Luther Burbank

Luther Burbank Corp. operates as a bank holding company. The firm operates through its subsidiary, Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, high net worth individuals, depositors, and commercial businesses. It accepts deposits from general public and invests those funds in real estate loans, including permanent mortgage and construction loan. The company was founded on May 14, 1991 and is headquartered in Santa Rosa, CA.

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Luther Burbank Savings is a financial services company that specializes in finance, banking, and mortgage services. Its principal business is providing high-value, relationship-based banking products, and services to its customers, which include real estate investors, professionals, entrepreneurs, high net worth individuals, and commercial businesses.  The company was founded in 1983 and headquartered in Santa Rosa, California.

Washington Federal

The merger deal between WaFd (WAFD) and Luther Burbank (LBC) receives all necessary regulatory approvals. The transaction will close on Feb 29.

WaFd (WAFD)-Luther Burbank (LBC) Merger Gets Regulatory Nod

SEATTLE--(BUSINESS WIRE)---- $LBC #banking--WaFd, Inc. (NASDAQ: WaFd), 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 they received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for Luther Burbank Savings to be merged with and into Washington Federal Bank, and from t.

WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation

SANTA ROSA, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income of $1.9 million and $22.3 million, or $0.04 and $0.44 diluted earnings per common share (“EPS”), for the quarter and nine months ended September 30, 2023, respectively.

Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2023

SANTA ROSA, Calif., July 25, 2023 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income of $6.9 million and $20.4 million, or $0.14 and $0.40 diluted earnings per common share (“EPS”), for the quarter and six months ended June 30, 2023, respectively.

Luther Burbank Corporation Reports Earnings for the Quarter and Six Months Ended June 30, 2023

The Washington Federal (WAFD)-Luther Burbank (LBC) deal receives shareholder approval. Upon closure, it will be accretive to WAFD?

Washington Federal (WAFD)-Luther (LBC) Deal Gets Shareholder Nod

SEATTLE--(BUSINESS WIRE)--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 Bu.

Washington Federal, Inc. and Luther Burbank Corporation Announce Receipt of Shareholder Approval for Merger

SANTA ROSA, Calif., April 25, 2023 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income of $13.4 million, or $0.26 diluted earnings per common share (“EPS”), for the quarter ended March 31, 2023.

Luther Burbank Corporation Reports Earnings for the Quarter Ended March 31, 2023

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Luther Burbank Corporation (NasdaqGS: LBC) to Washington Federal, Inc. (NasdaqGS: WAFD). Under the terms of the proposed transaction, shareholders of Luther will receive 0.3353 shares of Washington Federal for each share of Luther that they own.

LUTHER BURBANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Luther Burbank Corporation - LBC

SANTA ROSA, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (NASDAQ: LBC) (the “Company”), the holding company for Luther Burbank Savings (the “Bank”), today reported net income of $13.7 million and $80.2 million, or $0.27 and $1.57 diluted earnings per common share (“EPS”), for the quarter and year ended December 31, 2022, respectively.

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

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Luther Burbank (LBC) Stock?

Wilmington, Delaware--(Newsfile Corp. - November 21, 2022) - Rigrodsky Law, P.A. is investigating Luther Burbank Corporation ("Luther") (NASDAQ: LBC) regarding possible breaches of fiduciary duties and other violations of law related to Luther's agreement to be acquired by Washington Federal, Inc. Under the terms of the agreement, Luther's shareholders will receive 0.3353 shares per share.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-luther-burbank-corporation.To contact Seth D. Rigrodsky or Gina M.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Luther Burbank Corporation Buyout

Are Investors Undervaluing Luther Burbank (LBC) Right Now?

MILWAUKEE , Nov. 15, 2022 /PRNewswire/ -- Ademi LLP is investigating Luther Burbank (NASDAQ: LBC) for possible breaches of fiduciary duty and other violations of law in its transaction with Washington Federal.  Click here to learn how to join the action https://www.ademilaw.com/case/luther-burbank-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Luther Burbank Corporation has obtained a Fair Price in its transaction with Washington Federal

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Luther Burbank Corp. (LBC), relating to its proposed acquisition by Washington Federal, Inc. Under the terms of the agreement, LBC shareholders will receive 0.3353 shares of Washington per share they own. Click here for more information: https://www.monteverdelaw.com/case/luther-burbank-corp.

STOCKHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Luther Burbank Corp. - LBC

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Washington Federal, Inc. ("Washington Federal" or the "Company") (NASDAQ: WAFD), in connection with its takeover of Luther Burbank Corporation (NASDAQ: LBC). The transaction is valued at approximately $654 million.

SHAREHOLDER ALERT: Weiss Law Investigates Washington Federal, Inc.

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Luther Burbank Corporation ("Luther Burbank" or the "Company") (NASDAQ: LBC) in connection with its takeover by Washington Federal, Inc. ("Washington Federal") (NASDAQ: WAFD). Under the merger agreement, the Company's shareholders will receive 0.3353 shares of Washington Federal common stock for each Luther Burbank share, representing implied per-share consideration of $12.79 based upon Washington Federal's November 11, 2022 closing price of $38.15.

SHAREHOLDER ALERT: Weiss Law Investigates Luther Burbank Corporation

NEW YORK--( BUSINESS WIRE )--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Luther Burbank Corporation (NASDAQ: LBC) to Washington Federal, Inc. for 0.3353 shares of Washington common stock for each share of Luther is fair to Luther shareholders.

LBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Luther Burbank Corporation Is Fair to Shareholders

Washington Federal (WAFD) is foraying into the "fast-growing" California market with a deal to acquire Luther Burbank (LBC) for $654 million.

Washington Federal (WAFD) to Buy Luther (LBC), Enter California

SEATTLE--( BUSINESS WIRE )--Washington Federal, Inc. (NASDAQ: WAFD, “Washington Federal”) and Luther Burbank Corporation (NASDAQ: LBC, “Luther Burbank”) jointly announced today the signing of a definitive merger agreement (“Merger Agreement”) pursuant to which Washington Federal will acquire Luther Burbank and its wholly-owned subsidiary, Luther Burbank Savings, in an all-stock transaction valued at approximately $654 million based upon the closing price of Washington Federal's common stock on November 11, 2022.

Washington Federal, Inc. and Luther Burbank Corporation Announce Definitive Merger Agreement to Form a $29 Billion Asset Western US Bank

Luther Burbank Corporation (NASDAQ:LBC ) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Simone Lagomarsino - CEO and President Laura Tarantino - EVP and CFO Conference Call Participants Woody Lay - KBW Adam Butler - Piper Sandler Gary Tenner - D.A. Davidson Operator Good morning, and welcome to the Luther Burbank Corporation Third Quarter 2022 Earnings Conference Call.

Luther Burbank Corporation (LBC) Q3 2022 Earnings Call Transcript

Luther Burbank (LBC) delivered earnings and revenue surprises of 7.89% and 3.03%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Luther Burbank (LBC) Tops Q3 Earnings and Revenue Estimates

Net income of $21.0 million, or $0.41 per diluted share.

Luther Burbank Corporation Reports Earnings for the Quarter and Nine Months Ended September 30, 2022 and Announces Quarterly Dividend

Luther Burbank (LBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Luther Burbank (LBC) to Report a Decline in Earnings: What to Look Out for

SANTA ROSA, Calif., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Luther Burbank Corporation (the “Company”) (NASDAQ: LBC), the holding company for Luther Burbank Savings (the “Bank”), announced today that it will release its financial results as of and for the quarter and nine months ended September 30, 2022 after the market closes on Tuesday, October 25, 2022.

Luther Burbank Corporation Announces Third Quarter 2022 Earnings Release and Conference Call Dates

Luther Burbank Corporation (NASDAQ:LBC ) Q2 2022 Results Conference Call July 27, 2022 11:00 AM ET Company Participants Simone Lagomarsino - Chief Executive Officer, President & Director Laura Tarantino - Executive Vice President & Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Woody Lay - KBW Operator Good morning, and welcome to the Luther Burbank Corporation Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Before we begin, the company would like to remind you that discussions during this call contain forward-looking statements that do not relate strictly to historical or current facts.

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