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 2025												1Q 2025
			1Q 2026						4Q 2025						1Q 2025						$						%						$						%
Total revenue (1)			$	145,474					$	172,907					$	122,903					$	(27,433)					(15.9)		%				$	22,571					18.4		%
Total noninterest expense			85,293						89,153						80,807						(3,860)						(4.3)						4,486						5.6
Provision for credit losses			20,100						21,845						28,964						(1,745)						(8.0)						(8,864)						(30.6)
Income before taxes			40,081						61,909						13,132						(21,828)						(35.3)						26,949						205.2
Effective tax rate			25.3		%				25.5		%				26.4		%				n/a						n/a						n/a						n/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 share			0.60						0.95						0.21						(0.35)						(36.8)						0.39						185.7
Loan and lease production			1,368,311						1,638,113						1,396,223						(269,802)						(16.5)						(27,912)						(2.0)
Total loans and leases			12,593,529						12,393,677						11,061,866						199,852						1.6						1,531,663						13.8
Total assets			15,300,033						15,134,778						13,595,704						165,255						1.1						1,704,329						12.5
Total deposits			13,835,058						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 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-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that could cause actual results to differ materially from those expressed in the forward-looking statements include changes in Small Business Administration (“SBA”) rules, regulations or loan products, including the Section 7(a) program, changes in SBA standard operating procedures or changes in Live Oak Banking Company's status as an SBA Preferred Lender; changes in rules, regulations or procedures for other government loan programs, including those of the United States Department of Agriculture; adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; the impacts of any pandemic or public health situation on trade (including supply chains and export levels), travel, employee productivity and other economic activities that may have a destabilizing and negative effect on financial markets, economic activity and customer behavior; risks relating to the deployment and use of artificial intelligence by the Company, its customers, and counterparties; a reduction in or the termination of the Company's ability to use the technology-based platform that is critical to the success of its business model, including a failure in or a breach of operational or security systems or those of its third-party service providers; risks relating to the material weakness we identified in our internal control over financial reporting; technological risks and developments, including cyber threats, attacks, or events; competition from other lenders; the Company's ability to attract and retain key personnel; market and economic conditions and the associated impact on the Company; operational, liquidity and credit risks associated with the Company's business; changes in political and economic conditions, including any prolonged U.S. government shutdown; the impact of heightened regulatory scrutiny of financial products and services and the Company's ability to comply with regulatory requirements and expectations; changes in tariffs and trade barriers, including potential changes in U.S. and international trade policies and the resulting impact on the Company and its customers; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding the debt ceiling and the federal budget; adverse results, including related fees and expenses, from pending or future lawsuits, government investigations or private actions; and the other factors discussed in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and available at the SEC’s Internet site (http://www.sec.gov). Except as required by law, the Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

About Live Oak Bancshares, Inc.

Live Oak Bancshares, Inc. (NYSE: LOB) is a financial holding company and the parent company of Live Oak Bank. Live Oak Bancshares and its subsidiaries partner with businesses that share a groundbreaking focus on service and technology to redefine banking. To learn more, visit www.liveoak.bank.

Contacts:

Walter J. Phifer | CFO | Investor Relations | 910.202.6926

Claire Parker | Corporate Communications | Media Relations | 910.597.1592

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Live Oak Bancshares, Inc.

Quarterly Statements of Income (unaudited)

(Dollars in thousands, except per share data)

