Luther Burbank Corp. LBC Income Statement

Luther burbank corp. (LBC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17
Interest and fee income:
Loans
249,182	249,530	244,363	235,997	226,325	211,835	196,027	184,563	174,393	166,573	0	0	0
Investment securities
14,839	15,461	15,734	15,100	13,883	12,430	10,179	8,596	7,558	6,739	0	0	0
Cash, cash equivalents and restricted cash
2,068	2,151	2,303	2,026	1,946	1,792	0	0	0	-	0	-	-
Total interest and fee income
266,089	267,142	262,400	253,123	242,154	226,057	207,988	194,772	183,122	174,237	0	0	0
Interest expense:
Deposits
105,385	105,092	101,656	93,379	81,468	69,112	57,427	47,933	42,431	38,813	0	0	0
FHLB advances
23,682	24,896	24,947	24,824	25,237	23,285	21,263	20,663	18,100	16,555	0	0	0
Junior subordinated deferrable interest debentures
2,289	2,447	2,499	2,495	2,430	2,266	2,101	1,931	1,772	1,665	0	0	0
Senior debt
0	-	-	-	0	-	-	-	-	-	-	-	-
Senior debt
-	-	6,302	6,302	-	6,307	6,309	6,309	6,309	6,309	0	0	0
Total interest expense
137,659	138,735	135,404	127,000	115,440	100,970	87,100	76,836	68,612	63,342	0	0	0
Net interest income before provision for loan losses
128,430	128,407	126,996	126,123	126,714	125,087	120,888	117,936	114,510	110,895	0	0	0
Provision for Loan, Lease, and Other Losses
6,250	1,250	400	1,550	2,400	3,600	4,700	5,600	-2,181	-3,372	0	0	0
Net interest income after provision for loan losses
122,180	127,157	126,596	124,573	124,314	121,487	116,188	112,336	116,691	114,267	0	0	0
Noninterest income:
Increase in cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	0	0
Gain on sale of loans
274	607	607	670	473	140	140	4,133	3,440	3,277	0	0	0
FHLB dividends
2,203	2,163	2,614	2,679	2,636	2,735	2,422	2,381	2,434	2,473	0	0	0
Other income
1,616	1,905	1,886	1,808	1,377	1,256	1,913	1,849	1,826	1,758	0	0	0
Total noninterest income
4,093	4,675	5,107	5,157	4,486	4,131	4,379	8,267	7,651	7,508	0	0	0
Noninterest expense:
Compensation and related benefits
38,381	37,228	38,881	38,708	39,293	38,860	35,976	35,622	35,946	36,524	0	0	0
Deposit insurance premium
523	545	1,495	1,978	1,958	1,892	1,785	1,882	1,846	1,812	0	0	0
Professional and regulatory fees
1,974	1,984	2,161	2,034	2,080	2,037	1,876	1,910	2,247	2,034	0	0	0
Occupancy
5,438	5,688	5,545	5,538	5,443	5,349	5,313	5,234	5,153	5,155	0	0	0
Depreciation and amortization
2,622	2,618	2,706	2,734	2,764	2,813	2,831	2,848	2,882	2,903	0	0	0
Data processing
3,786	3,738	3,634	3,584	3,446	3,315	3,279	3,175	3,165	3,167	0	0	0
Marketing
4,774	5,053	4,930	4,948	4,438	3,497	2,307	1,325	969	935	0	0	0
Other expenses
5,480	5,514	5,637	4,486	4,801	4,924	4,577	4,640	4,346	4,014	0	0	0
Total noninterest expense
62,978	62,368	64,989	64,010	64,223	62,687	57,944	56,636	56,554	56,544	0	0	0
Income before provision for income taxes
63,295	69,464	66,714	65,720	64,577	62,931	62,623	63,967	67,788	65,231	0	0	0
Provision for income taxes
18,868	20,603	19,707	19,320	18,609	17,871	7,745	3,471	-403	-4,153	0	0	0
Net Income (Loss) Attributable to Parent
44,427	48,861	47,007	46,400	45,968	45,060	54,878	60,496	68,191	69,384	0	0	0
Basic earnings per common share (in usd per share)
0.14	0.22	0.23	0.21	0.21	0.18	0.22	0.20	0.20	0.46	0.42	0.45	0.29
Diluted earnings per common share (in usd per share)
0.14	0.22	0.23	0.21	0.21	0.18	0.21	0.20	0.20	0.46	0.42	0.45	0.29
Dividends per common share (in usd per share)
0.06	0.05	0.06	0.06	0.06	0.05	0.06	0.06	0.11	-	0.01	-	-
Weighted average common shares outstanding - basic
-	-	-	-	-	-	-	-	-	-	-	42,000	42,000
Weighted average common shares outstanding - diluted
-	-	-	-	-	-	-	-	-	-	-	42,000	42,000