Luther Burbank

NASDAQ LBC

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Luther Burbank Payables Turnover 1 year YoY Change (%) for the quarter ending December 31, 2018: -100.00%

Luther Burbank Payables Turnover 1 year YoY Change (%) is -100.00% for the quarter ending December 31, 2018. Payables turnover measures the efficiency with which a company manages its accounts payable. It is calculated by dividing the cost of revenue by the accounts payable. This ratio indicates how quickly a company pays off its obligations to suppliers and vendors. A higher turnover suggests that the company is efficiently managing its accounts payable, while a lower ratio may indicate a slower payment process or potential liquidity issues. 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.
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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September 20, 2024

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