Live Oak Bancshares, Inc. reported second quarter 2025 net income of $23.4 million, or $0.51 per diluted share. Highlights include record production of $1.53 billion, strong deposit growth of $198.8 million, and total assets growing to $13.83 billion. Net interest income increased 8.6%, revenue increased by 14.0%, and provision expense decreased to $23.3 million.

Live Oak Bank’s Chairman and CEO, James S. Mahan III, praised the outstanding quarter, citing excellent growth, healthy revenue, and lower provision expense. The bank remains focused on supporting entrepreneurs amid uncertainty, providing essential service, technology, and financial guidance for success.

A conference call to discuss financial results and business outlook will be held on July 24, 2025, at 9:00 a.m. ET. The call will be accessible by telephone and webcast, with a supplementary slide presentation available. Key measures for the second quarter of 2025 show growth in revenue, net income, and total assets compared to previous quarters.

The Company’s GAAP to Non-GAAP Reconciliation includes adjustments to reconcile non-GAAP financial measures to applicable GAAP financial measures. These adjustments provide a meaningful base for period-to-period comparisons and help analyze the Company’s operating results. Non-GAAP financial measures are used by management to assess performance and present Company performance to investors and analysts.

Read more at GlobeNewswire: Live Oak Bancshares, Inc. Reports Second Quarter 2025