Legacytexas financial group, inc. (LTXB)
CashFlow / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income

156,653

157,507

154,189

111,080

96,968

97,066

89,494

100,139

98,647

93,929

97,821

88,962

79,640

76,674

70,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,056

31,956

31,312

31,688

34,805

37,909

36,227

35,241

0

0

0

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan, Lease, and Other Losses

28,556

29,934

35,797

39,540

44,041

32,818

39,456

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

-

0

0

31,265

-

16,902

11,898

9,345

6,721

4,700

2,031

2,692

3,199

0

0

0

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Depreciation and amortization

9,106

7,851

6,829

6,898

6,940

7,090

7,142

7,167

7,178

7,110

7,081

7,027

7,066

7,171

7,196

6,544

5,818

5,058

4,393

4,421

4,444

4,484

4,503

4,496

4,504

4,195

3,971

3,748

3,496

3,551

3,515

0

0

0

Deferred tax benefit

36,451

41,803

45,957

2,651

2,084

-2,034

-4,115

-8,068

-5,708

-5,717

-6,798

-6,888

-9,929

-6,964

-692

-267

1,717

121

-1,414

4,046

3,148

3,162

2,293

1,997

3,044

6,015

5,262

3,947

2,470

-336

204

0

0

0

Premium amortization and accretion of securities, net

-3,785

-3,808

-3,859

-4,013

-4,146

-4,262

-4,337

-4,478

-4,454

-4,435

-4,359

-4,255

-4,343

-4,358

-4,267

-3,929

-3,619

-3,374

-3,416

-3,700

-4,275

-5,031

-5,828

-6,764

-7,057

-7,158

-6,424

-5,550

-4,917

-4,376

-4,515

0

0

0

Accretion related to acquired loans

-1,180

-1,578

-1,836

-2,008

-2,427

-2,667

-3,097

-3,416

-3,898

-4,310

-4,613

-5,440

-6,225

-8,071

-10,241

-8,867

-7,179

-4,455

-1,500

-2,052

-2,312

-2,664

-3,148

-3,398

-4,107

-4,729

-3,784

0

0

0

-

-

-

-

Net (gain) loss on securities transactions

-4

-4

-138

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (gain) loss on securities transactions

-

-

-

-

-

-

-

-

-

37

-

79

57

-8

203

186

211

211

0

0

0

0

-177

-177

721

837

1,014

3,867

2,969

2,853

6,268

0

0

0

ESOP compensation expense

2,958

2,998

3,059

3,011

2,927

2,860

2,834

2,790

3,432

3,810

3,955

4,876

5,081

5,415

5,751

5,560

5,398

5,403

5,557

5,275

5,055

4,737

4,515

0

0

0

-

-

-

-

-

-

-

-

ESOP compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Share-based compensation expense

8,066

7,449

6,954

7,881

7,510

7,955

7,462

7,578

7,196

6,579

6,014

4,763

4,481

4,755

5,477

5,588

5,101

4,517

3,717

3,021

3,061

2,995

2,648

2,908

2,261

2,117

1,878

1,447

1,653

1,455

1,551

0

0

0

Excess tax benefit on vesting of stock awards

-366

-453

-907

-1,165

-1,082

-1,274

-1,578

-1,307

-1,177

-832

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sales of Loans, Net

7,500

6,289

6,573

6,630

7,015

7,503

7,322

7,778

8,179

8,273

8,225

8,112

7,673

7,544

8,036

6,137

4,193

2,072

0

0

0

0

-

-

-

-

5,436

7,537

8,217

7,922

7,639

0

0

0

Loans originated or purchased for sale

195,527

170,540

187,796

185,010

199,393

204,662

195,161

206,246

213,836

215,154

218,288

208,889

208,248

211,744

222,195

174,201

114,637

53,512

0

0

0

0

-

-

-

-

145,819

3,238,046

3,286,812

1,534,479

271,107

0

0

0

Proceeds from sale of loans held for sale

190,004

196,572

187,883

195,420

192,234

200,357

207,055

211,253

223,393

221,727

227,769

216,619

215,072

225,656

225,335

175,175

116,566

49,240

0

0

0

0

-

-

-

-

184,672

3,262,365

3,130,032

1,467,014

276,402

0

0

0

FHLB stock dividends

1,229

1,148

1,032

848

712

599

548

515

528

525

539

440

325

256

152

144

126

112

103

97

97

102

115

125

123

123

121

116

108

95

84

0

0

0

Bank Owned Life Insurance Income

1,935

1,925

1,890

1,838

1,791

1,752

1,727

1,733

1,739

1,740

1,744

1,740

1,723

1,706

1,699

1,450

1,173

894

628

631

632

640

649

678

740

752

699

0

0

0

-

-

-

-

(Gain) loss on sale and disposition of repossessed assets, premises and equipment

