us.

David Feaster: Getting back to your roots. That’s great. Appreciate all the color. Thanks everybody.

James S. Mahan: Thank you.

Operator: Thank you. We have no further questions. I will turn the call back over to Chip Mahan for final comments.

James S. Mahan: As always, we appreciate your attention today and look forward to seeing you again in 90 days. Thanks for coming.

Operator: Ladies and gentlemen, this concludes your conference for today. We thank you for participating, and we ask that you please disconnect your lines.