Earnings call transcript: Live Oak Bancshares Q3 2026 EPS misses, revenue beats
Live Oak Bancshares reported third-quarter 2026 earnings of $0.52 a share, falling short of analysts' estimate of $0.66. This decline was primarily due to a $17 million provision charge associated with the company's exited distillery portfolio. Revenue for the quarter reached $175.64 million, surpassing the forecasted $168.11 million.
Despite the earnings miss, Live Oak's stock saw a slight increase in after-hours trading and later rose 0.44% to $35.51. The stronger-than-expected adjusted earnings, coupled with record pre-provision earnings and continued loan growth, have led investors to focus on these aspects of the company's performance.
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