Private company

Luther Burbank Corp

American state commercial bank based in Santa Rosa, no longer active2

In its 2023 annual report the company says: “Luther Burbank Corporation is a bank holding company incorporated on May 14, 1991 under the laws of the state of California and is headquartered in Santa Rosa, California. The Company operates primarily through its wholly-owned subsidiary, Luther Burbank Savings, a California banking corporation originally chartered in 1983 in Santa Rosa, California. The Company also owns Burbank Financial Inc., a real estate investment company, and Luther Burbank Statutory Trusts I and II, entities created to issue trust preferred securities.”52

Last updated Oct 20, 2026.

Overview

  • IndustryState Commercial Banks2
  • HeadquartersSanta Rosa, United States2
  • Incorporated inCA3
  • Business address520 Third Street, 4Th Floor, Santa Rosa, Ca 954013
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formFor-Profit Corporation General Stock2
  • LEI5493007YRUZ4ZDZM0J482
  • StatusInactive2
  • LEI statusRetired2
  • Registered addressC/O C T CORPORATION SYSTEM, 95814 Sacramento, United States2
  • Registered withSecretary of State, C15186752

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income45678$80.2M in 2022+16% since 2017
0$25.0M$50.0M$75.0M$100.0M2017: $69.4M$69.4M20172018: $45.1M$45.1M2018−35%2019: $48.9M$48.9M2019+8%2020: $39.9M$39.9M2020−18%2021: $87.8M$87.8M2021+120%2022: $80.2M$80.2M2022−9%
Fiscal year20162017201820192020202120222023
Interest$63.3M4$101.0M5$138.7M6$102.8M7$57.5M8$83.7M8
Income before tax$124.0M8$113.7M8
Income tax-$4.2M4$17.9M5$20.6M6$16.7M7$36.2M8$33.5M8
Net income$69.4M4$45.1M5$48.9M6$39.9M7$87.8M8$80.2M8
Earnings per share$1.624$0.805$0.876$0.757$1.708$1.588
Earnings per share (diluted)$1.624$0.795$0.876$0.757$1.708$1.578
Shares (weighted, basic)51.6M shares850.9M shares8
Shares (weighted, diluted)51.8M shares851.0M shares8

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Corporate structure

Luther Burbank Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Luther Burbank Corp

  • Mark H. Trione Filed SC 13G on Luther Burbank Corp, latest Feb 14, 2023
  • Victor Trione Filed SC 13G on Luther Burbank Corp, latest Feb 14, 2023
  • Victor Henry David Trione Trust Filed SC 13D/A on Luther Burbank Corp, latest Aug 10, 2022 (3 filings since Feb 14, 2022)
  • Luther Burbank Corp Santa Rosa, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Luther Burbank Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$32.4M8 Dec 31, 2022$33.7M8 Dec 31, 2021−3.8%
Accumulated depreciation$18.7M8 Dec 31, 2022$17.6M8 Dec 31, 2021+6.5%
Property and equipment, net$13.7M8 Dec 31, 2022$16.1M8 Dec 31, 2021−15.1%
Operating-lease assets (leased space)$13.2M8 Dec 31, 2022$15.8M8 Jan 1, 2022−16.2%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$607.3M8 Dec 31, 2022$647.3M8 Dec 31, 2021−6.2%
Debt securities held to maturity$3.1M8 Dec 31, 2022$3.8M8 Dec 31, 2021−18.8%
Equity securities at fair value$10.3M8 Dec 31, 2022$11.7M8 Dec 31, 2021−11.6%
Deposits held (banks)$5.8B8 Dec 31, 2022$5.5B8 Dec 31, 2021+5.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.3M8 Dec 31, 2022$3.3M8 Dec 31, 20210%

Leadership

Who has led Luther Burbank Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John G. Biggs2017–2019
  2. Simone Lagomarsino2019–2024

