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Income Statement
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Common Size IS
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LegacyTexas Financial Group, Inc. (LTXB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  392.5347.4301.5248.7137.3124.5120.688.2
        Interest income on investments  15.313.712.312.311.611.916.727.7
       415.0366.9317.4262.7149.6137.1138.0116.2
        Interest on deposits  57.536.721.013.18.29.511.522.5
    Total interest expense  206.4137.984.021.616.618.922.233.6
Net interest income  332.5311.4282.3241.1133.0118.2115.882.6
Provision for loan losses  35.839.526.925.5 3.23.14.0
Net interest income after provision for loan losses  296.7272.0255.4215.6133.0115.0112.778.6
        Deposit and loan fees        19.518.6
        Gain on sale of investments, net     0.2 -0.21.06.3
        Other non-interest income  49.243.651.944.620.722.09.09.7
Total non-interest income  49.243.651.944.820.721.829.634.5
Non-interest expenses  171.1160.3156.4151.698.188.987.775.2
Pre-tax income before non-recurring items  177.8153.6154.3111.359.949.559.337.1
Non-recurring items     2.410.91.54.8 
Asset impairment  3.0-1.63.4    -0.8
Pre-tax income  174.8155.2150.9108.948.948.054.637.9
Income taxes  20.665.753.138.017.716.319.311.6
            Tax rate  11.8%42.3%35.2%34.9%36.1%34.0%35.4%30.6%
Net income  154.289.597.870.931.331.735.226.3
            Net margin  44.6%28.4%31.8%27.2%20.3%22.6%24.2%22.5%
   
Basic EPS  $3.28$1.92$2.12$1.55$0.82$0.84$0.98$0.82
Diluted EPS  $3.24$1.90$2.10$1.54$0.82$0.84$0.98$0.82
   
Shares outstanding (basic)  47.046.646.245.837.937.635.932.2
Shares outstanding (diluted)  47.747.146.546.138.237.736.032.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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