8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

October 16, 2018

LEGACYTEXAS FINANCIAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Maryland	001-34737	27-2176993
(State or other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)
5851 Legacy Circle, Plano, Texas		75024
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (972) 578-5000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer x	Accelerated filer o
Non-accelerated filer o	Smaller reporting company o
(Do not check if a smaller reporting company)	Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

ITEM 2.02 Results of Operations and Financial Condition

On October 16, 2018, the Registrant announced third quarter2018 earnings. The press release is attached to this report as Exhibit 99.1, which is incorporated herein by reference.

ITEM 8.01 Other Events

The information set forth in Item 2.02 above, including the contents of the press release attached as Exhibit 99.1, is incorporated by reference into this Item 8.01.

On October 16, 2018, the Registrant issued a press release announcing the declaration of a quarterly cash dividend of $0.22 per share, payable on November 9, 2018, to stockholders of record as of the close of business on October 29, 2018. The press release is attached to this report as Exhibit 99.2, which is incorporated herein by reference.

On Wednesday, October 17, 2018 at 8:00 a.m. Central Time, the Registrant will host an investor conference call and webcast to review their third quarter2018 financial results. The webcast will include a slide presentation which consists of information regarding the Registrant's operating and growth strategies and financial performance. The presentation materials will be posted on the Registrant's website on October 16, 2018. The presentation materials are attached hereto as Exhibit 99.3, which is incorporated herein by reference.

ITEM 9.01	Financial Statements and Exhibits
(d)	Exhibits
Exhibit 99.1	Press release announcing third quarter 2018 earnings dated October 16, 2018
Exhibit 99.2	Press release announcing quarterly dividend dated October 16, 2018
Exhibit 99.3	Presentation materials

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

			LEGACYTEXAS FINANCIAL GROUP, INC.
Date:	October 16, 2018	By:	/s/ J. Mays Davenport
			J. Mays Davenport, Executive Vice President and Chief Financial Officer

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

October 16, 2018

Contact: Investor Inquiries:

Kimberly Whitaker

972-801-5871/ShareholderRelations@LegacyTexasFinancialGroup.com

Media Inquiries:

Jennifer Dexter

972-461-7157/Jennifer.Dexter@LegacyTexas.com

LegacyTexas Financial Group, Inc. Reports Record Third Quarter2018 Earnings

PLANO, Texas,October 16, 2018--LegacyTexas Financial Group, Inc. (Nasdaq: LTXB) (the “Company”), the holding company for LegacyTexas Bank (the “Bank”), today announced record net income of $42.8 million for the third quarter of 2018, an increase of $15.0 million from the second quarter of 2018 and an increase of $14.1 million from the third quarter of 2017.

"What a fabulous quarter for our company, as we continued to grow our customer base and deliver on our strategic initiatives," said President and CEO Kevin Hanigan. "By delivering what our customers need, we have produced record levels of earnings and return on assets for our shareholders."

Third Quarter2018 Performance Highlights

• Assets of $9.08 billion generated basic earnings per share for the third quarter of 2018 of $0.91 on a GAAP basis and $0.92 on a core (non-GAAP) basis.*

• Non-performing assets totaled $18.3 million at September 30, 2018, a decline of $8.7 million, or 32.2%, from June 30, 2018. Non-performing loans to total loans held for investment improved to 0.22% at September 30, 2018, compared to 0.25% at June 30, 2018 and 0.99% at September 30, 2017.

• The Company's efforts to grow non-interest-bearing demand deposits resulted in a linked-quarter increase in these deposits of $76.7 million to $1.80 billion at September 30, 2018. Non-interest-bearing deposits totaled 26.5% of total deposits at September 30, 2018.

• Return on average assets on an annualized basis improved to an all-time high of 1.87% for the quarter ended September 30, 2018, compared to 1.24% for the quarter ended June 30, 2018, while core (non-GAAP) return on average assets for the quarter ended September 30, 2018 was 1.88%, compared to 1.24% for the quarter ended June 30, 2018.*

• GAAP efficiency ratio improved to a record 42.66% for the quarter ended September 30, 2018, compared to 44.51% for the quarter ended June 30, 2018, while core (non-GAAP) efficiency ratio improved to 42.46% for the quarter ended September 30, 2018, compared to 44.44% for the quarter ended June 30, 2018.*

*See the section labeled "Supplemental Information- Non-GAAP Financial Measures" at the end of this document.

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Financial Highlights

	At or For the Quarters Ended
(unaudited)	Sep 30, 2018			Jun 30, 2018			Sep 30, 2017
	(Dollars in thousands, except per share amounts)
Net interest income	$	85,667		$	83,929		$	78,964
Provision for credit losses	2,656			17,478			7,157
Non-interest income	13,227			10,852			12,226
Non-interest expense	42,192			42,191			40,295
Income tax expense	11,225			7,275			15,029
Net income	$	42,821		$	27,837		$	28,709
Basic earnings per common share	$	0.91		$	0.59		$	0.61
Basic core (non-GAAP) earnings per common share1	$	0.92		$	0.59		$	0.61
Weighted average common shares outstanding - basic	47,105,655			47,000,405			46,664,233
Estimated Tier 1 common equity risk-based capital ratio2	10.46		%	9.78		%	9.17		%
Total equity to total assets	11.45		%	10.83		%	10.48		%
Tangible common equity to tangible assets - Non-GAAP1	9.67		%	9.07		%	8.67		%

¹  See the section labeled "Supplemental Information - Non-GAAP Financial Measures" at the end of this document.

²  Calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve.

Core (non-GAAP) net income (which is net income adjusted for the impact of infrequent or non-recurring items) totaled $43.2 million for the quarter ended September 30, 2018, up$15.2 million from the second quarter of 2018 and up$14.7 million from the third quarter of 2017. Basic earnings per share for the quarter ended September 30, 2018 was $0.91, an increase of $0.32 from the second quarter of 2018 and an increase of $0.30 from the third quarter of 2017. Basic core (non-GAAP) earnings per share for the third quarter of 2018 was $0.92, up$0.33 from the second quarter of 2018 and up$0.31 from the third quarter of 2017. The reconciliation of non-GAAP measures, which the Company believes facilitates the assessment of its banking operations and peer comparability, is included in tabular form at the end of this release.

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Net Interest Income and Net Interest Margin

	For the Quarters Ended
(unaudited)	September 30, 2018			June 30, 2018			September 30, 2017
	(Dollars in thousands)
Interest income:
Loans held for investment, excluding Warehouse Purchase Program loans	$	89,034		$	86,105		$	77,366
Warehouse Purchase Program loans	12,938			12,137			11,493
Loans held for sale	295			328			225
Securities	4,512			4,324			3,855
Interest-earning deposit accounts	1,368			1,097			1,524
Total interest income	$	108,147		$	103,991		$	94,463
Net interest income	$	85,667		$	83,929		$	78,964
Net interest margin	3.90		%	3.93		%	3.71		%
Selected average balances:
Total earning assets	$	8,736,076		$	8,566,131		$	8,451,478
Total loans held for investment	7,758,802			7,636,235			7,331,173
Total securities	678,483			667,183			652,841
Total deposits	6,851,449			6,859,944			6,632,649
Total borrowings	1,154,079			1,018,945			1,178,031
Total non-interest-bearing demand deposits	1,752,095			1,694,082			1,481,654
Total interest-bearing liabilities	6,253,433			6,184,807			6,329,026

Net interest income for the quarter ended September 30, 2018 was $85.7 million, a $1.7 million, or 2.1%, increase from the second quarter of 2018 and a $6.7 million, or 8.5%, increase from the third quarter of 2017. The $1.7 millionincrease from the second quarter of 2018 was primarily driven by higher yields earned on all loan portfolios, as well as increased volume in all loan portfolios with the exception of commercial real estate loans and loans held for sale. The average balance of commercial and industrial loans increased by$85.8 million from the second quarter of 2018, while the average yield earned on this portfolio increased by seven basis points for the same period, resulting in a $1.9 million increase in interest income. A six basis point increase in the average yield earned on the commercial real estate portfolio from the second quarter of 2018 offset a $38.3 million decline in the average balance of the portfolio, resulting in a $365,000increase in interest income. The average balance of the consumer real estate portfolio increased by$29.6 million from the second quarter of 2018, which drove a $367,000increase in interest income. The average balance of the construction and land portfolio increased by$11.3 million on a linked-quarter basis, while the average yield earned on this portfolio increased by six basis points from the second quarter of 2018, leading to a $229,000increase in interest income. Interest income earned on Warehouse Purchase Program loans increased by $801,000 from the second quarter of 2018, as the average balance increased by$22.6 million and the average yield increased by 15 basis points compared to the linked quarter.

Interest income on loans for the third quarter of 2018 included $330,000 in accretion of purchase accounting fair value adjustments on acquired loans, which primarily consisted of $132,000 on acquired commercial real estate loans, $77,000 on acquired commercial and industrial loans and $120,000 on acquired consumer loans.

The $6.7 million increase in net interest income compared to the third quarter of 2017 was primarily due to a $13.2 million increase in interest income on loans, which was driven by increased volume in the commercial real estate, commercial and industrial and consumer real estate loan portfolios, as well as higher yields earned on all loan portfolios. The average balance of commercial and industrial loans increased by$237.7 million from the third quarter of 2017, while the average yield earned on this portfolio increased by 78 basis points for the same period, resulting in a $7.1 millionincrease in interest income. The average yield earned on the commercial and industrial portfolio for the quarter ended September 30, 2018 was positively impacted by four increases in the Fed Funds rate totaling 100 basis points since September 2017, as well as the resolution of multiple non-performing relationships over the past year. The average balance of commercial real estate loans increased by$162.5 million from the third quarter of 2017, resulting in a $2.7 millionincrease in interest income, while the average balance of consumer real estate loans increased by$118.4 million for the same period, which led to a $1.8 millionincrease in interest income.

