Live Oak Bancshares' Q1 revenue slightly misses estimates

Live Oak Bancshares

22/04/2026 21:27

Overview

US small business lender's Q1 revenue rose 18.4% yr/yr, slightly missing analyst expectations

Diluted EPS for Q1 rose to $0.60 from $0.21 a year ago

Outlook

Company did not provide specific guidance for the current qtr or full yr in the press release

Result Drivers

LOAN AND DEPOSIT GROWTH - Co said strong loan production of $1.37 bln and deposit growth of $146.4 mln supported asset and revenue growth

ABSENCE OF ASSET SALE GAINS - Sequential revenue and pre-provision net revenue declined mainly due to lack of one-off gains from asset sales in Q4 2025

LOWER PROVISION EXPENSE - Provision expense for credit losses fell $1.7 mln sequentially and $8.9 mln yr/yr, supporting net income

Company press release: ID:nGNX29HlhF

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$145.47 mln
$146.60 mln (3 Analysts)
Q1 EPS
$0.60
Q1 Net Income
$27.95 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Live Oak Bancshares Inc is $42.50, about 16.8% above its April 21 closing price of $36.40

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)