Live Oak Bancshares Q2 FY26 net income rises 57% to $37 million; revenue climbs 12% to $156 million
LOB•Quarterly results and revenue growth
Live Oak Bancshares posted Q2 2026 net income of $37 million, up 57% year over year; diluted EPS rose 45% to $0.74.
Revenue climbed 12% from a year earlier to $156 million, driven by net interest income of $125 million, up 15%.
Expenses, credit losses and balance sheet growth
Noninterest expense fell 1% year over year to $85 million, pushing the efficiency ratio down 7 percentage points to 54.1%.
Provision for credit losses increased 28% from Q1 2026 to $26 million, with about 45% tied to growth.
Loans grew 16% year over year to $13.14 billion; deposits rose 16% to $14.55 billion as checking balances jumped 63% to $469 million.
