LBC Luther Burbank Corp

Luther Burbank Corporation Announces Third Quarter 2020 Earnings Release and Conference Call Dates

Luther Burbank Corporation Announces Third Quarter 2020 Earnings Release and Conference Call Dates
EN
09/10/2020

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LBCLuther Burbank Corp

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LBC Luther Burbank ...

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burb...

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation SEATTLE, Jan. 30, 2024 (GLOBE NEWSWIRE) -- WaFd, Inc. (NASDAQ: WaFd), the parent company of Washington Federal Bank (“WaFd Bank”), and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”), the parent company of Luther Burbank Savings, jointly announced today that they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and...

January 30, 2024 1 EN
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Luther Burbank Corporation Reports Earnings for the Quarter and Nine M...

Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2023 Third Quarter 2023 Highlights Net income of $1.9 million and $22.3 million, or $0.04 and $0.44 per diluted share, for the quarter and nine months ended September 30, 2023, respectivelyNet interest margin of 0.97%Return on average assets and equity of 0.09% and 1.09%, respectivelyNoninterest expense to average assets of 0.73%Estimated uninsured deposits remained stable at $1.0 billion, or 17.6% of total depositsDependence on wholesale funds declined to 27.6% (1)Liquidity ratio of 13.8% (1)On...

October 30, 2023 1 EN
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Luther Burbank Corporation Reports Earnings for the Quarter and Six Mo...

Luther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2023 Second Quarter 2023 Highlights Net income of $6.9 million, or $0.14 per diluted shareNet interest margin of 1.27%Return on average assets and equity of 0.33% and 3.94%, respectivelyNoninterest expense to average assets of 0.76%Deposits increased 3% to $5.8 billionEstimated uninsured deposits of $997.8 million, or 17.1% of total depositsOn-balance sheet liquidity plus borrowing capacity of more than 3 times uninsured depositsNonperforming assets to total assets of 0.06%Book value per share of $13....

July 25, 2023 1 EN
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Washington Federal, Inc. and Luther Burbank Corporation Announce Recei...

Washington Federal, Inc. and Luther Burbank Corporation Announce Receipt of Shareholder Approval for Merger SANTA ROSA, Calif., May 05, 2023 (GLOBE NEWSWIRE) -- Washington Federal, Inc. (NASDAQ: WAFD, “Washington Federal”), the parent company of Washington Federal Bank (“WaFd Bank”), and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”), the parent company of Luther Burbank Savings, jointly announced today that, at special meetings of their respective shareholders held on May 4, 2023, Washington Federal shareholders approved the issuance of shares of Washington Federal’s common s...

May 5, 2023 1 EN
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Luther Burbank Corporation Reports Earnings for the Quarter Ended Marc...

Luther Burbank Corporation Reports Earnings for the Quarter Ended March 31, 2023 First Quarter 2023 Highlights Net income of $13.4 million, or $0.26 per diluted shareNet interest margin of 1.72%Return on average assets and equity of 0.67% and 7.78%, respectivelyNoninterest expense to average assets of 0.84%Deposits declined 3.3% to $5.6 billionEstimated uninsured deposits of $1.0 billion, or 17.9% of total depositsLiquidity ratio increased by 33% to 13.40%(1)Borrowing capacity increased by 34% to $2.3 billionNonperforming assets to total assets of 0.06%Book value per share of $13.64Tangible...

April 25, 2023 1 EN

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