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Stock impact report

Luther Burbank Corporation Reports Earnings for the Quarter and Year Ended December 31, 2022

Luther Burbank Corporation (LBC) 
Last luther burbank corporation earnings: 1/28 04:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
Fourth Quarter 2022 Highlights Net income of $13.7 million, or $0.27 per diluted shareNet interest margin of 2.01%Return on average assets and equity of 0.69% and 8.04%, respectivelyNoninterest expense to average assets of 1.00%Loan production of $281.4 millionWeighted average coupon on loan originations increased by 22% to 5.68%Nonperforming assets to total assets of 0.08%Book value per share of $13.36Tangible book value per share of $13.30 (1)  As of or For the Three Months Ended (2)(Dollars in thousands, except per share amounts)December 31,2022September 30,2022December 31,2021Performance Ratios   Return on average assets0.69%1.10%1.30%Return on average equity8.04%12.33%14.08 Show less Read more
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