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Luther Burbank: 2Q Earnings Snapshot

July 29, 2019

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.

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