WILMINGTON, N.C. (AP) _ Live Oak Bancshares Inc. (LOB) on Wednesday reported fourth-quarter net income of $6.8 million.

The bank, based in Wilmington, North Carolina, said it had earnings of 17 cents per share.

The bank holding company posted revenue of $83.3 million in the period. Its revenue net of interest expense was $59.5 million, surpassing Street forecasts.

For the year, the company reported profit of $18 million, or 44 cents per share. Revenue was reported as $208 million.

Live Oak Bancshares shares have declined slightly more than 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.76, a rise of 21% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOB at https://www.zacks.com/ap/LOB

Automated Insights, source Associated Press News