Welcome to our dedicated page for Prosperity Bancshares news (Ticker: PB), a resource for investors and traders seeking the latest updates and insights on Prosperity Bancshares stock.
Prosperity Bancshares Inc (NYSE: PB) is a Texas-based regional banking leader providing commercial and retail financial services across 300+ locations. This news hub delivers timely updates on strategic developments essential for monitoring the company's performance in competitive Southwest markets.
Key updates include: quarterly earnings results, branch network growth through mergers like Lone Star Bank, digital banking enhancements, and regulatory filings. Investors gain centralized access to material events influencing PB's market position and shareholder value.
Bookmark this page for verified updates on loan portfolio trends, community banking initiatives, and leadership changes. Our curated news feed ensures you stay informed about PB's operational milestones without promotional bias.
Prosperity Bancshares (NYSE: PB) reported strong Q1 2025 financial results with net income of $130.2 million, up 17.9% from Q1 2024. Earnings per share increased 16.1% to $1.37 compared to $1.18 in Q1 2024.
Key highlights include:
- Net interest margin rose 35 basis points to 3.14%
- Noninterest-bearing deposits reached $9.7 billion (34.5% of total deposits)
- Borrowings decreased by $500 million
- Nonperforming assets remained low at 0.24% of average interest-earning assets
- Return on average assets was 1.34%
The bank maintained strong asset quality with an allowance for credit losses of $386.7 million. Total assets stood at $38.765 billion, with loans at $21.978 billion and deposits at $28.027 billion as of March 31, 2025.
Prosperity Bancshares (NYSE: PB) has declared a quarterly common stock dividend of $0.58 per share for Q2 2025, payable July 1, 2025, to shareholders of record as of June 13, 2025.
The Houston-based regional financial holding company, valued at $39.567 billion as of December 31, 2024, operates 284 full-service banking locations across Texas and Oklahoma. The bank provides personal banking services, investments, digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management to consumers and small to medium-sized businesses.
The company's branch network includes:
- 65 locations in Houston area
- 62 in Dallas/Fort Worth area
- 31 in Central Texas
- 45 in West Texas
- 14 locations across Oklahoma
Prosperity Bancshares (NYSE: PB) has announced its First Quarter 2025 Earnings Conference Call, scheduled for April 23, 2025, at 11:30 AM Eastern Time. The earnings announcement will be released before market opens on the same day.
The company, as of December 31, 2024, is a $39.567 billion Houston-based regional financial holding company operating across Texas and Oklahoma. Prosperity maintains 284 full-service banking locations spread across various regions, including 65 in Houston, 62 in Dallas/Fort Worth, and multiple other locations throughout Texas and Oklahoma.
The bank offers comprehensive financial services including traditional deposit and loan products, digital banking solutions, credit and debit cards, mortgage services, treasury management, and wealth management services.
Prosperity Bancshares (NYSE: PB) reported strong Q4 2024 financial results with net income of $130.1 million, a 36.2% increase from Q4 2023. Earnings per diluted share reached $1.37, up 34.3% year-over-year. The bank's performance showed notable improvements with net interest margin increasing to 3.05%, up 30 basis points from Q4 2023.
Key highlights include noninterest-bearing deposits of $9.8 billion (34.5% of total deposits), a $700 million decrease in borrowings during Q4, and low nonperforming assets at 0.23% of average interest-earning assets. The bank maintained strong capital ratios with return on average assets of 1.31%, return on average common equity of 7.00%, and return on average tangible common equity of 13.50%.
The board approved a 2025 Stock Repurchase Program covering up to 5% of outstanding common stock. Additionally, the bank completed the merger with Lone Star State Bancshares on April 1, 2024, expanding its presence in West Texas with 5 new banking offices.
Prosperity Bancshares (NYSE: PB) has declared a quarterly common stock dividend of $0.58 per share for the first quarter of 2025. The dividend will be payable on April 1, 2025, to shareholders of record as of March 14, 2025.
The company, based in Houston, Texas, is a $40.115 billion regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity operates 285 full-service banking locations across Texas and Oklahoma, offering traditional deposit and loan products, digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management.
Prosperity Bancshares (NYSE: PB) has announced a significant stock repurchase program authorized by its Board of Directors. The program allows the company to repurchase up to 5% of its outstanding common stock, approximately 4.8 million shares, over a one-year period ending January 21, 2026.
The repurchases can be executed through open market transactions and may include trading plans under Rule 10b5-1. The program's implementation will depend on various factors including price, market conditions, and corporate requirements. The company maintains flexibility to suspend, modify, or terminate the program without prior notice.
Prosperity Bancshares, a $40.115 billion Texas-based financial holding company, operates 285 full-service banking locations across Texas and Oklahoma, providing personal banking services, investments, and financial solutions to consumers and small to medium-sized businesses.
Prosperity Bancshares (NYSE: PB) has announced its Fourth Quarter 2024 Earnings Conference Call, scheduled for January 29, 2025, at 11:30 AM Eastern Time. The company, a $40.115 billion Houston-based regional financial holding company as of September 30, 2024, operates 285 full-service banking locations across Texas and Oklahoma.
The bank provides personal banking services, investments, digital banking solutions, credit and debit cards, mortgage services, treasury management, and wealth management services to consumers and small to medium-sized businesses. Founded in 1983, Prosperity maintains a strong community banking philosophy, serving various regions including Houston, Dallas/Fort Worth, South Texas, East Texas, Central Texas, West Texas, Bryan/College Station, and Oklahoma.
Prosperity Bancshares reported Q3 2024 net income of $127.3 million, up from $112.2 million in Q3 2023. Earnings per diluted share increased to $1.34 from $1.20 year-over-year. The Board approved a 3.57% dividend increase to $0.58 for Q4 2024. Key highlights include: net interest margin increased 23 basis points to 2.95%; deposits grew by $154.5 million and loans by $60.0 million during Q3; noninterest-bearing deposits were $9.8 billion (34.9% of total deposits); and nonperforming assets remained low at 0.25% of average interest-earning assets. The company completed the Lone Star State Bancshares merger on April 1, 2024.
Prosperity Bancshares, Inc.® (NYSE: PB) has announced a quarterly common stock dividend increase for the fourth quarter of 2024. The Board of Directors declared a dividend of $0.58 per share, payable on January 2, 2025, to shareholders of record as of December 13, 2024. This represents a $0.02 per share or 3.57% increase from the previous quarter.
As of June 30, 2024, Prosperity Bancshares is a $39.762 billion Houston-based regional financial holding company. Founded in 1983, it provides personal banking services and investments to consumers and small to medium-sized businesses throughout Texas and Oklahoma. The company operates 287 full-service banking locations across various regions, offering traditional deposit and loan products, digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management.
Prosperity Bancshares, Inc.® (NYSE: PB) has announced its Third Quarter 2024 Earnings Conference Call, scheduled for Wednesday, October 23, 2024, at 11:30 AM Eastern Time (10:30 AM Central Time). The call will follow the earnings announcement, which is set to be released before the market opens on the same day. Participants can join the call via webcast at https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls or by phone using the provided numbers.
As of June 30, 2024, Prosperity Bancshares is a $39.762 billion Houston-based regional financial holding company. It operates 287 full-service banking locations across Texas and Oklahoma, offering personal banking services, investments, and financial solutions to consumers and small to medium-sized businesses. The company emphasizes community banking and provides a range of services including digital banking, credit and debit cards, mortgage services, treasury management, and wealth management.
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