Live Oak Bancshares reports Q3 EPS 55c, consensus 60c

Reports Q3 revenue $146.1M, consensus $147.94M. Reports Q3 tangible book value per share $23.96. Reports Q3 CET1 capital ratio 10.51%. Reports Q3 net charge-offs 0.61%. “Live Oak’s third quarter results reflect the strength of our core banking operations and our continued commitment to serving small businesses across the country. We delivered strong loan production, were again named the SBA’s leading 7 lender by dollar amount, had significant deposit growth, and drove total assets to $14.67 billion-a 16% increase year-over-year,” said Live Oak chairman and CEO James Mahan III. “In addition to our operating performance, we further strengthened our capital position with the successful preferred stock offering in August, and an approximate $24 million gain from the sale of Apiture, which closed this week. These strategic moves position Live Oak for continued growth and resilience as we enter the final stretch of 2025.”