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Shares of Luther Burbank (NASDAQ:LBC) were unchanged after the company reported Q4 results.
Quarterly Results
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Earnings per share increased 40.91% over the past year to $0.31, which beat the estimate of $0.27.
Revenue of $37,712,000 higher by 11.00% year over year, which beat the estimate of $37,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
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Luther Burbank hasn't issued any revenue guidance for the time being.
Recent Stock Performance
52-week high: $11.84
52-week low: $6.76
Price action over last quarter: Up 10.75%
Company Description
Luther Burbank Corp is a bank holding company. It provides real estate secured lending in metropolitan areas in the United States. The company offers a suite of mortgage and savings products designed for customers. Its personal banking products include checking and saving the account, certificate of deposits, individual retirement account, and others. The loan portfolio of the company comprises commercial multifamily real estate loans and single family residential loans and other services. The company also provides the high-yield certificate of deposits, liquidity management, mobile business banking and among others. It generates most of the revenue from interest on loans and investments.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.