SANTA ROSA, Calif. (AP) _ Luther Burbank Corp (LBC) on Tuesday reported fourth-quarter profit of $8.7 million.

The Santa Rosa, California-based bank said it had earnings of 17 cents per share. Earnings, adjusted for non-recurring costs, were 31 cents per share.

The bank holding company posted revenue of $58 million in the period. Its revenue net of interest expense was $37.7 million, beating Street forecasts.

For the year, the company reported profit of $39.9 million, or 75 cents per share. Revenue was reported as $141.1 million.

Luther Burbank shares have risen roughly 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.96, a decrease of 15% in the last 12 months.

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