U.S. Markets open in 3 hrs 56 mins

Luther Burbank: 4Q Earnings Snapshot

SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Tuesday reported fourth-quarter net income of $12.5 million.

The Santa Rosa, California-based bank said it had earnings of 22 cents per share.

The bank holding company posted revenue of $68.2 million in the period. Its revenue net of interest expense was $34 million, which missed Street forecasts.

For the year, the company reported profit of $48.9 million, or 87 cents per share. Revenue was reported as $133.1 million.

Luther Burbank shares have increased almost 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.73, an increase of 18% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LBC at https://www.zacks.com/ap/LBC