Last10K.com

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

Legacytexas Financial Group, Inc.

CIK: 1487052 Ticker: LTXB
EXHIBIT 99.1



FOR IMMEDIATE RELEASE
February 7, 2013
Contact: Patti McKee
ViewPoint Financial Group, Inc.
972-578-5000, Ext. 7223

ViewPoint Financial Group, Inc. Reports Fourth Quarter and Full Year 2012 Earnings
Loan Growth and Lower Deposit Cost Drives 64 Basis Point Increase in Net Interest Margin to 3.77%

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."




















1

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.

View differences made from one year to another to evaluate Legacytexas Financial Group, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Legacytexas Financial Group, Inc..

Continue

Assess how Legacytexas Financial Group, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Legacytexas Financial Group, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Shareholders' Equity
Consolidated Statements Of Changes In Shareholders' Equity (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Acquisition
Acquisition - (tables)
Acquisition - Acquired Non Pci Loan (details)
Acquisition - Acquired Pci Loan (details)
Acquisition - Acquired Pci Loan (details) (parenthetical)
Acquisition - Changes In Accretable Yield For Acquired Pci Loans (details)
Acquisition - Consolidated Balance Sheet On Acquisition (details)
Acquisition - Consolidated Balance Sheet On Acquisition (details) (parenthetical)
Acquisition - Fair Value Of Acquired Loan Portfolio (details)
Acquisition - Textual (details)
Benefits
Benefits - (details)
Benefits Ksop 401k (details)
Borrowings
Borrowings - (tables)
Borrowings - Advances From Federal Home Loan Banks (details)
Borrowings - Advances From Federal Home Loan Banks Pay Down Schedule (details)
Borrowings - Other Borrowings (details)
Deposits
Deposits - (tables)
Deposits - Interest Expense On Deposits (details)
Deposits - Textual (details)
Deposits - Weighted Average Rate (details)
Derivative Financial Instruments
Derivative Financial Instruments - (tables)
Derivative Financial Instruments - Outstanding Notional Balances And Fair Values Of Outstanding Positions (details)
Earnings Per Common Share
Earnings Per Common Share - (details)
Earnings Per Common Share - (tables)
Esop Plan
Esop Plan - (tables)
Esop Plan - Shares Held By The Employee Stock Ownership Plan (details)
Esop Plan - Textual (details)
Fair Value
Fair Value - (tables)
Fair Value - Activity For Other Real Estate Owned And Related Valuation Allowances (details)
Fair Value - Activity For Other Real Estate Owned And Related Valuation Allowances Parenthetical (details)
Fair Value - Carrying Amount And Estimated Fair Values Of Financial Instruments (details)
Fair Value - Fair Value Of Loans Held For Sale (details)
Fair Value - Net Gain Arising From Changes In Fair Value Of Certain Mortgage Loans Held For Sale (details)
Fair Value - Quantitative Information About Level 3 Fair Value Measurements (details)
Fair Value - Summary Of Fair Value Measured On Nonrecurring Basis (details)
Fair Value - Summary Of Fair Value Measured On Recurring Basis (details)
Goodwill And Core Deposit Intangibles
Goodwill And Core Deposit Intangibles - (details)
Goodwill And Core Deposit Intangibles - (tables)
Goodwill And Core Deposit Intangibles - Estimated Aggregate Future Amortization Expense For Intangible Assets Remaining (details)
Goodwill And Core Deposit Intangibles - Textual (details)
Income Tax Expense (details)
Income Taxes
Income Taxes (details Textual)
Income Taxes (tables)
Income Taxes Deferred Tax Assets And Liabilities (details)
Income Taxes Effective Tax Rate (details)
Loan Commitments, Contingent Liabilities And Other Related Activities
Loan Commitments, Contingent Liabilities And Other Related Activities (details Textual)
Loan Commitments, Contingent Liabilities And Other Related Activities (details)
Loan Commitments, Contingent Liabilities And Other Related Activities (tables)
Loan Sales And Servicing
Loan Sales And Servicing - (details)
Loan Sales And Servicing - (tables)
Loans
Loans - (details)
Loans - (tables)
Loans - Allowance For Loan Losses (details)
Loans - Analysis Of Age Of Recorded Investment In Loans (details)
Loans - Consumer Credit Exposure Credit Risk Profile Based On Payment Activity (details)
Loans - Impaired Loans (details)
Loans - Information On Loans Modified As Troubled Debt Restructuring By Category (details)
Loans - Narrative (details)
Loans - Non-performing (nonaccrual) Loans (details)
Loans - Real Estate And Commercial And Industrial Credit Exposure Credit Risk Profile By Internally Assigned Grade (details)
Loans - Summary Of Outstanding Balances Of Troubled Debt Restructuring (details)
Parent Company Only Condensed Financial Information
Parent Company Only Condensed Financial Information (tables)
Parent Company Only Condensed Financial Information Condensed Balance Sheets (details)
Parent Company Only Condensed Financial Information Condensed Statements Of Cash Flows (details)
Parent Company Only Condensed Financial Information Condensed Statements Of Income (details)
Premises And Equipment
Premises And Equipment - (details)
Premises And Equipment - (tables)
Premises And Equipment - Rent Commitments (details)
Premises And Equipment - Textual (details)
Quarterly Financial Data (notes)
Quarterly Financial Data (unaudited) (details Textual)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (tables)
Recent Accounting Developments
Regulatory Capital Levels And Ratios (details 1)
Regulatory Capital Levels And Ratios (details)
Regulatory Capital Matters
Regulatory Capital Matters (tables)
Regulatory Capital Matters Regulatory Capital Matters (details Textual) (details)
Related Party Transactions
Related Party Transactions (tables)
Related Party Transactions - Loans (details)
Related Party Transactions Related Party Transactions (details Textual)
Repurchase Agreements
Repurchase Agreements - (details)
Repurchase Agreements - (tables)
Securities
Securities - (tables)
Securities - Carrying Amount And Fair Value Of Held To Maturity Debt Securities And Fair Value Of Available-for-sale Debt Securities (details)
Securities - Carrying Amount, Unrecognized Gains And Losses, And Fair Value Of Securities Held To Maturity (details)
Securities - Fair Value Of Available-for-sale Securities And Related Gross Unrealized Gains And Losses (details)
Securities - Sales Activity Textual (details)
Securities - Securities With Unrealized Losses Aggregated By Investment And Length Of Time That Individual Securities Have Been In Continuous Unrealized Loss Position Category (details)
Securities - Summarized Information Regarding Pledged Securities (details)
Securities - Summarized Sales Activity (details)
Segment Information
Segment Information (narrative) (detail)
Segment Information (segment Information For Performance Assessment) (detail)
Segment Information (tables)
Share Transactions
Share Transactions - (details)
Share-based Compensation
Share-based Compensation - (tables)
Share-based Compensation - Changes In The Nonvested Shares For The Company's Stock Plans (details)
Share-based Compensation - Compensation Cost Charged To Income (details)
Share-based Compensation - Narrative (detail)
Share-based Compensation - Summary Of Activity In The Stock Option Portion Of The Plans (details)
Share-based Compensation - Underlying Assumptions For Fair Value Calculations (details)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies - (details)
Summary Of Significant Accounting Policies - (policies)
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

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ltxb/0001487052-13-000010.htm