Live Oak Bancshares, Inc. (NYSE: LOB) announced financial results for the third quarter ended September 30, 2026. The company reported net income attributable to common shareholders of $24.3 million, or $0.52 per diluted common share. This figure represents a decrease of $10.4 million, or 30.1%, compared to the second quarter of 2026.
Revenue, consisting of net interest income and noninterest income, totaled $175.6 million for the third quarter of 2026. This amount represents a 12.5% increase compared to the second quarter of 2026. Net interest income increased by 6.1% to $133.0 million during the same period. However, the net interest margin decreased by 3 basis points to 3.30%.
The company recorded a provision for credit losses of $54.7 million for the third quarter of 2026, an increase of $28.9 million compared to the second quarter of 2026. Live Oak attributed this increase primarily to a $17.0 million provision related to its stressed distillery portfolio and to support continued loan growth.
Live Oak reported strong loan production of $2.1 billion and deposit growth of $920.6 million during the third quarter. Total assets grew by 5.8% to $17.0 billion as of September 30, 2026. Total loans and leases stood at $13.9 billion, and total deposits were $15.5 billion.
Live Oak Bancshares, Inc. is a financial holding company and the parent company of Live Oak Bank.
