Quarterly ResultJul 22, 2026, 04:17 PM
Live Oak Q2 Net Income $34.7M, EPS $0.74; Loan Production $1.55B
AI Summary
Live Oak Bancshares, Inc. reported strong second-quarter 2026 results, with net income attributable to common shareholders rising to $34.7 million, or $0.74 per diluted common share. The company achieved robust loan production of $1.55 billion and significant deposit growth of $712.5 million. Total assets expanded to $16.04 billion, reflecting strong overall performance and growth across its core business segments.
Key Highlights
- Net income attributable to common shareholders was $34.7 million, up 48.1% year-over-year.
- Diluted earnings per common share reached $0.74, an increase of 45.1% year-over-year.
- Loan production totaled $1.55 billion, marking a 13.2% increase quarter-over-quarter.
- Deposit growth was $712.5 million, bringing total deposits to $14.55 billion.
- Total assets grew to $16.04 billion, up 16.0% compared to the second quarter of 2025.
- Net interest margin increased 6 basis points quarter-over-quarter to 3.33%.
- Total revenue increased 11.8% year-over-year, while noninterest expense decreased 0.8%.
- Common dividend declared was $0.03 per share.
Price Impact
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