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LegacyTexas Financial Group

OverviewSuggest Edit

LegacyTexas Financial Group provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand, savings, money market, certificates of deposit, and individual retirement accounts. The Company's lending products comprise commercial and consumer real estate loans; commercial and industrial loans; construction and land loans; and consumer loans, including new and used automobile loans, recreational vehicle loans, and loans secured by savings deposits, as well as permanent loans secured by first and second mortgages on one-to-four family residences.

It also offers insurance and title services; and brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrangement.

TypePublic
Founded1952
HQPlano, TX, USMap
Websitelegacytexasfinancialgroup.com
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Employees (est.) (Dec 2018)851(+2%)
Revenue (FY, 2018)$49.2 M(+13%)
Share Price (Oct 2019)$42.5 (-3%)
Cybersecurity ratingAMore

LegacyTexas Financial Group Office Locations

LegacyTexas Financial Group has offices in Plano, Carrollton, Coppell, Dallas and in 7 other locations
Plano, TX, US (HQ)
5851 Legacy Cir #1200
Carrollton, TX, US
Carrollton, TX, USA
Coppell, TX, US
Coppell, TX, USA
Dallas, TX, US
Dallas, TX, USA
Fort Worth, TX, US
Fort Worth, TX, USA
Frisco, TX, US
Frisco, TX, USA
Show all (11)

LegacyTexas Financial Group Financials and Metrics

LegacyTexas Financial Group Revenue

LegacyTexas Financial Group's revenue was reported to be $49.24 m in FY, 2018
USD

Revenue (Q2, 2019)

12.2m

Net income (Q2, 2019)

27.0m

Market capitalization (31-Oct-2019)

2.1b

Closing stock price (31-Oct-2019)

42.5

Cash (30-Jun-2019)

263.8m

EV

3.2b
LegacyTexas Financial Group's current market capitalization is $2.1 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

34.5m29.6m21.8m20.7m44.8m51.9m43.6m49.2m

Sales and marketing expense

1.5m1.8m2.7m1.5m3.8m3.9m4.4m4.4m

R&D expense

4.6m6.1m6.7m6.9m11.3m15.0m16.8m21.4m

Operating expense total

10.9m12.5m15.2m13.8m24.3m30.1m32.2m37.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

7.6m6.2m6.7m8.5m7.8m5.9m5.7m5.2m5.0m5.4m5.1m8.4m12.0m11.9m14.7m13.7m11.3m12.1m12.3m12.2m12.9m10.9m13.2m9.9m12.2m

Sales and marketing expense

510.0k351.0k285.0k490.0k379.0k513.0k751.0k666.0k355.0k493.0k262.0k915.0k1.0m645.0k1.0m1.0m751.0k817.0k1.2m980.0k888.0k1.4m824.0k903.0k982.0k

R&D expense

1.1m1.2m1.2m1.6m1.5m1.5m1.7m1.7m1.7m1.7m1.7m2.8m2.5m2.8m3.3m3.7m4.0m3.9m3.9m4.3m4.7m5.1m5.4m5.9m5.7m

Operating expense total

2.6m2.6m2.6m3.3m3.2m3.3m4.3m3.9m3.1m3.9m3.3m5.4m6.1m5.7m7.1m7.9m7.5m7.2m7.7m8.2m8.2m9.6m9.0m9.3m9.6m
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

46.3m68.7m88.0m132.0m615.6m289.2m293.5m269.2m

Accounts Receivable

1.2b1.7b2.0b2.6b6.1b7.1b7.7b7.7b

PP&E

50.3m53.2m53.3m48.7m77.6m74.2m69.7m73.1m

Goodwill

818.0k29.7m29.7m29.7m180.8m178.6m178.6m178.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

50.8m54.2m44.5m70.0m60.7m52.5m57.8m74.0m121.9m165.9m90.3m283.9m192.0m241.7m316.8m422.6m277.9m355.0m318.2m327.3m294.9m259.9m254.3m274.5m263.8m

Accounts Receivable

1.1b1.1b1.2b1.6b1.6b1.7b1.8b1.9b2.8b3.1b3.2b5.2b5.4b5.6b6.2b6.6b7.0b7.0b7.6b7.7b7.5b7.9b7.8b8.0b8.5b

PP&E

48.0m48.6m49.7m53.7m53.3m53.1m52.9m52.7m52.7m52.0m51.1m81.8m80.1m79.2m71.3m71.2m72.3m72.3m71.1m70.1m70.4m70.9m72.3m107.7m106.3m

Goodwill

818.0k818.0k818.0k29.2m29.7m29.7m29.7m29.7m29.7m29.7m29.7m179.3m180.6m180.6m180.8m178.6m178.6m178.6m178.6m178.6m178.6m178.6m178.6m178.6m178.6m
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

26.3m35.2m31.7m31.3m70.9m97.8m89.5m154.2m

Depreciation and Amortization

3.5m4.0m4.5m4.4m7.2m7.1m7.1m6.8m

Cash From Operating Activities

(294.2m)(167.7m)65.6m52.0m89.2m132.4m189.0m189.9m

Purchases of PP&E

(5.2m)(2.3m)(4.3m)(1.3m)(5.7m)(8.4m)(3.6m)(10.0m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

11.4m16.6m7.1m13.6m24.9m8.1m16.2m24.4m7.7m16.5m25.8m16.3m36.6m54.5m22.1m45.3m72.5m18.2m46.1m74.8m25.8m53.6m96.4m29.1m56.1m

