Live Oak(US:LOB) Globenewswire·2026-01-21 21:15Core Viewpoint - Live Oak Bancshares, Inc. reported strong financial performance for the year 2025, highlighting record loan growth, increased deposits, and a commitment to supporting small businesses, positioning the company for continued progress in 2026 and beyond [2][7]. Financial Performance - The net income attributable to common shareholders for Q4 2025 was $44.1 million, or $0.95 per diluted share, compared to $25.6 million in Q3 2025, reflecting a 73% increase [1][9]. - For the year ended December 31, 2025, net income attributable to common shareholders totaled $102.8 million, or $2.23 per diluted share, representing a 33% increase from $77.5 million in 2024 [1][19]. - Total revenue for 2025 was $577.8 million, an 18% increase from $488.6 million in 2024 [6][18]. Loan and Deposit Growth - The company achieved strong loan production of $6.21 billion in 2025, a 20% increase from $5.16 billion in 2024 [7][20]. - Total deposits grew by $1.93 billion to $13.69 billion, marking a 16% increase from $11.76 billion in 2024 [7][20]. Expense and Efficiency Metrics - Total noninterest expense for 2025 was $338.7 million, up 12% from $303.1 million in 2024 [8][19]. - The efficiency ratio improved to 51.56% in Q4 2025 from 58.68% in Q3 2025, indicating better cost management [20]. Asset Growth - Total assets increased by 16.9% to $15.13 billion as of Q4 2025, compared to $12.94 billion in Q4 2024 [7][16]. - The company raised $96.3 million in capital through a preferred stock offering in Q3 2025 [7]. Credit Quality - Provision expense for credit losses was $96.3 million, remaining relatively flat compared to $96.2 million in 2024 [7][19]. - The effective tax rate for 2025 was 26.0%, up from 13.2% in 2024 [8].