Live Oak Bancshares Q3 2026 net income attributable to common shareholders drops 30% quarter-on-quarter to $24.26 million

Bitget2026/10/21 20:21

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Live Oak Bancshares' third-quarter 2026 net income attributable to common shareholders fell 30% from the previous quarter to $24.26 million.
Revenue climbed 23% year-over-year to $175.65 million, while net interest income rose 15% to $133.01 million.
Credit-loss provision more than doubled year-over-year to $54.7 million, primarily driven by stressed distillery exposures and reserves supporting loan growth.
Loan and lease production jumped 38% from the previous quarter to $2.13 billion, while deposits grew 6% to $15.47 billion.

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 GlobeNewswire (Ref. ID: 202610211615PRIMZONEFULLFEED9850578) on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Live Oak Bancshares Q3 2026 net income attributable to common shareholders drops 30% quarter-on-quarter to $24.26 million

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