Depreciation and Amortization

1.8m2.6m916.0k1.7m2.9m1.1m2.3m3.4m1.1m2.2m3.3m1.8m3.6m5.5m1.8m3.5m5.3m1.8m3.6m5.4m1.7m3.4m5.1m2.8m5.7m

Cash From Operating Activities

102.7m(156.2m)111.9m(67.6m)(136.3m)316.8m192.8m484.9m13.4m34.8m57.1m11.5m55.0m88.6m55.7m75.0m137.6m96.6m139.9m192.0m48.2m102.5m188.3m79.2m98.3m

Purchases of PP&E

(1.0m)(2.6m)(394.0k)(874.0k)(1.5m)(910.0k)(1.8m)(2.6m)(515.0k)(744.0k)(916.0k)(3.3m)(3.5m)(4.2m)(780.0k)(2.3m)(4.9m)(781.0k)(1.3m)(2.3m)(2.3m)(4.5m)(7.7m)(728.0k)(2.1m)
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USDQ2, 2011

Financial Leverage

7.3 x
Show all financial metrics

LegacyTexas Financial Group Operating Metrics

LegacyTexas Financial Group's Total Loans was reported to be $7.6b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

48 47 44

Non-performing Loans

$23.51 m$22.87 m$26.85 m$66.41 m$38.22 m$43.50 m$42.85 m$40.87 m$111.39 m$107.40 m$99.20 m

Total Loans

$3.39 b$5.20 b$5.45 b$5.61 b$6.06 b$6.24 b$6.61 b$7.05 b$7.05 b$7.04 b$7.60 b
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LegacyTexas Financial Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

99/100

Learn more about our premium products
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LegacyTexas Financial Group Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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LegacyTexas Financial Group Online and Social Media Presence

LegacyTexas Financial Group's Trends

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LegacyTexas Financial Group News and Updates

October 23, 2019

LegacyTexas Financial Group, Inc. Reports Third Quarter 2019 Earnings

PLANO, Texas, Oct. 23, 2019 /PRNewswire/ -- LegacyTexas Financial Group, Inc. (Nasdaq: LTXB) (the "Company"), the holding company for LegacyTexas Bank (the "Bank"), today announced net income of $42.4 million for the third quarter of 2019, an increase of $15.4 million from the second...
October 09, 2019

Prosperity Bancshares Receives Regulatory Approval For LegacyTexas Financial Group Merger

HOUSTON, Oct. 8, 2019 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), today announced that it has received all regulatory approvals necessary to complete its previously announced merger (the "merger") with...
September 13, 2019

LEGACYTEXAS FINANCIAL GROUP SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces an Investigation of LegacyTexas Financial Group, Inc. (LTXB) Over the Proposed Merger of the Company with Prosperity Bancshares, Inc.

NEW YORK, Sept. 13, 2019 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating the proposed merger of LegacyTexas Financial Group, Inc. ("LegacyTexas" or the "Company") (NASDAQ: LTXB) with Prosperity Bancshares, Inc. ("PB"). Click here for more...
June 19, 2019

SHAREHOLDER ALERT: WeissLaw LLP Investigates LegacyTexas Financial Group Inc.

NEW YORK, June 19, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of LegacyTexas Financial Group Inc. ("LTXB" or the "Company") (NASDAQ: LTXB) in connection with the proposed sale of the Company...
June 17, 2019

Prosperity Bancshares, Inc. And LegacyTexas Financial Group, Inc. Enter Into Definitive Agreement To Merge

HOUSTON and DALLAS, June 17, 2019 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and LegacyTexas Financial Group, Inc. (NASDAQ: LTXB) ("LegacyTexas"), the parent company of LegacyTexas Bank ("LegacyTexas Bank"), today...
March 01, 2019

LegacyTexas Financial Group, Inc. Announces Date of Annual Meeting of Shareholders

PLANO, Texas, March 1, 2019 /PRNewswire/ -- LegacyTexas Financial Group, Inc. (Nasdaq:LTXB) (the "Company"), the holding company for LegacyTexas Bank, today announced that it will be holding its Annual Meeting of Shareholders on Monday, May 20, 2019. The record date for determining who...
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 LegacyTexas Financial Group Frequently Asked Questions

  • When was LegacyTexas Financial Group founded?

    LegacyTexas Financial Group was founded in 1952.

  • How many employees does LegacyTexas Financial Group have?

    LegacyTexas Financial Group has 851 employees.

  • What is LegacyTexas Financial Group revenue?

    Latest LegacyTexas Financial Group annual revenue is $49.2 m.

  • What is LegacyTexas Financial Group revenue per employee?

    Latest LegacyTexas Financial Group revenue per employee is $57.9 k.

  • Who are LegacyTexas Financial Group competitors?

    Competitors of LegacyTexas Financial Group include NBT Bancorp, Webster Financial and Citizens Community Bancorp.

  • Where is LegacyTexas Financial Group headquarters?

    LegacyTexas Financial Group headquarters is located at 5851 Legacy Cir #1200, Plano.

  • Where are LegacyTexas Financial Group offices?

    LegacyTexas Financial Group has offices in Plano, Carrollton, Coppell, Dallas and in 7 other locations.

  • How many offices does LegacyTexas Financial Group have?

    LegacyTexas Financial Group has 11 offices.