Live Oak Bancshares, Inc. (LOB) Earnings
Live Oak Bancshares, Inc. is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $0.65. LOB has beaten EPS estimates in 5 of its last 11 reported quarters (average surprise +18.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.54 | $0.60 | +11.1% | $145M | -3.8% |
| Jan 21, 2026 | $0.56 | $0.95 | +69.6% | $173M | +17.9% |
| Oct 22, 2025 | $0.58 | $0.55 | -5.2% | $142M | -5.8% |
| Jul 23, 2025 | $0.52 | $0.51 | -1.9% | $142M | -4.0% |
| Apr 23, 2025 | $0.38 | $0.21 | -44.7% | $124M | -6.0% |
| Mar 18, 2025 | — | $0.21 | — | $240M | — |
| Oct 23, 2024 | $0.56 | $0.28 | -50.0% | $126M | -1.2% |
| Jul 24, 2024 | $0.46 | $0.59 | +28.3% | $123M | -2.7% |
| Jan 24, 2024 | $0.44 | $0.36 | -18.2% | $101M | -13.3% |
| Oct 25, 2023 | $0.48 | $0.88 | +83.3% | $125M | +10.6% |
| Jul 25, 2023 | $0.31 | $0.39 | +25.8% | $107M | -5.2% |
| Jan 25, 2023 | $0.43 | $0.04 | -90.7% | $95M | -13.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
· Core earnings momentum working: reported EPS $0.60 for quarter, adjusted PPNR up 30% year over year, adjusted EPS almost doubled. · Diversified loan originations: originated ~$1.4 billion of loans across 35 industries in Q1, pipeline at all-time high. · Credit trends: stable, unguaranteed allowance for credit losses to unguaranteed loans and leases held for investment ratio 2.14%, provision expense improved, past due ratio improved, nonaccrual ratio up modestly, net charge-off ratio 63 basis points. · Growth initiatives: checking accounts grew from virtually no noninterest-bearing accounts to over $400 million, Live Oak Express small-dollar SBA lending has sold $140 million and goal is over $750 million annual production.
Guidance
· Net interest margin: flat Fed environment helps stabilize near term, then loan growth levels influence expansion as year progresses, vast majority of NIM expansion going forward highly growth-driven. · Loans: pipeline at all-time high, production expected to be in line with or better than Q2 last year, low to mid-teens loan growth year over year holds true. · Deposits: expected progress over next few quarters to get noninterest-bearing deposits over 10% of total deposits. · SBA small-dollar lending: expects to produce over $750 million annually in loan production, with AI-native loan origination platform to aid in generating volume.
Segment performance
Loan book: grew 2% quarter over quarter and 14% year over year. Portfolio mix: 64% in small business lending segment, 36% in commercial lending segment. 30% of loan book is government guaranteed. Customer deposits: grew 3% linked quarter and 13% year over year. Noninterest-bearing checking balances increased 9% linked quarter and 47% year over year, with goal to get over 10% of total deposits. SBA small-dollar lending: sold $140 million so far, goal is at least $750 million of loan production annually.
Risks & headwinds
· Macro developments monitoring: economic uncertainty impacting small businesses, need to watch fuel costs impact on customers. · Interest rate波动 risks: potential impact on loan yields and deposit market. · Specific vertical risks: legacy loans from exited verticals like whiskey distillery segment causing slight uptick in nonaccrual ratio.
Analyst Q&A
Q: How to stabilize and improve NIM with Fed on hold?
A: Flat Fed environment helps, loan growth to be primary driver, loan yields stabilize, deposit market monitored.
Q: How much pipeline strength translates to near-term production?
A: Pipeline ~$4.5 billion, production expected to be in line with or better than Q2 last year, low to mid-teens loan growth year over year holds.
Q: Progress on noninterest-bearing checking accounts?
A: Goal to get over 10% of total deposits, currently at 4% with progress in customer relationships and partnerships.
Q: Trajectory of SBA loan sale volume?
A: Q1 held-for-sale loans up due to late quarter production, stair-step pattern expected in sales.
Q: Driver of gain-on-sale premium increase?
A: Mix, more Live Oak Express origination and USDA loan sales with good premiums.
Q: Live Oak Express trend?
A: Expected to go past $750 million annual production, AI-native loan origination platform aiding.
Q: Credit verticals exited?
A: Whiskey distillery segment in former wine and craft beverage group, exited due to consumer preference and oversupply.
Q: AI application?
A: Bottoms-up approach with over 300 AI agents built by employees, aim to be AI-native bank for better customer experience.
Q: Long-term profitability target?
A: 15% return on equity with 15% earnings per share growth.
Q: Small business credit cycle?
A: Interest rate risk largely behind us, 85%+ of portfolio underwritten at favorable rates, monitoring economic uncertainty.
Q: Expense trajectory?
A: Expenses stay around $85 million run rate, efficiency ratio to trade down to low to mid-50s with revenue growth.