Luther Burbank Corporation (LBC) News
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LBC News Highlights
- For LBC, its 30 day story count is now at 5.
- Over the past 4 days, the trend for LBC's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- WAFD, ADD and HLI are the most mentioned tickers in articles about LBC.
Latest LBC News From Around the Web
Below are the latest news stories about LUTHER BURBANK CORP that investors may wish to consider to help them evaluate LBC as an investment opportunity.
The all-stock deal is worth about $654 million and expected to close as early as the second quarter of next year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Houlihan Lokey (HLI) agrees to acquire Oakley Advisory. The acquisition will substantially add to Houlihan Lokey's global coverage of the digital infrastructure sector.
Washington Federal (WAFD) is foraying into the "fast-growing" California market with a deal to acquire Luther Burbank (LBC) for $654 million.
Washington Federal, Inc. and Luther Burbank Corporation Announce Definitive Merger Agreement to Form a $29 Billion Asset Western US Bank
SANTA ROSA, Calif., Nov. 13, 2022 (GLOBE NEWSWIRE) -- Washington Federal, Inc. (NASDAQ: WAFD, “Washington Federal”) and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”) jointly announced today the signing of a definitive merger agreement (“Merger Agreement”) pursuant to which Washington Federal will acquire Luther Burbank and its wholly-owned subsidiary, Luther Burbank Savings, in an all-stock transaction valued at approximately $654 million based upon the closing price of Washington F
FTX Token (FTT) price predictions are a hot topic on Tuesday as investors react to the latest worries about the crypto exchange.
Blockchain network LBRY has lost its battle against the SEC in court.
The board of Luther Burbank Corporation ( NASDAQ:LBC ) has announced that it will pay a dividend of $0.12 per share on...
Luther Burbank (LBC) delivered earnings and revenue surprises of 7.89% and 3.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2022 and Announces Quarterly Dividend
Third Quarter 2022 Highlights Net income of $21.0 million, or $0.41 per diluted shareNet interest margin of 2.42%Return on average assets and equity of 1.10% and 12.33%, respectivelyEfficiency ratio of 33.6% (1)Loan production of $530.1 millionWeighted average coupon on loan originations increased by 31% to 4.65%Nonperforming assets to total assets of 0.05%Tangible book value per share of $13.18 (1)Quarterly cash dividend of $0.12 per common share declared As of or For the Three Months Ended (2)