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LegacyTexas Financial

Filings

10-Q	2019-06-30	Filed 2019-07-24
10-Q	2019-03-31	Filed 2019-04-23
10-K	2018-12-31	Filed 2019-02-07
10-Q	2018-09-30	Filed 2018-10-24
10-Q	2018-06-30	Filed 2018-07-25
10-Q	2018-03-31	Filed 2018-04-25
10-K	2017-12-31	Filed 2018-02-08
10-Q	2017-09-30	Filed 2017-10-24
10-Q	2017-06-30	Filed 2017-07-25
10-Q	2017-03-31	Filed 2017-04-25
10-K	2016-12-31	Filed 2017-02-09
10-Q	2016-09-30	Filed 2016-10-25
10-Q	2016-06-30	Filed 2016-07-26
10-Q	2016-03-31	Filed 2016-04-25
10-K	2015-12-31	Filed 2016-02-26
10-Q	2015-09-30	Filed 2015-10-27
10-Q	2015-06-30	Filed 2015-07-29
10-Q	2015-03-31	Filed 2015-04-29
10-K	2014-12-31	Filed 2015-02-25
10-Q	2014-09-30	Filed 2014-10-28
10-Q	2014-06-30	Filed 2014-07-29
10-Q	2014-03-31	Filed 2014-04-29
10-K	2013-12-31	Filed 2014-02-26
10-Q	2013-09-30	Filed 2013-11-12
10-Q	2013-06-30	Filed 2013-07-30
10-Q	2013-03-31	Filed 2013-04-30
10-K	2012-12-31	Filed 2013-02-20
10-Q	2012-09-30	Filed 2012-10-30
10-Q	2012-06-30	Filed 2012-07-26
10-Q	2012-03-31	Filed 2012-04-27
10-K	2011-12-31	Filed 2012-02-28
10-Q	2011-09-30	Filed 2011-10-27
10-Q	2011-06-30	Filed 2011-07-28
10-Q	2011-03-31	Filed 2011-04-28
10-K	2010-12-31	Filed 2011-03-03
10-Q	2010-09-30	Filed 2010-11-04
10-Q	2010-06-30	Filed 2010-07-26

Reports

8-K	2019-10-31	M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Other Events, Exhibits
8-K	2019-10-28	Shareholder Vote
8-K	2019-10-23
8-K	2019-10-21
8-K	2019-10-11	Other Events
8-K	2019-10-08	Other Events, Exhibits
8-K	2019-07-24	Earnings, Other Events
8-K	2019-06-16	Officers, Exhibits
8-K	2019-06-16	Enter Agreement, Regulation FD, Exhibits
8-K	2019-05-20	Shareholder Vote
8-K	2019-05-17	Regulation FD, Exhibits
8-K	2019-04-24	Regulation FD, Exhibits
8-K	2019-04-23	Earnings, Other Events
8-K	2019-04-10	Other Events, Exhibits
8-K	2019-03-01	Other Events, Exhibits
8-K	2019-01-23	Regulation FD, Exhibits
8-K	2019-01-22	Earnings, Other Events
8-K	2019-01-09	Other Events, Exhibits
8-K	2018-12-10	Other Events, Exhibits
8-K	2018-10-17	Regulation FD, Exhibits
8-K	2018-10-16	Earnings, Other Events
8-K	2018-10-09	Other Events, Exhibits
8-K	2018-07-18	Regulation FD, Exhibits
8-K	2018-07-17	Earnings, Other Events
8-K	2018-07-05	Other Events, Exhibits
8-K	2018-05-21	Shareholder Vote
8-K	2018-05-18	Regulation FD, Exhibits
8-K	2018-04-18	Regulation FD, Exhibits
8-K	2018-04-17	Earnings, Other Events
8-K	2018-04-04	Other Events, Exhibits
8-K	2018-03-01	Officers, Other Events
8-K	2018-01-24	Regulation FD, Exhibits
8-K	2018-01-23	Earnings, Other Events
8-K	2018-01-10	Other Events, Exhibits

LegacyTexas Financial Financials

LTXB Metrics, Comps, Filings

Quarterly | Annual

Business

LegacyTexas Financial Group, Inc. is a Maryland corporation and LegacyTexas Bank is its wholly owned principal operating subsidiary. Unless the context otherwise requires, references in this document to the "Company" refer to LegacyTexas Financial Group, Inc. and references to the "Bank" refer to LegacyTexas Bank, the Company's wholly owned operating subsidiary. References to "we," "us," and "our" mean LegacyTexas Financial Group, Inc. and/or LegacyTexas Bank, as the context requires.

Regulators of the Bank are the Texas Department of Banking ("TDOB") and the Board of Governors of the Federal Reserve System ("FRB") with back-up oversight by the Federal Deposit Insurance Corporation ("FDIC.") The Bank is a Federal Reserve member bank required to have certain reserves and stock set by the FRB and a member of the Federal Home Loan Bank of Dallas, one of the 12 regional banks in the Federal Home Loan Bank System ("FHLB"). The Company is regulated by the FRB.

Our principal business consists of attracting retail deposits from the general public and the 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. Additionally, the Warehouse Purchase Program allows mortgage banking company customers to close one- to four-family real estate loans in their own name and manage their cash flow needs until the loans are sold to investors. Our operating revenues are derived principally from interest earned on interest-earning assets, including loans and investment securities, and service charges and fees on deposits and other account services. Our primary sources of funds are deposits, FHLB advances and other borrowings, and payments received on loans and securities. We offer a variety of deposit accounts that provide a wide range of interest rates and terms, generally including savings, money market, certificate of deposit and demand accounts.

