LegacyTexas Financial Group Q1 net income $29.1 millionChristian Fernsby ▼ | April 24, 2019
LegacyTexas Financial Group, the holding company for LegacyTexas Bank, announced net income of $29.1 million for the first quarter of 2019, a decrease of $28.7 million from the fourth quarter of 2018 and an increase of $3.3 million from the first quarter of 2018.
LegacyTexas Financial Group Core (non-GAAP) net income totaled $29.1 million for the first quarter of 2019
Net income for the fourth quarter of 2018 was positively impacted by a $15.3 million tax benefit related to tax rate changes and the favorable outcome of the Company's change in its tax method of accounting for its loan portfolio. ■