Luther Burbank: 2Q Earnings Snapshot
SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Monday reported second-quarter earnings of $11.7 million.
The Santa Rosa, California-based bank said it had earnings of 21 cents per share.
The bank holding company posted revenue of $67.1 million in the period. Its revenue net of interest expense was $32.1 million, falling short of Street forecasts.
Luther Burbank shares have risen 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.11, a rise of slightly more than 3% in the last 12 months.