			Three Months Ended																														1Q 2026 Change vs.
			1Q 2026						4Q 2025						3Q 2025						2Q 2025						1Q 2025						4Q 2025						1Q 2025
Interest income																																	%						%
Loans and fees on loans			$	214,129					$	218,852					$	211,599					$	204,513					$	195,616					(2.2)						9.5
Investment securities, taxable			13,009						12,679						12,175						11,648						11,089						2.6						17.3
Other interest earning assets			6,726						8,124						7,654						8,123						6,400						(17.2)						5.1
Total interest income			233,864						239,655						231,428						224,284						213,105						(2.4)						9.7
Interest expense
Deposits			112,847						114,879						114,266						113,380						110,888						(1.8)						1.8
Borrowings			1,617						1,656						1,677						1,683						1,685						(2.4)						(4.0)
Total interest expense			114,464						116,535						115,943						115,063						112,573						(1.8)						1.7
Net interest income			119,400						123,120						115,485						109,221						100,532						(3.0)						18.8
Provision for credit losses			20,100						21,845						22,242						23,252						28,964						(8.0)						(30.6)
Net interest income after provision for credit losses			99,300						101,275						93,243						85,969						71,568						(2.0)						38.7
Noninterest income
Loan servicing revenue			9,094						9,227						8,812						8,565						8,298						(1.4)						9.6
Loan servicing asset revaluation			(3,487)						(3,932)						(4,360)						(3,057)						(4,728)						11.3						26.2
Net gains on sales of loans			15,425						12,313						17,099						17,570						15,438						25.3						(0.1)
Net (loss) gain on loans accounted for under the fair value option			(1,165)						1,518						(350)						1,082						(1,034)						(176.7)						(12.7)
Equity method investments (loss) income			(817)						23,812						(1,470)						(2,716)						(2,239)						(103.4)						63.5
Equity security investments gains, net			—						4,691						18						1,004						20						(100.0)						(100.0)
Lease income			2,135						2,196						2,179						3,103						2,573						(2.8)						(17.0)
Other noninterest income			4,889						(38)						4,917						4,904						4,043						12,965.8						20.9
Total noninterest income			26,074						49,787						26,845						30,455						22,371						(47.6)						16.6
Noninterest expense
Salaries and employee benefits			49,354						47,988						49,910						46,008						45,529						2.8						8.4
Travel expense			1,463						1,715						1,618						1,634						2,064						(14.7)						(29.1)
Professional services expense			2,516						2,855						1,999						2,874						3,024						(11.9)						(16.8)
Advertising and marketing expense			3,051						2,298						1,839						4,420						3,665						32.8						(16.8)
Occupancy expense			2,410						2,317						2,339						2,369						2,737						4.0						(11.9)
Technology expense			9,749						13,397						10,234						10,066						9,251						(27.2)						5.4
Equipment expense			3,693						3,677						3,320						3,685						3,745						0.4						(1.4)
Other loan origination and maintenance expense			5,919						4,917						4,777						4,190						4,585						20.4						29.1
Renewable energy tax credit investment impairment			—						129						336						270						—						(100.0)						—
FDIC insurance			4,401						3,933						3,643						3,545						3,551						11.9						23.9
Other expense			2,737						5,927						3,501						6,161						2,656						(53.8)						3.0
Total noninterest expense			85,293						89,153						83,516						85,222						80,807						(4.3)						5.6
Income before taxes			40,081						61,909						36,572						31,202						13,132						(35.3)						205.2
Income tax expense			10,134						15,787						10,106						7,815						3,464						(35.8)						192.6
Net income			29,947						46,122						26,466						23,387						9,668						(35.1)						209.8
Net loss attributable to non-controlling interest			93						88						50						41						49						5.7						89.8
Net income attributable to Live Oak Bancshares, Inc.			30,040						46,210						26,516						23,428						9,717						(35.0)						209.1
Preferred stock dividends			2,094						2,094						954						—						—						—						100.0
Net income attributable to common shareholders			$	27,946					$	44,116					$	25,562					$	23,428					$	9,717					(36.7)						187.6
Earnings per common share
Basic			$	0.61					$	0.96					$	0.56					$	0.51					$	0.21					(36.5)						190.5
Diluted			$	0.60					$	0.95					$	0.55					$	0.51					$	0.21					(36.8)						185.7
Weighted average shares outstanding
Basic			46,138,609						45,906,268						45,780,794						45,634,741						45,377,965
Diluted			46,509,040						46,298,408						46,216,958						45,795,608						45,754,499

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Live Oak Bancshares, Inc.

