Legacytexas Financial Group, Inc. (LTXB) 10-K Annual Report Wed Feb 20 2013

PLANO, Texas, February 7, 2013 -- ViewPoint Financial Group, Inc. (NASDAQ: VPFG) (the “Company”), the holding company for ViewPoint Bank, N.A. (the “Bank”), today announced fourth quarter net income of $10.4 million, an increase of $587,000, or 6%, from $9.8 million for the fourth quarter of 2011. Net income for the year ended December 31, 2012, was a record $35.2 million, an increase of $8.9 million, or 34%, from net income of $26.3 million for the year ended December 31, 2011. Basic and diluted earnings per share of $0.98 for the year ended December 31, 2012, was an increase of $0.17 from $0.81 for the year ended December 31, 2011.

2012 Performance Highlights


•	Net interest margin expanded to 3.77% for the fourth quarter of 2012 and to 3.61% for the year


•	Loans held for investment increased 38% and loans held for sale increased 27% from 2011, reflecting linked quarter increases of 2% and 5%, respectively


•	Basic EPS of $0.28 for the fourth quarter of 2012 and annual EPS for 2012 of $0.98


•	Strong capitalization with tangible common equity of $490 million, or 13% of tangible assets

“2012 was an exciting year in the company’s 60-year history,” said President and CEO Kevin Hanigan. “We posted record earnings once again, dramatically increased commercial lending and improved on all our profitability metrics, most notably the net interest margin—all while in the midst of a merger. In addition, most of our loan growth was organic—it came from originations, rather than through the merger. And finally, in the fourth quarter, we made investments in our infrastructure and our employees in order to position ourselves for long-term growth."

The following information was filed by Legacytexas Financial Group, Inc. (LTXB) on Thursday, February 7, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Legacytexas Financial Group, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.11: Form Of Director'S Agreement

Exhibit 21: Subsidiaries Of The Registrant

Exhibit 23: Consent Of Accountant

Exhibit 31.1: Certification Of The Ceo

Exhibit 31.2: Certification Of The Cfo

Exhibit 32: Section 1350 Certification

Ticker: LTXB
CIK: 1487052
Form Type: 10-K Annual Report
Accession Number: 0001487052-13-000010
Submitted to the SEC: Wed Feb 20 2013 4:31:50 PM EST
Accepted by the SEC: Wed Feb 20 2013
Period: Monday, December 31, 2012
Industry: Savings Institution Federally Chartered

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Viewpoint Financial Group Inc. (LTXB) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

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