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Legacytexas Financial Group, Inc. (LTXB) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Legacytexas Financial Group, Inc.

CIK: 1487052 Ticker: LTXB
EXHIBIT 99.1

ltxbpressreleasebannera01a14.jpg
FOR IMMEDIATE RELEASE
July 18, 2017
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 Record Second Quarter 2017 Earnings of $27.9 million

PLANO, Texas, July 18, 2017 -- LegacyTexas Financial Group, Inc. (Nasdaq: LTXB) (the “Company”), the holding company for LegacyTexas Bank (the “Bank”), today announced record net income of $27.9 million for the second quarter of 2017, an increase of $9.7 million from the first quarter of 2017 and $4.7 million from the second quarter of 2016.

"We are pleased to report record net income of $27.9 million for the quarter," said President and CEO Kevin Hanigan. "We continue to grow our customer base and market share in the Dallas/Fort Worth Metroplex. Our team grew loans and deposits and controlled expenses, resulting in a very strong return on average assets of 1.32%."

Second Quarter 2017 Performance Highlights

Company assets of $8.97 billion generated basic earnings per share for the second quarter of 2017 of $0.60 on both a GAAP and core (non-GAAP) basis.

Gross loans held for investment at June 30, 2017, excluding Warehouse Purchase Program loans, grew $144.0 million from March 31, 2017, while total deposits grew $182.9 million for the same period.

Warehouse Purchase Program loans of $1.26 billion at June 30, 2017, an increase of $409.8 million from March 31, 2017, generated a $2.2 million increase in interest income on a linked-quarter basis.

Efficiency ratio remained low at 44.96% for the quarter ended June 30, 2017, compared to 44.83% for the quarter ended March 31, 2017.
Return on average assets for the quarter ended June 30, 2017 was 1.32%, compared to 0.89% for the quarter ended March 31, 2017, and 1.20% for the quarter ended June 30, 2016.
Interest income on loans increased $814,000 on a linked-quarter basis to $83.9 million for the second quarter of 2017. Excluding the amortization of a $4.7 million discount on a purchased energy loan in the first quarter, interest income on loans increased $5.5 million on a linked-quarter basis.






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The following information was filed by Legacytexas Financial Group, Inc. (LTXB) on Tuesday, July 18, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-Q Quarterly 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
Basis Of Financial Statement Presentation
Basis Of Financial Statement Presentation (policies)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details)
Commitments And Contingent Liabilities (tables)
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Interest Rates, Notional Amounts, Fair Values (details)
Derivative Financial Instruments - Narrative (details)
Derivative Financial Instruments - Schedule Of Outstanding Notional Balances And Fair Values Of Outstanding Positions (details)
Earnings Per Common Share
Earnings Per Common Share (details)
Earnings Per Common Share (tables)
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)
Income Taxes
Income Taxes (tables)
Income Taxes - (details)
Loans
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Loans - (details)
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 - Narrative (details)
Loans - Non-performing (nonaccrual) Loans (details)
Loans - Off-balance Sheet (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)
Recent Accounting Developments
Securities
Securities (tables)
Securities - (narrative) (details)
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 - Securities With Unrealized Losses Aggregated By Investment And Length Of Time That Individual Securities Have Been In Continuous Unrealized Loss Position Category (details)
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Share-based Compensation - Changes In The Nonvested Shares For The Company's Stock Plans (details)
Share-based Compensation - Compensation Cost Charged To Income (details)
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Legacytexas Financial Group, Inc. provided additional information to their SEC Filing as exhibits

Ticker: LTXB
CIK: 1487052
Form Type: 10-Q Quarterly Report
Accession Number: 0001487052-17-000106
Submitted to the SEC: Tue Jul 25 2017 4:21:54 PM EST
Accepted by the SEC: Tue Jul 25 2017
Period: Friday, June 30, 2017
Industry: Savings Institution Federally Chartered

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