Live Oak(US:LOB) Globenewswireยท2025-10-22 20:30Core Insights - Live Oak Bancshares reported a net income of $25.6 million for Q3 2025, translating to $0.55 per diluted share, reflecting a 9.1% increase from Q2 2025 and a significant rise from $13.0 million in Q3 2024 [1][7][12] - The company achieved strong loan production of $1.65 billion and significant deposit growth of $695.9 million, with total assets reaching $14.67 billion, marking a 16% year-over-year increase [2][6][13] - A pre-tax gain of approximately $24 million was realized from the sale of Apiture, Inc., which was completed after September 30, 2025 [1][2] Financial Performance - Total revenue for Q3 2025 was $146.1 million, up 1.6% from Q2 2025 and 12.4% from Q3 2024 [6][7] - Net interest income increased by 5.7% from Q2 2025 and 19.1% from Q3 2024, with a net interest margin rising from 3.28% to 3.33% [6][7] - Noninterest expense decreased by 2.2% compared to Q2 2025 but increased by 12.5% compared to Q3 2024, leading to an 8.0% increase in pre-provision net revenue from Q2 2025 [6][7] Capital and Growth Strategy - The company raised $96.3 million through a preferred stock offering in August 2025, strengthening its capital position [2][6] - Live Oak was recognized as the leading SBA 7(a) lender by dollar amount, underscoring its commitment to serving small businesses [2][6] - The strategic sale of Apiture and capital raising efforts are positioned to support continued growth and resilience as the company approaches the end of 2025 [2][6]