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Live Oak Banking Company

Wilmington, NC · Cert 58665 · Live Oak Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

3

Q2 2024Q2 2026peer median (50)

Asset Quality

9

Q2 2024Q2 2026peer median (50)

Profitability

40

Q2 2024Q2 2026peer median (50)

Liquidity

68

Q2 2024Q2 2026peer median

Efficiency

62

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Live Oak Banking Company

Wilmington, NC · Cert 58665 · Live Oak Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$16.0BAssets
$13.1BLoans
$14.7BDeposits
$1.2BEquity
Loan mix
59%RE $6.8B41%C&I $4.7B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
95%Interest-bearing $13.9B5%Noninterest $0.7BQ2 2025Q2 2026

NIM

6.68%Q2 ’246.36%Q2 ’256.16%Q2 ’26-1%+4%

Non-interest income vs. expense

2.48%Q2 ’242.37%Q2 ’252.09%Q2 ’26+0%-13%

Market Position · Wilmington, NC · 2026 SOD (annual) · 53.1% share · #1 of 24 inst. · $14.7B of $27.7B

Executive Summary

  • Earnings: ROA of 0.96%, up 37 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 4.01% of loans (-7 bps YoY), with net charge-offs at 0.65%.
  • Capital: tier 1 leverage ratio of 7.99%, up 20 bps from a year ago.
  • Funding: loans stand at 89.53% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.96%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.22%+11 bps YoY

Efficiency Ratio (YTD, annualized)

53.22%-771 bps YoY

Tier 1 Leverage Ratio

7.99%+20 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.59%0.67%0.82%0.89%0.96%+37 bps
Return on Equity7.80%8.94%10.95%11.66%12.59%+479 bps
Net Interest Margin3.11%3.12%3.08%3.19%3.22%+11 bps
Efficiency Ratio60.94%59.60%56.12%55.37%53.22%-771 bps
Non-Interest Burden1.58%1.53%1.37%1.47%1.37%-20 bps
Growth
Asset Growth (YoY)16.58%16.41%17.13%12.78%16.15%-43 bps
Loan Growth (YoY)19.18%16.91%17.15%13.85%15.64%-354 bps
Deposit Growth (YoY)17.16%17.02%16.96%12.22%16.18%-98 bps
Asset Quality
Nonperforming Loans / Loans4.08%4.33%4.53%4.00%4.01%-7 bps
Net Charge-Offs / Loans0.67%0.62%0.55%0.59%0.65%-2 bps
Allowance / Loans1.60%1.56%1.55%1.53%1.47%-13 bps
Allowance Coverage of NPLs0.4x0.4x0.3x0.4x0.4x0.0x
Capital
Tier 1 Leverage Ratio7.79%7.81%7.77%7.81%7.99%+20 bps
Total Risk-Based Capital11.91%11.74%11.72%11.87%11.72%-19 bps
Equity / Assets7.57%7.43%7.56%7.69%7.60%+3 bps
Liquidity & Funding
Loans / Deposits89.94%88.74%89.65%90.17%89.53%-42 bps
Liquid Assets / Assets4.69%6.00%5.63%5.25%5.66%+97 bps
CRE / Total Capitaln/a501%503%493%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Live Oak Banking Company

Wilmington, NC · Cert 58665 · Peer group: banks over $10B in assets (n=142-144) · Live Oak Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$16.0BAssets
$13.1BLoans
$14.7BDeposits
$1.2BEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 62% of banks over $10B in assets (rank 55 of 144).
  • Widest gap: total risk-based capital ratio trails 99% of banks over $10B in assets (rank 142 of 144).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.93%

Rank 117 of 144

Net Interest Margin

3.22%

Rank 82 of 144

Efficiency Ratio

53.25%

Rank 55 of 144

Equity / Assets

7.60%

Rank 132 of 144

Non-interest income vs. expense

$110.5M$322.5MINCOMEEXPENSE
Unfavorable gap of $212.0M · efficiency ratio beats 62% of banks over $10B in assets
Bank 53.25%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.93%1.00%1.26%1.54%Beats 19%117 / 144
Return on Equity12.18%8.98%11.34%14.40%Beats 58%61 / 144
Net Interest Margin3.22%2.82%3.31%3.68%Beats 43%82 / 144
Efficiency Ratio53.25%49.42%56.02%62.41%Beats 62%55 / 144
Asset Quality
Nonperforming Loans / Loans4.01%0.48%0.73%1.07%Beats 2%140 / 142
Net Charge-Offs / Loans0.38%0.05%0.11%0.22%Beats 15%122 / 142
Capital
Tier 1 Capital Ratio10.46%12.07%12.98%14.92%Beats 1%142 / 144
Total Risk-Based Capital Ratio11.72%13.39%14.14%16.25%Beats 1%142 / 144
Equity / Assets7.60%9.69%11.39%12.96%Beats 8%132 / 144
Liquidity & Funding
Loans / Deposits89.53%75.72%84.92%91.56%67th pctl47 / 143
Loans / Assets82.35%59.83%69.07%74.80%95th pctl7 / 144
Brokered Deposits / Depositsn/aNot reported for this institution