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Although the average balance of Warehouse Purchase Program loans decreased by$95.0 million from the third quarter of 2017, the average yield earned on this portfolio increased by 86 basis points, resulting in a $1.4 millionincrease in interest income compared to the third quarter of 2017.

Interest expense for the quarter ended September 30, 2018 increased by $2.4 million, or 12.1%, compared to the linked quarter, which was primarily due to higher average savings and money market deposit, time deposit and borrowing rates, as well as increases of $76.8 million, $50.8 million and $135.1 million in the average balances of savings and money market deposits, time deposits and borrowings, respectively, compared to the second quarter of 2018. These linked-quarter increases in interest expense were partially offset by lower interest expense on interest-bearing demand deposits, which was due to a 23 basis point decline in the average rate paid on these deposits, as well as a $194.1 million decrease in the average balance.

Compared to the third quarter of 2017, interest expense for the quarter ended September 30, 2018 increased by $7.0 million, primarily due to higher average deposit and borrowing rates, as well as an increase of $265.4 million in the average balance of time deposits. A $24.0 million decrease in the average balance of borrowings from the third quarter of 2017 was more than offset by a 79 basis point increase in the average rate, resulting in a $2.2 million year-over-year increase in interest expense on borrowed funds.

The net interest margin for the third quarter of 2018 was 3.90%, a three basis point decrease from the second quarter of 2018 and a 19 basis point increase from the third quarter of 2017. The average yield on earning assets for the third quarter of 2018 was 4.92%, a five basis point increase from the second quarter of 2018 and a 48 basis point increase from the third quarter of 2017. The cost of deposits for the third quarter of 2018 was 0.87%, up seven basis points from the linked quarter and up 26 basis points from the third quarter of 2017.

Non-interest Income

Non-interest income for the third quarter of 2018 was $13.2 million, a $2.4 million, or 21.9%, increase from the second quarter of 2018 and a $1.0 million, or 8.2%, increase from the third quarter of 2017. Other non-interest income for the third quarter of 2018 included a $1.5 million net increase in the value of investments in community development-oriented private equity funds used for Community Reinvestment Act purposes (the "CRA Funds"), compared to a $15,000 net decrease in the CRA Funds for the second quarter of 2018. Gain (loss) on sale and disposition of assets for the third quarter of 2018 included $1.3 million in gains on the sale of foreclosed properties, compared to only $9,000 of comparable gains recorded in the second quarter of 2018, which was partially offset by a $471,000 loss recorded on the anticipated disposition of a leased branch location, with the branch expected to close in the fourth quarter of 2018. Service charges and other fees decreased by $218,000 from the second quarter of 2018, primarily resulting from decreased title premiums.

The $1.0 million increase in non-interest income from the third quarter of 2017 was primarily due to a $1.4 million increase in other non-interest income, which included the above-mentioned $1.5 million net increase in the value of CRA Funds recorded in the third quarter of 2018, compared to a $134,000 net increase in the CRA funds recorded in the third quarter of 2017. Gain (loss) on sale and disposition of assets for the third quarter of 2018 included the above-mentioned $1.3 million in gains on the sale of foreclosed properties, compared to a $14,000 comparable loss recorded in the third quarter of 2017. Service charges and other fees decreased by $665,000 from the third quarter of 2017, which was driven by decreases in title premiums, Warehouse Purchase Program fee income, commercial loan fee income (consisting of syndication, arrangement, non-usage and pre-payment fees) and brokerage income, after the Company discontinued its brokerage services in the third quarter of 2017. These decreases in service charges and other fees were partially offset by increased commercial account analysis fee and debit card interchange income recorded in the 2018 period. Net gains on the sale of mortgage loans held for sale during the third quarter of 2018 decreased by $385,000 compared to the third quarter of 2017, which included gains recognized on $52.4 million of one-to four-family mortgage loans that were sold or committed for sale and fair value changes on mortgage derivatives and mortgage fees collected during the third quarter of 2017, compared to $38.7 million for the third quarter of 2018.

Non-interest Expenses

Non-interest expense for the quarter ended September 30, 2018 was $42.2 million, unchanged from the second quarter of 2018 and up $1.9 million, or 4.7%, from the third quarter of 2017. Salaries and employee benefits expense increased by $740,000 from the second quarter of 2018, driven by an increase in performance incentive accruals based on decreased non-performing assets, increased share-based compensation expenses, and lower deferred salary costs related to loan originations that will be accounted for over the lives of the related loans. These increases in salaries and employee benefits expense were partially offset by lower health care costs, severance costs, and commissions related to lower mortgage loan production recorded during

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the third quarter of 2018. Data processing expense increased by $217,000 from the second quarter of 2018 due to system upgrades, which was offset by decreased advertising expense of $534,000, decreased outside professional services expense of $231,000 and decreased other non-interest expense of $198,000, which was primarily due to lower lending and foreclosed property expenses.

The $1.9 million increase in non-interest expense from the third quarter of 2017 was primarily due to a $1.1 million increase in data processing expense as the Company has outsourced certain segments of its data processing operations and invested in system upgrades. This outsourcing cost was partially offset by a reduction in full-time equivalent employees in the technology area. Salaries and employee benefits expense increased by $878,000 from the third quarter of 2017, which was driven by an increase in performance incentive accruals based on decreased non-performing assets, increased share-based compensation expenses, and lower deferred salary costs related to loan originations that will be accounted for over the lives of the related loans. These increases in salaries and employee benefits expense were partially offset by lower health care costs, severance costs, and commissions related to lower mortgage loan production during the third quarter of 2018. Occupancy and equipment expense increased by $661,000 from the third quarter of 2017 primarily due to an early termination fee collected from a tenant in the third quarter of 2017 that was not repeated in the current period. These increases were partially offset by decreases from the third quarter of 2017 in regulatory assessments expense of $261,000, advertising expense of $156,000, and office operations expense of $146,000.

Financial Condition - Loans

Gross loans held for investment at September 30, 2018, excluding Warehouse Purchase Program loans, grew $92.9 million from June 30, 2018, which included growth in commercial and industrial, consumer real estate, and construction and land loans. At September 30, 2018, commercial and industrial and consumer real estate loans increased by $59.6 million and $30.3 million, respectively, from June 30, 2018, while construction and land loans increased by $12.5 million for the same period. These increases were partially offset by linked-quarter declines of $8.8 million and $714,000 in commercial real estate and other consumer loans, respectively.

Compared to September 30, 2017, gross loans held for investment, excluding Warehouse Purchase Program loans, grew $378.5 million, which included growth in commercial and industrial and consumer real estate loans. Commercial and industrial and consumer real estate loans increased by $269.2 million and $120.1 million, respectively, at September 30, 2018, compared to September 30, 2017. These increases were partially offset by declines of $4.3 million, $4.2 million and $2.4 million in construction and land, commercial real estate, and other consumer loans, respectively, compared to September 30, 2017.

At September 30, 2018, Warehouse Purchase Program loans decreased by $236.6 million compared to June 30, 2018 and by $305.7 million compared to September 30, 2017.

Reserve-based energy loans, which are secured by deeds of trust on properties containing proven oil and natural gas reserves and included in the Company's commercial and industrial loan portfolio, totaled $547.4 million at September 30, 2018, up$60.6 million from $486.8 million at June 30, 2018 and up$20.6 million from $526.8 million at September 30, 2017. In addition to reserve-based energy loans, the Company has loans categorized as "Midstream and Other," which are typically related to the transmission of oil and natural gas and would only be indirectly impacted by declining commodity prices. At September 30, 2018, "Midstream and Other" loans had a total outstanding balance of $34.8 million, up$6.1 million from $28.7 million at June 30, 2018 and up$7.0 million from $27.8 million at September 30, 2017.

Financial Condition - Deposits

Total deposits at September 30, 2018 decreased by $101.6 million from June 30, 2018, which included declines of $86.8 million, $73.9 million and $17.6 million in interest-bearing demand, time, and savings and money market balances, respectively. These declines were partially offset by growth of $76.7 million in non-interest-bearing demand deposits from June 30, 2018.

Compared to September 30, 2017, total deposits increased by $19.4 million, which included growth in time and non-interest-bearing demand deposits of $264.8 million and $269.1 million, respectively, while savings and money market and interest-bearing demand deposits decreased by $405.3 million and $109.2 million, respectively, from September 30, 2017.

