{
  "id": 16664118,
  "title": "Live Oak Bancshares: 3 Key Takeaways for Long-Term Investors",
  "url": "https://urgent.news/2026/10/26/live-oak-bancshares-3-key-takeaways-for-long-term-investors",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T20:59:49.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/earnings/takeaways/2026/10/26/live-oak-bancshares-3-key-takeaways-for-long-term-investors/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Live Oak Bancshares (LOB) reported solid third-quarter 2026 results on Oct. 22, 2026, with $0.52 earnings per share. The bank's loan loss provisions for its exited distillery portfolio were $17 million, resulting in a $0.27 per share earnings reduction. However, strong preprovision net revenue of $88 million enabled the company to manage the charge without disrupting operations.\n\nOriginations in Live Oak Express, the bank's SBA small-dollar loan division, saw a remarkable 173% year-over-year increase to $107 million. Selling guaranteed loan portions contributed $7 million in fee income, with a $7 million gain from the sale being up 250% year-over-year. Over the last five quarters, this has amounted to $18 million, roughly $0.30 of earnings accretion and growing.\n\nBusiness checking balances at Live Oak exceeded $500 million, a 39% year-over-year growth, providing funding at a lower cost than retail certificates of deposit. Customer relationships are deepening, with 25% of customers now holding both a loan and deposit account, up from 20% a year ago. Four years ago, that figure was only 3%.\n\nLoan and deposit account co-ownership among customers is now at 25%, up from 20% a year ago. Additionally, four years ago, the number was only 3%. Business checking balances grew by 39% year-over-year, providing funding at a lower cost than retail certificates of deposit.",
  "summary": "The bank absorbed a $17 million credit hit while expanding revenue, revealing how disciplined cost management can offset portfolio headwinds.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Live Oak Bancshares: 3 Key Takeaways for Long-Term Investors",
        "url": "https://urgent.news/2026/10/26/live-oak-bancshares-3-key-takeaways-for-long-term-investors-16664783",
        "published": "2026-10-26T21:19:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}