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Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2020

Oct 27, 2020 - GlobeNewswire
Financial Results

Third Quarter 2020 Highlights

Net income of $14.3 million, or $0.27 per diluted share for the quarter Net interest margin of 2.03% compared to 1.88% for Q2 2020 Loan production of $235.2 million during the quarter Retail deposit growth of $178.2 million during the quarter Remaining COVID-19 loan modifications total 1.2% of the total aggregate loan portfolio balance Efficiency ratio of 44.6% for the quarter Book value per share of $11.62 SANTA ROSA, Calif., Oct. 27, 2020 (GLOBE NEWSWIR...