Revenue during the quarter dropped 6.78 percent to $66.38 million from $71.21 million in the previous year period. Net interest income for the quarter rose 17.13 percent over the prior year period to $76.55 million. Non-interest income for the quarter fell 17.23 percent over the last year period to $12.13 million.

LegacyTexas Financial Group, Inc. has made provision of $22.30 million for loan losses during the quarter, up 153.42 percent from $8.80 million in the same period last year.

Net interest margin improved 10 basis points to 4 percent in the quarter from 3.90 percent in the last year period. Efficiency ratio for the quarter improved to 44.83 percent from 46.92 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

"We produced a strong quarter that was highlighted with very strong net interest income, despite the seasonal decline in Warehouse Purchase Program loans," said president and chief executive officer Kevin Hanigan. "Loans held for investment, excluding Warehouse, grew $200 million and operating expenses remained relatively flat compared to last quarter, producing a record low 44.8% efficiency ratio. However, our performance during the quarter was obviously overshadowed by the increased provision expense related to a syndicated health care credit that we charged off. While our remaining exposure to corporate healthcare is only $60 million in funded loans, we have strategically decided to shut down our origination of these credits going forward. We believe that business fundamentals and local economy remain favorable for our Company, and we expect to continue executing on our strategic plan. The earning power of our company remains strong."

Deposits stood at $6,379.65 million as on Mar. 31, 2017, up 20.31 percent compared with $5,302.85 million on Mar. 31, 2016.

Noninterest-bearing deposit liabilities were $1,449.66 million or 22.72 percent of total deposits on Mar. 31, 2017, compared with $1,174.82 million or 22.15 percent of total deposits on Mar. 31, 2016.

Investments stood at $582.37 million as on Mar. 31, 2017, up 5.99 percent or $32.93 million from year-ago. Shareholders equity was at $899.92 million as on Mar. 31, 2017.

Return on average assets moved down 34 basis points to 0.89 percent in the quarter from 1.23 percent in the last year period. At the same time, return on average equity decreased 271 basis points to 8.08 percent in the quarter from 10.79 percent in the last year period.

Nonperforming assets moved up 112.88 percent or $64.19 million to $121.06 million on Mar. 31, 2017 from $56.87 million on Mar. 31, 2016. Meanwhile, nonperforming assets to total assets was 1.43 percent in the quarter, up from 0.75 percent in the last year period.

Equity to assets ratio was 10.67 percent for the quarter, down from 10.88 percent for the previous year quarter. Book value per share was $18.77 for the quarter, up 8.69 percent or $1.50 compared to $17.27 for the same period last year.