Live Oak Bancshares Q3 2026 net income attributable to common shareholders drops 30% quarter-on-quarter to $24.26 million
Bitget2026/10/21 20:21- Live Oak Bancshares' third-quarter 2026 net income attributable to common shareholders fell 30% from the previous quarter to $24.26 million.
- Revenue climbed 23% year-over-year to $175.65 million, while net interest income rose 15% to $133.01 million.
- Credit-loss provision more than doubled year-over-year to $54.7 million, primarily driven by stressed distillery exposures and reserves supporting loan growth.
- Loan and lease production jumped 38% from the previous quarter to $2.13 billion, while deposits grew 6% to $15.47 billion.
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