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Luther Burbank announces earnings for quarter and six months ended June 30, 2020

Jul 28, 2020 - Marketline Newswire
Financial Results

Luther Burbank, the holding company for Luther Burbank Savings, has reported net income of $9.3 million and $16.9 million, or $0.18 and $0.31, diluted earnings per common share ("EPS"), for the three and six months ended June 30, 2020, respectively.

Second Quarter 2020 Summary Net income of $9.3 million, or $0.18 per diluted shareLoan production of $487.9 million; $62.7 million net loan growthCOVID-19 loan modifications total 6.4% of the total aggregate loan portfolio balanceCost of intere...