Luther Burbank: Q4 Earnings Snapshot

SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Tuesday reported fourth-quarter net income of $13.7 million.

The bank, based in Santa Rosa, California, said it had earnings of 27 cents per share.

The bank holding company posted revenue of $78.9 million in the period. Its revenue net of interest expense was $40.2 million, topping Street forecasts.

For the year, the company reported profit of $80.2 million, or $1.57 per share. Revenue was reported as $178.9 million.

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