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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

Luther Burbank Corp (LBC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  243.8219.2231.0249.5211.8166.6139.4124.2
        Interest income on investments  14.48.59.915.512.46.7  
       261.0227.9241.4267.1226.1174.2144.2127.5
    Interest expense:  
        Interest on deposits  56.535.673.3105.169.138.831.629.2
       8.357.5102.8138.7101.063.349.542.6
Net interest income  8.3170.5138.6128.4125.1110.9193.7170.2
Provision for loan losses  1.2-10.810.61.33.6-3.4  
Net interest income after provision for loan losses  7.2181.3128.1127.2121.5114.3193.7170.2
        Gain on sale of investments, net        3.92.9
        Other non-interest income  0.11.92.54.74.17.54.04.0
Total non-interest income  0.11.92.54.74.17.57.86.9
Non-interest expenses  0.559.173.962.462.756.561.262.3
Pre-tax income  20.8124.056.769.562.965.253.936.6
Income taxes  -2.536.216.720.617.9-4.21.81.2
            Tax rate   29.2%29.6%29.7%28.4% 3.4%3.4%
Net income  80.287.839.948.945.169.452.135.4
            Net margin  957.8%47.9%30.6%37.1%35.9%57.0%25.9%20.0%
   
Basic EPS   $1.70$0.75$0.87$0.80$1.62$1.24$0.84
Diluted EPS   $1.70$0.75$0.87$0.79$1.62$1.24$0.84
   
Shares outstanding (basic)   51.653.056.056.242.942.042.0
Shares outstanding (diluted)   51.853.156.256.843.042.042.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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