Live Oak Bancshares Q1 net income rises 187.6% to $27.9 million

Live Oak Bancshares, Inc.

Live Oak Bancshares, Inc.

LOB

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  • Live Oak Bancshares reported net income attributable to common shareholders of USD 27.9 million, or USD 0.60 per diluted share, for the quarter ended March 31, 2026, up from USD 9.7 million, or USD 0.21 per diluted share, a year earlier.
  • Net interest income rose 18.8% to USD 119.4 million, while net interest margin widened 7 basis points to 3.27%.
  • Provision for credit losses fell 30.6% to USD 20.1 million on lower levels of specific reserves required on individually evaluated loans.
  • Total noninterest income increased 16.6% to USD 26.1 million, as loan servicing revenue climbed 9.6% to USD 9.1 million and loan servicing asset revaluation loss narrowed to USD 3.5 million.
  • Total deposits edged up 1.1% from year-end to USD 13.84 billion, while total nonperforming assets were USD 519 million, down 9.3% from Dec. 31, 2025.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Live Oak Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001462120-26-000039), on May 05, 2026, and is solely responsible for the information contained therein.

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