The EPS beat and strong revenue growth, particularly in net interest income and pre-provision net revenue, signal improving operating leverage. Monitor the Q3 2026 earnings call for guidance on net interest margin trajectory and credit quality trends, as provision expenses are rising.
Price Chart
Executive Summary
Live Oak Bancshares reported Q2 2026 EPS of $0.74, beating consensus of $0.68 by 9.5%, on total revenue of $156.1M vs. $155.4M estimate. Net interest income grew 14.8% YoY, loan production was strong at $1.55B, and pre-provision net revenue surged 31.5% YoY, though provision for credit losses increased to $25.8M.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.74 beat consensus of $0.68 by 9.5%
- Total revenue of $156.1M vs. $155.4M estimate, up 11.8% YoY
- Net interest income increased 14.8% YoY to $125.3M
- Loan production of $1.55B, up 1.4% YoY
- Pre-provision net revenue (non-GAAP) rose 31.5% YoY to $71.6M
- Provision for credit losses increased to $25.8M from $23.3M YoY
- Total assets grew 16.0% YoY to $16.04B
- Net interest margin expanded 5 bps YoY to 3.33%
Financial Impact
EPS beat of 9.5% on $0.74 vs $0.68 consensus; revenue beat of ~0.5% on $156.1M vs $155.4M estimate
Risk Factors
- Provision for credit losses increased 11.0% YoY to $25.8M, indicating potential credit deterioration
- Unguaranteed nonperforming loans rose to 1.00% of loans held for investment from 0.56% a year ago
- Net charge-offs annualized at 0.80% vs 1.19% in Q2 2025 but up from 0.63% in Q1 2026
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3331734 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $34.68 | awaiting T+20 | — | $34.61 (−0.20%) |
Oct 21, 2026 5d ago | 8-K | $35.71 | awaiting T+20 | — | $34.61 (+3.08%) |
Oct 21, 2026 5d ago | Press Release | $35.71 | awaiting T+20 | — | $34.61 (+3.08%) |
Oct 20, 2026 6d ago | 8-K | $35.35 | awaiting T+20 | — | $34.61 (−2.09%) |
Sep 11, 2026 6w ago | Insider Cluster | $39.40 $34.80 | ▼ −11.68% | ▼ −13.94% | $34.61 (−12.16%) |
Sep 8, 2026 6w ago | Insider Cluster | $38.90 $34.26 | ▼ −11.93% | ▼ −13.87% | $34.61 (−11.03%) |
Sep 3, 2026 7w ago | 144 | $39.56 $36.68 | ▼ −7.28% | ▼ −6.09% | $34.61 (−12.51%) |
Sep 2, 2026 7w ago | 144 | $39.51 $36.39 | ▼ −7.90% | ▼ −7.74% | $34.61 (−12.40%) |
Aug 20, 2026 9w ago | 144 | $40.73 $38.25 | ▲ +6.09% | ▲ +6.09% | $34.61 (+15.03%) |
Aug 19, 2026 9w ago | 144 | $40.89 $38.25 | ▼ −6.46% | ▼ −4.50% | $34.61 (−15.36%) |
US Market Status
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