Legacytexas Financial Group Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 23, 2019 at 07:17 am EDT
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LegacyTexas Financial Group Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced basic earnings per share was USD 0.89 compared to USD 3,254 a year ago. Basic earnings per share was USD 0.89 compared to USD 0.91 a year ago. Diluted earnings per share was USD 0.88 compared to USD 614 a year ago. Diluted earnings per share was USD 0.88 compared to USD 824 a year ago. Diluted earnings per share was USD 0.88 compared to USD 0.89 a year ago. Net interest income was USD 85.341 million compared to USD 85.667 million a year ago. Net interest income was USD 85.341 million compared to USD 11.225 million a year ago. Net income was USD 42.424 million compared to USD 2.656 million a year ago. Net income was USD 42.424 million compared to net loss of USD 2.656 million a year ago. Net income was USD 42.424 million compared to USD 42.821 million a year ago.
LegacyTexas Financial Group, Inc. is a bank holding company. LegacyTexas Bank (the Bank) is the Company's principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and business community and investing those funds, along with borrowed funds, in commercial real estate loans, secured and unsecured commercial and industrial loans, as well as permanent loans secured by first and second mortgages on one- to four-family residences and consumer loans. Its Warehouse Purchase Program allows mortgage banking company customers to close one- to four-family real estate loans in their own name and manage its cash flow needs until the loans are sold to investors. It offers title services, as well as brokerage services for purchase and sale of non-deposit investment and insurance products through a third-party brokerage arrangement.