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LegacyTexas: 3Q Earnings Snapshot

October 16, 2018

PLANO, Texas (AP) _ LegacyTexas Financial Group Inc. (LTXB) on Tuesday reported third-quarter net income of $42.7 million.

On a per-share basis, the Plano, Texas-based company said it had profit of 89 cents. Earnings, adjusted for non-recurring costs, were 90 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The holding company for LegacyTexas Bank posted revenue of $121.4 million in the period. Its adjusted revenue was $98.9 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $97.7 million.

LegacyTexas shares have climbed almost 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.57, a climb of nearly 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LTXB at https://www.zacks.com/ap/LTXB