President

  1. John G. Biggs2017–2019
  2. Simone Lagomarsino2019–2024

Chief financial officer

  1. Laura Tarantino2017–2024

Chief operating officer

  1. Scott Frazee2018–2019
20202025
Board members and other officers (20)

Timeline

  1. Mar 1, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights35
  2. Jan 30, 20248-K Results of operations; Other events36
  3. Nov 29, 20238-K Other events37
  4. Oct 30, 20238-K Results of operations38
  5. Oct 25, 20238-K Shareholder vote39
  6. Jul 25, 20238-K Results of operations; Director nominations; Other events40
  7. May 5, 20238-K Shareholder vote; Regulation FD disclosure41
  8. Apr 25, 20238-K Results of operations42
  9. Apr 10, 20238-K Other events43
  10. Jan 24, 20238-K Results of operations44
  11. Nov 14, 20228-K Entered a material agreement; Other events45
  12. Oct 25, 20228-K Results of operations; Regulation FD disclosure; Other events46
  13. Jan 28, 2019New chief executive Simone Lagomarsino becomes CEO12
  14. Dec 7, 2017New chief executive John G. Biggs becomes CEO13
  15. May 14, 1991Founded Luther Burbank Corp is founded2

Calendar

When it reported results

  1. Jan 30, 2024Reported quarterly or annual results36
  2. Oct 30, 2023Reported quarterly or annual results38
  3. Jul 25, 2023Reported quarterly or annual results40
  4. Apr 25, 2023Reported quarterly or annual results42
  5. Jan 24, 2023Reported quarterly or annual results44
  6. Oct 25, 2022Reported quarterly or annual results46
  7. Jul 26, 2022Reported quarterly or annual results47
  8. Apr 26, 2022Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

126 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 25 major events, 72 insider forms, 5 large holders, 15 other. The latest 20:

  1. Mar 1, 20244 EDGAR
  2. Mar 1, 20244 EDGAR
  3. Mar 1, 20244 EDGAR
  4. Mar 1, 20244 EDGAR
  5. Mar 1, 20244 EDGAR
  6. Mar 1, 20244 EDGAR
  7. Mar 1, 20244 EDGAR
  8. Mar 1, 20244 EDGAR
  9. Mar 1, 20244/A EDGAR
  10. Mar 1, 20244 EDGAR
  11. Mar 1, 20244 EDGAR
  12. Mar 1, 20244 EDGAR
  13. Mar 1, 202415-12G EDGAR
  14. Mar 1, 2024S-8 POS EDGAR
  15. Mar 1, 20248-K EDGAR
  16. Mar 1, 20244 EDGAR
  17. Mar 1, 20244 EDGAR
  18. Mar 1, 20244 EDGAR
  19. Feb 21, 20244 EDGAR
  20. Feb 21, 20244 EDGAR

The 126 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 6, 2022Medhat ParhamEVP, Chief Ops & Tech OfficerSale1,500$13.18$19.8KForm 4
May 2, 2022Medhat ParhamEVP, Chief Ops & Tech OfficerSale4,500$13.36$60.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Luther Burbank Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLuther Burbank Corp1
  • CIK0001475348
  • Employer ID (EIN)68-02709481
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inCalifornia1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address520 Third Street, 4Th Floor, Santa Rosa, CA 954011
  • Phone844-446-82011
  • Shares outstanding51,016,948 as of Oct 31, 202311
  • Public float$132.2M as of Jun 30, 20228
  • On EDGAR sinceOct 27, 20091
  • Filings421 in all: 4 (225), 8-K (72), 3 (27), 10-Q (18), DEFA14A (13), 425 (8), 4/A (7), DEF 14A (7)1
    All 31 form types

    10-K (6), 5 (4), CORRESP (3), S-1/A (3), SC 13D/A (3), UPLOAD (3), D (2), D/A (2), DRS/A (2), DRSLTR (2), SC 13G (2), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), EFFECT (1), S-1 (1), S-8 (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 22, 2023
    Quarterly report (10-Q) Nov 3, 2023
    Proxy statement (DEF 14A) Sep 8, 2023
    Latest 8-K (8-K) Mar 1, 2024

Sources

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