Live Oak Bancshares, Inc. — Form 8-K
Filed October 21, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 52/100
What the filing says
Live Oak reported Q3 2026 net income of $24.3M ($0.52/diluted share), down 5.1% YoY from $25.6M ($0.55/share). Net interest income grew 15.2% YoY to $133.0M; however, provision for credit losses jumped 145.9% YoY to $54.7M (vs. $22.2M in Q3 2025), driven by $17.0M in decisive action on stressed distillery portfolio plus reserves for loan growth. Total assets reached $17.0B (+15.7% YoY); loan production was $2.1B (+29.4% YoY); deposits grew $920.6M QoQ to $15.5B. Efficiency ratio improved to 48.80% from 58.68% YoY, but pre-tax income fell 3.7% YoY to $35.2M due to provision impact.
Why this rating
Strong loan/deposit growth and margin expansion offset by exceptional provision spike; moderate short-term earnings pressure, but strategic credit action and operating leverage gains suggest underlying resilience for a $1.1B market-cap company.
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