Live Oak Bancshares Q1 2026: Record Earnings & Growth

Live Oak Bancshares Q1 2026 earnings showcase impressive growth, with EPS and adjusted EPS nearly doubling from last year. Revenue surged 18%, while expenses only increased 6%, driving pre-provision net revenue up 30%. Loans grew 14% to $12.6 billion, and deposits rose 13% to $9.9 billion. Noninterest-bearing checking balances skyrocketed 47% year over year. Their SBA program, Live Oak Express, sold $140 million with 9-13% premiums, aiming for $750 million annually. Credit quality remains strong, with provisions down to $20 million and past dues at 4 basis points. Net interest margin held steady at 3.27%, and income increased 19% year over year. Looking ahead, they anticipate low to mid-teens loan growth, checking hitting 10% of deposits, and AI pilots streamlining operations for sustainable gains. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f6b5db27c9a7e435