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
Company profile
Ticker
LBC
Exchange
Website
CEO
Simone Lagomarsino
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Burbank Financial Inc. ...
LBC stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
1 Mar 24
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Mar 24
8-K
Completion of Acquisition or Disposition of Assets
29 Feb 24
25-NSE
Exchange delisting
29 Feb 24
8-K
WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation
30 Jan 24
8-K
Other Events
29 Nov 23
10-Q
2023 Q3
Quarterly report
3 Nov 23
8-K
Luther Burbank Corporation Reports Earnings for the
30 Oct 23
8-K
Submission of Matters to a Vote of Security Holders
25 Oct 23
DEFA14A
Additional proxy soliciting materials
8 Sep 23
Transcripts
LBC
Earnings call transcript
2022 Q3
26 Oct 22
LBC
Earnings call transcript
2022 Q2
30 Jul 22
LBC
Earnings call transcript
2022 Q1
27 Apr 22
LBC
Earnings call transcript
2021 Q4
26 Jan 22
LBC
Earnings call transcript
2021 Q3
27 Oct 21
LBC
Earnings call transcript
2021 Q2
1 Aug 21
LBC
Earnings call transcript
2021 Q1
28 Apr 21
LBC
Earnings call transcript
2020 Q4
27 Jan 21
LBC
Earnings call transcript
2020 Q3
31 Oct 20
LBC
Earnings call transcript
2020 Q2
2 Aug 20
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 579.72 mm | 579.72 mm | 579.72 mm | 579.72 mm | 579.72 mm | 579.72 mm |
Cash burn (monthly) | 39.88 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 264.31 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 315.42 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 7.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
63.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 71 |
Opened positions | 9 |
Closed positions | 9 |
Increased positions | 16 |
Reduced positions | 35 |
13F shares | Current |
---|---|
Total value | 65.27 bn |
Total shares | 32.41 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Victor Henry David Trione Trust | 24.78 mm | $337.75 mm |
BLK Blackrock | 1.22 mm | $10.84 bn |
Dimensional Fund Advisors | 932.22 k | $8.32 bn |
Hotchkis & Wiley Capital Management | 718.38 k | $6.41 bn |
C Citigroup | 589.32 k | $5.26 bn |
Vanguard | 541.27 k | $4.83 bn |
Bridgeway Capital Management | 414.13 k | $3.69 bn |
STT State Street | 338.36 k | $3.02 bn |
Foundry Partners | 269.73 k | $2.41 bn |
Renaissance Technologies | 220.57 k | $1.97 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Stefani Alexander L | Common Stock | Sale back to company | Dispose D | No | No | 0 | 46,940 | 0.00 | 0 |
1 Mar 24 | William Fanter | Common Stock | Sale back to company | Dispose D | No | No | 0 | 12,284 | 0.00 | 0 |
1 Mar 24 | Anita G. Newcomb | Common Stock | Sale back to company | Dispose D | No | No | 0 | 60,962 | 0.00 | 0 |
1 Mar 24 | John C Erickson | Common Stock | Sale back to company | Dispose D | No | No | 0 | 51,420.221 | 0.00 | 0 |
1 Mar 24 | Greg L Smith | Common Stock | Sale back to company | Dispose D | No | No | 0 | 6,716 | 0.00 | 0 |