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Credit Quality

	At or For the Quarters Ended
(unaudited)	Sep 30, 2018			Jun 30, 2018			Sep 30, 2017
	(Dollars in thousands)
Net charge-offs	$	791		$	27,663		$	12,347
Net charge-offs/Average loans held for investment, excluding Warehouse Purchase Program loans	0.05		%	1.69		%	0.78		%
Net charge-offs/Average loans held for investment	0.04			1.45			0.67
Provision for credit losses	$	2,656		$	17,478		$	7,157
Non-performing loans ("NPLs")	17,584			19,610			76,915
NPLs/Total loans held for investment, excluding Warehouse Purchase Program loans	0.26		%	0.29		%	1.20		%
NPLs/Total loans held for investment	0.22			0.25			0.99
Non-performing assets ("NPAs")	$	18,282		$	26,951		$	90,500
NPAs to total assets	0.20		%	0.29		%	1.00		%
NPAs/Loans held for investment and foreclosed assets, excluding Warehouse Purchase Program loans	0.27			0.40			1.41
NPAs/Loans held for investment and foreclosed assets	0.23			0.34			1.17
Allowance for loan losses	$	66,354		$	64,445		$	70,044
Allowance for loan losses/Total loans held for investment, excluding Warehouse Purchase Program loans	0.98		%	0.97		%	1.10		%
Allowance for loan losses/Total loans held for investment	0.85			0.81			0.90
Allowance for loan losses/Total loans held for investment, excluding acquired loans & Warehouse Purchase Program loans1	1.03			1.02			1.17
Allowance for loan losses/NPLs	377.35			328.63			91.07

¹  Excludes loans acquired in previous bank acquisitions, which were initially recorded at fair value.

The Company recorded a provision for credit losses of $2.7 million for the quarter ended September 30, 2018, a decrease of $14.8 million from the quarterended June 30, 2018 and a decrease of $4.5 million from the quarter ended September 30, 2017. The decrease in provision expense on a linked-quarter and year-over-year basis was primarily due to decreased charge-offs during the quarter ended September 30, 2018. Net charge-offs totaled $791,000 for the three months ended September 30, 2018, down $26.9 million from the three months ended June 30, 2018 and down $11.6 million from the three months ended September 30, 2017. Non-performing assets at September 30, 2018 totaled $18.3 million, down $8.7 million from June 30, 2018, primarily due to the sale of a foreclosed medical facility in the third quarter of 2018, which generated a $1.3 million gain.

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The below table shows criticized (rated "special mention") and classified (rated "substandard" or "doubtful") loans at September 30, 2018, June 30, 2018 and September 30, 2017.

	September 30, 2018		June 30, 2018		September 30, 2017		Linked-Quarter  Change			Year-over-Year  Change
	(Dollars in thousands)
Commercial real estate	$	16,750	$	25,540	$	28,187	$	(8,790	)	$	(11,437	)
Commercial and industrial, excluding energy	7,884		11,065		16,300		(3,181		)	(8,416		)
Energy	51,983		24,975		27,754		27,008			24,229
Consumer	1,313		1,501		1,491		(188		)	(178		)
Total criticized (all performing)	$	77,930	$	63,081	$	73,732	$	14,849		$	4,198
Commercial real estate	$	1,757	$	3,846	$	7,094	$	(2,089	)	$	(5,337	)
Commercial and industrial, excluding energy	1,059		1,234		14,516		(175		)	(13,457		)
Energy	40,156		28,804		25,589		11,352			14,567
Consumer	1,527		1,993		2,391		(466		)	(864		)
Total classified performing	44,499		35,877		49,590		8,622			(5,091		)
Commercial real estate	3,739		3,656		4,064		83			(325		)
Commercial and industrial, excluding energy	5,861		8,860		14,548		(2,999		)	(8,687		)
Energy	1,317		1,365		51,012		(48		)	(49,695		)
Consumer	6,667		5,729		7,291		938			(624		)
Total classified non-performing	17,584		19,610		76,915		(2,026		)	(59,331		)
Total classified loans	$	62,083	$	55,487	$	126,505	$	6,596		$	(64,422	)

Conference Call

The Company will host an investor conference call to review the results on Wednesday, October 17, 2018 at 8 a.m. Central Time. Participants may pre-register for the call by visiting http://dpregister.com/10123554 and will receive a unique PIN which can be used when dialing in for the call. This will allow attendees to enter the call immediately. Alternatively, participants may call (toll-free) 877-513-4119 at least five minutes prior to the call to be placed into the call by an operator. International participants are asked to call 1-412-902-4148 and participants in Canada are asked to call (toll-free) 855-669-9657.

The call and corresponding presentation slides will be webcast live on the home page of the Company's website, www.legacytexasfinancialgroup.com. An audio replay will be available one hour after the conclusion of the call at 877-344-7529, Conference #10123554. This replay will be available until November 17, 2018.

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About LegacyTexas Financial Group, Inc.

LegacyTexas Financial Group, Inc. is the holding company for LegacyTexas Bank, a commercially oriented community bank based in Plano, Texas. LegacyTexas Bank operates 43 banking offices in the Dallas/Fort Worth Metroplex and surrounding counties. For more information, please visit www.LegacyTexasFinancialGroup.com or www.LegacyTexas.com.

This document and other filings by LegacyTexas Financial Group, Inc. (the “Company”) with the Securities and Exchange Commission (the “SEC”), as well as press releases or other public or stockholder communications released by the Company, may contain forward-looking statements, including, but not limited to, (i) statements regarding the financial condition, results of operations and business of the Company, (ii) statements about the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts and (iii) other statements identified by the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "intends" or similar expressions that are intended to identify "forward-looking statements", within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current beliefs and expectations of the Company’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the expected cost savings, synergies and other financial benefits from acquisition or disposition transactions might not be realized within the expected time frames or at all and costs or difficulties relating to integration matters might be greater than expected; changes in economic conditions; legislative changes; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; fluctuations in the price of oil, natural gas and other commodities; competition; changes in management’s business strategies; changes in the regulatory and tax environments in which the Company operates, including the impact of the "Tax Cuts and Jobs Act" (the "TCJA") on the Company's deferred tax asset, and the anticipated impact of the TCJA on the Company's future earnings; and other factors set forth in the Company's filings with the SEC.

The factors listed above could materially affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements.

The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. When considering forward-looking statements, you should keep in mind these risks and uncertainties. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. You should refer to our periodic and current reports filed with the SEC for specific risks that could cause actual results to be significantly different from those expressed or implied by any forward-looking statements.

8

LegacyTexas Financial Group, Inc. Consolidated Balance Sheets (unaudited)

(Dollars in thousands) ASSETS	September 30, 2018			June 30, 2018			March 31, 2018			December 31, 2017			September 30, 2017
Cash and due from financial institutions	$	64,681		$	60,104		$	51,824		$	61,713		$	58,776
Short-term interest-bearing deposits in other financial institutions	189,634			199,807			243,080			231,743			268,567
Total cash and cash equivalents	254,315			259,911			294,904			293,456			327,343
Securities available for sale, at fair value	455,454			445,613			431,413			419,717			410,450
Securities held to maturity	145,148			155,252			156,898			173,509			180,968
Total securities	600,602			600,865			588,311			593,226			591,418
Loans held for sale	22,175			33,548			31,123			16,707			25,955
Loans held for investment:
Loans held for investment - Warehouse Purchase Program	1,054,505			1,291,129			1,019,840			1,320,846			1,360,219
Loans held for investment	6,764,052			6,671,139			6,569,123			6,483,192			6,385,602
Gross loans	7,840,732			7,995,816			7,620,086			7,820,745			7,771,776
Less: allowance for loan losses and deferred fees on loans held for investment	(56,499		)	(55,321		)	(66,878		)	(64,921		)	(64,632		)
Net loans	7,784,233			7,940,495			7,553,208			7,755,824			7,707,144
FHLB stock and other restricted securities, at cost	60,596			66,061			46,842			64,790			50,333
Bank-owned life insurance	58,692			58,345			57,999			57,684			57,383
Premises and equipment, net	72,291			70,893			70,427			69,693			70,052
Goodwill	178,559			178,559			178,559			178,559			178,559
Other assets	73,504			73,957			75,374			72,964			86,380
Total assets	$	9,082,792		$	9,249,086		$	8,865,624		$	9,086,196		$	9,068,612
LIABILITIES AND SHAREHOLDERS’ EQUITY
Non-interest-bearing demand	$	1,798,109		$	1,721,380		$	1,681,067		$	1,635,622		$	1,529,052
Interest-bearing demand	780,474			867,323			996,737			1,029,375			889,627
Savings and money market	2,562,399			2,580,017			2,707,046			2,735,296			2,967,672
Time	1,638,776			1,712,628			1,569,557			1,367,390			1,374,017
Total deposits	6,779,758			6,881,348			6,954,407			6,767,683			6,760,368
FHLB advances	932,317			1,065,941			604,562			1,043,163			998,146
Repurchase agreements	40,408			41,330			76,610			84,676			81,073
Subordinated debt	134,890			134,767			134,645			134,522			134,400
Accrued expenses and other liabilities	155,820			124,250			115,906			96,278			144,533
Total liabilities	8,043,193			8,247,636			7,886,130			8,126,322			8,118,520
Common stock	485			483			483			481			480
Additional paid-in capital	617,270			611,967			609,046			603,884			598,820
Retained earnings	444,848			409,765			389,653			370,858			363,890
Accumulated other comprehensive income (loss), net	(11,481		)	(9,109		)	(7,899		)	(3,429		)	(1,045		)
Unearned Employee Stock Ownership Plan (ESOP) shares	(11,523		)	(11,656		)	(11,789		)	(11,920		)	(12,053		)
Total shareholders’ equity	1,039,599			1,001,450			979,494			959,874			950,092
Total liabilities and shareholders’ equity	$	9,082,792		$	9,249,086		$	8,865,624		$	9,086,196		$	9,068,612

9

LegacyTexas Financial Group, Inc.

