Inactive Instrument

LUTR BURBNPV

Equities

LBC

US5505501073

Luther Burbank Corporation Decides to Suspend Quarterly Cash Dividends

July 25, 2023 at 04:00 pm EDT

Luther Burbank Corporation announced that given the pending merger with Washington Federal, and the desire to preserve capital in the current uncertain economic environment, the Company?s Board of Directors has decided to suspend quarterly cash dividends.

Latest news about LUTR BURBNPV

Luther Burbank Corporation Announces Directors and Executive Officers Ceased Serving in Such Capacities	Mar. 01	CI
Luther Burbank Corporation(NasdaqGS:LBC) dropped from NASDAQ Composite Index	Feb. 29	CI
Luther Burbank Corporation(NasdaqGS:LBC) dropped from S&P TMI Index	Feb. 29	CI
Luther Burbank Corporation(NasdaqGS:LBC) dropped from S&P Global BMI Index	Feb. 29	CI
Washington Federal, Inc. completed the acquisition of Luther Burbank Corporation.	Feb. 28	CI
North American Morning Briefing : Traders Await -2-	Feb. 26	DJ
NYCB stock rout prompts US bank regulators to conduct health checks	Feb. 20	RE
North American Morning Briefing : Stock Futures Steady as Traders Await CPI Data	Feb. 12	DJ
North American Morning Briefing : Hopes of March -2-	Feb. 05	DJ
WaFd, Luther Burbank Obtain Regulatory Approvals for Merger	Jan. 31	MT
North American Morning Briefing : Cautious Start to Fully-Booked Week	Jan. 29	DJ
North American Morning Briefing : S&P 500 Seen Extending Record	Jan. 22	DJ
Keefe, Bruyette & Woods Trims Price Target on Luther Burbank to $11 From $12.50, Keeps Outperform Rating	Nov. 21	MT
Earnings Flash (LBC) LUTHER BURBANK CORPORATION Posts Q3 EPS $0.04	23-10-30	MT
Luther Burbank Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-30	CI
Luther Burbank Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023	23-10-30	CI
Luther Burbank Corporation Decides to Suspend Quarterly Cash Dividends	23-07-25	CI
Luther Burbank Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-25	CI
Luther Burbank Corporation(NasdaqGS:LBC) dropped from Russell 2000 Dynamic Index	23-06-23	CI
Keefe, Bruyette & Woods Adjusts Price Target on Luther Burbank to $12.75 From $13.50, Maintains Market Perform Rating	23-05-18	MT
Washington Federal, Luther Burbank Receive Shareholder Approval for Planned Merger	23-05-08	MT
Luther Burbank Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-25	CI
Earnings Flash (LBC) LUTHER BURBANK CORPORATION Reports Q1 EPS $0.26	23-04-25	MT
Luther Burbank Q4 EPS, Revenue Fall	23-01-24	MT
Earnings Flash (LBC) LUTHER BURBANK CORPORATION Reports Q4 EPS $0.27	23-01-24	MT

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Company Profile

Luther Burbank Corporation is a bank holding company. The Company operates primarily through its wholly owned subsidiary, Luther Burbank Savings. The Company's principal business is attracting deposits from the 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 in the western United States and has developed expertise in multifamily residential, jumbo nonconforming single family residential and commercial real estate lending. Its commercial real estate loans consist primarily of first mortgage loans made for the purpose of purchase, refinance or build-out of tenant improvements on investor-owned multifamily residential (five or more units) properties. Its full-service branches in California are located in Sonoma, Marin, Santa Clara, and Los Angeles Counties.

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