Live Oak Bancshares Reports $44.1 Million Q4 Net Income

By Chris Stiles • Thursday, January 22 04:15 • Permanent Link

Live Oak Bancshares, Inc. (NYSE:LOB) has released its fourth-quarter 2025 financial results, reporting a net income attributable to common shareholders of $44.1 million, or $0.95 per diluted share. For the full year ended December 31, 2025, the net income attributable to common shareholders totaled $102.8 million, or $2.23 per diluted share. The company's performance for the year included several notable items compared to the same period in 2024.

One of the key highlights is the strong loan production of $6.21 billion in 2025, representing a significant increase of 20% from the previous year. Additionally, total assets grew by 16.9% to $15.13 billion, accompanied by strong deposit growth of $1.93 billion.

Live Oak also raised $96.3 million in capital as a result of a preferred stock offering in the third quarter of 2025. The company reported an 18.3% increase in revenue, comprising net interest income and non-interest income, and an 11.7% increase in non-interest expense, which generated a 28.9% growth in pre-provision net revenue.

Furthermore, the provision expense for credit losses of $96.3 million remained relatively flat compared to 2024. The company also reported a pre-tax gain of $24.1 million from the sale of Apiture, Inc., which is included in equity method investments income (loss).

In terms of year-over-year comparisons, the financial highlights for 2025, compared to 2024, show a 33% increase in net income attributable to common shareholders, a 20% increase in loan and lease production, and a 17% increase in total loans and leases. Total assets and total deposits also saw significant increases of 17% and 16%, respectively.

Looking specifically at the fourth quarter of 2025, there was a 21% increase in total revenue compared to the third quarter of 2025, totaling $172.9 million. The net income attributable to common shareholders for the fourth quarter of 2025 was $44.1 million, representing a substantial 73% increase from the third quarter of 2025.

These numbers reflect Live Oak's commitment to being America's small business bank and position the company for continued progress in 2026 and beyond. The market has reacted to these announcements by moving the company's shares -0.71% to a price of $37.60. For the full picture, make sure to review Live Oak Bancshares's 8-K report.

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