Completed the merger of Lone Star State Bancshares, Inc. on April 1, 2024 Net income of $111.6 million and diluted earnings per share of $1.17 for second quarter 2024 Net income of $116.6 million(1) and diluted earnings per share of $1.22(1), excluding merger related provision and expenses, gain on Visa Class B-1 stock exchange net of investment securities sales and FDIC special assessment Net interest margin increased 15 basis points to 2.94% during second quarter 2024 Loans increased $1.06 billion or 5.0% ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Prosperity Bancshares (PB) , which belongs to the Zacks Banks - Southwest industry, could be a great candidate to consider. This financial holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 1.73%. For the most recent quarter, Prosp ...

HOUSTON, July 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the third quarter of 2024, payable October 1, 2024, to shareholders of record as of September 13, 2024. Prosperity Bancshares, Inc.® As of March 31, 2024, Prosperity Bancshares, Inc.® is a $38.757 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consume ...

The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $290.55 million, up 5.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.45% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectiv ...

Prosperity Bancshares remains focused on its organic growth strategy. Though the company's net revenues dipped in 2023 and in the first quarter of 2024, the metric experienced a compound annual growth rate (CAGR) of 7.9% over the four years ended 2023. The growth was primarily driven by solid loan balances, strategic buyouts, and modest fee income growth. Similarly, earlier this year, WaFd Inc. (WAFD) acquired Luther Burbank Corporation. The acquisition will be almost 8% accretive to WAFD's earnings in fisc ...

Prosperity Bancshares in Focus Earnings growth looks solid for PB for this fiscal year. The Zacks Consensus Estimate for 2024 is $5 per share, representing a year-over-year earnings growth rate of 0.60%. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the curr ...

Prosperity Bancshares (NYSE:PB) is a Houston-based bank and was founded in 1983. Of the many small- to medium-sized banks that I deal with, I think this one is among the most attractive in terms of dividend. It has been growing its dividend for 20 years in a row, and the average cost of deposits is very low compared to that paid by peers. Since my last article, the net interest margin is finally recovering, and in the coming months the buyback may continue. The only negative note is the low growth in the lo ...

Prosperity Bancshares, Inc. (PB) remains well-poised for growth on the back of strategic buyouts, robust loans and deposits and efforts to bolster fee income. However, pressure on net interest margin (NIM) and weak mortgage income remain concerns. PB's organic growth strategy remains encouraging. Though the company's net revenues dipped in 2021, 2023 and the first quarter of 2024, the metric witnessed a 7.9% compound annual growth rate (CAGR) over the last four years ended 2023. This growth was primarily dr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 COMMISSION FILE NUMBER: 001-35388 PROSPERITY BANCSHARES, INC.® (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Prosperity Bank Plaza 4295 San Felipe, Houston, Texas 77027 (Address of principal executive offices ...

Prosperity Bancshares, Inc. (NYSE:PB) Q1 2024 Earnings Conference Call April 24, 2024 11:30 AM ET Company Participants Charlotte Rasche - EVP and General Counsel David Zalman - Senior Chairman and CEO Asylbek Osmonov - CFO Tim Timanus - Chairman Kevin Hanigan - President and COO Conference Call Participants Peter Winter - D.A. Davidson Michael Rose - Raymond James Dave Rochester - Compass Point Catherine Mealor - KBW Brandon King - Truist Manan Gosalia - Morgan Stanley Jared Shaw - Barclays Jon Arfstrom - R ...