Live Oak Bancshares Q3 2026 EPS falls to $0.52 from $0.74 on $54.7M provision; revenue up 23.4% YoY

Live Oak Bancshares, Inc.

Net income attributable to common shareholders $24.3M, or $0.52 per diluted share, vs $0.74 in 2Q26 and $0.55 in 3Q25; income before taxes $35.2M fell 23.1% QoQ.
Total revenue $175.6M, up 12.5% QoQ and 23.4% YoY; net interest income rose 6.1% QoQ and 15.2% YoY; net interest margin slipped 3 bp to 3.30%.
Provision for credit losses $54.7M, up $28.9M QoQ and $32.5M YoY, including $17.0M of "decisive action" on the stressed distillery portfolio plus reserves for loan growth.
Loan and lease production $2.13B, +37.8% QoQ and +29.4% YoY; deposits grew $920.6M to $15.47B; total assets $17.0B, up 15.7% YoY.
Noninterest expense $85.7M (+2.6% YoY) helped lift pre-provision net revenue 25.6% QoQ and 52.9% YoY; CEO Chip Mahan cites Live Oak Express momentum.

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