Live Oak Bancshares reported second-quarter 2026 net income attributable to common shareholders of $34.7 million, or $0.74 per diluted common share. Total revenue (net interest income plus noninterest income) for the quarter was $156.1 million and net interest income was $125.3 million. The company noted provision for credit losses of $25.8 million and total assets of $16.04 billion at June 30, 2026.
Financial Highlights
- Total revenue: $156.1 million for Q2 2026 (comprised of net interest income and noninterest income).
- Net interest income: $125.3 million in Q2 2026; net interest margin 3.33%.
- Provision for credit losses: $25.8 million for Q2 2026.
- Net income attributable to common shareholders: $34.7 million for Q2 2026; diluted earnings per common share: $0.74.
- Total assets: $16.04 billion and total deposits: $14.55 billion as of June 30, 2026.
Business Highlights
- Loan production: Originations of $1.55 billion in the quarter, contributing to total loans and leases of $13.14 billion.
- Deposit growth: Checking and other deposit balances increased, with total deposits rising by $712.5 million versus March 31, 2026.
- Revenue mix: Noninterest income contributed $30.8 million, supported by net gains on sales of loans and loan servicing revenue.
- Operational milestones: Record Live Oak Express small-dollar originations and continued growth in checking balances noted by management as indicators of momentum across core banking operations.
- Servicing and servicing assets: Loans held for sale stood at $511.8 million and servicing assets of $66.7 million, reflecting ongoing loan sales and servicing activity.
Original SEC Filing:
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