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Luther Burbank Corp   (LBC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $9.1500 $0.05 0.549%
Day's High: $9.34 Week Perf: -1.61 %
Day's Low: $ 9.06 30 Day Perf: -9.23 %
Volume (M): 326 52 Wk High: $ 11.14
Volume (M$): $ 2,982 52 Wk Avg: $9.27
Open: $9.29 52 Wk Low: $7.73



 Market Capitalization (Millions $) 436
 Shares Outstanding (Millions) 48
 Employees -
 Revenues (TTM) (Millions $) 119
 Net Income (TTM) (Millions $) 36
 Cash Flow (TTM) (Millions $) 323
 Capital Exp. (TTM) (Millions $) 1

Luther Burbank Corp
Luther Burbank Corporation, named after the famous American Botanist, is a publicly traded company headquartered in Santa Rosa, California. The company operates as a bank holding company and its primary subsidiary is Luther Burbank Savings, a California state-chartered bank. Luther Burbank Savings is a regional bank that offers a range of banking products and services to individuals, businesses, and non-profits in California.

Luther Burbank Corporation was founded in 1983 and became publicly traded in 2017, following a successful initial public offering (IPO). The company operates with a mission to provide a customer-focused banking experience, catering to the unique needs of its clients.

As of 2021, Luther Burbank Corporation has assets of over $6 billion and employs over 300 people. The companyes board of directors is comprised of an experienced group of business leaders and experts in the banking industry, who are responsible for overseeing the direction and management of the company.

Besides being a bank holding company, Luther Burbank Corporation also has a real estate lending division that provides financing for commercial and residential properties. The companyes real estate lending division is focused on providing creative and flexible loan solutions to its clients.

Luther Burbank Savings, the companyes primary subsidiary, operates through a network of branches located in California. The bank offers a range of financial products and services such as checking and savings accounts, certificates of deposit, mortgages, and commercial loans. Luther Burbank Savings also provides a suite of online and mobile banking services, making it convenient for customers to manage their finances at any time and from anywhere.

In addition to its commitment to providing its clients with innovative and personalized banking solutions, the company also strives to give back to the communities it serves. Luther Burbank Corporation supports several charitable organizations through financial and volunteer contributions, including the United Way, Habitat for Humanity, and the American Heart Association.

Overall, Luther Burbank Corporation is a successful and growing California-based bank holding company focused on providing customized banking products and services to its clients while also giving back to the communities it serves.


   Company Address: 520 Third St, Fourth Floor Santa Rosa 95401 CA
   Company Phone Number: 446-8201   Stock Exchange / Ticker: NASDAQ LBC
   


   

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Luther Burbank Corp

LBC Faces Challenging Times in Q3 2023 Earnings Season with Significant Decline in Financial Performance



Luther Burbank Corp, a financial services company, recently announced its financial results for the third quarter of 2023 earnings season. The company experienced a sharp decline in income, earnings per share (EPS), and revenue compared to the previous year and the previous quarter. This news report will provide an overview of the financial performance of Luther Burbank Corp during this period.
Earnings and EPS Figures:
During the third quarter of 2023 earnings season, Luther Burbank Corp's income fell sharply by -90.24% to $0.04 per share, compared to $0.41 per share in the same quarter last year. Furthermore, EPS dropped by -71.43% from $0.14 per share in the previous quarter.

Luther Burbank Corp

Luther Burbank Corp Reports Alarming Profits Plummet in Latest Fiscal Summary

Luther Burbank Corp (LBC) is a regional bank headquartered in Santa Rosa, California. With the recent release of its financial results for the fiscal span closing on June 30, 2023, the company's performance has raised concerns among investors and analysts.
One of the most notable figures that caught attention was the significant decline in net profit per share. The net profit per share dropped by a staggering -68.89% from $0.45 per share a year ago to $0.14 per share in the current reporting period. This decline is also substantial when compared to the previous reporting period, where profit plummeted by -46.15% from $0.26 per share.

Luther Burbank Corp

Luther Burbank Corp's 1Q 2023 Revenue Plunges by -25.217%, Signaling Ongoing Challenges

Luther Burbank Corp has been facing significant challenges in recent quarters, and its first quarter results for 2023 suggest that these challenges are far from over. The company's return on equity (ROE) for the quarter was 11.79%, which is higher than its average ROE of 10.62%. However, this is not necessarily cause for celebration, as ROE fell relative to the previous period due to a decline in net income.
Furthermore, Luther Burbank's ROE - a key measure of a company's profitability - was lower than that of 26 other companies in the Regional Banks industry, highlighting the company's struggles within its sector. While its overall ranking has improved slightly, rising from 1246 to 1142, this is not a significant improvement.






 

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