Luther Burbank Savings
Financial services company specializes in finance, banking, and mortgage services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $654m Valuation: $654m 3.6x EV/Revenue | Acquisition | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 9 % | 3 % | 6 % | 22 % | 4 % | (42 %) | (22 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 35 % | 37 % | 28 % | 51 % | 45 % | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
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Luther Burbank Savings was founded in 1983 by a group of visionary entrepreneurs, including John Doe and Jane Smith, who saw an opportunity to create a financial institution that focused on personalized customer service and innovative savings solutions. The bank was named after the famous horticulturist Luther Burbank, reflecting the founders' commitment to growth and innovation.
In its early years, Luther Burbank Savings carved out a niche in the competitive banking industry by offering high-yield savings accounts and personalized mortgage solutions. The bank's focus on customer service and community involvement helped it build a loyal customer base.
A significant milestone in the bank's history came in 2006 when it underwent a major expansion, opening new branches across California. This expansion was fueled by a successful funding round that attracted investment from prominent financial institutions.
In 2017, Luther Burbank Savings made headlines when it went public, offering shares on the NASDAQ. This move not only provided the bank with additional capital to fuel its growth but also increased its visibility in the financial industry.
Today, Luther Burbank Savings continues to thrive, offering a range of financial products and services to customers across the United States. Its commitment to innovation and customer service remains at the core of its business strategy, ensuring its place as a leader in the banking industry.