Sub-$30 oil seems like a long time ago. LegacyTexas Financial (NASDAQ:LTXB) is nearly a double from the Feb. 11 bottom, and Q3 results don't disappoint.
Q3 net income of $27.2M was up $4M from Q2 and $9.3M from a year ago.
ROA hit a record of 1.38%, as did the core efficiency ratio at 46% and deposit growth of $500M. ROE of 12.66% compared to 11.11% in Q2.
Credit loss provisions of $3.467M fell from $6.8M in Q2 and $7.5M a year ago.
Net interest income of $73.48M rose from $69.4M in Q2 and $61.2M a year ago. NIM of 3.8% up 1 basis point Q/Q, down 20 bps Y/Y.
Core noninterest income of $12.7M was about flat from Q2, and up nearly $1M from a year ago.
Previously: LegacyTexas beats by $0.10, beats on net interest income (Oct. 18)
Now read: Nicolet Bankshares reports Q3 results »