Luther Burbank

NASDAQ LBC

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Luther Burbank Cash Interest Coverage Ratio 1 year YoY Change (%) for the year ending December 31, 2023: -77.85%

Luther Burbank Cash Interest Coverage Ratio 1 year YoY Change (%) is -77.85% for the year ending December 31, 2023, a -71.60% change year over year. The cash interest coverage ratio measures a company's ability to cover its interest expenses with its operating cash flow. It is calculated by dividing operating cash flow by interest expense. This ratio indicates the company's capacity to generate sufficient cash flow to meet its interest obligations. A higher ratio signifies better coverage and financial stability. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.
  • Luther Burbank Cash Interest Coverage Ratio for the year ending December 31, 2022 was 1.01, a -45.37% change year over year.
  • Luther Burbank Cash Interest Coverage Ratio for the year ending December 31, 2021 was 1.86, a 193.63% change year over year.
  • Luther Burbank Cash Interest Coverage Ratio for the year ending December 31, 2020 was 0.63, a 16.99% change year over year.
  • Luther Burbank Cash Interest Coverage Ratio for the year ending December 31, 2019 was 0.54, a -7.41% 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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