Live Oak Bancshares posted Q2 net income attributable to common shareholders of $34.7 million, or $0.74 per diluted share, up from $23.4 million, or $0.51.
Net interest income climbed 14.8% to $125.3 million, with net interest margin widening 5 percentage points to 3.33%.
Provision for credit losses rose to $25.8 million from $23.3 million, primarily attributed to loan growth during the quarter.
Noninterest income inched up 1.2% to $30.81 million, while noninterest expense edged down 0.8% to $84.53 million.
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