Prosperity Bancshares

Prosperity Bancshares, Inc. is a holding company, which engages in the provision of financial products and solutions. It offers retail and commercial banking services such as deposits, online Internet banking, loan, investments, trust, and credit card to small and medium-sized businesses and consumers. The company was founded by Tracy T. Rudolph in 1983 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Prosperity Bancshares posts strong Q4 results, eyes loan growth

Prosperity Bancshares reported strong financial performance in Q4 2022, with solid return metrics and positive loan growth drivers.
Challenges include potential future stress related to oil and gas prices, M&A deal complexities, and managing deposit mix changes.
Opportunities lie in continued loan growth, NIM improvement, and strategic funding source optimization for enhanced performance.
The bank remains focused on maintaining customer relationships, managing risks effectively, and navigating regulatory caution in acquisitions.

Prosperity Bancshares posts strong Q1 earnings amidst strategic acquisitions

Prosperity Bancshares delivered a strong performance in Q1 2023, showcasing solid financial metrics and strategic acquisitions to drive growth. Despite challenges like deposit fluctuations and increased expenses, the company remains focused on enhancing shareholder value and operational efficiency.
With a commitment to maintaining underwriting standards, leveraging market opportunities, and optimizing post-merger integration, Prosperity Bancshares is poised to capitalize on opportunities in a changing economic landscape. The company's emphasis on long-term growth and profitability positions it well for future success.
Overall, Prosperity Bancshares' Q1 earnings call highlighted a resilient performance, strategic initiatives for growth, and a positive outlook on future prospects. By navigating challenges effectively and seizing opportunities in the market, the company aims to sustain its competitive edge and drive value for stakeholders.

Prosperity Bancshares reports Q2 earnings, eyes margin improvement and growth

Prosperity Bancshares navigated Q2 2023 with a focus on growth amidst merger impacts. While facing margin pressure and increased expenses, the company remains proactive in managing risks and enhancing efficiencies. Opportunities lie in margin improvement, strategic capital allocation, and operational enhancements.

Prosperity Bancshares reports Q3 earnings, eyes growth amid challenges

Prosperity Bancshares reported a mixed performance with a focus on reserve management, expense control, and growth opportunities.
Challenges include lower net interest margin, regulatory pressures, and commercial real estate credit quality concerns.
Opportunities exist in acquisitions, cost management, deposit growth strategies, and enhancing shareholder value.
The bank remains cautious in its approach, emphasizing strong reserves and efficient expense management for future growth.
Despite challenges, Prosperity Bancshares aims to leverage opportunities for growth and navigate industry dynamics effectively.
The call highlighted a strategic focus on balance sheet optimization, customer behavior changes, and regulatory compliance.

Prosperity Bancshares reports solid Q4 earnings amidst strategic growth focus

Prosperity Bancshares' Q4 performance reflects a mix of challenges and strengths, with a focus on improving margins and strategic growth opportunities.
Management's cautious approach to loan growth and emphasis on regulatory compliance and relationships with other banks underpin the company's stability.
Future opportunities lie in M&A activities, increasing dividends, and maintaining financial strength through robust reserves and capital.
Despite challenges like interest rate dynamics and regulatory burdens, Prosperity Bancshares remains optimistic about future growth and profitability.

Prosperity Bancshares reports strong Q1 earnings amidst Texas economic strength

Prosperity Bancshares delivered a strong Q1 performance with growth in net income and EPS. The bank showcased financial strength and stability, with a focus on managing challenges and pursuing growth opportunities.
Despite facing challenges like low rates and high equity requirements, the bank remains optimistic about future M&A prospects and revenue growth potential. Efforts to reduce nonperforming assets and maintain liquidity are ongoing.
Overall, Prosperity Bancshares' Q1 earnings call highlighted a resilient performance in a robust Texas economy, setting the stage for continued growth and strategic expansion in the banking sector.

Prosperity Bancshares posts solid Q2 results, eyes growth opportunities

Prosperity Bancshares delivered a strong financial performance in Q2 2024, driven by increased net interest income and strategic gains.
While facing challenges in credit quality and merger-related costs, the company's robust asset base and liquidity position it well for future growth.
Anticipated improvements in net interest margin and continued focus on shareholder value creation present promising opportunities for Prosperity Bancshares.

