Luther Burbank (LBC) Annual Income Statement

Annual · GAAP · USD millions
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Reviewing income statement figures over time helps illustrate how Luther Burbank generates earnings and manages operating expenses.
Annual Report, GAAP in USD millions
ITEM
(Dec 31 2022)
2022
(Dec 31 2021) (Dec 31 2020) (Dec 31 2019) (Dec 31 2017)
Revenues
Interest and Fee Income, Loans and Leases243.81
Interest and Dividend Income, Securities, Operating14.37
Interest Income, Deposits with Financial Institutions2.78
Total Interest Income260.95
Interest Expense, Deposits56.48
Interest Expense, Short-term Borrowing0.00
Interest Expense, Long-term Debt and Capital Securities2.02
Net Interest (-)Expense / Income-83.70
Net Interest Income177.25
Provision for loan losses1.15
Total Net Interest Income176.10
Profit (Loss) from Real Estate Operations0.00
Noninterest Income, Other0.07
Loss / Gain on Investment0.00
Other Non-Interest Income-26.56
Total Non-interest Income1.66
Total Revenues177.76
Costs & Expenses
Salaries & employee benefits, SGA3.51
Depreciation & Amortization0.00
Communications, Occupancy and Information Technology4.78
Professional Fees2.44
Federal Deposit Insurance Corporation Premium Expense2.02
Other Noninterest Expense6.05
Other loss /-income45.22
Total Operating Expenses64.03
Total Costs & Expenses147.73
Income & Taxes
Income /-loss before income taxes113.74
Income taxes expenses/-benefit33.54
Income after income taxes80.20
Income /-loss after income taxes80.20
Net Income/-loss80.20
Income/-loss to shareholder80.20
Earnings Per Share
Basic EPS (excl. extra items)1.58
Basic Net EPS1.58
Basic shares outstanding (Mill. of Units)50.90
Diluted Net EPS1.57
Diluted average shares (Mill. of Units)51.04
Dividend per share0.48
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About LBC Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: n/a

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.