Quarterly Balance Sheets (unaudited)

(Dollars in thousands)

			As of the quarter ended																														1Q 2026 Change vs.
			1Q 2026						4Q 2025						3Q 2025						2Q 2025						1Q 2025						4Q 2025						1Q 2025
Assets																																	%						%
Cash and due from banks			$	816,135					$	864,904					$	892,445					$	662,755					$	744,263					(5.6)						9.7
Certificates of deposit with other banks			250						250						250						250						250						—						—
Investment securities available-for-sale			1,434,538						1,427,401						1,373,219						1,325,206						1,312,680						0.5						9.3
Loans held for sale			435,313						420,055						360,693						350,791						367,955						3.6						18.3
Loans and leases held for investment (1)			12,158,216						11,973,622						11,554,818						11,014,055						10,693,911						1.5						13.7
Allowance for credit losses on loans and leases			(193,279)						(192,264)						(185,700)						(182,231)						(190,184)						(0.5)						(1.6)
Net loans and leases			11,964,937						11,781,358						11,369,118						10,831,824						10,503,727						1.6						13.9
Premises and equipment, net			235,329						240,203						241,140						246,493						259,113						(2.0)						(9.2)
Foreclosed assets			12,005						8,208						11,024						6,318						2,108						46.3						469.5
Servicing assets			64,677						63,155						62,491						60,359						56,911						2.4						13.6
Other assets			336,849						329,244						355,522						347,212						348,697						2.3						(3.4)
Total assets			$	15,300,033					$	15,134,778					$	14,665,902					$	13,831,208					$	13,595,704					1.1						12.5
Liabilities and shareholders’ equity
Liabilities
Deposits:
Noninterest-bearing			$	510,917					$	515,051					$	494,019					$	393,393					$	386,108					(0.8)						32.3
Interest-bearing			13,324,141						13,173,608						12,796,704						12,201,397						12,009,837						1.1						10.9
Total deposits			13,835,058						13,688,659						13,290,723						12,594,790						12,395,945						1.1						11.6
Borrowings			99,746						102,404						105,045						107,659						110,247						(2.6)						(9.5)
Other liabilities			83,468						89,609						67,585						61,494						58,065						(6.9)						43.7
Total liabilities			14,018,272						13,880,672						13,463,353						12,763,943						12,564,257						1.0						11.6
Shareholders’ equity
Preferred stock			96,266						96,266						96,266						—						—						—						100.0
Class A common stock (voting)			392,258						388,389						383,288						377,953						370,513						1.0						5.9
Class B common stock (non-voting)			—						—						—						—						—						—						—
Retained earnings			836,444						809,885						770,820						746,450						724,215						3.3						15.5
Accumulated other comprehensive loss			(47,352)						(44,672)						(52,151)						(61,514)						(67,698)						(6.0)						30.1
Total shareholders' equity attributed to Live Oak Bancshares, Inc.			1,277,616						1,249,868						1,198,223						1,062,889						1,027,030						2.2						24.4
Non-controlling interest			4,145						4,238						4,326						4,376						4,417						(2.2)						(6.2)
Total shareholders' equity			1,281,761						1,254,106						1,202,549						1,067,265						1,031,447						2.2						24.3
Total liabilities and shareholders’ equity			$	15,300,033					$	15,134,778					$	14,665,902					$	13,831,208					$	13,595,704					1.1						12.5

(1)Includes $244.9 million, $260.6 million, $280.3 million, $303.8 million and $316.8 million loans measured at fair value for the quarters ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025, and March 31, 2025, respectively.

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Live Oak Bancshares, Inc.

Quarterly Selected Financial Data

(Dollars in thousands, except per share data)

