Quarterly ResultAug 4, 2026, 04:26 PM
Live Oak Bancshares Q2 EPS $0.75, Net Income Up 48.1%
AI Summary
Live Oak Bancshares reported strong financial results for the second quarter and first half of 2026. Net income attributable to common shareholders for Q2 2026 increased 48.1% to $34.7 million, with basic EPS rising 47.1% to $0.75. The company also saw significant growth in its balance sheet, with total assets reaching $16.04 billion and total deposits growing to $14.55 billion as of June 30, 2026. Additionally, the company updated its allowance for credit losses estimation process and purchased renewable energy credits.
Key Highlights
- Net income attributable to common shareholders for Q2 2026 increased 48.1% to $34.7 million.
- Basic earnings per share for Q2 2026 rose 47.1% to $0.75.
- Net interest income for Q2 2026 grew 14.8% to $125.3 million.
- Total assets increased 6.0% to $16.04 billion as of June 30, 2026, from December 31, 2025.
- Total deposits grew 6.3% to $14.55 billion as of June 30, 2026, from December 31, 2025.
- Net loans and leases held for investment increased 5.6% to $12.44 billion.
- Provision for credit losses for H1 2026 decreased 12.1% to $45.9 million.
- Company purchased $25.0 million in renewable energy credits in Q2 2026, reducing income tax expense by $2.1 million.
Price Impact
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