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Luther Burbank Corp

$13.68

Earnings Summary

Revenue
$47.83Mn
Net Profits
$22.57Mn
Net Profit Margins
47.18%
PE Ratio
7.51

Highlights

Revenue:

Luther Burbank Corp’s revenue jumped 15.52% since last year same period to $47.83Mn in the Q2 2022. On a quarterly growth basis, Luther Burbank Corp has generated 6.08% jump in its revenue since last 3-months.

Net Profits:

Luther Burbank Corp’s net profit jumped 6.37% since last year same period to $22.57Mn in the Q2 2022. On a quarterly growth basis, Luther Burbank Corp has generated -1.63% fall in its net profits since last 3-months.

Net Profit Margins:

Luther Burbank Corp’s net profit margin fell -7.92% since last year same period to 47.18% in the Q2 2022. On a quarterly growth basis, Luther Burbank Corp has generated -7.27% fall in its net profit margins since last 3-months.

PE Ratio:

Luther Burbank Corp’s price-to-earnings ratio after this Q2 2022 earnings stands at 7.51.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Luther Burbank Corp post its latest quarter earnings

EPS Estimate Current Quarter
0.38
EPS Estimate Current Year
0.38

Highlights

EPS Estimate Current Quarter:

Luther Burbank Corp’s earning per share (EPS) estimates for the current quarter stand at 0.38 - a 0% jump from last quarter’s estimates.

EPS Estimate Current Year:

Luther Burbank Corp’s earning per share (EPS) estimates for the current year stand at 0.38.

Key Ratios

Key ratios of the Luther Burbank Corp post its Q2 2022 earnings

Earning Per Share (EPS)
0.44
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.14
Dividend Per Share (DPS)
0.48

Highlights

Earning Per Share (EPS):

Luther Burbank Corp’s earning per share (EPS) jumped 7.32% since last year same period to 0.44 in the Q2 2022. This indicates that the Luther Burbank Corp has generated 7.32% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Luther Burbank Corp’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Luther Burbank Corp’s return on equity (ROE) stands at 0.14.

Dividend Per Share (DPS):

Luther Burbank Corp declared 0.48 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-06-30
0.38
0.44
15.79%
2022-05-06
0.4
0.45
12.5%

Company Information

Luther Burbank Corporation is headquartered in Santa Rosa, California with total assets of $6.9 billion, total loans of $6.0 billion and total deposits of $5.3 billion as of December 31, 2020. It operates primarily through its wholly-owned subsidiary, Luther Burbank Savings, an FDIC insured, California-chartered bank. Luther Burbank Savings executes on its mission to improve the financial future of customers, employees and shareholders by providing personal banking and business banking services. It offers consumers a host of highly competitive depository and mortgage products coupled with personalized attention. Business customers benefit from boutique-quality service along with access to products which meet their unique financial needs from the convenience of online and mobile banking, robust cash management solutions, and high-yield liquidity management products to multifamily and commercial real estate lending. Currently operating in California, Oregon and Washington, from ten branches in California, one branch in Washington and seven lending offices located throughout the market area, Luther Burbank Savings is an equal housing lender.

Organisation
Luther Burbank Corp
Headquarters
Santa Rosa, California, US
Employees
277
Industry
Finance
CEO
Simone Lagomarsino