Prosperity Bancshares, Inc. (PB)

Prosperity Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,287	1,149	831.19	869.91	975.9	621.44
Interest Income on Investments	302.53	295.55	263.65	177.02	168.02	211.5
Total Interest Income	1,589	1,445	1,095	1,047	1,144	832.94
Interest Paid on Deposits	391.54	272.35	68.11	52.91	102.5	111.39
Interest Paid on Borrowings	201.95	215.77	21.49	0.7	10.68	25.78
Total Interest Expense	593.5	488.11	89.6	53.62	113.18	137.17
Net Interest Income	995.7	956.43	1,005	993.31	1,031	695.77
Net Interest Income Growth (YoY)	2.06%	-4.85%	1.20%	-3.63%	48.14%	10.51%
Trust Income	14.6	13.27	12.25	10.28	9.6	10.23
Mortgage Banking Activities	2.86	2.3	1.4	8.3	10.78	5.01
Gain (Loss) on Sale of Assets	2.16	1.99	3.93	1.1	-5.53	-1.81
Gain (Loss) on Sale of Investments	11.25	-	-	-	-	-
Other Non-Interest Income	68.68	74.66	68.05	61.22	61.59	63.39
Total Non-Interest Income	162.54	153.27	145.13	139.97	131.53	124.28
Non-Interest Income Growth (YoY)	5.26%	5.61%	3.69%	6.41%	5.84%	7.13%
Revenues Before Loan Losses	1,158	1,110	1,150	1,133	1,162	820.05
Provision for Loan Losses	9.07	18.54	-	-	20	4.3
Revenue	1,149	1,091	1,150	1,133	1,142	815.75
Revenue Growth (YoY)	3.39%	-5.15%	1.51%	-0.79%	40.03%	11.86%
Salaries and Employee Benefits	332.03	316.25	302.95	297.98	296.66	215.74
Occupancy Expenses	42.69	41.7	39.51	38.68	39.57	30.5
Federal Deposit Insurance	46.52	40.17	11.38	10.64	9.86	8.61
Amortization of Goodwill & Intangibles	15.1	12.68	10.34	11.55	13.17	6.54
Selling, General & Administrative	41.33	41.92	38.87	39.38	42.27	30.69
Other Non-Interest Expense	98.55	89.69	80.99	77.61	87.52	58.13
Total Non-Interest Expense	576.48	541.57	483.91	473.62	489.22	350.14
EBT Excluding Unusual Items	572.7	549.59	666.45	659.65	653.05	465.61
Pretax Income	567.98	534.46	666.17	659.65	645.03	419.21
Income Tax Expense	123.19	115.14	141.66	140.36	116.13	86.66
Net Income	444.79	419.32	524.52	519.3	528.9	332.55
Net Income to Common	444.79	419.32	524.52	519.3	528.9	332.55
Net Income Growth	-3.67%	-20.06%	1.01%	-1.82%	59.04%	3.34%
Basic Shares Outstanding	95	93	92	93	93	74
Diluted Shares Outstanding	95	93	92	93	93	74
Shares Change (YoY)	2.52%	1.42%	-1.14%	-0.43%	26.57%	5.30%
EPS (Basic)	4.70	4.51	5.73	5.60	5.68	4.52
EPS (Diluted)	4.69	4.51	5.73	5.60	5.68	4.52
EPS Growth	-6.18%	-21.24%	2.25%	-1.41%	25.66%	-1.93%
Dividend Per Share	2.240	2.210	2.110	1.990	1.870	1.690
Dividend Growth	1.82%	4.74%	6.03%	6.42%	10.65%	13.42%
Effective Tax Rate	21.69%	21.54%	21.26%	21.28%	18.00%	20.67%

Source: S&P Capital IQ. Banks template. Financial Sources.