Live Oak Bancshares Reports Q3 2026 Earnings with Strong Revenue Growth Despite Credit Provisions

Live Oak Bancshares (LOB) reported third-quarter 2026 earnings per share of $0.52, navigating a significant $17 million credit provision related to an exited distillery portfolio. While this charge reduced earnings by $0.27 per share, the bank's preprovision net revenue grew 33% year-over-year to $88 million, demonstrating strong operational resilience. The company saw substantial growth in its Small Business Administration (SBA) lending division, with Live Oak Express originations surging 173% to $107 million. Additionally, the bank is successfully lowering funding costs through increased business checking balances, which grew 39% year-over-year. Management expects net interest income to continue growing in tandem with balance sheet expansion.

By The Motley Fool Team · Motley Fool · October 26, 2026, 20:59 UTC

Tickers: $LOB

Topics: banking earnings per share loan loss provisions revenue growth SBA lending

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