See more : Career College Holding Co., Inc. (CCHZ) Income Statement Analysis – Financial Results
Complete financial analysis of Luther Burbank Corporation (LBC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Luther Burbank Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Luther Burbank Corporation (LBC)
About Luther Burbank Corporation
Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor-owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. As of December 31, 2021, it operated ten full service branches in California located in Sonoma, Marin, Santa Clara, and Los Angeles Counties; one full service branch in Washington located in King County; six loan production offices located throughout California; and a loan production office in Clackamas County, Oregon. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 178.91M | 172.35M | 141.14M | 133.08M | 129.22M | 118.40M | 102.48M | 91.84M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 178.91M | 172.35M | 141.14M | 133.08M | 129.22M | 118.40M | 102.48M | 91.84M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 40.20M | 44.33M | 48.92M | 41.51M | 44.07M | 41.50M | 43.60M | 45.65M |
| Selling & Marketing | 3.51M | 1.24M | 1.68M | 5.05M | 3.50M | 935.00K | 875.00K | 1.34M |
| SG&A | 43.72M | 45.57M | 50.60M | 46.56M | 47.56M | 42.44M | 44.47M | 46.99M |
| Other Expenses | -18.79M | -93.91M | -135.08M | -110.18M | -12.88M | -11.96M | -43.49M | -59.55M |
| Operating Expenses | 5.95M | -48.35M | -84.48M | -63.62M | 34.68M | 2.97M | 985.00K | -12.57M |
| Cost & Expenses | 5.95M | -48.35M | -84.48M | -63.62M | 34.68M | 2.97M | 985.00K | -12.57M |
| Interest Income | 260.95M | 227.92M | 241.39M | 267.14M | 226.06M | 174.29M | 144.16M | 127.55M |
| Interest Expense | 83.70M | 57.46M | 102.77M | 138.74M | 100.97M | 63.34M | 49.52M | 42.63M |
| Depreciation & Amortization | 2.95M | 2.56M | 2.69M | 2.62M | 2.81M | 2.90M | 2.87M | 2.29M |
| EBITDA | 200.39M | 310.80M | 252.66M | 297.34M | 261.25M | 246.91M | 106.34M | 81.56M |
| EBITDA Ratio | 112.00% | 73.43% | 42.05% | 54.16% | 129.02% | 111.04% | 103.76% | 88.81% |
| Operating Income | 197.44M | 124.00M | 56.66M | 69.46M | 163.90M | 128.57M | 103.46M | 79.27M |
| Operating Income Ratio | 110.35% | 71.95% | 40.14% | 52.20% | 126.84% | 108.59% | 100.96% | 86.32% |
| Total Other Income/Expenses | -59.22M | -2.78M | -33.89M | -17.05M | -31.60M | -50.20M | -1.73M | -5.72M |
| Income Before Tax | 113.74M | 124.00M | 56.66M | 69.46M | 62.93M | 65.23M | 53.94M | 36.64M |
| Income Before Tax Ratio | 63.57% | 71.95% | 40.14% | 52.20% | 48.70% | 55.09% | 52.64% | 39.90% |
| Income Tax Expense | 33.54M | 36.25M | 16.75M | 20.60M | 17.87M | -4.15M | 1.82M | 1.25M |
| Net Income | 80.20M | 87.75M | 39.91M | 48.86M | 45.06M | 69.38M | 52.12M | 35.39M |
| Net Income Ratio | 44.82% | 50.92% | 28.28% | 36.71% | 34.87% | 58.60% | 50.86% | 38.54% |
| EPS | 1.58 | 1.70 | 0.75 | 0.87 | 0.79 | 1.62 | 0.96 | 0.65 |
| EPS Diluted | 1.54 | 1.70 | 0.75 | 0.87 | 0.79 | 1.62 | 0.96 | 0.65 |
| Weighted Avg Shares Out | 50.76M | 51.58M | 53.00M | 55.97M | 56.33M | 42.92M | 54.15M | 54.15M |
| Weighted Avg Shares Out (Dil) | 51.96M | 51.62M | 53.22M | 56.16M | 57.04M | 42.96M | 54.15M | 54.15M |
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WaFd (WAFD)-Luther Burbank (LBC) Merger Gets Regulatory Nod
WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation
WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation
Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2023
Luther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2023
Washington Federal, Inc. and Luther Burbank Corporation Announce Receipt of Shareholder Approval for Merger
CAES Awarded Contract to Provide US Navy with AN/ALQ-99 Low Band Consolidation Transmitters
LUTHER BURBANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Luther Burbank Corporation - LBC
Source: https://incomestatements.info
Category: Stock Reports