Quarterly ResultMay 5, 2026, 04:42 PM
Live Oak Bancshares Q1 Net Income $27.95M, Diluted EPS $0.60
AI Summary
Live Oak Bancshares reported strong financial results for the first quarter of 2026, with net income attributable to common shareholders surging to $27.95 million, or $0.60 diluted earnings per share. This significant growth was primarily driven by an 18.8% increase in net interest income and a 30.6% reduction in the provision for credit losses. The company also noted enhancements to its allowance for credit losses estimation process and the payment of preferred stock dividends.
Key Highlights
- Net income attributable to common shareholders rose 187.6% to $27.95 million for Q1 2026.
- Diluted earnings per share increased 185.7% to $0.60 for the quarter.
- Net interest income grew 18.8% year-over-year to $119.4 million.
- Provision for credit losses decreased 30.6% to $20.1 million.
- Total assets increased to $15.30 billion as of March 31, 2026.
- Total deposits reached $13.84 billion as of March 31, 2026.
- Declared a common stock dividend of $0.03 per share for Q1 2026.
- Paid $2.09 million in preferred stock dividends during the quarter.
Price Impact
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