Consolidated Quarterly Statements of Income (unaudited)

	For the Quarters Ended															Third Quarter 2018 Compared to:
	Sep 30, 2018			Jun 30, 2018			Mar 31, 2018			Dec 31, 2017			Sep 30, 2017			Second Quarter  2018					Third Quarter 2017
Interest and dividend income				(Dollars in thousands)
Loans, including fees	$	102,267		$	98,570		$	90,631		$	91,334		$	89,084		$	3,697		3.8	%	$	13,183		14.8	%
Taxable securities	3,254			3,132			2,911			2,819			2,694			122			3.9		560			20.8
Nontaxable securities	614			641			675			700			713			(27		)	(4.2	)	(99		)	(13.9	)
Interest-bearing deposits in other financial institutions	1,368			1,097			969			798			1,524			271			24.7		(156		)	(10.2	)
FHLB and Federal Reserve Bank stock and other	644			551			480			460			448			93			16.9		196			43.8
	108,147			103,991			95,666			96,111			94,463			4,156			4.0		13,684			14.5
Interest expense
Deposits	15,077			13,732			12,032			10,954			10,271			1,345			9.8		4,806			46.8
FHLB advances	5,198			4,131			2,680			2,647			2,944			1,067			25.8		2,254			76.6
Repurchase agreements and other borrowings	2,205			2,199			2,341			2,311			2,284			6			0.3		(79		)	(3.5	)
	22,480			20,062			17,053			15,912			15,499			2,418			12.1		6,981			45.0
Net interest income	85,667			83,929			78,613			80,199			78,964			1,738			2.1		6,703			8.5
Provision for credit losses	2,656			17,478			15,663			3,743			7,157			(14,822		)	(84.8	)	(4,501		)	(62.9	)
Net interest income after provision for credit losses	83,011			66,451			62,950			76,456			71,807			16,560			24.9		11,204			15.6
Non-interest income
Service charges and other fees	8,626			8,844			7,927			8,124			9,291			(218		)	(2.5	)	(665		)	(7.2	)
Net gain on sale of mortgage loans held for sale	1,597			1,668			1,809			1,556			1,982			(71		)	(4.3	)	(385		)	(19.4	)
Bank-owned life insurance income	482			479			447			430			435			3			0.6		47			10.8
Net gain (loss) on securities transactions	(10		)	—			(128		)	—			(20		)	(10		)	N/M		10			50.0
Gain (loss) on sale and disposition of assets	977			(153		)	2,213			(3,480		)	352			1,130			N/M		625			N/M
Other	1,555			14			630			271			186			1,541			N/M		1,369			N/M
	13,227			10,852			12,898			6,901			12,226			2,375			21.9		1,001			8.2

10

	For the Quarters Ended										Third Quarter 2018 Compared to:
	Sep 30, 2018		Jun 30, 2018		Mar 31, 2018		Dec 31, 2017		Sep 30, 2017		Second Quarter  2018					Third Quarter 2017
Non-interest expense			(Dollars in thousands)
Salaries and employee benefits	25,053		24,313		27,076		23,126		24,175		740			3.0		878			3.6
Advertising	824		1,358		888		1,402		980		(534		)	(39.3	)	(156		)	(15.9	)
Occupancy and equipment	3,960		3,980		3,860		3,776		3,299		(20		)	(0.5	)	661			20.0
Outside professional services	1,151		1,382		1,250		1,300		1,230		(231		)	(16.7	)	(79		)	(6.4	)
Regulatory assessments	750		731		1,154		1,212		1,011		19			2.6		(261		)	(25.8	)
Data processing	5,362		5,145		4,703		4,737		4,287		217			4.2		1,075			25.1
Office operations	2,232		2,224		2,300		2,180		2,378		8			0.4		(146		)	(6.1	)
Other	2,860		3,058		2,648		2,975		2,935		(198		)	(6.5	)	(75		)	(2.6	)
	42,192		42,191		43,879		40,708		40,295		1			—		1,897			4.7
Income before income tax expense	54,046		35,112		31,969		42,649		43,738		18,934			53.9		10,308			23.6
Income tax expense	11,225		7,275		6,207		27,989		15,029		3,950			54.3		(3,804		)	(25.3	)
Net income	$	42,821	$	27,837	$	25,762	$	14,660	$	28,709	$	14,984		53.8	%	$	14,112		49.2	%

N/M - Not meaningful

11

LegacyTexas Financial Group, Inc.

Selected Quarterly Financial Highlights (unaudited)

	At or For the Quarters Ended
	September 30, 2018			June 30, 2018			September 30, 2017
SHARE DATA:	(Dollars in thousands, except per share amounts)
Weighted average common shares outstanding- basic	47,105,655			47,000,405			46,664,233
Weighted average common shares outstanding- diluted	47,755,441			47,618,157			47,158,729
Shares outstanding at end of period	48,491,169			48,311,220			48,040,059
Income available to common shareholders1	$	42,672		$	27,770		$	28,617
Basic earnings per common share	0.91			0.59			0.61
Basic core (non-GAAP) earnings per common share2	0.92			0.59			0.61
Diluted earnings per common share	0.89			0.58			0.61
Dividends declared per share	0.16			0.16			0.15
Total shareholders' equity	1,039,599			1,001,450			950,092
Common shareholders' equity per share (book value per share)	21.44			20.73			19.78
Tangible book value per share - Non-GAAP2	17.75			17.03			16.05
Market value per share for the quarter:
High	46.86			43.92			39.92
Low	38.53			38.80			34.87
Close	42.60			39.02			39.92
KEY RATIOS:
Return on average common shareholders' equity	16.76		%	11.20		%	12.21		%
Core (non-GAAP) return on average common shareholders' equity2	16.90			11.25			12.11
Return on average assets	1.87			1.24			1.29
Core (non-GAAP) return on average assets2	1.88			1.24			1.28
Efficiency ratio (GAAP basis)	42.66			44.51			44.19
Core (non-GAAP) efficiency ratio2	42.46			44.44			44.37
Estimated Tier 1 common equity risk-based capital ratio3	10.46			9.78			9.17
Estimated total risk-based capital ratio3	12.88			12.14			11.61
Estimated Tier 1 risk-based capital ratio3	10.60			9.93			9.32
Estimated Tier 1 leverage ratio3	9.83			9.56			9.01
Total equity to total assets	11.45			10.83			10.48
Tangible equity to tangible assets - Non-GAAP2	9.67			9.07			8.67
Number of employees- full-time equivalent	859			847			864

¹  Net of distributed and undistributed earnings to participating securities.

²  See the section labeled "Supplemental Information - Non-GAAP Financial Measures" at the end of this document.

³  Calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve.

12

LegacyTexas Financial Group, Inc.

Selected Loan Data (unaudited)

	At or for the Quarter Ended
	September 30, 2018			June 30, 2018			March 31, 2018			December 31, 2017			September 30, 2017
Loans held for investment:	(Dollars in thousands)
Commercial real estate	$	3,012,352		$	3,021,148		$	3,053,750		$	3,019,339		$	3,016,533
Warehouse Purchase Program	1,054,505			1,291,129			1,019,840			1,320,846			1,360,219
Commercial and industrial	2,111,510			2,051,955			1,967,443			1,927,049			1,842,345
Construction and land	278,278			265,745			252,213			277,864			282,536
Consumer real estate	1,318,038			1,287,703			1,252,433			1,213,434			1,197,911
Other consumer	43,874			44,588			43,284			45,506			46,277
Gross loans held for investment	$	7,818,557		$	7,962,268		$	7,588,963		$	7,804,038		$	7,745,821
Non-performing assets:
Commercial real estate	$	3,739		$	3,656		$	3,748		$	4,134		$	4,064
Commercial and industrial	7,178			10,225			40,455			84,003			65,560
Consumer real estate	6,617			5,652			5,548			6,190			7,175
Other consumer	50			77			85			76			116
Total non-performing loans	17,584			19,610			49,836			94,403			76,915
Foreclosed assets	698			7,341			8,160			8,432			13,585
Total non-performing assets	$	18,282		$	26,951		$	57,996		$	102,835		$	90,500
Total non-performing assets to total assets	0.20		%	0.29		%	0.65		%	1.13		%	1.00		%
Total non-performing loans to total loans held for investment, excluding Warehouse Purchase Program loans	0.26		%	0.29		%	0.76		%	1.46		%	1.20		%
Total non-performing loans to total loans held for investment	0.22		%	0.25		%	0.66		%	1.21		%	0.99		%
Allowance for loan losses to non-performing loans	377.35		%	328.63		%	149.51		%	75.53		%	91.07		%
Allowance for loan losses to total loans held for investment, excluding Warehouse Purchase Program loans	0.98		%	0.97		%	1.13		%	1.10		%	1.10		%
Allowance for loan losses to total loans held for investment	0.85		%	0.81		%	0.98		%	0.91		%	0.90		%
Allowance for loan losses to total loans held for investment, excluding acquired loans and Warehouse Purchase Program loans 1	1.03		%	1.02		%	1.20		%	1.17		%	1.17		%