1,022

851

801

-3,011

-3,662

-3,522

-2,099

1,317

960

943

3,524

3,991

4,054

4,462

293

-1,458

-1,599

-2,054

-1,824

-14

112

606

835

474

620

120

-191

0

0

0

-

-

-

-

Bank-owned life insurance (BOLI) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Loss (gain) on sale and disposition of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net change in deferred loan fees/costs

2,627

3,188

4,017

4,443

4,675

4,808

8,631

2,651

2,050

2,339

-391

5,990

5,796

3,772

1,067

-1,041

-1,698

-1,400

-1,660

-1,544

-1,814

-2,249

-1,753

-760

-292

-36

-30

-434

161

263

589

0

0

0

Net change in accrued interest receivable

6,836

7,185

2,508

7,775

5,529

5,100

4,249

3,320

603

1,792

3,238

2,204

3,347

1,960

2,821

1,950

1,649

1,823

443

946

521

680

4

-822

315

-730

-793

194

-405

60

-266

0

0

0

Net change in other assets

16,917

16,391

31,135

8,831

5,655

2,724

1,299

1,947

-3,137

4,812

2,947

-1,654

2,443

-10,682

-8,444

-5,903

-2,735

2,007

-117

3,085

-635

-1,297

-7,570

-12,722

-11,146

-2,587

1,871

1,339

1,339

-3,670

-3,277

0

0

0

Net change in other liabilities

-193

-3,156

-2,805

14,480

3,491

1,640

40,176

45,489

46,395

37,960

5,913

21,296

6,763

13,877

-16,250

-5,318

-6,057

-5,191

-2,571

5,556

11,309

12,057

6,122

11,072

3,626

-480

4,371

-483

-3,087

6,577

8,311

0

0

0

Net cash provided by operating activities

185,694

220,839

189,890

185,398

151,529

140,636

189,016

186,801

197,392

173,358

132,448

138,163

109,158

133,382

89,202

83,516

72,277

50,155

52,024

58,522

64,054

65,324

65,545

292,520

195,916

-6,266

92,039

65,755

-124,425

-25,429

45,866

0

0

0

Cash flows from investing activities
Available-for-sale securities:
Maturities, prepayments and calls

1,283,685

2,229,363

2,027,407

1,878,076

1,930,557

1,380,581

2,028,905

2,140,036

3,234,000

3,029,632

2,276,913

3,262,658

2,311,999

2,114,040

2,114,641

1,872,658

1,775,668

1,771,669

2,050,002

1,516,569

993,194

1,354,474

1,187,611

975,229

760,732

518,417

614,361

934,565

832,265

730,935

551,204

0

0

0

Purchases

1,312,093

2,297,389

2,085,851

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Debt Securities, Available-for-sale

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held-to-maturity securities:
Purchases

-

-

-

-

-

-

-

-

-

3,107,588

-

3,405,867

2,349,835

2,167,021

2,148,080

1,878,762

1,765,231

1,722,683

2,001,501

1,464,501

931,000

1,281,000

1,165,941

940,941

715,941

482,080

516,139

831,139

731,139

624,808

544,232

0

0

0

Proceeds from sale of AFS securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,984

17,947

16,581

16,581

0

0

0

0

10,614

10,614

129,044

144,209

133,595

320,007

201,577

186,412

279,420

0

0

0

Maturities, prepayments and calls

33,081

32,688

38,566

40,376

40,871

42,767

35,973

38,789

38,545

39,410

41,384

42,163

44,197

47,709

49,730

51,301

51,707

51,095

57,000

62,777

76,144

92,500

104,058

120,781

127,923

133,887

136,606

139,741

140,609

124,293

113,687

0

0

0

Purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,919

11,356

14,840

45,455

40,890

35,453

31,969

1,354

0

0

28,877

69,285

184,137

0

0

0

Originations of Warehouse Purchase Program loans

20,397,300

19,819,892

20,917,368

22,222,544

22,664,940

22,630,638

21,917,085

21,328,412

21,469,044

20,478,429

19,966,527

18,327,499

16,253,467

15,548,861

15,511,029

15,137,641

14,524,006

13,366,291

11,913,793

11,565,806

11,773,977

12,932,185

14,107,219

0

0

0

-

-

-

-

-

-

-

-

Proceeds from pay-offs of Warehouse Purchase Program loans

20,145,745

19,743,572

21,277,810

22,462,226

22,796,811

22,624,029

21,817,838

21,546,301

21,192,692

20,660,017

19,954,905

17,942,058

16,358,074

15,559,186

15,253,726

14,913,888

14,208,575

12,918,309

11,800,847

11,469,210

11,908,639

13,098,753

14,494,469

0

0

0

-

-

-

-

-

-

-

-

Net change in loans held for investment, excluding Warehouse Purchase Program loans

409,836

402,337

346,475

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of FHLB and Federal Reserve Bank stock and other

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in loans held for investment, excluding Warehouse Purchase Program loans

