Live Oak Bancshares, Inc. Reports Third Quarter 2026 Results
Live Oak Bancshares reported Q3 2026 net income to common of $24.3 million, or $0.52 per diluted share, down 30% from Q2 and 5.5% from a year ago. The earnings decline was driven by a $54.7 million provision for credit losses that more than doubled sequentially, including a decisive $17.0 million action on a stressed distillery lending portfolio; net charge-offs rose to $32.1 million (1.00% of average loans). Underlying operations remained strong: total revenue grew 23.4% YoY to $175.6 million, pre-provision net revenue rose 52.9% YoY, the efficiency ratio improved to 48.80%, and loan production hit $2.1 billion with total assets reaching $17.0 billion.
Key figures
- Eps
- 0.52
- Revenue
- 175646000
- Revenue Yoy
- 23.4%
- Cet1 ratio
- 9.94%
- Total assets
- 16965575000
- Total deposits
- 15468175000
- Loan production
- 2133637000
- Net charge offs
- 32087000
- Efficiency ratio
- 48.80%
- Net income common
- 24260000
- Deposit growth qoq
- 920600000
- Net interest income
- 133009000
- Net interest margin
- 3.30%
- Net charge off ratio
- 1.00%
- Provision credit losses
- 54700000
- Pre provision net revenue
- 89926000
- Distillery portfolio action
- 17000000
AI analysis
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