LBC Stock - Luther Burbank Corporation
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Financial Statements
| Metric | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Revenue | $178.91M | $172.34M | $141.14M | $133.08M | $129.22M |
| Gross Profit | $178.91M | $172.34M | $141.14M | $133.08M | $129.22M |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Income | $197.44M | $124.00M | $56.66M | $69.46M | $163.90M |
| Net Income | $80.20M | $87.75M | $39.91M | $48.86M | $45.06M |
| Net Margin | 44.8% | 50.9% | 28.3% | 36.7% | 34.9% |
| EPS | $1.58 | $1.70 | $0.75 | $0.87 | $0.79 |
Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor-owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. As of December 31, 2021, it operated ten full service branches in California located in Sonoma, Marin, Santa Clara, and Los Angeles Counties; one full service branch in Washington located in King County; six loan production offices located throughout California; and a loan production office in Clackamas County, Oregon. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 21st 2022 | Keefe Bruyette | Upgrade | Outperform | - |
Earnings History & Surprises
LBCEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2024 | Feb 20, 2024 | $0.06 | — | — | — |
Q4 2023 | Oct 30, 2023 | $0.12 | $0.04 | -66.7% | ✗ MISS |
Q3 2023 | Jul 25, 2023 | $0.19 | $0.14 | -26.3% | ✗ MISS |
Q2 2023 | Apr 25, 2023 | $0.27 | $0.26 | -3.7% | ✗ MISS |
Q1 2023 | Jan 24, 2023 | $0.33 | $0.27 | -18.2% | ✗ MISS |
Q4 2022 | Oct 25, 2022 | $0.38 | $0.41 | +7.9% | ✓ BEAT |
Q3 2022 | Jul 26, 2022 | $0.38 | $0.44 | +15.8% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $0.40 | $0.45 | +12.5% | ✓ BEAT |
Q1 2022 | Jan 25, 2022 | $0.43 | $0.45 | +4.7% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $0.41 | $0.48 | +17.1% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $0.33 | $0.41 | +24.2% | ✓ BEAT |
Q2 2021 | Apr 27, 2021 | $0.29 | $0.35 | +20.7% | ✓ BEAT |
Q1 2021 | Jan 26, 2021 | $0.27 | $0.31 | +14.8% | ✓ BEAT |
Q4 2020 | Oct 27, 2020 | $0.21 | $0.27 | +28.6% | ✓ BEAT |
Q3 2020 | Jul 28, 2020 | $0.17 | $0.18 | +5.9% | ✓ BEAT |
Q2 2020 | May 4, 2020 | $0.21 | $0.14 | -33.3% | ✗ MISS |
Q1 2020 | Jan 28, 2020 | $0.24 | $0.22 | -8.3% | ✗ MISS |
Q4 2019 | Oct 23, 2019 | $0.20 | $0.23 | +15.0% | ✓ BEAT |
Q3 2019 | Jul 29, 2019 | $0.21 | $0.21 | 0.0% | = MET |
Q2 2019 | Apr 29, 2019 | $0.19 | $0.21 | +10.5% | ✓ BEAT |
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