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Legacytexas Financial Group, Inc. (LTXB) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Legacytexas Financial Group, Inc.

CIK: 1487052 Ticker: LTXB
EXHIBIT 99.1

FOR IMMEDIATE RELEASE
January 26, 2016
Contact: Investor Inquiries:
Casey Farrell
972-801-5871/ShareholderRelations@LegacyTexasFinancialGroup.com
Media Inquiries:
Jennifer Dexter
972-461-7157/Jennifer.Dexter@LegacyTexas.com

LegacyTexas Financial Group, Inc. Reports Fourth Quarter and Full Year 2015 Earnings

PLANO, Texas, January 26, 2016 -- LegacyTexas Financial Group, Inc. (Nasdaq: LTXB) (the “Company”), the holding company for LegacyTexas Bank (the “Bank”), today announced net income of $16.4 million for the fourth quarter of 2015, a decrease of $1.4 million from the third quarter of 2015 and an increase of $11.0 million from the fourth quarter of 2014.

"Despite energy headwinds, 2015 was a fabulous year for our company," said President and CEO Kevin Hanigan. "We closed on the transformative Legacy merger in January, grew both our loans and deposits substantially, improved key operating metrics and issued $75 million of subordinated notes to support our growth. We are fortunate to be operating in a business environment as strong and diversified as DFW."

Fourth Quarter 2015 Performance Highlights

Gross loans held for investment at December 31, 2015, excluding Warehouse Purchase Program loans, grew $377.7 million, or 8.1%, from September 30, 2015, with $317.3 million of growth in commercial real estate and commercial and industrial loans.

Deposits at December 31, 2015 increased by $456.7 million, or 9.6%, from September 30, 2015, with $227.0 million of growth in savings and money market deposits and $126.9 million of growth in time deposits.

The allowance for loan losses allocated to energy loans at December 31, 2015 totaled $12.0 million, or 2.3% of total energy loans (including both reserve based and midstream), up $7.1 million ($0.15 per share on a pre-tax basis, $0.10 per share after tax) from $4.9 million at September 30, 2015.

Net interest margin for the quarter ended December 31, 2015 was 3.94%, a six basis point decrease from the linked quarter and a ten basis point increase compared to the fourth quarter of 2014.
In November 2015, the Company completed a public offering of $75.0 million of fixed-to-floating rate subordinated notes due in 2025, the proceeds of which are being used for general corporate purposes, potential strategic acquisitions and investments in the Bank as regulatory capital.

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The following information was filed by Legacytexas Financial Group, Inc. (LTXB) on Tuesday, January 26, 2016 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

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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
Consolidated Statements Of Income (parenthetical)
Acquisition
Acquisition (tables)
Acquisition - Narrative (details)
Acquisition - Schedule Of Additional Information On Purchase Credit Impaired Loans (details)
Acquisition - Schedule Of Loans Acquired (details)
Acquisition - Schedule Of Pro Forma Information (details)
Acquisition - Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed (details)
Benefits
Benefits - Deferred Compensation Plan And Bank-owned Life Insurance (details)
Benefits - Ksop 401k (details)
Borrowed Funds
Borrowed Funds - (tables)
Borrowed Funds - Advances From Federal Home Loan Banks (details)
Borrowed Funds - Long-term Debt And Other Borrowings (details)
Borrowed Funds - Pay Down Schedule (details)
Borrowed Funds - Repurchase Agreement (details)
Borrowed Funds - Schedule Of Repurchase Agreements By Maturity (details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities - (tables)
Commitments And Contingent Liabilities - Narrative (details)
Commitments And Contingent Liabilities - Table (details)
Deposits
Deposits - (tables)
Deposits - Interest Expense On Deposits (details)
Deposits - Narrative (details)
Deposits - Scheduled Maturity Of Time Deposits (details)
Derivative Financial Instruments
Derivative Financial Instruments - (tables)
Derivative Financial Instruments - Schedule Of Notional Amounts Of Outstanding Derivative Positions (details)
Derivative Financial Instruments - Schedule Of Outstanding Notional Balances And Fair Values Of Outstanding Positions (details)
Earnings Per Common Share
Earnings Per Common Share - (tables)
Earnings Per Common Share - Reconciliation Of Numerator And Denominator Of Basic And Diluted Earnings Per Common Share (details)
Esop Plan
Esop Plan - (tables)
Esop Plan - Narrative (details)
Esop Plan - Shares Held By The Employee Stock Ownership Plan (details)
Fair Value
Fair Value - (tables)
Fair Value - Carrying Amount And Estimated Fair Values Of Financial Instruments (details)
Fair Value - Narrative (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 - Narrative (details)
Income Taxes
Income Taxes - Expense (details)
Income Taxes - (tables)
Income Taxes - Deferred Tax Assets And Liabilities (details)
Income Taxes - Effective Tax Rate (details)
Income Taxes - Narrative (details)
Loans
Loans - (tables)
Loans - Allowance For Loan Losses (details)
Loans - Analysis Of Age Of Recorded Investment In Loans (details)
Loans - Carrying Amount Of Acquired Pci Loans Included In The Consolidated Balance Sheet (details)
Loans - Changes In The Accretable Yield For Acquired Pci 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 - Loans (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 - Narrative (details)
Premises And Equipment - Rent Commitments (details)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) - (details)
Quarterly Financial Data (unaudited) - (tables)
Regulatory Capital Matters
Regulatory Capital Matters - (tables)
Regulatory Capital Matters - Levels And Ratios (details)
Related Party Transactions
Related Party Transactions - (tables)
Related Party Transactions - Loans (details)
Related Party Transactions - Narrative (details)
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 - Narrative (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 Sales Activity (details)
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 (details)
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: 0001487052-16-000113
Submitted to the SEC: Fri Feb 26 2016 4:17:10 PM EST
Accepted by the SEC: Fri Feb 26 2016
Period: Thursday, December 31, 2015
Industry: Savings Institution Federally Chartered

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