-

-

-

-

-

-

-

-

-

1,020,797

-

1,085,420

1,308,312

1,081,876

1,030,016

795,674

640,925

586,630

583,762

554,941

513,560

462,413

359,488

284,822

239,549

208,479

182,658

204,900

172,145

158,019

123,995

0

0

0

Redemption of FHLB and Federal Reserve Bank stock and other

-

-

-

-

-

-

-

-

-

-12,017

-

-9,481

-7,925

-11,701

14,527

17,962

20,877

28,037

9,098

11,744

2,960

1,923

-10,257

-13,876

-3,889

-3,909

4,845

11,588

24,312

18,941

16,937

0

0

0

Cash received in excess of cash paid for acquisition of LegacyTexas Group, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,598

128,598

128,598

131,048

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

7,695

8,429

10,021

8,962

6,778

5,141

3,602

5,838

7,420

8,421

8,420

6,399

4,462

3,118

5,660

4,501

3,985

4,060

1,253

2,542

3,246

3,862

4,257

3,439

3,153

2,788

2,272

4,054

5,048

5,261

5,213

0

0

0

Proceeds from sale of assets

9,252

9,861

9,331

10,787

3,640

4,782

7,814

8,509

7,732

5,725

15,803

15,142

15,366

17,303

10,121

8,624

8,314

6,540

621

801

1,065

2,965

3,782

6,264

7,883

7,176

6,740

0

0

0

-

-

-

-

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash (used in) investing activities

-649,661

-508,600

-8,874

-148,552

-386,861

-526,421

-769,880

-615,654

-1,065,692

-873,211

-1,019,429

-1,541,363

-1,165,784

-1,048,917

-1,131,445

-855,704

-771,916

-812,459

-606,856

-561,533

-260,541

-178,146

132,996

23,016

-64,434

254,829

24,072

105,405

-26,332

-173,336

-269,358

0

0

0

Cash flows from financing activities
Net change in deposits

174,442

123,018

74,032

19,390

318,842

574,761

402,207

632,293

939,824

1,076,797

1,138,765

1,358,025

1,096,641

906,415

940,862

645,542

462,275

399,148

393,170

248,526

246,546

156,156

86,833

55,041

-40,226

-98,993

-164,149

-259,190

-219,952

-99,400

-54,059

0

0

0

Proceeds from FHLB advances

1,145,000

1,245,000

820,000

1,575,000

1,555,000

1,215,000

825,000

-79,300

-125,000

-315,000

200,000

764,300

925,000

840,000

1,350,000

1,132,000

1,096,000

1,317,000

712,000

752,000

538,000

637,000

447,000

359,000

633,000

518,500

634,000

670,500

950,500

807,000

502,500

0

0

0

Repayments on FHLB advances

826,176

1,029,478

1,037,754

1,640,829

1,640,741

1,440,633

615,519

56,872

56,655

56,437

806,222

782,898

808,968

809,991

773,003

778,788

753,561

753,373

488,189

463,462

463,342

593,225

700,112

700,002

707,894

586,791

488,190

490,093

482,000

472,908

217,321

0

0

0

Share repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,989

7,989

7,989

7,989

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings

-

-

-

-

-

-

-

0

0

20,550

-

21,434

-1,877

36,119

32,953

44,579

50,050

11,024

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends

42,725

38,273

33,840

30,863

30,328

29,802

29,277

28,759

28,717

28,189

27,676

27,172

26,679

26,197

25,747

23,879

22,010

20,615

19,187

19,180

18,375

17,572

12,780

15,905

15,062

13,426

15,448

9,221

7,811

7,198

6,918

0

0

0

Activity in employee stock plans

6,274

6,446

6,619

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Activity in employee stock plans

-

-

-

-

-

-

-

-

-

4,628

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Activity in employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,310

1,083

1,206

1,085

1,386

1,782

1,375

1,350

1,180

1,742

2,359

2,236

0

0

0

-

-

-

-

Net cash provided by financing activities

467,899

267,380

-205,279

-109,874

177,003

325,661

585,108

478,309

763,916

738,110

560,554

1,439,373

1,287,233

948,392

1,525,861

923,617

725,748

924,353

598,879

519,270

304,611

182,180

-179,263

-302,240

-143,676

-240,563

-93,763

-164,590

169,910

204,516

201,190

0

0

0

Net change in cash and cash equivalents

-

-20,381

-

-

-

-60,124

4,244

49,456

-104,384

38,257

-326,427

36,173

230,607

32,857

483,618

151,429

26,109

162,049

44,047

16,259

108,124

69,358

19,278

13,296

-12,194

8,000

22,348

6,570

19,153

5,751

-22,302

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,241

21,200

22,173

24,672

27,691

31,031

33,967

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,707

16,991

17,490

19,690

16,690

13,241

12,780

0

0

0

Supplemental noncash disclosures:
Transfers from loans to other real estate owned

1,006

909

745

218

532

938

4,553

4,390

4,236

3,927

10,780

13,131

13,288

13,288

3,287

1,451

1,134

1,262

954

615

682

1,302

1,611

2,658

4,848

4,457

4,507

0

0

0

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued in consideration of LegacyTexas Group, Inc. acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transfers from loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0