			As of and for the three months ended
			1Q 2026						4Q 2025						3Q 2025						2Q 2025						1Q 2025
Income Statement Data
Net income attributable to common shareholders			$	27,946					$	44,116					$	25,562					$	23,428					$	9,717
Per Common Share
Net income, diluted			$	0.60					$	0.95					$	0.55					$	0.51					$	0.21
Dividends declared - common			0.03						0.03						0.03						0.03						0.03
Book value per common share			25.55						25.06						24.03						23.36						22.62
Tangible book value per common share (1)			25.46						24.97						23.96						23.29						22.55
Performance Ratios
Return on average assets (annualized)			0.74		%				1.19		%				0.72		%				0.68		%				0.30		%
Return on average common equity (annualized)			9.39						15.25						9.32						8.85						3.78
Net interest margin			3.27						3.38						3.33						3.28						3.20
Efficiency ratio (1)			58.63						51.56						58.68						61.01						65.75
Noninterest income to total revenue			17.92						28.79						18.86						21.80						18.20
Selected Loan Metrics
Loans and leases originated			$	1,368,311					$	1,638,113					$	1,648,711					$	1,526,592					$	1,396,223
Outstanding balance of sold loans serviced			5,943,787						5,599,724						5,563,363						5,321,284						4,949,962
Asset Quality Ratios
Allowance for credit losses to loans and leases held for investment (3)			1.62		%				1.64		%				1.65		%				1.70		%				1.83		%
Net charge-offs (3)			$	18,585					$	13,739					$	16,816					$	31,445					$	6,774
Net charge-offs to average loans and leases held for investment (2) (3)			0.63		%				0.48		%				0.61		%				1.19		%				0.27		%
Nonperforming loans and leases at historical cost (3)
Unguaranteed			$	116,791					$	101,371					$	76,887					$	59,555					$	99,907
Guaranteed			327,409						399,786						379,381						336,777						322,993
Total			444,200						501,157						456,268						396,332						422,900
Unguaranteed nonperforming historical cost loans and leases, to loans and leases held for investment (3)			0.98		%				0.87		%				0.68		%				0.56		%				0.96		%
Nonperforming loans at fair value (4)
Unguaranteed			$	6,884					$	7,715					$	6,775					$	8,873					$	9,938
Guaranteed			54,679						53,887						54,887						60,453						58,100
Total			61,563						61,602						61,662						69,326						68,038
Unguaranteed nonperforming fair value loans to fair value loans held for investment (4)			2.81		%				2.96		%				2.42		%				2.92		%				3.14		%
Capital Ratios
Common equity tier 1 capital (to risk-weighted assets)			10.63		%				10.53		%				10.51		%				10.67		%				10.67		%
Tier 1 leverage capital (to average assets)			8.47						8.48						8.57						7.90						8.03

Notes to Quarterly Selected Financial Data

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

(2)Quarterly net charge-offs as a percentage of quarterly average loans and leases held for investment, annualized.

(3)Loans and leases at historical cost only (excludes loans measured at fair value).

(4)Loans accounted for under the fair value option only (excludes loans and leases carried at historical cost).

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Live Oak Bancshares, Inc.

Quarterly Average Balances and Net Interest Margin

(Dollars in thousands)

			Three Months Ended March 31, 2026																		Three Months Ended December 31, 2025																		Three Months Ended March 31, 2025
			Average Balance						Interest						Average Yield/Rate						Average Balance						Interest						Average Yield/Rate						Average Balance						Interest						Average Yield/Rate
Interest-earning assets:
Interest-earning balances in other banks			$	729,938					$	6,726					3.74		%				$	803,095					$	8,124					4.01		%				$	581,267					$	6,400					4.47		%
Investment securities			1,492,023						13,009						3.54						1,465,824						12,679						3.43						1,379,797						11,089						3.26
Loans held for sale			514,501						9,792						7.72						420,809						8,240						7.77						407,953						8,612						8.56
Loans and leases held for investment (1)			12,081,396						204,337						6.86						11,777,219						210,612						7.09						10,388,872						187,004						7.30
Total interest-earning assets			14,817,858						233,864						6.40						14,466,947						239,655						6.57						12,757,889						213,105						6.77
Less: Allowance for credit losses on loans and leases			(190,522)																		(186,252)																		(165,320)
Noninterest-earning assets			547,970																		546,969																		534,133
Total assets			$	15,175,306																	$	14,827,664																	$	13,126,702
Interest-bearing liabilities:
Savings			$	6,910,397					$	55,420					3.25		%				$	6,833,148					$	57,668					3.35		%				$	5,540,147					$	51,604					3.78		%
Certificates of deposit			5,730,803						53,337						3.77						5,498,643						52,888						3.82						5,563,004						55,235						4.03
Other interest-bearing deposits			579,330						4,090						2.86						559,101						4,323						3.07						478,399						4,049						3.43
Total deposits			13,220,530						112,847						3.46						12,890,892						114,879						3.54						11,581,550						110,888						3.88
Borrowings			103,329						1,617						6.35						104,219						1,656						6.30						111,919						1,685						6.11
Total interest-bearing liabilities			13,323,859						114,464						3.48						12,995,111						116,535						3.56						11,693,469						112,573						3.90
Noninterest-bearing deposits			491,301																		492,501																		342,482
Noninterest-bearing liabilities			69,596																		82,684																		58,739
Shareholders' equity			1,286,313																		1,253,043																		1,027,547
Non-controlling interest			4,237																		4,325																		4,465
Total liabilities and shareholders' equity			$	15,175,306																	$	14,827,664																	$	13,126,702
Net interest income and interest rate spread									$	119,400					2.92		%										$	123,120					3.01		%										$	100,532					2.87		%
Net interest margin															3.27																		3.38																		3.20
Ratio of average interest-earning assets to average interest-bearing liabilities															111.21		%																111.33		%																109.10		%