13

	At or for the Quarter Ended
	September 30, 2018			June 30, 2018			March 31, 2018			December 31, 2017			September 30, 2017
Troubled debt restructured loans ("TDRs"):				(Dollars in thousands)
Performing TDRs:
Commercial real estate	$	139		$	141		$	143		$	145		$	147
Commercial and industrial	—			—			1			2			—
Consumer real estate	786			561			574			600			263
Other consumer	4			9			14			21			20
Total performing TDRs	$	929		$	711		$	732		$	768		$	430
Non-performing TDRs:2
Commercial real estate	$	3,605		$	33		$	35		$	36		$	37
Commercial and industrial	2,299			2,095			16,183			16,328			7,984
Consumer real estate	495			789			890			916			1,343
Other consumer	2			7			9			14			25
Total non-performing TDRs	$	6,401		$	2,924		$	17,117		$	17,294		$	9,389
Allowance for loan losses:
Balance at beginning of period	$	64,445		$	74,508		$	71,301		$	70,044		$	75,091
Provision expense for loans	2,700			17,600			15,635			3,900			7,300
Charge-offs	(922		)	(27,737		)	(12,527		)	(2,840		)	(12,496		)
Recoveries	131			74			99			197			149
Balance at end of period	$	66,354		$	64,445		$	74,508		$	71,301		$	70,044
Net charge-offs (recoveries):
Commercial real estate	$	—		$	236		$	3		$	—		$	—
Commercial and industrial	537			27,261			12,214			2,386			12,215
Consumer real estate	47			(9		)	(11		)	36			(10		)
Other consumer	207			175			222			221			142
Total net charge-offs	$	791		$	27,663		$	12,428		$	2,643		$	12,347
Allowance for off-balance sheet lending-related commitments
Provision expense (benefit) for credit losses	$	(44	)	$	(122	)	$	28		$	(157	)	$	(143	)

¹  Excludes loans acquired in previous bank acquisitions, which were initially recorded at fair value.

²  Non-performing TDRs are included in the non-performing assets reported above.

14

LegacyTexas Financial Group, Inc.

Average Balances and Yields/Rates (unaudited)

	For the Quarters Ended
	September 30, 2018			June 30, 2018			March 31, 2018			December 31, 2017			September 30, 2017
Loans:	(Dollars in thousands)
Commercial real estate	$	3,016,889		$	3,055,139		$	2,993,024		$	3,030,778		$	2,854,343
Warehouse Purchase Program	1,097,879			1,075,262			965,320			1,162,890			1,192,920
Commercial and industrial	2,088,318			2,002,490			1,904,515			1,864,686			1,850,645
Construction and land	271,829			260,560			270,899			287,965			279,189
Consumer real estate	1,295,353			1,265,751			1,227,556			1,206,371			1,176,955
Other consumer	44,508			43,779			44,891			46,094			47,169
Less: deferred fees and allowance for loan loss	(55,974		)	(66,746		)	(62,666		)	(65,612		)	(70,048		)
Total loans held for investment	7,758,802			7,636,235			7,343,539			7,533,172			7,331,173
Loans held for sale	26,121			29,378			20,988			20,642			23,154
Securities	678,483			667,183			648,534			648,917			652,841
Overnight deposits	272,670			233,335			239,936			223,608			444,310
Total interest-earning assets	$	8,736,076		$	8,566,131		$	8,252,997		$	8,426,339		$	8,451,478
Deposits:
Interest-bearing demand	$	760,889		$	954,960		$	970,998		$	925,506		$	875,097
Savings and money market	2,654,990			2,578,205			2,745,192			2,911,726			2,857,790
Time	1,683,475			1,632,697			1,433,307			1,353,467			1,418,108
FHLB advances and other borrowings	1,154,079			1,018,945			877,502			1,007,747			1,178,031
Total interest-bearing liabilities	$	6,253,433		$	6,184,807		$	6,026,999		$	6,198,446		$	6,329,026
Total assets	$	9,167,607		$	8,996,036		$	8,682,461		$	8,865,517		$	8,889,914
Non-interest-bearing demand deposits	$	1,752,095		$	1,694,082		$	1,576,792		$	1,568,665		$	1,481,654
Total deposits	$	6,851,449		$	6,859,944		$	6,726,289		$	6,759,364		$	6,632,649
Total shareholders' equity	$	1,022,032		$	994,574		$	973,187		$	963,512		$	940,606

15

	For the Quarters Ended
	September 30, 2018		June 30, 2018		March 31, 2018		December 31, 2017		September 30, 2017
Yields/Rates:
Loans:
Commercial real estate	5.15	%	5.09	%	5.09	%	5.05	%	5.06	%
Warehouse Purchase Program	4.68	%	4.53	%	4.23	%	3.95	%	3.82	%
Commercial and industrial	5.78	%	5.71	%	5.27	%	4.89	%	5.00	%
Construction and land	5.41	%	5.35	%	5.17	%	5.04	%	5.16	%
Consumer real estate	4.67	%	4.66	%	4.56	%	4.54	%	4.54	%
Other consumer	5.81	%	5.74	%	5.62	%	5.67	%	5.64	%
Total loans held for investment	5.22	%	5.16	%	4.98	%	4.81	%	4.81	%
Loans held for sale	4.52	%	4.46	%	4.04	%	3.92	%	3.89	%
Securities	2.66	%	2.59	%	2.51	%	2.45	%	2.36	%
Overnight deposits	1.99	%	1.89	%	1.64	%	1.42	%	1.36	%
Total interest-earning assets	4.92	%	4.87	%	4.69	%	4.53	%	4.44	%
Deposits:
Interest-bearing demand	0.65	%	0.88	%	0.81	%	0.71	%	0.67	%
Savings and money market	0.92	%	0.79	%	0.75	%	0.70	%	0.68	%
Time	1.80	%	1.62	%	1.43	%	1.21	%	1.10	%
FHLB advances and other borrowings	2.55	%	2.49	%	2.32	%	1.95	%	1.76	%
Total interest-bearing liabilities	1.43	%	1.30	%	1.15	%	1.02	%	0.97	%
Net interest spread	3.49	%	3.57	%	3.54	%	3.51	%	3.47	%
Net interest margin	3.90	%	3.93	%	3.85	%	3.78	%	3.71	%
Cost of deposits (including non-interest-bearing demand)	0.87	%	0.80	%	0.73	%	0.64	%	0.61	%

16

LegacyTexas Financial Group, Inc.

Supplemental Information- Non-GAAP Financial Measures

(unaudited)

	At or For the Quarters Ended
	September 30, 2018		June 30, 2018		March 31, 2018			December 31, 2017		September 30, 2017
	(Dollars in thousands, except per share amounts)
Reconciliation of Core (non-GAAP) to GAAP Net Income and Earnings per Share (net of estimated tax, except as otherwise noted)
GAAP net income available to common shareholders1	$	42,672	$	27,770	$	25,687		$	14,613	$	28,617
Distributed and undistributed earnings to participating securities1	149		67		75			47		92
GAAP net income	42,821		27,837		25,762			14,660		28,709
Insurance settlement proceeds from pre-acquisition fraud2	—		—		(1,778		)	—		—
One-time employee bonus related to tax law change2	—		—		537			—		—
(Gain) loss on one-time tax adjustments3	—		—		—			13,493		—
(Gain) loss on sale of branch locations and land2	372		126		—			—		(237		)
Core (non-GAAP) net income	$	43,193	$	27,963	$	24,521		$	28,153	$	28,472
Average shares for basic earnings per share	47,105,655		47,000,405		46,872,333			46,729,160		46,664,233
Basic GAAP earnings per share	$	0.91	$	0.59	$	0.55		$	0.31	$	0.61
Basic core (non-GAAP) earnings per share	$	0.92	$	0.59	$	0.52		$	0.60	$	0.61
Average shares for diluted earnings per share	47,755,441		47,618,157		47,564,587			47,290,308		47,158,729
Diluted GAAP earnings per share	$	0.89	$	0.58	$	0.54		$	0.31	$	0.61
Diluted core (non-GAAP) earnings per share	$	0.90	$	0.59	$	0.52		$	0.60	$	0.60
Reconciliation of Core (non-GAAP) to GAAP Non-Interest Income and Non-interest Expense (gross of tax)
GAAP non-interest income	$	13,227	$	10,852	$	12,898		$	6,901	$	12,226
Insurance settlement proceeds from pre-acquisition fraud	—		—		(2,250		)	—		—
(Gain) loss on sale of branch locations and land	471		160		—			—		(365		)
Core (non-GAAP) non-interest income	$	13,698	$	11,012	$	10,648		$	6,901	$	11,861
GAAP non-interest expense	$	42,192	$	42,191	$	43,879		$	40,708	$	40,295
One-time employee bonus related to tax law change	—		—		(679		)	—		—
Core (non-GAAP) non-interest expense	$	42,192	$	42,191	$	43,200		$	40,708	$	40,295

¹  Unvested share-based awards that contain nonforfeitable rights to dividends (whether paid or unpaid) are participating securities and are included in the computation of GAAP earnings per share pursuant to the two-class method described in ASC 260-10-45-60B.

²  2018 amounts calculated net of estimated tax using a tax rate of 21%; 2017 amount calculated net of estimated tax using a tax rate of 35%.

³  This one-time income tax expense adjustment consists of an adjustment to the Company's deferred tax asset related to the December 22, 2017 enactment of the Tax Cuts and Jobs Act.

