Company Quick10K Filing
Luther Burbank
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-03-11
10-Q 2019-09-30 Filed 2019-11-12
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-10
10-K 2018-12-31 Filed 2019-03-04
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-16
8-K 2020-05-04 Earnings, Regulation FD, Other Events, Exhibits
8-K 2020-04-28 Shareholder Vote
8-K 2020-04-10 Regulation FD, Exhibits
8-K 2020-03-11 Other Events
8-K 2020-02-26 Other Events
8-K 2020-01-28 Earnings, Regulation FD, Other Events, Exhibits
8-K 2020-01-10 Regulation FD, Exhibits
8-K 2019-10-23
8-K 2019-10-03 Regulation FD, Exhibits
8-K 2019-07-29 Earnings, Regulation FD, Exhibits
8-K 2019-07-10 Regulation FD, Exhibits
8-K 2019-04-29 Earnings, Regulation FD, Exhibits
8-K 2019-04-26 Officers
8-K 2019-04-24 Shareholder Vote
8-K 2019-04-10 Regulation FD, Exhibits
8-K 2019-01-31 Other Events
8-K 2019-01-28 Earnings, Regulation FD, Exhibits
8-K 2019-01-10 Regulation FD, Exhibits
8-K 2018-12-14 Other Events, Exhibits
8-K 2018-11-30 Officers, Exhibits
8-K 2018-10-25 Earnings, Regulation FD, Exhibits
8-K 2018-10-10 Regulation FD, Exhibits
8-K 2018-08-16 Other Events, Exhibits
8-K 2018-07-26 Earnings, Regulation FD, Exhibits
8-K 2018-07-10 Regulation FD, Exhibits
8-K 2018-06-07 Officers, Regulation FD, Exhibits
8-K 2018-05-24 Shareholder Vote
8-K 2018-04-27 Amend Bylaw, Regulation FD, Exhibits
8-K 2018-04-26 Earnings, Regulation FD, Exhibits
8-K 2018-04-05 Regulation FD, Exhibits
8-K 2018-03-05 Regulation FD, Exhibits
8-K 2018-01-25 Earnings, Exhibits

Luther Burbank Financials

LBC Metrics, Comps, Filings

Quarterly | Annual

Business

Luther Burbank Corporation is a bank holding company incorporated on May 14, 1991 under the laws of the state of California and is headquartered in Santa Rosa, California. The Company operates primarily through its wholly-owned subsidiary, Luther Burbank Savings, a California banking corporation originally chartered in 1983 in Santa Rosa, California. The Bank conducts its business from its headquarters in Manhattan Beach, CA. In December 2017, in conjunction with our initial public offering ("IPO"), the Company terminated its status as an S-Corporation and elected to be treated as a C-Corporation. As of December 1, 2017, the Company's taxable earnings have been subject to U.S. federal income tax.

The Company also owns Burbank Financial Inc., a real estate investment company, and Luther Burbank Statutory Trusts I and II, entities created to issue trust preferred securities.

The Company's principal business is attracting deposits from the general public and investing those funds in a variety of loans, including permanent mortgage loans and construction loans secured by residential, multifamily, and commercial real estate. The Company specializes in real estate secured lending in metropolitan areas along the West Coast and has developed expertise in multifamily residential, jumbo nonconforming single family residential and commercial real estate lending.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Banc of California (BANC) 715 0% 1.9 0% 8,625 7,724 3 0 21 194 371
CBTX (CBTX) 706 5.0 2% 3,432 2,906 0 0 52 83 417
Camden National (CAC) 692 4.9 1% 4,520 4,049 0 0 56 116 564
First Foundation (FFWM) 686 0% 2.6 1% 6,358 5,754 21 0 55 163 417
Peoples Bancorp (PEBO) 673 0% 6.6 1% 4,396 3,808 42 0 53 97 635
Customers Bancorp (CUBI) 668 0% 1.8 1% 11,724 10,705 35 0 70 272 486
Hanmi Financial (HAFC) 660 3.9 1% 5,528 4,953 0 0 41 132 509
Blue Hills Bancorp (BHBK) 656 11.4 1% 2,806 2,401 0 0 25 61 691
Midland States Bancorp (MSBI) 651 1.7 1% 6,114 5,458 0 0 59 145 242
Luther Burbank (LBC) 647 2.8 1% 7,161 6,556 0 0 47 171 479
Nicolet Bankshares (NCBS) 646 7.5 1% 3,106 2,677 0 0 43 74 560
Tristate Capital Holdings (TSC) 622 1.2 1% 7,198 6,594 0 0 61 200 238
QCR Holdings (QCRH) 617 0% 3.9 1% 5,292 4,773 212 0 55 133 514
Bank of Marin Bancorp (BMRC) 603 10.9 1% 2,592 2,259 0 0 25 39 421
Harborone Bancorp (HONE) 599 12.6 0% 3,737 3,366 0 0 13 58 731
Bridge Bancorp (BDGE) 588 0% 4.2 1% 4,736 4,250 8 0 51 108 456
Flushing Financial (FFIC) 586 0% 3.0 1% 7,111 6,543 3 0 41 169 499
The Bancorp (TBBK) 585 -6.5 0% 4,944 4,459 0 0 7 57 -371
First Mid Illinois Bancshares (FMBH) 580 6.2 1% 3,838 3,316 0 0 36 76 472
First Bancshares (FBMS) 580 8.5 1% 3,482 3,004 0 0 32 68 580

Balance Sheet ($MM)2018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash7476619210594168
Accounts Receivable
Inventory
PP&E22222236202019
Assets6,0346,5106,6926,9376,9927,1147,161
Accounts Payable
Long-Term Debt
Liabilities5,4805,9486,1216,3566,4046,5176,556
Stockholders' Equity554562571581588597605
Income Statement ($MM)2018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A011111
Tax41154555
Net Income11111211121213
Cash Flow ($MM)2018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating51825171621
Cash Investing-331-484-200-44-13224
Cash Financing3264671604010530