(1)Average loan and lease balances include non-accruing loans and leases.

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Live Oak Bancshares, Inc.

GAAP to Non-GAAP Reconciliation

(Dollars in thousands)

			As of and for the three months ended
			1Q 2026						4Q 2025						3Q 2025						2Q 2025						1Q 2025
Total shareholders’ equity			$	1,281,761					$	1,254,106					$	1,202,549					$	1,067,265					$	1,031,447
Less:
Preferred stock			96,266						96,266						96,266						—						—
Non-controlling interest			4,145						4,238						4,326						—						—
Total common shareholders' equity			$	1,181,350					$	1,153,602					$	1,101,957					$	1,067,265					$	1,031,447
Less:
Goodwill			1,797						1,797						1,797						1,797						1,797
Other intangible assets			2,089						2,165						1,453						1,491						1,529
Tangible common shareholders’ equity (a)			$	1,177,464					$	1,149,640					$	1,098,707					$	1,063,977					$	1,028,121
Shares outstanding (c)			46,240,691						46,032,402						45,855,739						45,686,081						45,589,633
Total assets			$	15,300,033					$	15,134,778					$	14,665,902					$	13,831,208					$	13,595,704
Less:
Goodwill			1,797						1,797						1,797						1,797						1,797
Other intangible assets			2,089						2,165						1,453						1,491						1,529
Tangible assets (b)			$	15,296,147					$	15,130,816					$	14,662,652					$	13,827,920					$	13,592,378
Tangible common shareholders’ equity to tangible assets (a/b)			7.70		%				7.60		%				7.49		%				7.69		%				7.56		%
Tangible book value per common share (a/c)			$	25.46					$	24.97					$	23.96					$	23.29					$	22.55
Efficiency ratio:
Noninterest expense (d)			$	85,293					$	89,153					$	83,516					$	85,222					$	80,807
Net interest income			119,400						123,120						115,485						109,221						100,532
Noninterest income			26,074						49,787						26,845						30,455						22,371
Total revenue (e)			$	145,474					$	172,907					$	142,330					$	139,676					$	122,903
Efficiency ratio (d/e)			58.63		%				51.56		%				58.68		%				61.01		%				65.75		%
Pre-provision net revenue (e-d)			$	60,181					$	83,754					$	58,814					$	54,454					$	42,096

This press release presents non-GAAP financial measures. The adjustments to reconcile from the non-GAAP financial measures to the applicable GAAP financial measure are included where applicable in financial results presented in accordance with GAAP. The Company considers these adjustments to be relevant to ongoing operating results. The Company believes that excluding the amounts associated with these adjustments to present the non-GAAP financial measures provides a meaningful base for period-to-period comparisons, which will assist regulators, investors, and analysts in analyzing the operating results or financial position of the Company. The non-GAAP financial measures are used by management to assess the performance of the Company’s business for presentations of Company performance to investors, and for other reasons as may be requested by investors and analysts. The Company further believes that presenting the non-GAAP financial measures will permit investors and analysts to assess the performance of the Company on the same basis as that applied by management. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Although non-GAAP financial measures are frequently used by shareholders to evaluate a company, they have limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of results reported under GAAP.

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