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) released its 2024 second quarter earnings, reporting net income of $111.6 million and diluted EPS of $1.17. Excluding merger-related expenses, net income was $116.6 million and EPS was $1.22. The company completed the merger with Lone Star State Bancshares on April 1, 2024. Key metrics include a 15 basis point increase in net interest margin to 2.94%, a $1.06 billion increase in loans, and a $757.6 million increase in deposits. The annualized return on average assets was 1.12%. Share repurchases reached 671 thousand shares in Q2 and 1.2 million shares for the year. Noninterest income rose by 18.4% to $46.0 million, while noninterest expense increased by 12.5% to $152.8 million. The company declared a Q3 2024 dividend of $0.56 per share. Finally, nonperforming assets remained low at 0.25% of average interest-earning assets, and the allowance for credit losses was $397.5 million.
Prosperity Bancshares, Inc.® (NYSE: PB) has declared a quarterly common stock dividend of $0.56 per share for the third quarter of 2024. The dividend is payable on October 1, 2024, to shareholders of record as of September 13, 2024. As of March 31, 2024, Prosperity Bancshares is a $38.757 billion Houston-based regional financial holding company operating in Texas and Oklahoma. The company provides personal banking services and investments to consumers and small to medium-sized businesses through 288 full-service banking locations across various regions. Founded in 1983, Prosperity offers traditional deposit and loan products, as well as digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and cash management.
Prosperity Bancshares (NYSE: PB) will announce its Q2 2024 earnings on July 24, 2024, before the market opens. A conference call with executive management is scheduled for 11:30 AM ET (10:30 AM CT) on the same day. Investors can join via webcast or phone. The company, based in Houston, Texas, manages $38.757 billion in assets as of March 31, 2024. It operates 288 full-service banking locations across Texas and Oklahoma, offering a variety of financial services including digital banking, credit cards, mortgage services, and wealth management.
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