Prosperity Bancshares reports robust Q3 earnings, eyes M&A opportunities

Prosperity Bancshares delivered strong financial results in Q3 2024, showing growth in net income and improvements in key financial metrics. The company's focus on strategic opportunities for M&A and its confidence in increasing dividends reflect a positive outlook for future performance.

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Prosperity Bancshares, Inc. (NYSE:PB ) Q3 2022 Earnings Conference Call October 26, 2022 11:30 AM ET Company Participants Charlotte Rasche - EVP & General Counsel David Zalman - Senior Chairman & CEO Asylbek Osmonov - CFO Tim Timanus - Chairman Kevin Hanigan - President, COO & Director Randy Hester - SEVP & Chief Lending Officer Conference Call Participants Jennifer Demba - Truist Securities Brady Gailey - KBW David Rochester - Compass Point Ebrahim Poonawala - Bank of America Merrill Lynch Bill Carcache - Wolfe Research Bradley Milsaps - Piper Sandler & Co. Matthew Olney - Stephens Inc. Operator Good day, and welcome to the Prosperity Bancshares Third Quarter 2022 Earnings Conference Call. [Operator Instructions].

Prosperity Bancshares, Inc. (PB) Q3 2022 Earnings Call Transcript

Prosperity Bancshares (PB) delivered earnings and revenue surprises of -1.32% and 0.64%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Prosperity Bancshares (PB) Lags Q3 Earnings and Revenue Estimates

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Prosperity Bancshares, Inc. (PB), Brown & Brown, Inc. (BRO), SL Green Realty Corp. (SLG) and S&T Bancorp, Inc. (STBA) recently hiked dividends.

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Prosperity Bancshares, Inc. is a high-quality bank, which has a disciplined business strategy and thus it has repeatedly proved resilient to recessions. Prosperity Bancshares is trading at a nearly 10-year low price-to-earnings ratio of 12.6.

Prosperity Bancshares Is Trading At A Nearly 10-Year Low Valuation Level

HOUSTON and MIDLAND, Texas , Oct. 11, 2022 /PRNewswire/ -- Prosperity Bancshares, Inc. ® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank ® , and First Bancshares of Texas, Inc. ("First Bancshares"), the parent holding company of FirstCapital Bank of Texas, N.A. ("FirstCapital Bank"), headquartered in Midland, Texas, today jointly announced the signing of a definitive merger agreement pursuant to which Prosperity will acquire First Bancshares and FirstCapital Bank.

PROSPERITY BANCSHARES, INC.® TO ACQUIRE FIRST BANCSHARES OF TEXAS, INC.

HOUSTON and LUBBOCK, Texas , Oct. 11, 2022 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and Lone Star State Bancshares, Inc. ("Lone Star"), the parent company of Lone Star State Bank of West Texas ("Lone Star Bank"), headquartered in Lubbock, Texas, today jointly announced the signing of a definitive merger agreement pursuant to which Prosperity will acquire Lone Star and Lone Star Bank. Lone Star Bank operates five (5) banking offices in the West Texas area, including its main office in Lubbock, and one (1) banking center in each of Brownfield, Midland, Odessa and Big Spring, Texas.

PROSPERITY BANCSHARES, INC.® TO ACQUIRE LONE STAR STATE BANCSHARES, INC.

HOUSTON , Oct. 6, 2022 /PRNewswire/ --  Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank® (the "Bank"), has announced several changes to its Board of Directors. On October 4, 2022, Bruce W.

PROSPERITY BANCSHARES, INC.® ANNOUNCES DIRECTOR CHANGES

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HOUSTON , Sept. 29, 2022 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Third Quarter 2022 Earnings Announcement, scheduled before the market opens on Wednesday, October 26, 2022, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day.

PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS THIRD QUARTER 2022 EARNINGS CONFERENCE CALL

Prosperity Bancshares (PB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Prosperity Bancshares (PB) Upgraded to Buy: Here's What You Should Know

Prosperity Bancshares (PB) stock looks like a good investment option, given its strong fundamentals and decent growth prospects.

5 Reasons to Invest in Prosperity Bancshares (PB) Stock Now

Organic growth efforts supported by higher loans and rates, and improving deposit mix support Prosperity Bancshares' (PB) financials.

Prosperity Bancshares (PB) Aided by High Rates & Loans, Costs Up

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Here's Why Prosperity Bancshares (PB) is a Strong Momentum Stock

Higher revenues, increase in loan balance, rising rates and no provisions support Prosperity Bancshares' (PB) Q2 earnings.

