Luther Burbank (Luther Burbank) Accounts Payable & Accrued Expense : $10.8 Mil (As of Sep. 2023)

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What is Luther Burbank Accounts Payable & Accrued Expense?

Luther Burbank's quarterly accounts payable & accrued expense increased from Mar. 2023 ($7.4 Mil) to Jun. 2023 ($10.6 Mil) and increased from Jun. 2023 ($10.6 Mil) to Sep. 2023 ($10.8 Mil).

Luther Burbank's annual accounts payable & accrued expense declined from Dec. 2020 ($1.4 Mil) to Dec. 2021 ($0.1 Mil) but then increased from Dec. 2021 ($0.1 Mil) to Dec. 2022 ($4.0 Mil).

Luther Burbank Accounts Payable & Accrued Expense Historical Data

The historical data trend for Luther Burbank's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Luther Burbank Accounts Payable & Accrued Expense Chart

Luther Burbank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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4.31

2.90

1.39

0.12

3.96

Luther Burbank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.95	3.96	7.43	10.57	10.85

Luther Burbank Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Luther Burbank (Luther Burbank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Luther Burbank Corp (NAS:LBC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

520 Third Street, Fourth Floor, Santa Rosa, CA, USA, 95401

Website

https://www.lutherburbanksavings.com

Luther Burbank Corp is a bank holding company. It provides real estate secured lending in metropolitan areas in the United States. The company offers a suite of mortgage and savings products designed for customers. Its personal banking products include checking and saving the account, certificate of deposits, individual retirement account, and others. The loan portfolio of the company comprises commercial multifamily real estate loans and single-family residential loans and other services. The company also provides the high-yield certificate of deposits, liquidity management, mobile business banking, and others.

Executives

Greg L Smith	officer: SVP, General Counsel & Sec.	1515 W 190TH ST STE 275, GARDENA CA 90248
Parham Medhat	officer: EVP, Chief Ops & Tech Officer	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Mario Max Yzaguirre	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Tammy Mahoney	officer: EVP, Chief Risk Officer	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Jack W. Krouskup	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Liana Prieto	officer: EVP, General Counsel	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
J Michael Stedman	officer: EVP, Chief Credit Officer	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Renu Agrawal	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Thomas C Wajnert	director	401 NORTH MAIN STREET, WINSTON SALEM NC 27102
Simone Lagomarsino	director, officer: President CEO	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
William Fanter	officer: EVP, Head of Retail Banking	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
John C Erickson	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Laura Tarantino	officer: EVP, Chief Financial Officer	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Anita G. Newcomb	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Brian Skelton	officer: EVP, Chief Banking Officer	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248