LegacyTexas Financial Group Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net interest income was $74.084 million compared to $63.742 million a year ago. This was $600,000 higher than linked quarter and $10.4 million higher than fourth quarter 2015. That's a 16.2% year-over-year growth in net interest income. Income before income tax was $38.98 million compared to $25.092 million a year ago. Net income was $25.305 million or $0.54 per diluted share compared to $16.446 million or $0.35 per diluted share a year ago. Core (non-GAAP) return on average common shareholders' equity was 11.50% against 8.17% a year ago. Core (non-GAAP) return on average assets was 1.20% against 0.95% a year ago. Return on average common shareholders' equity was 11.50% against 8.22% a year ago. Return on average assets was 1.20% against 0.95% a year ago. Core (non-GAAP) net income was $25.305 million or $0.54 per diluted share compared to $16.356 million or $0.35 per diluted share a year ago. Book value per share- GAAP was $18.49 compared to $16.88 a year ago. Tangible book value per share- Non-GAAP was $14.75 compared to $13.06 a year ago.

For the year, the company reported net interest income was $282.269 million compared to $241.077 million a year ago. This combination of growing revenues, while diligently controlling expenses, led to GAAP net income being up 38% and core net income being up 34% over last year. Net income was $97.821 million or $2.09 per diluted share compared to $70.916 million or $1.53 per diluted share a year ago. Core (non-GAAP) net income was $96.222 million or $2.07 diluted per share against $71.856 million or $1.56 diluted per share a year ago. GAAP net income available to common shareholders was $97.324 million compared to $70.382 million a year ago.

For the fourth quarter of 2016, the company's net charge-offs was $0.242 million compared to $0.489 million a year ago.