17

	At or For the Quarters Ended
	September 30, 2018			June 30, 2018			March 31, 2018			December 31, 2017			September 30, 2017
Reconciliation of Core (non-GAAP) to GAAP Efficiency Ratio (gross of tax)				(Dollars in thousands)
GAAP efficiency ratio:
Non-interest expense	$	42,192		$	42,191		$	43,879		$	40,708		$	40,295
Net interest income plus non-interest income	98,894			94,781			91,511			87,100			91,190
Efficiency ratio- GAAP basis	42.66		%	44.51		%	47.95		%	46.74		%	44.19		%
Core (non-GAAP) efficiency ratio:
Core (non-GAAP) non-interest expense	$	42,192		$	42,191		$	43,200		$	40,708		$	40,295
Net interest income plus core (non-GAAP) non-interest income	99,365			94,941			89,261			87,100			90,825
Efficiency ratio- core (non-GAAP) basis	42.46		%	44.44		%	48.40		%	46.74		%	44.37		%
Calculation of Tangible Book Value per Share:
Total shareholders' equity	$	1,039,599		$	1,001,450		$	979,494		$	959,874		$	950,092
Less: Goodwill	(178,559		)	(178,559		)	(178,559		)	(178,559		)	(178,559		)
Identifiable intangible assets, net	(279		)	(313		)	(347		)	(402		)	(463		)
Total tangible shareholders' equity	$	860,761		$	822,578		$	800,588		$	780,913		$	771,070
Shares outstanding at end of period	48,491,169			48,311,220			48,264,966			48,117,390			48,040,059
Book value per share- GAAP	$	21.44		$	20.73		$	20.29		$	19.95		$	19.78
Tangible book value per share- Non-GAAP	17.75			17.03			16.59			16.23			16.05
Calculation of Tangible Equity to Tangible Assets:
Total assets	$	9,082,792		$	9,249,086		$	8,865,624		$	9,086,196		$	9,068,612
Less: Goodwill	(178,559		)	(178,559		)	(178,559		)	(178,559		)	(178,559		)
Identifiable intangible assets, net	(279		)	(313		)	(347		)	(402		)	(463		)
Total tangible assets	$	8,903,954		$	9,070,214		$	8,686,718		$	8,907,235		$	8,889,590
Equity to assets- GAAP	11.45		%	10.83		%	11.05		%	10.56		%	10.48		%
Tangible equity to tangible assets- Non-GAAP	9.67			9.07			9.22			8.77			8.67
Calculation of Return on Average Assets and Return on Average Equity Ratios (GAAP and Core)
Net income	$	42,821		$	27,837		$	25,762		$	14,660		$	28,709
Core (non-GAAP) net income	43,193			27,963			24,521			28,153			28,472
Average total equity	1,022,032			994,574			973,187			963,512			940,606
Average total assets	9,167,607			8,996,036			8,682,461			8,865,517			8,889,914
Return on average common shareholders' equity	16.76		%	11.20		%	10.59		%	6.09		%	12.21		%
Core (non-GAAP) return on average common shareholders' equity	16.90			11.25			10.08			11.69			12.11
Return on average assets	1.87			1.24			1.19			0.66			1.29
Core (non-GAAP) return on average assets	1.88			1.24			1.13			1.27			1.28

18

EX-99.2

EXHIBIT 99.2

FOR IMMEDIATE RELEASE

October 16, 2018

Contact: Investor Inquiries:

Kimberly Whitaker

972-801-5871/shareholderrelations@legacytexasfinancialgroup.com

Media Inquiries:

Jennifer Dexter

972-461-7157/Jennifer.Dexter@legacytexas.com

LegacyTexas Financial Group, Inc. Announces Declaration of

Quarterly Cash Dividend

PLANO, Texas, October 16, 2018 --LegacyTexas Financial Group, Inc. (Nasdaq: LTXB) (the “Company”), the holding company for LegacyTexas Bank, today announced a quarterly cash dividend of $0.22 per share. The cash dividend is payable on November 9, 2018 to stockholders of record as of the close of business on October 29, 2018.

About LegacyTexas Financial Group, Inc.

LegacyTexas Financial Group, Inc. is the holding company for LegacyTexas Bank, a commercially oriented community bank based in Plano, Texas. LegacyTexas Bank operates 43 banking offices in the Dallas/Fort Worth Metroplex and surrounding counties. For more information, please visit www.LegacyTexasFinancialGroup.com.

When used in filings by LegacyTexas Financial Group, Inc. (the "Company”) with the Securities and Exchange Commission (the “SEC”), in the Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “intends” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, including, among other things: the expected cost savings, synergies and other financial benefits from acquisition or disposition transactions might not be realized within the expected time frames or at all and costs or difficulties relating to integration matters might be greater than expected; changes in economic conditions; legislative changes; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; fluctuations in the price of oil, natural gas and other commodities; competition; changes in management’s business strategies and other factors set forth in the Company's filings with the SEC.

The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

EX-99.3

EXHIBIT 99.3 Third Quarter 2018 Investor Presentation October 17, 2018

THIRD QUARTER 2018 Safe harbor statement When used in filings by LegacyTexas Financial Group, Inc. (the "Company”) with the Securities and Exchange Commission (the “SEC”), in the Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “intends” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, including, among other things: the expected cost savings, synergies and other financial benefits from acquisition or disposition transactions might not be realized within the expected time frames or at all and costs or difficulties relating to integration matters might be greater than expected; changes in economic conditions; legislative changes; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; fluctuations in the price of oil, natural gas and other commodities; competition; changes in management’s business strategies; changes in the regulatory and tax environments in which the Company operates, including the impact of the "Tax Cuts and Jobs Act" (the "TCJA") on the Company's deferred tax asset, and the anticipated impact of the TCJA on the Company's future earnings; and other factors set forth in the Company's filings with the SEC. The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. 2

THIRD QUARTER 2018 Today’s presenters President and Chief Executive Officer • CEO and President of LegacyTexas Financial Group, Inc. • Former Chairman and Chief Executive Officer of Highlands Bancshares in 2010 • Former Chairman and Chief Executive Officer of Guaranty Bank in 2009 • 37+ years of Texas banking experience Kevin Hanigan Executive Vice President, Chief Financial Officer • Former Executive Vice President at LegacyTexas Bank • Senior management experience for retail branch, treasury management, human resources, marketing, mortgage, and wealth advisory functions • Certified Public Accountant, former national accounting and tax advisory firm experience • 25+ years of Texas banking experience Mays Davenport 3

THIRD QUARTER 2018 – FRANCHISE HIGHLIGHTS Key franchise highlights - Q3 2018 • #1 deposit market share among all banks in affluent Collin County • #2 deposit market share among Dallas-based banks1 in the attractive DFW market, which is North Texas home to 22 companies on the 2018 Fortune 500 list Focused • DFW hosts a diverse business environment across a broad set of industries, with 42% of employment in the service-providing sector and less than 1% in oil and gas2 • Net income was $42.8 million, up $15.0 million from Q2 2018 and up $14.1 million from Q3 2017. Q3 2018 basic EPS was $0.91 on a GAAP basis and $0.92 on a core (non-GAAP) basis3 • Core (non-GAAP) efficiency ratio improved to a record 42.46% for Q3 2018, compared to 44.44% for Q2 20183 Profitability • Core (non-GAAP) ROAA was an all-time high of 1.88% for Q3 2018, compared to 1.24% for Q2 20183 • Gross loans held for investment4 grew $92.9 million from Q2 2018, while non-interest- bearing demand deposits grew $76.7 million for the same period to 26.5% of total deposits • Non-performing assets declined by $8.7 million, or 32.2%, from Q2 2018, totaling $18.3 million at Q3 2018. Asset quality • Non-performing loans to total loans held for investment improved to 0.22% at Q3 2018, compared to 0.25% at Q2 2018 and 0.99% at Q3 2017. Profitability levered excess capital while maintaining strong capital levels Capital • TCE / TA3: 9.67% • Estimated Tier 1 common risk-based capital5: 10.46% Source: Company Documents 1 Includes banks headquartered in the Dallas-Fort Worth-Arlington MSA 2 Represents latest available data from the Bureau of Labor Statistics for the Dallas-Fort Worth-Arlington, TX MSA (i.e., data as of Q1 2018) 3 See the section labeled "Supplemental Information - Non-GAAP Financial Measures" 4 Excludes Warehouse Purchase Program loans and loans held for sale 5 Calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve 4

THIRD QUARTER 2018 – QUARTERLY HIGHLIGHTS Third quarter highlights ($ in millions except for per share data) Quarter ended September 30, June 30, September 30, 2017 2018 2018 Linked Q ∆ YOY ∆ Selected balance sheet data Gross loans held for investment1 $ 6,385.6 $ 6,671.1 $ 6,764.1 1.4 % 5.9 % Total deposits 6,760.4 6,881.3 6,779.8 (1.5)% 0.3 % Non-interest-bearing demand 1,529.1 1,721.4 1,798.1 4.5 % 17.6 % deposits Selected profitability data Net income $ 28.7 $ 27.8 $ 42.8 53.8 % 49.2 % Core net income2 28.5 28.0 43.2 54.5 % 51.7 % Basic EPS 0.61 0.59 0.91 54.2 % 49.2 % Core EPS2 0.61 0.59 0.92 55.9 % 50.8 % NIM 3.71% 3.93% 3.90% -3bps 19bps Core return on average equity2 12.11% 11.25% 16.90% 50.2 % 39.6 % Core return on average assets2 1.28% 1.24% 1.88% 51.6 % 46.9 % Core efficiency ratio2 44.37% 44.44% 42.46% (4.5)% (4.3)% Source: Company Documents 1 Excludes Warehouse Purchase Program loans 2 See the section labeled "Supplemental Information- Non-GAAP Financial Measures“ 5

