Live Oak Bancshares Inc reports results for the quarter ended June 30 - Earnings Summary
Live Oak Bancshares Inc reports results for the quarter ended June 30 - Earnings Summary
Live Oak Bancshares Inc LOB.N reported quarterly adjusted earnings of 74 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of five analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 56 cents to 70 cents per share.
Revenue rose 8.6% to $156.15 million from a year ago; analysts expected $149.95 million.
Live Oak Bancshares Inc's reported EPS for the quarter was 74 cents.
The company reported quarterly net income of $34.7 million.
Live Oak Bancshares Inc shares had risen by 2.0% this quarter and gained 21.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
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 $44.50, about 7.8% above its last closing price of $41.05
This summary was machine generated from LSEG data July 22 at 09:58 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.63 | 0.74 | Beat |
Mar. 31 2026 | 0.51 | 0.60 | Beat |
Dec. 31 2025 | 0.95 | 0.95 | Met |
Sep. 30 2025 | 0.60 | 0.55 | Missed |
Recent news on Live Oak Bancshares
See all newsLive Oak Bancshares, Inc. reports results for the quarter ended September 30 - Earnings Summary
Live Oak Bancshares Q3 revenue beats estimates as loan production increases
Brief: Live Oak Bancshares Q3 EPS USD 0.52
US RESEARCH ROUNDUP-Allstate, Caribou Biosciences, Zscaler
U.S. RESEARCH ROUNDUP-Deckers Brands, Rollins, United Rentals