Powered by

-Luther Burbank Corporation announces financial results

May 06, 2020 - Global Banking News

Global Banking News - 06 May 2020

Luther Burbank Corporation (NASDAQ: LBC), the holding company for Luther Burbank Savings, has reported net income of USD7.6m, or USD0.14 EPS, for the three months ended March 31, 2020, compared to net income of USD12.5m, or USD0.22 EPS, for the linked quarter and USD12.0m, or USD0.21 EPS, for the same period last year.

Pre-tax, pre-provision net earnings for the three months ended March 31, 2020 was USD16.1m compared to USD18.6m for the linked...