ViewPoint Financial Group, Inc. Reports Third Quarter 2011 Earnings MarketWatch (press release)
(The "Company"), the holding company for ViewPoint Bank, announced financial results today for the quarter ended September 30, 2011. Detailed results of the quarter will be available in the Company's Quarterly Report on Form 10-Q, which will be filed today and posted on our websites, http://www.viewpointbank.com and http://www.viewpointfinancialgroup.com .Performance Highlights
Linked quarter growth in Warehouse Purchase Program and commercial real estate drives $290.0 million increase in gross loans: Warehouse Purchase Program balances at September 30, 2011, increased by $258.8 million from June 30, 2011, primarily due to refinance and seasonal activity, while commercial real estate loan balances increased by $19.1 million.
Year over year and linked quarter increases in the net interest margin: The net interest margin increased six basis points to 2.87% for the quarter ended September 30, 2011, compared to the same period last year. This also represented a four basis point increase from 2.83% for the quarter ended June 30, 2011.
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