Live Oak Bancshares Inc 2026年季度报告

Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2026 or Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________.Commission file number: 001-37497 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the ExchangeAct. 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 revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of May4, 2026, there were 46,262,391 shares of the registrant’s voting common stock outstanding. Live Oak Bancshares, Inc. Form 10-Q For the Quarterly Period Ended March31, 2026 TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20251Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 20252Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026and 20253Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March31, 2026 and 20254Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20255Notes to Unaudited Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations35Item 3.Quantitative and Qualitative Disclosures about Market Risk51Item 4.Controls and Procedures53 PART II. OTHER INFORMATION Item 1.Legal Proceedings55Item 1A.Risk Factors55Item 2.Unregistered Sales of Equity Securities and Use of Proceeds55Item 3.Defaults Upon Senior Securities55Item 4.Mine Safety Disclosures55Item 5.Other Information55Item 6.Exhibits56Index to Exhibits56Signatures57 PART I. FINANCIAL INFORMATION Live Oak Bancshares, Inc.Condensed Consolidated Balance SheetsAs of March31, 2026 (unaudited) and December31, 2025(Dollars in thousands) Live Oak Bancshares, Inc.Condensed Consolidated Statements of IncomeFor the three months ended March31, 2026 and 2025 (unaudited)(Dollars in thousands, except per share data) Live Oak Bancshares, Inc.Condensed Consolidated Statements of Comprehensive IncomeFor the three months ended March31, 2026 and 2025 (unaudited)(Dollars in thousands) Live Oak Bancshares, Inc.Condensed Consolidated Statements of Cash FlowsFor the three months ended March31, 2026 and 2025 (unaudited)(Dollars in thousands) Live Oak Bancshares, Inc.Condensed Consolidated Statements of Cash Flows (Continued)For the three months ended March31, 2026 and 2025 (unaudited)(Dollars in thousands) Table of Contents Live Oak Bancshares, Inc.Notes to Unaudited Condensed Consolidated Financial Statements Note 1. Basis of Presentation Nature of Operations Live Oak Bancshares, Inc. (collectively with its subsidiaries including Live Oak Banking Company, the “Company”) is a bank holdingcompany headquartered in Wilmington, North Carolina incorporated under the laws of the State of North Carolina in December 2008.The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the“Bank”). The Bank was organized and incorporated under the laws of the State of North Carolina on February 25, 2008 andcommenced operations on May 12, 2008. The Bank specializes in providing lending and deposit related services to small businessesnationwide. A significant portion of the loans originated by the Bank are partially guaranteed by the Small Business Adminis