Luther Burbank Corporation (LBC) Q3 2020 Earnings Call Transcript

This is Simone Lagomarsino, President and CEO; and with me today are Laura Tarantino, our Chief Financial Officer; and John Cardamone, our Chief Credit Officer. The $5 million increase in net earnings was primarily a result of a reduction in loan loss provisions of $5.3 million recorded in the comparative period to set aside reserves for potential pandemic-related losses in our real estate loan portfolio.