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Luther Burbank Corp - LBC STOCK NEWS

Welcome to our dedicated news page for Luther Burbank (Ticker: LBC), a resource for investors and traders seeking the latest updates and insights on Luther Burbank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Luther Burbank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Luther Burbank's position in the market.

Rhea-AI Summary
WaFd, Inc. (NASDAQ: WAFD) and Luther Burbank Corporation (NASDAQ: LBC) have received regulatory approvals for Luther Burbank Savings to be merged with and into Washington Federal Bank, expanding WaFd Bank’s footprint to nine western states with the addition of ten California branches. The merger is expected to be completed by February 29, 2024, subject to the satisfaction of remaining closing conditions. WaFd will welcome two directors from Luther Burbank to join the Boards following the closing.
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-4.76%
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FireFly Automatix, Inc. appoints M. Max Yzaguirre as a strategic advisor, following the addition of former WPP Group CFO Paul Richardson and capital markets professional Liz Hocker to its board. Yzaguirre brings 35 years of leadership experience and expertise in various industries. FireFly's AMP-L100, the company's first fully autonomous and EV offering, has seen significant success. These appointments are expected to facilitate FireFly's expansion in 2024 and beyond.
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Luther Burbank Corporation (NASDAQ: LBC) reported net income of $1.9 million and $22.3 million, or $0.04 and $0.44 diluted earnings per common share, for the quarter and nine months ended September 30, 2023, respectively. The company maintained stable uninsured deposits at $1.0 billion, or 17.6% of total deposits. Liquidity ratio was 13.8% and dependence on wholesale funds declined to 27.6%. Nonperforming assets to total assets was 0.08%. Tier 1 leverage and total risk-based capital ratios were 9.66% and 20.86%, respectively.
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1.24%
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4.7%
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0.89%
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4.32%
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Luther Burbank Corp

Nasdaq:LBC

LBC Rankings

LBC Stock Data

466.80M
18.26M
79.76%
16.02%
0.21%
Savings Institutions
Finance and Insurance
Link
United States
Santa Rosa

About LBC

founded in 1983 in santa rosa, luther burbank savings is an fdic insured privately-owned thrift focusing on traditional savings and loan services. luther burbank lived and worked in santa rosa, california. during his life, he introduced over 800 varieties of plants and hundreds of ornamental flowers including the shasta daisy. his russet burbank potato is still the most widely cultivated potato in the united states. luther burbank savings honors his legacy and his vision. we operate with a simple and conservative business plan designed to safeguard assets and serve the public. luther burbank savings was founded in 1983 as a privately owned bank and our responsibilities are to our customers, not public stockholders. current assets have reached $3.6 billion, and profits have been posted for over 27 years. our logo, the shasta daisy, is a symbol of growth and renewal. luther burbank savings specializes in traditional real estate loans on all types of property, funded with local depo