THIRD QUARTER 2018 – BALANCE SHEET Commercially focused loan portfolio Gross loans held for investment1 at Q3 2018 grew $92.9 million from Q2 2018, which included linked-quarter increases in commercial and industrial, consumer real estate, and construction and land loans. Total Loans HFI1 $6,764 1 ($ in millions) $6,483 As of September 30, 2018 $5,970 $5,067 19.5% 4.1% $1,400 8.1% 0.7% Commercial RE $3,667 C&I (ex-energy) Energy $2,634 $2,050 23.1% C&D Consumer RE 2013Y 2014Y 2015Y 2016Y 2017Y 2018 Q3 44.5% Other Consumer Originated loans Acquired from LegacyTexas Group, Inc. 2 Quarterly yield on loans held for investment1: 5.27% Source: Company Documents 1 Excludes Warehouse Purchase Program loans 2 Represents balance acquired on January 1, 2015 6

THIRD QUARTER 2018 – ENERGY LENDING Energy lending Geographic Concentration of Reserves • Reserve-based energy portfolio at September 30, 2018 consisted of 60% 13% 20% crude oil reserves and 40% natural gas 5% R: 000 reserves 8% G: 048 • At September 30, 2018, 53 reserve- 3% 12% B: 135 based borrowers and 3 midstream 6% borrowers 8% 19% 6% • $449 million, or 77%, of our outstanding energy loans are backed by R: 111 private equity firms with significant Texas Panhandle Permian capital invested and additional equity Marcellus G: 162 Bakken commitments available Southern Appalachia B: 135 Eagle Ford Central/Southern Ark-La-Tex Louisiana Mid-Con Other Source: Company documents for loans managed by Energy Finance group 7

THIRD QUARTER 2018 – ENERGY LENDING Energy lending • Energy loans are all first liens • No unsecured commitments/exposure R: 000 SNC Breakout of Energy Loans Outstanding loan balances and related loan loss reserves G: 048 ($ in millions) B: 135 10% $34.8 $27.8 $15.4 $23.2 $547.4 7% $526.8 $531.7 $524.1 $28.7 $486.8 3.8% R: 111 3.3% 3.1% 3.0% 3.0% G: 162 B: 135 83% 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 Energy $18.4 $20.7 $17.0 $15.5 $17.2 Non-LTXB LTXB led SNC Direct and reserves Led SNC Club Deals Midstream Reserve-based Reserve % Source: Company documents for loans managed by Energy Finance group 8

THIRD QUARTER 2018 – ASSET QUALITY Asset quality NPAs at Q3 2018 declined by $8.7 million, or 32.2%, from Q2 2018, totaling $18.3 million; NPAs to total assets improved to 0.20% at Q3 2018, compared to 0.29% at Q2 2018 and 1.00% at Q3 2017. Total Non-performing Assets (including foreclosed assets) ($ in millions) $75.3 $74.4 R: 000 $67.6 G: 048 1.46% 1.43% 1.25% $58.4 B: 135 $51.0 1.13% 1.00% 0.70% 0.64% 0.65% $31.9 $26.6 $28.0 $27.5 $21.9 $21.9 $22.5 $20.0 0.29% $19.1 $18.6 0.20% $16.4 R: 111 $23.3 $15.1 $15.4 $22.7 $19.5 $19.5 $13.0 $12.9 $10.5 $10.5 $12.6 G: 162 $4.1 $1.4 $1.3 B: 135 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 All Other Loan Portfolios Corporate Healthcare Finance Oil and Gas Non-performing assets as a percent of total assets Source: Company documents 9

THIRD QUARTER 2018 – BALANCE SHEET Core funded, low cost deposit base Total deposits at September 30, 2018 decreased by $101.6 million from June 30, 2018, which was partially offset by growth of $76.7 million in non-interest-bearing demand deposits. Non-interest-bearing deposits totaled 26.5% of total deposits at September 30, 2018. Total Deposits ($ in millions) $6,768 $6,780 As of September 30, 2018 $6,365 $5,227 $1,628 26.5% 24.2% 26.5% Non-interest bearing-demand $3,599 24.2% Interest-bearing $2,658 22.4% $2,265 21.7% demand 18.2% Savings and 18.6% 11.5% money market 2013Y 2014Y 2015Y 2016Y 2017Y 2018 Q3 Time 37.8% Deposit 0.43% 0.34% 0.29% 0.43% 0.64% 0.87% Cost Originated Deposits Acquired from LegacyTexas Group, Inc1 Non-interest-bearing demand deposits as a percent of total deposits Source: Company Documents 1 Represents balance acquired on January 1, 2015 10

THIRD QUARTER 2018 – INCOME STATEMENT Net interest income • Net interest income for Q3 2018 increased $1.7 million from Q2 2018 and increased $6.7 million from Q3 2017. • The net interest margin for the third quarter of 2018 was 3.90%, a 3 basis point decrease from the second quarter of 2018 and a 19 basis point increase from the third quarter of 2017. R: 000 Net interest income and NIM G: 048 Net interest income ($mm) NIM B: 135 $311 $282 $241 3.90% 3.78% 3.81% R: 111 4.00% 3.71% G: 162 $133 3.79% B: 135 $79 $86 2014Y 2015Y 2016Y 2017Y 2017 Q3 2018 Q3 Source: Company Documents 11

THIRD QUARTER 2018 – INCOME STATEMENT Disciplined expense management GAAP efficiency ratio improved to a record 42.66% for Q3 2018, compared to 44.51% for Q2 2018, while core (non-GAAP) efficiency ratio improved to 42.46% for Q3 2018, compared to 44.44% for Q2 2018. On a linked-quarter basis, core non-interest income increased by $2.7 million, while core non-interest expense was unchanged from Q2 2018. Net interest income Core non-interest income Core non-interest expense Core efficiency ratio ($ in millions) $311 $282 $241 $160 $150 $156 52.5% 47.3% 45.4% 44.4% 42.5% $86 $45 $48 $42 $79 $40 $42 $12 $14 2015Y 2016Y 2017Y 2017 Q3 2018 Q3 Note: Core (non-GAAP) non-interest income, non-interest expense and efficiency ratio are adjusted for the impact of infrequent or non- recurring items. The reconciliation of non-GAAP measures, which the Company believes facilitates the assessment of its banking operations and peer comparability, is included in tabular form at the end of this presentation. 12

THIRD QUARTER 2018 – CAPITAL Prudent capital management TCE / TA1 Tier 1 common risk-based2 13.0% 15.1% 10.5% 9.7% 9.6% 9.4% 8.3% 8.6% 8.8% 9.1% 2014Y 2015Y 2016Y 2017Y 2018 Q3 2014Y 2015Y 2016Y 2017Y 2018 Q3 Tier 1 leverage2 13.9% 9.5% 9.8% 8.7% 9.2% 2014Y 2015Y 2016Y 2017Y 2018 Q3 Source: Company documents 1 See the section labeled "Supplemental Information- Non-GAAP Financial Measures“ 2 Calculated at the Company level, which is subject to the capital adequacy requirements of the Federal Reserve 13

THIRD QUARTER 2018 – INVESTMENT HIGHLIGHTS Key investment highlights One of the largest independent Texas financial services companies built upon a strong customer focus and a long history of serving Texans Commercially focused loan growth and disciplined expense management Growth balanced with disciplined underwriting and risk management Capital ratios remain strong; provides dry powder for robust organic growth 14

THIRD QUARTER 2018 – LOOKING AHEAD Looking ahead Expand our Texas footprint and solidify our deep-rooted culture Focus on growth – organically and through selective acquisitions Diversify income sources Prudent and focused expense management Maintain asset quality Strategic capital deployment 15

THIRD QUARTER 2018 – OUR VISION Manifesto We believe in our customers. Their goals. Their dreams. Their ambitions for tomorrow. And since 1952, we’ve been doing whatever it takes to support them as they advance in business and in life. We are responsive, accountable, trusted, experts at what we do. And we listen. Because we believe that true understanding is the first step toward bold, meaningful results. Fueled by an independent spirit, inspired by the ingenuity of our customers and grounded by the values of our community, we are a family like no other. We are LegacyTexas. 16

