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GlobeNewswire·

Live Oak Bancshares, Inc. Reports Second Quarter 2026 Results

  • Live Oak Bancshares reported second quarter 2026 net income of $34.7 million, or $0.74 per diluted common share.
  • The company achieved loan production of $1.55 billion and deposit growth of $712.5 million compared to the first quarter of 2026.
  • Total assets reached $16.04 billion as of June 30, 2026, representing a 4.8% increase from March 31, 2026, and a 16.0% increase from June 30, 2025.
  • Net interest income rose 5.0% from the first quarter of 2026 and 14.8% from the second quarter of 2025.
  • Net interest margin increased to 3.33% in the second quarter of 2026 from 3.27% in the first quarter of 2026.
  • Total revenue increased 7.3% compared to the first quarter of 2026 and 11.8% compared to the second quarter of 2025.
  • Noninterest expense decreased 0.9% compared to the first quarter of 2026 and 0.8% compared to the second quarter of 2025.
  • Provision expense for credit losses was $25.8 million, an increase of $5.7 million from the first quarter of 2026 and $2.5 million from the second quarter of 2025.
  • Pre-provision net revenue increased 19.0% compared to the first quarter of 2026 and 31.5% compared to the second quarter of 2025.
  • Live Oak will host a conference call on July 23, 2026, at 9:00 a.m. ET to discuss financial results.
  • Diluted earnings per share for the quarter were $0.74, up from $0.60 in the first quarter of 2026 and $0.51 in the second quarter of 2025.
  • Total loans and leases held for investment grew to $12.63 billion as of June 30, 2026.
  • The efficiency ratio for the second quarter of 2026 was 54.13%, down from 58.63% in the first quarter of 2026.
  • Common equity tier 1 capital ratio stood at 10.42% as of June 30, 2026.
  • CEO James S. (Chip) Mahan III highlighted record Live Oak Express small dollar originations and strong checking balance growth.