LegacyTexas Financial Group (LTXB) Tops Q4 EPS by 8c

LegacyTexas Financial Group (NASDAQ: LTXB) reported Q4 EPS of $0.91, $0.08 better than the analyst estimate of $0.83. Revenue for the quarter came in at $84.3 million versus the consensus estimate of $85.16 million.

• Assets of $9.05 billion generated basic earnings per share for the fourth quarter of 2018 of $1.22 on a GAAP basis and $0.91 on a core (non-GAAP) basis.*
• GAAP return on average assets improved to an all-time high of 2.61% for the quarter ended December 31, 2018, compared to 1.87% for the quarter ended September 30, 2018, while core (non-GAAP) return on average assets for the quarter ended December 31, 2018 was 1.93%, compared to 1.88% for the quarter ended September 30, 2018.*
• GAAP efficiency ratio was 44.39% for the quarter ended December 31, 2018, compared to 42.66% for the quarter ended September 30, 2018, while core (non-GAAP) efficiency ratio was 44.13% for the quarter ended December 31, 2018, compared to 42.46% for the quarter ended September 30, 2018.*
• Gross loans held for investment at December 31, 2018, excluding Warehouse Purchase Program loans, grew $26.7 million from September 30, 2018, which includes linked-quarter increases in commercial real estate, consumer real estate and other consumer loans.
• Total deposits at December 31, 2018 grew $62.0 million from September 30, 2018, which includes linked-quarter increases in interest-bearing demand and time deposits.

"We are pleased to have closed out 2018 by reporting record earnings of $57.8 million for the fourth quarter," said President and CEO Kevin Hanigan. "We also had record annual earnings of $154.2 million. Our outstanding financial results reflect the commitment our employees have to the execution of our strategy and to serving the needs of our customers and communities."

For earnings history and earnings-related data on LegacyTexas Financial Group (LTXB) click here.

You May Also Be Interested In

• Citi agrees to acquire rewards platform Kard Financial
• Gemini Space Station, Inc. (GEMI) Misses Q2 EPS by 32c
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance