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LegacyTexas: 2Q Earnings Snapshot

July 17, 2018

PLANO, Texas (AP) _ LegacyTexas Financial Group Inc. (LTXB) on Tuesday reported second-quarter profit of $27.8 million.

On a per-share basis, the Plano, Texas-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring costs, came to 59 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The holding company for LegacyTexas Bank posted revenue of $114.8 million in the period. Its adjusted revenue was $94.8 million, which matched Street forecasts.

LegacyTexas shares have fallen almost 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.02, an increase of 3 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

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