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin


Comps ($MM TTM)	Market Cap	Gross Margin	EV/EBITDA	Ret on Assets	Assets	Liabilities	Revenue	G Profit	Net Income	EBITDA	EV
BankUnited (BKU)	3,274	0%	3.9	1%	32,951	30,041	9	0	276	893	3,448
Flagstar Bancorp (FBC)	2,156	0%	4.9	1%	22,048	20,314	858	0	214	463	2,264
Capitol Federal Financial (CFFN)	1,956	0%	7.0	1%	9,340	8,004	17	0	94	244	1,702
LegacyTexas Financial (LTXB)	1,892		5.6	2%	9,936	8,793	0	99	157	289	1,629
Columbia Financial (CLBK)	1,806	0%	18.5	1%	7,070	6,078	3	0	56	155	2,877
Axos Financial (AX)	1,703	0%	2.5	1%	11,771	10,655	32	0	159	405	1,000
Provident Financial Services (PFS)	1,620	0%	5.8	1%	9,918	8,521	31	0	122	235	1,359
Meta Financial Group (CASH)	1,262	0%	7.5	2%	6,183	5,339	487	0	100	179	1,352
Oceanfirst Financial (OCFC)	1,193		5.9	1%	8,135	6,991	0	0	92	175	1,037
Brookline Bancorp (BRKL)	1,187		9.5	1%	7,878	6,946	0	0	88	209	1,995
Kearny Financial (KRNY)	1,149		7.1	1%	6,641	5,530	0	0	42	144	1,020
Beneficial Bancorp (BNCL)	1,034		2.6	1%	5,807	4,757	0	0	34	69	181
Northfield Bancorp (NFBK)	794	0%	8.8	1%	4,808	4,118	4	0	30	82	724
Dime Community Bancshares (DCOM)	775	0%	5.3	1%	6,425	5,816	4	0	42	124	662
First Defiance Financial (FDEF)	575		5.2	1%	3,351	2,933	0	0	49	90	463
Access National (ANCX)	571	0%	8.5	1%	3,021	2,579	9	0	27	53	446
Sterling Bancorp (SBT)	518		2.7	2%	3,322	2,971	0	0	59	136	371
HomeTrust Bancshares (HTBI)	463	0%	5.0	1%	3,655	3,242	8	0	28	69	346
Waterstone Financial (WSBF)	460		16.2	1%	2,005	1,618	0	0	27	56	910
Farmers & Merchants Bancorp (FMAO)	314		5.9	1%	1,575	1,347	0	0	17	34	200


Balance Sheet ($MM)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30
Cash	51	54	46	45	70	61	69	53	58	74	88	122	166	90	132	284	192	242	616	317	423	278	289	355	318	327	293	295	260	254	269	275	264
Accounts Receivable
Inventory
PP&E	48	49	50	50	54	53	97	53	53	53	99	53	52	51	86	82	80	79	113	71	71	72	110	72	71	70	109	70	71	72	115	108	106
Assets	2,964	3,235	3,181	3,041	3,693	3,636	3,663	3,374	3,594	3,384	3,525	3,604	3,951	3,951	4,164	6,513	6,670	6,879	7,692	7,562	8,057	8,440	8,362	8,437	8,970	9,069	9,086	8,866	9,249	9,083	9,051	9,346	9,936
Accounts Payable
Long-Term Debt																			1,614				1,061				1,268				1,016
Liabilities	2,557	2,829	2,774	2,629	3,187	3,120	3,142	2,843	3,061	2,844	2,981	3,053	3,394	3,386	3,596	5,751	5,893	6,086	6,888	6,739	7,214	7,573	7,477	7,537	8,045	8,119	8,126	7,886	8,248	8,043	7,957	8,225	8,793
Stockholders' Equity	407	407	406	413	506	516	521	531	533	540	544	550	557	564	568	761	777	793	804	823	843	867	885	900	925	950	960	979	1,001	1,040	1,094	1,121	1,143


Income Statement ($MM)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30
Revenue
Cost of Revenue
Gross Profit								8	8	8	7	8	9	9	5	16	20	18	16	22	23	27	25	18	28	29	15	26	28	43		29	27
R&D
SG&A
Tax	2	3	4	4	9	6	2	5	5	4	3	4	5	5	3	9	11	10	9	12	13	14	14	8	14	15	28	6	7	11		8	7
Net Income	5	5	10	7	8	11	10	8	8	8	7	8	9	9	5	16	20	18	16	22	23	27	25	18	28	29	15	26	28	43	58	29	27


Cash Flow ($MM)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2014-12-31	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30
Cash Operating		-259	-138	112	-179	-69	-31	317	-124	292	-419	13	21	22	-5	11	44	34	1	56	19	63	-5	97	43	52	-3	48	54	86		79	19
Cash Investing		3	184	32	95	134	22	-40	-77	-42	293	-48	-306	-79	-173	-254	-266	-163	-449	-171	-383	-538	73	-25	-575	-88	-81	218	-436	150		-281	-577
Cash Financing		259	-54	-146	110	-75	17	-293	207	-234	140	69	329	-19	220	394	130	179	822	-183	469	331	-57	-6	495	45	50	-265	346	-241		208	547