Luther Burbank Corporation (LBC) News
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LBC News Highlights
- For LBC, its 30 day story count is now at 2.
- Over the past 5 days, the trend for LBC's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
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.
WaFd, Luther Burbank extend merger deadline to FebruaryBoth banks say they're "fully committed" to the deal, but it's the second delay for the transaction, originally expected to close by June 2023. It also faces opposition from a coalition of 54 nonprofits. |
Investors in Luther Burbank (NASDAQ:LBC) have unfortunately lost 27% over the last yearPassive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you... |
Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2023Third 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-bala |
LIBERO CLOSES PRIVATE PLACEMENTLibero Copper & Gold Corporation (TSXV: LBC) (OTCQB: LBCMF) (DE: 29H) announces it has closed the first tranche of a non-brokered private placement (the "Offering") for the sale of 9,130,000 units (the "Units") at a price of C$0.05 per Unit for gross proceeds of C$456,500. Each Unit is comprised of one common share (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share (each, a "Warrant Share") at a |
Luther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2023Second 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 |
MVB Financial (MVBF), Integrated Financial Merger TerminatedMVB Financial (MVBF) and Integrated Financial terminate their all-stock merger deal. |
Washington Federal, Inc. and Luther Burbank Corporation Announce Receipt of Shareholder Approval for MergerSEATTLE, May 05, 2023--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 stock to the shareholders of Luther Burban |
Luther Burbank First Quarter 2023 Earnings: EPS: US$0.26 (vs US$0.45 in 1Q 2022)Luther Burbank ( NASDAQ:LBC ) First Quarter 2023 Results Key Financial Results Revenue: US$36.0m (down 24% from 1Q... |
Luther Burbank Corporation Reports Earnings for the Quarter Ended March 31, 2023First 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 o |
Investors in Luther Burbank (NASDAQ:LBC) have made a decent return of 37% over the past three yearsInvestors can buy low cost index fund if they want to receive the average market return. But if you invest in... |