Luther Burbank: 4Q Earnings Snapshot
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.