SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Tuesday reported fourth-quarter earnings of $23.4 million.

The bank, based in Santa Rosa, California, said it had earnings of 45 cents per share.

The bank holding company posted revenue of $58.1 million in the period. Its revenue net of interest expense was $46.4 million, topping Street forecasts.

For the year, the company reported profit of $87.8 million, or $1.70 per share. Revenue was reported as $172.3 million.

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