ViewPoint Financial Group, Inc. Reports Record Earnings for Fourth Quarter and Full Year 2010

ViewPoint Financial Group, Inc. VPFG (the "Company"), the holding company for ViewPoint Bank, announced financial results today for the quarter and year ended December 31, 2010. Detailed results of the year will be available in the Company's Annual Report on Form 10-K, which will be filed today and posted on our websites, http://www.viewpointbank.com and http://www.viewpointfinancialgroup.com. Performance Highlights Record Earnings: The Company recorded net income of $6.5 million during the fourth quarter of 2010 and $17.8 million for the year ended December 31, 2010, both of which are the highest in the Company's 58-year history. Improved margin: Due to improvements in our cost of funds, the Company's net interest margin improved to 2.98% for the quarter ended December 31, 2010, an increase of 17 basis points from the quarter ended September 30, 2010, and an increase of 21 basis points from the quarter ended December 31, 2009. Continued organic growth: In 2010, deposits increased by $220.9 million, or 12.3%, to $2.02 billion at December 31, 2010, while gross loans (including $492.0 million in mortgage loans held for sale) increased by $136.0 million, or 9.3%, to $1.60 billion at December 31, 2010. Strong capitalization: The Company raised gross proceeds of $198.6 million through its "second-step" conversion and stock offering, which concluded in July 2010. Asset quality outperforms peers: Non-performing assets to total assets remained low at 0.69% at December 31, 2010, compared to the SNL U.S. Bank and Thrift industry index of 2.48%. Net charge-offs declined by $513,000, or 32.3%, for the quarter ended December 31, 2010, compared to the same time last year, while net charge-offs for the year ended December 31, 2010, declined by $1.8 million, or 41.5%, compared to the year ended December 31, 2009.