secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2026-10-21T20:19:55+00:00
Accession:  0001462120-26-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.62
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212026000068/0001462120-26-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212026000068/lob-20261021.htm
  HTML page:      https://secwatch.observer/filing/0001462120-26-000068

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