v3.26.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Loans and fees on loans $ 214,129 $ 195,616
Investment securities, taxable 13,009 11,089
Other interest earning assets 6,726 6,400
Total interest income 233,864 213,105
Interest expense    
Deposits 112,847 110,888
Borrowings 1,617 1,685
Total interest expense 114,464 112,573
Net interest income 119,400 100,532
Provision for credit losses 20,100 28,964
Net interest income after provision for credit losses 99,300 71,568
Noninterest income    
Loan servicing revenue 9,094 8,298
Loan servicing asset revaluation (3,487) (4,728)
Net gains on sales of loans 15,425 15,438
Net loss on loans accounted for under the fair value option (1,165) (1,034)
Equity method investments (loss) income (817) (2,239)
Equity security investments gains, net 0 20
Lease income 2,135 2,573
Other noninterest income 4,889 4,043
Total noninterest income 26,074 22,371
Noninterest expense    
Salaries and employee benefits 49,354 45,529
Travel expense 1,463 2,064
Professional services expense 2,516 3,024
Advertising and marketing expense 3,051 3,665
Occupancy expense 2,410 2,737
Technology expense 9,749 9,251
Equipment expense 3,693 3,745
Other loan origination and maintenance expense 5,919 4,585
FDIC insurance 4,401 3,551
Other expense 2,737 2,656
Total noninterest expense 85,293 80,807
Income before taxes 40,081 13,132
Income tax expense 10,134 3,464
Net income 29,947 9,668
Net loss attributable to non-controlling interest 93 49
Net income attributable to Live Oak Bancshares, Inc. 30,040 9,717
Preferred stock dividends 2,094 0
Net income attributable to common shareholders $ 27,946 $ 9,717
Basic earnings per share (in dollars per share) $ 0.61 $ 0.21
Diluted earnings per share (in dollars per share) $ 0.60 $ 0.21