LegacyTexas Financial Group Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported interest and dividend income of $69.582 million compared to $39.979 million a year ago. Net interest income was $63.742 million compared to $35.830 million a year ago. Income before income tax was $25.092 million compared to $8.691 million a year ago. Net income was $16.446 million or $0.35 per diluted share compared to $5.466 million or $0.14 per diluted share a year ago. Return on average common shareholders' equity was 8.22% compared to 3.83% a year ago. Return on average assets was 0.95% compared to 0.56% a year ago. Book value per share was $16.88 compared to $14.20 a year ago. Revenues were $75.3 million, up from $41.1 million reported for the same period last year. Core net income was $16.3 million or $0.35 basic and diluted per share against $11.186 million or $0.29 basic and diluted per share a year ago. Tangible book value per share- Non-GAAP was $13.06 against $13.44 a year ago. Core (non-GAAP) return on average common shareholders' equity was 8.15% against 7.85% a year ago. Core (non-GAAP) return on average assets was 0.95% against 1.14% a year ago.

For the year, the company reported interest and dividend income of $262.692 million compared to $149.647 million a year ago. Net interest income was $241.077 million compared to $133.007 million a year ago. Income before income tax was $108.872 million compared to $48.937 million a year ago. Net income was $70.916 million or $1.53 per diluted share compared to $31.278 million or $0.81 per diluted share a year ago. Core (non-GAAP) net income was $71.942 million or $1.53 diluted per share against $38.902 million or $0.81 diluted per share a year ago.

For the fourth quarter of 2015, the company's net charge-offs for the fourth quarter of 2015 totaled $489,000, a decrease of $1.5 million from the third quarter of 2015 and an increase of $816,000 from the fourth quarter of 2014. The $24.7 million decrease in non-performing commercial and industrial loans from the third quarter of 2015 was primarily due to the $24.3 million energy relationship.