Live Oak Bancshares, Inc. reported third quarter 2025 net income of $25.6 million, or $0.55 per share. Strong loan production of $1.65 billion and deposit growth of $695.9 million increased total assets to $14.67 billion. Capital was raised by $96.3 million, with revenue rising 1.6% and noninterest expense decreasing 2.2%. Provision expense for credit losses decreased to $22.2 million.

The company completed the sale of Apiture, Inc. post-September 30, 2025, resulting in a pre-tax gain of $24.0 million. Live Oak Chairman and CEO James S. (Chip) Mahan III stated that the results reflect core banking strength, with increased loan production and deposit growth driving a 16% increase in total assets year-over-year.

Live Oak will host a conference call on October 23, 2025, to discuss financial results and future outlook. Total revenue for the third quarter of 2025 was $146.1 million, with a net income of $25.6 million. Noninterest expense decreased by 2.2% compared to the second quarter of 2025. Provision for credit losses was $22.2 million.

Key measures for the third quarter of 2025 show an increase in total revenue, net income, and diluted earnings per common share compared to the second quarter of 2025. Total assets grew to $14.67 billion, with total deposits reaching $13.29 billion. Loan production amounted to $1.65 billion, contributing to a 8.0% increase in pre-provision net revenue.

Important Note Regarding Forward-Looking Statements: Live Oak Bancshares, Inc. cautions that statements based on historical data or expressing plans for future events are forward-looking. Actual results may differ from these statements due to various factors, including changes in regulations, economic conditions, and technological risks.

Live Oak Bancshares, Inc. is a financial holding company and the parent of Live Oak Bank. The company partners with businesses focusing on service and technology to redefine banking. Contacts for investor relations and media relations are Walter J. Phifer and Claire Parker, respectively. Quarterly statements of income and balance sheets are available for reference.

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