Quarterly ResultJul 22, 2026, 04:22 PM
Live Oak Bancshares Q2 Net Income $34.7M, EPS $0.74
AI Summary
Live Oak Bancshares reported strong financial results for the second quarter ended June 30, 2026, with net income attributable to common shareholders rising to $34.7 million, or $0.74 per diluted common share. The company achieved significant growth in loan production, reaching $1.55 billion, and saw deposits increase by $712.5 million. Net interest income and net interest margin also showed healthy improvements, contributing to a substantial increase in pre-provision net revenue.
Key Highlights
- Net income attributable to common shareholders was $34.7 million, up 24.2% from Q1 2026 and 48.1% from Q2 2025.
- Diluted earnings per common share reached $0.74, a 23.3% increase from Q1 2026 and 45.1% from Q2 2025.
- Loan production totaled $1.55 billion, growing 13.2% compared to Q1 2026.
- Total deposits increased by $712.5 million from Q1 2026, reaching $14.55 billion.
- Total assets grew 4.8% from Q1 2026 to $16.04 billion.
- Net interest income increased 5.0% from Q1 2026 and 14.8% from Q2 2025.
- Net interest margin improved by 6 basis points to 3.33% from 3.27% in Q1 2026.
- Pre-provision net revenue increased 19.0% from Q1 2026 and 31.5% from Q2 2025.
Price Impact
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