Live Oak Bancshares (LOB)
NYSE:LOB
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.68Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a clear positive operational and financial trajectory: strong year-over-year and linked-quarter earnings growth (EPS, PPNR), robust revenue and net interest income expansion, healthy loan and deposit growth, growing traction in checking and small-dollar SBA (Live Oak Express), disciplined expense control and improving efficiency, solid capital and reserves, and active AI/technology investments to drive future scale. Credit metrics showed some localized stress—nonaccruals and charge-offs ticked up due to a small exited vertical (whiskey distilleries) and provisioning remains a monitored item—but overall credit trends were described as stable to improving. Given the breadth and magnitude of the favorable metrics and the limited nature of the credit and timing headwinds, the tone of the call is constructive and growth-oriented.Company Guidance
Strong EPS and Earnings Momentum
Reported diluted EPS of $0.60 for Q1 2026 (~3x vs prior year) and adjusted EPS of $0.70, up 94% year-over-year and 8% linked quarter, reflecting pronounced earnings acceleration from core operations.
Robust Revenue and PPNR Growth
Total revenue increased 18% year-over-year; reported PPNR was $60 million (43% higher vs 2025) and adjusted PPNR was $66 million, up 30% year-over-year, driven largely by recurring net interest income.
Net Interest Income and Margin Expansion
Net interest income of approximately $119 million, up 19% year-over-year, with net interest margin at 3.27% (up ~7 basis points YoY) — outperformance versus prior expectations despite Q1 seasonality.
Loan and Deposit Growth
Loans grew to ~$12.6 billion (up 2% linked quarter and 14% year-over-year). Customer deposits reached ~$9.9 billion (up 3% linked quarter and 13% year-over-year), with a $4.5 billion pipeline supporting forward growth.
Checking and Live Oak Express Traction
Noninterest-bearing checking balances surpassed $400 million (up 9% linked quarter and 47% year-over-year), representing ~4% of deposits with a goal >10%. Live Oak Express small-dollar program has sold ~$140 million to date with premiums of 9%–13% and a $750 million annual production target (aspirational $1B).
Gain-on-Sale and Secondary Market Strength
Gain-on-sale performance was solid: gain-on-sale up 25% linked quarter and in line with 2025; SBA sale premiums steady in the ~106%–107% range, helped by mix shift to Live Oak Express and USDA guaranteed loans.
Expense Discipline and Efficiency Improvement
Total noninterest expense around $85 million (down from $89M in Q4); efficiency ratio improved to 59%, roughly seven percentage points better than Q1 last year, with guidance toward low- to mid-50s given revenue growth.
Capital and Reserve Strength
Maintenance ratio (Tier 1 capital + ACL + fair value marks) totaled 16.7% of unguaranteed loans; unguaranteed ACL to unguaranteed loans ratio at 2.14%, supporting management's view of portfolio stability.
Diversified Origination and Market Position
Originations of approximately $1.4 billion across 35 industries in Q1, demonstrating broad-based demand and diversification; 30% of loan book is government-guaranteed, a key balance sheet differentiator.
Technology and AI Adoption
Active investments in AI-native loan origination and enterprise AI use (300+ internal AI agents reported), positioning the bank for operational efficiency and improved customer experience over time.
LOB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LOB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $36.29 | $37.48 | +3.28% |
Jan 21, 2026 | $38.97 | $40.73 | +4.51% |
Oct 22, 2025 | $34.59 | $33.45 | -3.29% |
Jul 23, 2025 | $32.27 | $32.45 | +0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Live Oak Bancshares (LOB) report earnings?
Live Oak Bancshares (LOB) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Live Oak Bancshares (LOB) earnings time?
Live Oak Bancshares (LOB) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOB EPS forecast?
LOB EPS forecast for the fiscal quarter 2026 (Q2) is 0.68.