Filing Flows › Financials › Live Oak Bancshares (LOB)
Live Oak Bancshares (LOB) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Live Oak Bancshares (LOB) Q3 2026 earnings results →
Q3 2026 Revenue up 23% year over year to $176M · 15¢ of every $1 of revenue kept as net profit · operating margin 20.1%
Live Oak Bancshares made $176M in Q3 2026 (+23% Y/Y): Net interest income $133M, Noninterest income $42.6M. Operating margin 20.1%, net earnings $26.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $175.6M in Q3 2026, up 23% year over year and up 12% from the previous quarter. Net interest income was the largest line at 76% of revenue. Net interest income added $17.5M year over year (up 15%), 53% of the total change.
Operating profit was $35.2M, a 20.1% margin (down 5.6 points year over year). Operating profit fell $1.3M even though revenue rose $33.3M versus a year earlier, so costs grew faster than sales. Total costs grew 33% against revenue growth of 23%. The fastest-growing cost line was Credit loss provision (+146%). Net earnings were $26.4M, down 1% year over year. The effective tax rate was 25.4%.
Operating cash flow was $126.7M (up 92% year over year), 483% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization. Working capital and other items added $94.2M. Capital expenditures of $2.3M left free cash flow of $124.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $176M | +23% | 20.1% | $26.3M | $127M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Live Oak Bancshares
Live Oak Bancshares, Inc. (individually, “Bancshares” and collectively with its subsidiaries including Live Oak Banking Company, the “Company,” also referred to as “our” and “we”), headquartered in Wilmington, North Carolina, is the bank holding company for Live Oak Banking Company (the “Bank” or “Live Oak Bank”). The Bank was incorporated in February 2008 as a North Carolina-chartered commercial bank and operates an established national online platform for small business lending and deposit gathering. Bancshares was incorporated under the laws of the state of North Carolina on December 18, 2008, for the purpose of serving as the bank holding company of Live Oak Bank. Bancshares completed its initial public offering (“IPO”) in July 2015.
In its own words, from its 10-K, filed Feb 27, 2026.
Live Oak Bancshares against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +23% against the peers' median +12%. Operating margin: 20.1% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LOB Live Oak Bancshares | Q3 2026 | $176M | +23% | 20.1% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Live Oak Bancshares 10-Q on SEC EDGAR · CIK 1462120 · State Commercial Banks
Guidance and outlook
13F: who owns LOB and who is buying
More on LOB
History
Every quarter: Q3 2026 results