LOB

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Live Oak Bancshares, Inc. Reports Second Quarter 2026 Results

WILMINGTON, NC, July 22, 2026 - Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported second quarter of 2026 net income attributable to common shareholders of $34.7 million, or $0.74 per diluted common share.

Live Oak’s performance in the quarter, compared to the first quarter of 2026 and second quarter of 2025, includes these notable items:

•Strong loan production of $1.55 billion accompanied by strong deposit growth of $712.5 million as of June 30, 2026, compared to March 31, 2026, with total assets growing by 4.8% and 16.0% to $16.04 billion as of June 30, 2026, compared to March 31, 2026 and June 30, 2025, respectively

•Net interest income increased 5.0% and 14.8% compared to the first quarter of 2026 and second quarter of 2025, respectively. Net interest margin increased 6 basis points during the second quarter of 2026 from 3.27% for the first quarter of 2026 to 3.33% and increased 5 basis points compared to the second quarter of 2025

•Revenue (comprised of net interest income and noninterest income) increased 7.3% and 11.8% compared to the first quarter of 2026 and second quarter of 2025, respectively, and noninterest expense decreased 0.9% and 0.8% compared to the first quarter of 2026 and second quarter of 2025, respectively, which generated a 19.0% and 31.5% increase in pre-provision net revenue1 compared to the first quarter of 2026 and second quarter of 2025, respectively

•Provision expense for credit losses of $25.8 million for the second quarter of 2026, increased $5.7 million and $2.5 million compared to the first quarter of 2026 and second quarter of 2025, respectively

“Live Oak Bank’s performance in the second quarter includes several milestones worth highlighting,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “With $1.5 billion of loan originations, record Live Oak Express small dollar originations and strong checking balance growth, Live Oak layered another strong quarter of sustainable momentum across our core business. We are dedicated to serving American business owners with the capital and banking excellence they need, and our shareholders are seeing our path to success taking shape. It is an exciting time to be part of Live Oak’s journey, and I am incredibly proud of our teams."

Conference Call

Live Oak will host a conference call to discuss the Company's financial results and business outlook tomorrow, July 23, 2026, at 9:00 a.m. ET. The call will be accessible by telephone and webcast. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details are as follows:

Live Telephone Dial-In

U.S.: 833.461.5787

Meeting ID: 646976405

Live Webcast Log-In

Webcast Link: investor.liveoakbank.com

Registration: Name and Email Required

Analyst Registration

To participate in Q&A, analysts must receive a unique passcode. Please follow instructions located at investor.liveoakbank.com.

(1)See accompanying GAAP to Non-GAAP Reconciliation.

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Second Quarter 2026 Key Measures

(Dollars in thousands, except per share data)2Q 2026 Change vs.

1Q 20262Q 2025

2Q 20261Q 20262Q 2025$%$%

Total revenue (1) $156,145 $145,474 $139,676 $10,671 7.3 %$16,469 11.8 %

Total noninterest expense84,525 85,293 85,222 (768)(0.9)(697)(0.8)

Provision for credit losses25,800 20,100 23,252 5,700 28.4 2,548 11.0

Income before taxes45,820 40,081 31,202 5,739 14.3 14,618 46.8

Effective tax rate19.9 %25.3 %25.0 %n/an/an/an/a

Net income attributable to common shareholders$34,701 $27,946 $23,428 $6,755 24.2 %$11,273 48.1 %

Diluted earnings per common share0.74 0.60 0.51 0.14 23.3 0.23 45.1

Loan and lease production1,548,432 1,368,311 1,526,592 180,121 13.2 21,840 1.4

Total loans and leases13,142,671 12,593,529 11,364,846 549,142 4.4 1,777,825 15.6

Total assets16,038,141 15,300,033 13,831,208 738,108 4.8 2,206,933 16.0

Total deposits14,547,526 13,835,058 12,594,790 712,468 5.1 1,952,736 15.5

(1)Total revenue consists of net interest income and total noninterest income.

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Important Note Regarding Forward-Looking Statements

Statements in this press release that are based on other than historical data or that express the Company’s plans or expectations regarding future events or determinations are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Statements based on historical data are not intended and should not be understood to indicate the Company’s expectations regarding future events. Forward-looking statements provide current expectations or forecasts of future events or determinations. These forward-looking statements are not guarantees of future performance or determinations, nor should they be relied upon as representing management’s views as of any subsequent date. Forward

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Live Oak Bancshares, Inc. Reports First Quarter 2026 Results

WILMINGTON, NC, April 22, 2026 - Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2026 net income attributable to common shareholders of $27.9 million, or $0.60 per diluted common share.