Prosperity Bancshares (PB) Up on Q2 Earnings Beat, Higher Loans

Prosperity Bancshares, Inc. (NYSE:PB ) Q2 2022 Earnings Conference Call July 27, 2022 11:30 AM ET Company Participants Charlotte Rasche - Executive Vice President, General Counsel David Zalman - Senior Chairman and Chief Executive Officer Asylbek Osmonov - Chief Financial Officer Tim Timanus - Chairman Kevin Hanigan - President and Chief Operating Officer Conference Call Participants Jennifer Demba - Truist Securities Brett Rabatin - Hovde Group Brady Gailey - KBW Brad Milsaps - Piper Sandler Ebrahim Poonawala - Bank of America Dave Rochester - Compass Point Gary Tenner - D.A. Davidson Michael Rose - Raymond James John Armstrong - RBC Capital Markets Operator Good day, and welcome to the Prosperity Bancshares Second Quarter 2022 Earnings Conference Call.

Prosperity Bancshares, Inc. (PB) CEO David Zalman on Q2 2022 Results - Earnings Call Transcript

HOUSTON , June 29, 2022 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Second Quarter 2022 Earnings Announcement, scheduled before the market opens on Wednesday, July 27, 2022, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day.  Participants will include members of Prosperity's executive management team.

PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS SECOND QUARTER 2022 EARNINGS CONFERENCE CALL

Prosperity Bancshares (PB) reported earnings 30 days ago. What's next for the stock?

Prosperity Bancshares (PB) Up 6.7% Since Last Earnings Report: Can It Continue?

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Powell's indication of a continued rise in interest rates until inflation is restrained will likely benefit the margins of banks like SVB Financial (SIVB), Prosperity Bancshares (PB) and Hancock Whitney (HWC).

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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Prosperity Bancshares (PB) have what it takes?

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Prosperity Bancshares (PB) records a decline in revenues and marginally higher expenses in the first quarter of 2022.

Prosperity Bancshares (PB) Gains on Q1 Earnings Beat, Costs Up

Prosperity Bancshares, Inc. (NYSE:PB ) Q1 2022 Earnings Conference Call April 27, 2022 11:30 AM ET Company Participants Charlotte Rasche - Executive Vice President, General Counsel David Zalman - Senior Chairman and Chief Executive Officer Asylbek Osmonov - Chief Financial Officer Tim Timanus - Chairman Kevin Hanigan - President and Chief Operating Officer Eddie Safady - Vice Chairman Conference Call Participants Jennifer Demba - Truist Securities Dave Rochester - Compass Point Brad Milsaps - Piper Sandler Brady Gailey - KBW Brett Rabatin - Hovde Group Gary Tenner - D.A. Davidson Operator 00:06 Good day, and welcome to the Prosperity Bancshares First Quarter 2022 Earnings Conference Call.

Prosperity Bancshares, Inc. (PB) CEO David Zalman on Q1 2022 Results - Earnings Call Transcript

Prosperity Bancshares (PB) delivered earnings and revenue surprises of 3.10% and 1.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Prosperity Bancshares (PB) Q1 Earnings and Revenues Beat Estimates

- First quarter net income of $122.3 million and earnings per share (diluted) of $1.33 - Deposits increased $296.5 million or 1.0% (3.9% annualized) during the first quarter 2022 - Allowance for credit losses on loans and on off-balance sheet credit exposure of $315.1 million - Allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, of 1.71%(1) - Nonperforming assets remain low at 0.08% of first quarter average interest-earning assets - Return (annualized) on first quarter average assets of 1.29% - Returns (annualized) on first quarter average common equity of 7.54% and average tangible common equity of 15.30%(1) - Prosperity Bancshares was ranked Number 6 in Forbes' 2022 America's Best Banks HOUSTON , April 27, 2022 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income of  $122.3 million for the quarter ended March 31, 2022 compared with $133.3 million for the same period in 2021. Net income per diluted common share was $1.33 for the quarter ended March 31, 2022, compared with $1.44 for the same period in 2021, and the annualized return on first quarter average assets was 1.29%.

PROSPERITY BANCSHARES, INC.® REPORTS FIRST QUARTER 2022 EARNINGS

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Solid loan demand leading to improvement in NII is likely to have aided the Q1 performances of Northern Trust (NTRS), SouthState Corporation (SSB) and Prosperity Bancshares (PB).

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Prosperity Bancshares (PB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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