October 24, 2017
Contact: Investor Inquiries:
Casey Farrell
Media Inquiries:
Jennifer Dexter

LegacyTexas Financial Group, Inc. Reports Third Quarter 2017 Earnings of $28.7 million

PLANO, Texas, October 24, 2017 -- LegacyTexas Financial Group, Inc. (Nasdaq: LTXB) (the “Company”), the holding company for LegacyTexas Bank (the “Bank”), today announced net income of $28.7 million for the third quarter of 2017, an increase of $774,000 from the second quarter of 2017 and $1.5 million from the third quarter of 2016.

"We are pleased to announce yet another solid quarter for our company," said President and CEO Kevin Hanigan. "We continue to grow our customer base as evidenced by strong growth in both loans and deposits. Our team continues to execute on our strategy of growing while managing costs and risk."

Third Quarter 2017 Performance Highlights

Company assets of $9.07 billion generated basic earnings per share for the third quarter of 2017 of $0.61 on both a GAAP and core (non-GAAP) basis.

Gross loans held for investment at September 30, 2017, excluding Warehouse Purchase Program loans, grew $208.6 million from June 30, 2017, while total deposits grew $197.9 million for the same period.

Efficiency ratio improved to 44.19% for the quarter ended September 30, 2017, compared to 44.96% for the quarter ended June 30, 2017.
Return on average assets for the quarter ended September 30, 2017 was 1.29%, compared to 1.32% for the quarter ended June 30, 2017 and 1.33% for the quarter ended September 30, 2016.


The following information was filed by Legacytexas Financial Group, Inc. (LTXB) on Tuesday, October 24, 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.

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

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