AP NEWS

Luther Burbank: 4Q Earnings Snapshot

January 28, 2019

SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Monday reported fourth-quarter earnings of $10.6 million.

The bank, based in Santa Rosa, California, said it had earnings of 19 cents per share.

The bank holding company posted revenue of $63.9 million in the period. Its revenue net of interest expense was $33 million, surpassing Street forecasts.

For the year, the company reported profit of $45.1 million, or 79 cents per share. Revenue was reported as $129.2 million.

Luther Burbank shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10, a decline of 23 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LBC at https://www.zacks.com/ap/LBC