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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Prosperity Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Prosperity Bancshares's position in the market.
Rhea-AI Summary
Prosperity Bancshares, Inc. reported a net income of $110.4 million and diluted earnings per share of $1.18 for the first quarter of 2024. Loans and deposits increased, nonperforming assets remain low, and the merger with Lone Star State Bancshares, Inc. was completed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
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Rhea-AI Summary
Prosperity Bancshares, Inc.® (NYSE: PB) declares a quarterly common stock dividend of $0.56 per share for Q2 2024, reinforcing its commitment to shareholders. The company, with a market cap of $38.548 billion, offers personal banking services and investments in Texas and Oklahoma. Founded in 1983, Prosperity focuses on community banking, providing a range of financial solutions. With 288 banking locations across various regions, Prosperity continues to expand its presence.
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Rhea-AI Sentiment
End-of-Day
0.51%
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Rhea-AI Summary
Prosperity Bancshares, Inc. completes the merger with Lone Star State Bancshares, Inc., including its subsidiary Lone Star State Bank of West Texas. The deal involved issuing 2,376,182 shares of Prosperity common stock and around $64.1 million in cash. Key executives from Lone Star will take on leadership roles in the combined organization. The operational integration is set for October 28, 2024.
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End-of-Day
-2.27%
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Rhea-AI Summary
Prosperity Bancshares, Inc.® (PB) announces First Quarter 2024 Earnings Conference Call on April 24, 2024. The $38.548 billion regional financial holding company offers personal banking and investment services in Texas and Oklahoma, focusing on community banking and financial solutions.
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Rhea-AI Sentiment
End-of-Day
1.11%
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Rhea-AI Summary
Prosperity Bancshares, Inc. (PB) receives regulatory approvals for the acquisition of Lone Star State Bancshares, Inc. The merger is expected to be effective on April 1, 2024, with key executives from Lone Star joining Prosperity Bank. Lone Star locations will operate under their name until October 28, 2024, when they will transition to Prosperity Bank's banking centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.62%
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Rhea-AI Summary
Prosperity Bancshares, Inc. reported a net income of $95.5 million for the fourth quarter of 2023, with diluted earnings per share of $1.02. Excluding special assessments and merger-related expenses, net income was $111.4 million and diluted earnings per share was $1.19. Loans increased by $2.259 billion during 2023, and noninterest-bearing deposits represented 36.0% of total deposits. The net interest margin increased to 2.75% in the fourth quarter of 2023. Nonperforming assets remained low at 0.21% of fourth quarter average interest-earning assets. The pending merger of Lone Star State Bancshares, Inc., Lubbock, Texas was approved, and a 2024 Stock Repurchase Program covering up to 5% of outstanding common stock was announced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
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Rhea-AI Summary
Prosperity Bancshares, Inc.® (NYSE: PB) declared a quarterly common stock dividend of $0.56 per share for Q1 2024, payable on April 1, 2024, to shareholders of record as of March 15, 2024. As of September 30, 2023, the company is a $39.296 billion regional financial holding company based in Houston, Texas, 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 various regions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
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Rhea-AI Summary
Prosperity Bancshares, Inc. (PB) announced a stock repurchase program of up to 5% of its outstanding common stock over a one-year period. The company may repurchase approximately 4.7 million shares, with the discretion of management. The repurchases can be made in open market transactions and pursuant to any trading plan. The program does not obligate the company to purchase any particular number of shares, and there is no guarantee as to the exact number of shares that will be repurchased. The board may suspend, modify, or terminate the program at any time and for any reason. As of September 30, 2023, Prosperity Bancshares, Inc. is a $39.296 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium-sized businesses throughout Texas and Oklahoma.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
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Rhea-AI Summary
Prosperity Bancshares, Inc.® (NYSE: PB) is a $39.296 billion Houston, Texas-based 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 and offers traditional deposit and loan products, digital banking solutions, credit and debit cards, mortgage services, treasury management solutions, and wealth management services, including trust and retail brokerage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
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Rhea-AI Summary
Prosperity Bancshares, Inc. reports net income of $112.2 million for Q3 2023, a decrease compared to the same period last year. Dividend increased by 1.82% to $0.56 per share for Q4 2023. Deposits increased by $259.9 million in Q3 2023. Nonperforming assets remain low at 0.20% of average interest-earning assets. Pending merger with Lone Star State Bancshares, Inc. announced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.97%
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Prosperity Bancshares Inc
NYSE:PB
PB Rankings
PB Stock Data
6.00B
89.56M
4.38%
82.31%
2.9%
Commercial Banking
Finance and Insurance
United States of America
HOUSTON
About PB
prosperity bank and trust co is a banking company located in p.o. box 2789, springfield, virginia, united states.