AP NEWS

Luther Burbank: 2Q Earnings Snapshot

July 26, 2018

SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Thursday reported net income of $11.2 million in its second quarter.

The bank, based in Santa Rosa, California, said it had earnings of 20 cents per share.

The bank holding company posted revenue of $55.5 million in the period. Its revenue net of interest expense was $32 million, falling short of Street forecasts.

Luther Burbank shares have dropped almost 7 percent since the beginning of the year.

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