Live Oak Bancshares reported third-quarter 2026 net income attributable to common shareholders of $24.3 million, or $0.52 per diluted share, down from $34.7 million in the prior quarter and slightly below the $25.6 million reported a year earlier. The decline was primarily driven by a $54.7 million provision for credit losses, which more than doubled compared to the second quarter of 2026 due to $17.0 million related to stressed distillery portfolio assets. Despite higher provisions, revenue grew 12.5% sequentially and 23.4% year-over-year, supported by a 6.1% increase in net interest income and strong loan production of $2.1 billion. Total assets reached $17.0 billion, reflecting 5.8% growth from the previous quarter. Live Oak Bancshares is a financial holding company that operates Live Oak Bank, specializing in small business lending.