Live Oak’s performance in the quarter, compared to the fourth quarter of 2025 and first quarter of 2025, includes these notable items:

•Strong loan production of $1.37 billion accompanied by strong deposit growth of $146.4 million in the first quarter of 2026, with total assets growing by 1.1% and 12.5% to $15.30 billion compared to the fourth quarter of 2025 and first quarter of 2025, respectively

•Net interest income decreased 3.0% and increased 18.8% compared to the fourth quarter of 2025 and first quarter of 2025, respectively. Net interest margin decreased 11 basis points during the first quarter of 2026 from 3.38% for the fourth quarter of 2025 to 3.27% and increased 7 basis points compared to the first quarter of 2025

•Revenue (comprised of net interest income and noninterest income) decreased 15.9% and increased 18.4% compared to the fourth quarter of 2025 and first quarter of 2025, respectively, and noninterest expense decreased 4.3% and increased 5.6% compared to the fourth quarter of 2025 and first quarter of 2025, respectively, which generated a 28.1% decrease and 43.0% increase in pre-provision net revenue1 compared to the fourth quarter of 2025 and first quarter of 2025, respectively. The decrease in revenue and pre-provision net revenue1 compared to the fourth quarter of 2025 is largely related to a $24.1 million pre-tax gain related to the sale of Apiture, Inc. and $9.0 million gain arising from the sale of a portfolio investment in the fourth quarter of 2025

•Provision expense for credit losses of $20.1 million for the first quarter of 2026, decreased $1.7 million and $8.9 million compared to the fourth quarter of 2025 and first quarter of 2025, respectively

“We are pleased with the momentum we’ve carried into 2026. Our first quarter results reflect the strength of our differentiated model and our commitment to serving America’s small business owners,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “We delivered strong loan production, deposit growth, and stable credit performance during the quarter. We remain focused on our key initiatives, Live Oak Express and business checking, in addition to balance sheet strength and prudent capital management. We believe we are well positioned to support our customers, manage through a dynamic environment, and continue building long-term value for shareholders.”

Conference Call

Live Oak will host a conference call to discuss the Company's financial results and business outlook tomorrow, April 23, 2026, at 9:00 a.m. ET. The call will be accessible by telephone and webcast using Conference ID: 98602. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event. The conference call details are as follows:

Live Telephone Dial-In

U.S.: 800.549.8228

International: +1 646.564.2877

Pass Code: None Required

Live Webcast Log-In

Webcast Link: investor.liveoakbank.com

Registration: Name and Email Required

Multi-Factor Code: Provided After Registration

(1)See accompanying GAAP to Non-GAAP Reconciliation.

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First Quarter 2026 Key Measures

(Dollars in thousands, except per share data)1Q 2026 Change vs.

4Q 20251Q 2025

1Q 20264Q 20251Q 2025$%$%

Total revenue (1) $145,474 $172,907 $122,903 $(27,433)(15.9)%$22,571 18.4 %

Total noninterest expense85,293 89,153 80,807 (3,860)(4.3)4,486 5.6

Provision for credit losses20,100 21,845 28,964 (1,745)(8.0)(8,864)(30.6)

Income before taxes40,081 61,909 13,132 (21,828)(35.3)26,949 205.2

Effective tax rate25.3 %25.5 %26.4 %n/an/an/an/a

Net income attributable to common shareholders$27,946 $44,116 $9,717 $(16,170)(36.7)%$18,229 187.6 %

Diluted earnings per common share0.60 0.95 0.21 (0.35)(36.8)0.39 185.7

Loan and lease production1,368,311 1,638,113 1,396,223 (269,802)(16.5)(27,912)(2.0)

Total loans and leases12,593,529 12,393,677 11,061,866 199,852 1.6 1,531,663 13.8

Total assets15,300,033 15,134,778 13,595,704 165,255 1.1 1,704,329 12.5

Total deposits13,835,058 13,688,659 12,395,945 146,399 1.1 1,439,113 11.6

(1)Total revenue consists of net interest income and total noninterest income.

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Important Note Regarding Forward-Looking Statements

Statements in this press release that are based on other than historical data or that express the Company’s plans or expectations regarding future events or determinations are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Statements based on historical data are not intended and should not be understood to indicate the Company’s expectations regarding future

lob-20260121FALSE000146212000014621202026-01-212026-01-210001462120us-gaap:CommonStockMember2026-01-212026-01-210001462120us-gaap:SeriesAPreferredStockMember2026-01-212026-01-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 21, 2026

LIVE OAK BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

North Carolina001-3749726-4596286 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

1741 Tiburon Drive,Wilmington,NC28403 (Address of principal executive offices)(Zip Code)

Registrant’s Telephone Number, Including Area Code: (910) 790-5867

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Voting Common Stock, no par value per shareLOBNew York Stock Exchange LLC Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock, no par value per share LOB/PANew York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02.    Results of Operations and Financial Condition. On January 21, 2026, Live Oak Bancshares, Inc. (the “Company”) announced financial results for the fourth quarter ended December 31, 2025. A copy of the press release announcing the Company’s results for the fourth quarter is attached as Exhibit 99.1 hereto and incorporated by reference herein. The information contained in this report (including Exhibit 99.1) shall not be deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01.    Financial Statements and Exhibits. (d) Exhibits

Exhibit Number Description

99.1 Press Release dated January 21, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

LIVE OAK BANCSHARES, INC.

Date: January 21, 2026By:/s/ Walter J. Phifer Walter J. Phifer Chief Financial Officer

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