Quarterly ResultApr 22, 2026, 04:17 PM
Live Oak Bancshares Q1 2026 Net Income $27.9M, EPS $0.60
AI Summary
Live Oak Bancshares reported first quarter 2026 net income of $27.9 million, or $0.60 per diluted common share. While net income decreased 36.7% quarter-over-quarter, this was primarily due to significant pre-tax gains from asset sales in Q4 2025. Compared to Q1 2025, net income surged 187%. The company demonstrated strong operational performance with $1.37 billion in loan production and $146.4 million in deposit growth, alongside stable credit performance. Management expressed satisfaction with the momentum and focus on key initiatives.
Key Highlights
- Net income attributable to common shareholders was $27.9 million, or $0.60 per diluted share.
- Loan production reached $1.37 billion, and deposit growth was $146.4 million in Q1 2026.
- Total assets grew 1.1% quarter-over-quarter and 12.5% year-over-year to $15.30 billion.
- Net interest income decreased 3.0% QoQ but increased 18.8% YoY.
- Revenue decreased 15.9% QoQ, largely due to $33.1 million in Q4 2025 gains.