LOB · Live Oak Bancshares, Inc.
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AI Brief
Q2 FY26 earnings call · Jul 23, 2026TL;DR. Live Oak reported Q2 2026 EPS of $0.74 (+45% YoY) on 12% revenue growth and slightly lower expenses, with record Live Oak Express originations of $82M and checking balances up 63% YoY to $469M, while provisioning rose to $25.8M partly due to an exited distillery portfolio and net charge-offs of $24.2M remained elevated.
- + Reported EPS rose 45% YoY to $0.74 with adjusted EPS of $0.77 (+20% YoY)
- + Operating leverage expanded with revenue up 12% YoY and expenses down 1%, driving efficiency ratio to 54.13% from 61.01%
- + Live Oak Express posted record $82M in originations (+63% YoY) with $5M gain-on-sale, targeting $750M annual run-rate
- + Business checking balances grew 63% YoY to $469M with checking/DDA now ~5% of deposits (vs. ~4% prior quarter and near-zero 2.5 years ago)
- − Provision expense rose to $25.8M (+11% YoY), driven ~45% by growth and ~40% by exited distillery portfolio
- − Net charge-offs of $24.2M (0.80% annualized) with ~50% of charge-offs from the exited distillery portfolio
- − Deposit competition is intense with exception-based pricing pressures compressing NIM, with management guiding to generally stable margin in the ~330–335 bps range
- − Effective tax rate of 19.9% benefited from $2.7M in one-time tax adjustments; normalized tax rate is 24%
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LOB
this stock
Live Oak Bancshares, Inc.
|
$1.73B | +5.4% | +1.1% | 13.2 | 4.6% |
|
MFG
Mizuho Financial Group Inc
|
$133.98B | +51.0% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$118.26B | -38.9% | -3.2% | — | 0.7% |
|
CIXPF
CaixaBank/ADR
|
$103.83B | +26.7% | — | — | 0.1% |
|
IBN
Icici Bank Ltd
|
$100.21B | -7.6% | — | — | 0.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LOB | -2.4% | -6.4% | -1.1% | -8.1% | +5.4% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -1.8% | -6.5% | -13.3% | -7.5% | -6.5% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.