LegacyTexas: 1Q Earnings Snapshot

PLANO, Texas (AP) _ LegacyTexas Financial Group Inc. (LTXB) on Tuesday reported first-quarter net income of $29.1 million.

On a per-share basis, the Plano, Texas-based company said it had profit of 61 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The holding company for LegacyTexas Bank posted revenue of $116 million in the period. Its adjusted revenue was $91.1 million, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $94.5 million.

LegacyTexas shares have increased 28 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $41.22, a decrease of 2.5 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