Luther Burbank

NASDAQ LBC

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Luther Burbank Accounts Payable Turnover Ratio for the year ending December 31, 2023

Luther Burbank Accounts Payable Turnover Ratio is NA for the year ending December 31, 2023. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues.
  • Luther Burbank Accounts Payable Turnover Ratio for the year ending December 31, 2022 was 45.13, a -96.91% change year over year.
  • Luther Burbank Accounts Payable Turnover Ratio for the year ending December 31, 2021 was 1,460.55, a 1,336.31% change year over year.
  • Luther Burbank Accounts Payable Turnover Ratio for the year ending December 31, 2020 was 101.69, a 121.67% change year over year.
  • Luther Burbank Accounts Payable Turnover Ratio for the year ending December 31, 2019 was 45.87, a 52.91% change year over year.
NASDAQ: LBC

Luther Burbank

CEO Ms. Simone F. Lagomarsino
IPO Date Dec. 8, 2017
Location United States
Headquarters 520 Third Street, Santa Rosa, CA, United States, 95401
Employees 256
Sector Financial Services
Industry Banks - regional
Description

Luther Burbank Corporation operates as the bank holding company for Luther Burbank Savings that provides various banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. The company offers interest and noninterest-bearing transaction accounts, certificates of deposit, and money market accounts. It also provides commercial real estate loans, including first mortgage loans for the purchase, refinance, or build-out of tenant improvements on investor owned multifamily residential properties, as well as loans for the purchase, refinance, or improvement of office, retail, and light industrial properties; single family residential loans; and a portfolio of 30-year fixed rate first mortgage and a forgivable second mortgage. In addition, the company offers ATM, debit cards, online and mobile banking, and real estate investment services; and issues trust preferred securities. Luther Burbank Corporation was founded in 1983 and is headquartered in Santa Rosa, California.

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StockViz Staff

September 20, 2024

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