Prosperity Bancshares, Inc. (PB)
| Market Cap | 6.00B |
| Revenue (ttm) | 1.09B |
| Net Income (ttm) | 419.32M |
| Shares Out | 93.53M |
| EPS (ttm) | 4.51 |
| PE Ratio | 14.22 |
| Forward PE | 12.46 |
| Dividend | $2.24 (3.49%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 805,182 |
| Open | 65.15 |
| Previous Close | 65.08 |
| Day's Range | 63.24 - 65.15 |
| 52-Week Range | 49.60 - 68.88 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 69.08 (+7.72%) |
| Earnings Date | Apr 24, 2024 |
About PB
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; ... [Read more]
Financial Performance
In 2023, PB's revenue was $1.09 billion, a decrease of -5.15% compared to the previous year's $1.15 billion. Earnings were $419.32 million, a decrease of -20.06%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for PB stock is "Buy." The 12-month stock price forecast is $69.08, which is an increase of 7.72% from the latest price.
News
PROSPERITY BANCSHARES, INC.® REPORTS FIRST QUARTER 2024 EARNINGS
Net income of $110.4 million and diluted earnings per share of $1.18 for first quarter 2024 Loans, excluding Warehouse Purchase Program loans and loans acquired in the merger of First Bancshares of Te...
PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDEND
HOUSTON , April 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 secon...
PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH LONE STAR STATE BANCSHARES, INC.
HOUSTON , April 1, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of Lone Star State ...
PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS FIRST QUARTER 2024 EARNINGS CONFERENCE CALL
HOUSTON , March 27, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) First Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, April 24,...
PROSPERITY BANCSHARES RECEIVES REGULATORY APPROVALS FOR LONE STAR STATE BANCSHARES, INC. ACQUISITION
HOUSTON, March 19, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank®, today announced that it has received all regulatory approvals necessary to comp...
Prosperity Bancshares CEO David Zalman expects growth in the second half of 2024
Prosperity Bancshares CEO David Zalman joins 'The Exchange' to discuss loan activity, the health of the bank's balance sheet, and more.
PROSPERITY BANCSHARES, INC.® REPORTS FOURTH QUARTER 2023 EARNINGS
Net income of $95.5 million and diluted earnings per share of $1.02 for fourth quarter 2023; excluding the FDIC special assessment of $19.9 million and merger related expenses, net income was $111.4 m...
PROSPERITY BANCSHARES, INC.® ANNOUNCES STOCK REPURCHASE PROGRAM
HOUSTON , Jan. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (the "Company") (NYSE: PB), the parent company of Prosperity Bank®, today announced that its Board of Directors authorized a stock ...
PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL
HOUSTON , Dec. 27, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Fourth Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, January 2...
PROSPERITY BANCSHARES, INC.® INCREASES COMMON STOCK DIVIDEND
HOUSTON , Oct. 18, 2023 /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 fourth...
PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS THIRD QUARTER 2023 EARNINGS CONFERENCE CALL
HOUSTON , Sept. 27, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Third Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, October 2...
Regional banks facing credit losses for commercial real estate: Moody's study
A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.
Moody's downgrades string of smaller mid-sized banks
Moody's analysts issued downgrades on a string of small and mid-sized banks. Should investors be worried about a theme developing in the greater banking landscape?
Quotes - U.S. bank stocks slide after Moody's ratings downgrade
U.S. bank shares slid on Tuesday after Moody's downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation's biggest lenders, sparking concerns about th...
Moody's says US banks are still strong despite downgrades
Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.
10 regional banks expected to buck a weak industry trend
Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen o...
Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice
Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
Factbox: Major US banks downgraded by Moody's on worsening outlook
Ratings agency Moody's on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.
PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS SECOND QUARTER 2023 EARNINGS CONFERENCE CALL
HOUSTON , June 28, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Second Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, July 26, ...
Regional banks are great investments for a two- or three-year time-horizon, says Sandy Villere
Sandy Villere, partner and portfolio manager at Villere & Co., joins 'The Exchange' to discuss opportunities in regional banks and investing in money market accounts.
Bank woes are about confidence, not credit issues: Prosperity Bancshares CEO David Zalman
David Zalman, Prosperity Bancshares senior chairman and CEO, joins 'Squawk on the Street' to discuss how Zalman's navigated the regional bank turmoil, what needs to be done to instill further confiden...
PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH FIRST BANCSHARES OF TEXAS, INC.
HOUSTON , May 1, 2023 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of First Bancshares o...