Live Oak Bancshares, Inc. (LOB) Form 8-K — Oct 21, 2026
Live Oak Bancshares reported Q3 2026 net income to common shareholders of $24.3 million, or $0.52 per diluted share, down 30.1% from Q2 2026 and 5.1% from a year ago. The earnings decline was driven by a $54.7 million provision for credit losses, more than double the prior quarter, including a decisive $17.0 million action on its stressed distillery portfolio. Revenue grew 23.4% year-over-year to $175.6 million and the efficiency ratio improved to 48.80%. Underlying growth remains strong: loan production hit $2.1 billion, deposits grew $920.6 million, and total assets reached $17.0 billion (+15.7% YoY).
Key figures
- Eps
- 0.52
- Revenue
- 175646000
- Net Income
- 24260000
- Total Debt
- 99793000
- Revenue Yoy
- 23.4%
- Total Assets
- 16965575000
- Cash Position
- 1099902000
- Total deposits
- 15468175000
- Loan production
- 2133637000
- Net charge offs
- 32087000
- Efficiency ratio
- 48.80%
- Distillery action
- 17000000
- Net interest margin
- 3.30%
- Provision for credit losses
- 54700000
AI analysis
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