AP NEWS

Luther Burbank: 3Q Earnings Snapshot

October 25, 2018

SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Thursday reported net income of $12.1 million in its third quarter.

The Santa Rosa, California-based bank said it had earnings of 21 cents per share.

The bank holding company posted revenue of $60.4 million in the period. Its revenue net of interest expense was $32.8 million, which fell short of Street forecasts.

Luther Burbank shares have dropped 23 percent since the beginning of the year.

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