Prosperity Bancshares (PB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Financial Performance - Prosperity Bancshares reported revenue of $307.61 million for the quarter ended December 2024, reflecting a 12.5% increase year-over-year [1] - Earnings per share (EPS) for the quarter was$ 1.37, up from $1.19 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of$ 302.8 million by 1.59% [1] - EPS also surpassed the consensus estimate of $1.33 by 3.01% [1] Key Metrics - Net Interest Margin (Tax Equivalent Basis) was 3.1%, matching the average estimate from six analysts [4] - Efficiency Ratio stood at 46.1%, better than the average estimate of 46.7% [4] - Net charge-offs to average loans were 0.1%, consistent with the average estimate [4] - Average balance of total interest-earning assets was$ 35.08 billion, exceeding the estimated $34.67 billion [4] - Total nonperforming assets were reported at$ 81.54 million, lower than the estimated $89.39 million [4] - Total nonperforming loans were$ 75.84 million, compared to the estimated $83.52 million [4] - Tier 1 Leverage Capital Ratio was 10.8%, slightly below the average estimate of 10.9% [4] - Tier 1 Risk-based Capital Ratio was 16.4%, above the estimated 15.8% [4] - Total Risk-based Capital Ratio was 17.7%, exceeding the estimated 17.2% [4] - Total Noninterest Income was$ 39.84 million, higher than the average estimate of $37.20 million [4] - Net Interest Income was$ 267.77 million, surpassing the average estimate of $265.02 million [4] - Net Interest Income (Tax Equivalent Basis) was$ 268.54 million, compared to the average estimate of $267.12 million [4] Stock Performance - Shares of Prosperity Bancshares have returned +6.2% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]