Appendix

Supplemental Information – Non-GAAP Financial Measures (unaudited) Reconciliation of Core (non-GAAP) to GAAP Net Income and Earnings per Share (net of tax): At or For the Quarter Ended September 30, June 30, March 31, December 31, September 30, 2018 2018 2018 2017 2017 (Dollars in thousands, except per share amounts) GAAP net income available to common shareholders 1 $ 42,672 $ 27,770 $ 25,687 $ 14,613 $ 28,617 Distributed and undistributed earnings to participating securities 1 149 67 75 47 92 Insurance settlement proceeds from pre-acquisition fraud — — (1,778) — — One-time employee bonus related to tax law change — — 537 — — (Gain) loss on one-time tax adjustments2 — — — 13,493 — (Gain) loss on sale of branch locations and land 372 126 — — (237) Core (non-GAAP) net income $ 43,193 $ 27,963 $ 24,521 $ 28,153 $ 28,472 Average shares for basic earnings per share 47,105,655 47,000,405 46,872,333 46,729,160 46,664,233 GAAP basic earnings per share $ 0.91 $ 0.59 $ 0.55 $ 0.31 $ 0.61 Core (non-GAAP) basic earnings per share 0.92 0.59 0.52 0.60 0.61 Average shares for diluted earnings per share 47,755,441 47,618,157 47,564,587 47,290,308 47,158,729 GAAP diluted earnings per share $ 0.89 $ 0.58 $ 0.54 $ 0.31 $ 0.61 Core (non-GAAP) diluted earnings per share 0.90 0.59 0.52 0.60 0.60 At or For the Year Ended December 31, 2017 2016 2015 2014 2013 GAAP net income available to common shareholders 1 $ 89,176 $ 97,324 $ 70,382 $ 30,942 $ 31,294 Distributed and undistributed earnings to participating securities 1 318 497 534 336 394 (Gain) loss on one-time tax adjustments2 13,493 — — — — Merger and acquisition costs — — 1,009 7,071 431 Net (gain) on sale of insurance subsidiary operations — (39) — — — (Gain) loss on sale of branch locations and land (1,084) (2,529) (190) — — Loss on sale of FHA loan portfolio — 969 — — — Valuation adjustment on mortgage servicing rights — — 121 — — One-time payroll and severance costs — — — 234 436 Core (non-GAAP) net income $ 101,903 $ 96,222 $ 71,856 $ 38,583 $ 32,555 Average shares for basic earnings per share 46,611,780 46,184,074 45,847,284 37,919,065 37,589,548 GAAP basic earnings per share $ 1.91 $ 2.11 $ 1.54 $ 0.82 $ 0.83 Core (non-GAAP) basic earnings per share 2.19 2.08 1.57 1.02 0.87 Average shares for diluted earnings per share 47,138,518 46,484,967 46,125,447 38,162,094 37,744,786 GAAP diluted earnings per share $ 1.89 $ 2.09 $ 1.53 $ 0.81 $ 0.83 Core (non-GAAP) diluted earnings per share 2.16 2.07 1.56 1.01 0.86 1 Unvested share-based awards that contain nonforfeitable rights to dividends (whether paid or unpaid) are participating securities and are included in the computation of GAAP earnings per share pursuant to the two-class method described in ASC 260-10-45-60B. 2 This one-time income tax expense adjustment consists of an adjustment to the Company's deferred tax asset related to the December 22, 2017 enactment of the Tax Cuts and Jobs Act. 18

Supplemental Information – Non-GAAP Financial Measures (unaudited) At or For the Quarter Ended September 30, June 30, March 31, December 31, September 30, 2018 2018 2018 2017 2017 (Dollars in thousands, except per share amounts) Reconciliation of Core (non-GAAP) to GAAP Non-Interest Income (gross of tax): GAAP non-interest income $ 13,227 $ 10,852 $ 12,898 $ 6,901 $ 12,226 Insurance settlement proceeds from pre-acquisition fraud — — (2,250) — — (Gain) loss on sale of branch locations and land 471 160 — — (365) Core (non-GAAP) non-interest income $ 13,698 $ 11,012 $ 10,648 $ 6,901 $ 11,861 Reconciliation of Core (non-GAAP) to GAAP Non-Interest Expense (gross of tax): GAAP non-interest expense $ 42,192 $ 42,191 $ 43,879 $ 40,708 $ 40,295 One-time employee bonus related to tax law change — — (679) — — Core (non-GAAP) non-interest income $ 42,192 $ 42,191 $ 43,200 $ 40,708 $ 40,295 Reconciliation of Core (non-GAAP) to GAAP Efficiency Ratio (gross of tax): GAAP efficiency ratio: Non-interest expense $ 42,192 $ 42,191 $ 43,879 $ 40,708 $ 40,295 Net interest income plus non-interest income 98,894 94,781 91,511 87,100 91,190 Efficiency ratio- GAAP basis 42.66% 44.51% 47.95% 46.74% 44.19% Core (non-GAAP) efficiency ratio: Core (non-GAAP) non-interest expense $ 42,192 $ 42,191 $ 43,200 $ 40,708 $ 40,295 Net interest income plus core (non-GAAP) non-interest income 99,365 94,941 89,261 87,100 90,825 Efficiency ratio- core (non-GAAP) basis 42.46% 44.44% 48.40% 46.74% 44.37% 19

Supplemental Information – Non-GAAP Financial Measures (unaudited) At or For the Year Ended December 31, 2017 2016 2015 Reconciliation of Core (non-GAAP) to GAAP Non-Interest Income and Expense (gross of tax): GAAP non-interest income $ 43,582 $ 51,931 $ 44,815 Net (gain) on sale of insurance subsidiary operations — (1,181) — (Gain) loss on sale of branch locations and land (1,669) (3,891) (293) Loss on sale of FHA loan portfolio — 1,491 — Valuation adjustment on mortgage servicing rights — — 186 Core (non-GAAP) non-interest income $ 41,913 $ 48,350 $ 44,708 GAAP non-interest expense $ 160,344 $ 156,377 $ 151,555 Merger and acquisition costs — — (1,553) Core (non-GAAP) non-interest expense $ 160,344 $ 156,377 $ 150,002 Reconciliation of Core (non-GAAP) to GAAP Efficiency Ratio (gross of tax): Net interest income $ 311,431 $ 282,269 $ 241,077 GAAP efficiency ratio: Non-interest expense $ 160,344 $ 156,377 $ 151,555 Net interest income plus non-interest income 355,013 334,200 285,892 Efficiency ratio- GAAP basis 45.17% 46.79% 53.01% Core (non-GAAP) efficiency ratio: Core (non-GAAP) non-interest expense $ 160,344 $ 156,377 $ 150,002 Net interest income plus core (non-GAAP) non-interest income 353,344 330,619 285,785 Efficiency ratio- core (non-GAAP) basis 45.38% 47.30% 52.49% 20

Supplemental Information – Non-GAAP Financial Measures (unaudited) Calculation of Tangible Book Value and Tangible Equity to Tangible Assets: At or For the Quarter Ended September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 Calculation of Tangible Book Value per share: (Dollars in thousands, except per share amounts) Total shareholders' equity $ 1,039,599 $ 1,001,450 $ 979,494 $ 959,874 $ 950,092 Less: Goodwill (178,559) (178,559) (178,559) (178,559) (178,559) Less: Identifiable intangible assets, net (279) (313) (347) (402) (463) Total tangible shareholders' equity $ 860,761 $ 822,578 $ 800,588 $ 780,913 $ 771,070 Shares outstanding at end of period 48,491,169 48,311,220 48,264,966 48,117,390 48,040,059 Book value per share- GAAP $ 21.44 $ 20.73 $ 20.29 $ 19.95 $ 19.78 Tangible book value per share- Non-GAAP 17.75 17.03 16.59 16.23 16.05 Calculation of Tangible Equity to Tangible Assets: Total assets $ 9,082,792 $ 9,249,086 $ 8,865,624 $ 9,086,196 $ 9,068,612 Less: Goodwill (178,559) (178,559) (178,559) (178,559) (178,559) Less: Identifiable intangible assets, net (279) (313) (347) (402) (463) Total tangible assets $ 8,903,954 $ 9,070,214 $ 8,686,718 $ 8,907,235 $ 8,889,590 Equity to assets- GAAP 11.45% 10.83% 11.05% 10.56% 10.48% Tangible equity to tangible assets- Non-GAAP 9.67% 9.07% 9.22% 8.77% 8.67% At or For the Year Ended December 31, 2016 2015 2014 2013 Calculation of Tangible Book Value per share: Total shareholders' equity $ 885,365 $ 804,076 $ 568,223 $ 544,460 Less: Goodwill (178,559) (180,776) (29,650) (29,650) Less: Identifiable intangible assets, net (665) (1,030) (813) (1,239) Total tangible shareholders' equity $ 706,141 $ 622,270 $ 537,760 $ 513,571 Shares outstanding at end of period 47,876,198 47,645,826 40,014,851 39,938,816 Book value per share- GAAP $ 18.49 $ 16.88 $ 14.20 $ 13.63 Tangible book value per share- Non-GAAP 14.75 13.06 13.44 12.86 Calculation of Tangible Equity to Tangible Assets: Total assets $ 8,362,255 $ 7,691,940 $ 4,164,114 $ 3,525,232 Less: Goodwill (178,559) (180,776) (29,650) (29,650) Less: Identifiable intangible assets, net (665) (1,030) (813) (1,239) Total tangible assets $ 8,183,031 $ 7,510,134 $ 4,133,651 $ 3,494,343 Equity to assets- GAAP 10.59% 10.45% 13.65% 15.44% Tangible equity to tangible assets- Non-GAAP 8.63% 8.29% 13.01% 14.70% 21

Supplemental Information – Non-GAAP Financial Measures (unaudited) At or For the Quarter Ended September 30, 2018 June 30, 2018 March 31, 2018 December 31, 2017 September 30, 2017 (Dollars in thousands, except per share amounts) Calculation of Return on Average Assets and Return on Average Equity Ratios (GAAP and core) Net income $ 42,821 $ 27,837 $ 25,762 $ 14,660 $ 28,709 Core (non-GAAP) net income 43,193 27,963 24,521 28,153 28,472 Average total equity 1,022,032 994,574 973,187 963,512 940,606 Average total assets 9,167,607 8,996,036 8,682,461 8,865,517 8,889,914 Return on average common shareholders' equity 16.76% 11.20% 10.59% 6.09% 12.21% Core (non-GAAP) return on average common shareholders' equity 16.90 11.25 10.08 11.69 12.11 Return on average assets 1.87 1.24 1.19 0.66 1.29 Core (non-GAAP) return on average assets 1.88 1.24 1.13 1.27 1.28 22