PROSPERITY BANCSHARES, INC.® ANNOUNCES STOCK REPURCHASE PROGRAM
Rhea-AI Summary
Prosperity Bancshares (NYSE: PB) announced that its Board authorized a stock repurchase program allowing the company to buy up to 5% of outstanding common stock, approximately 4.87 million shares, over a one-year period ending January 26, 2027. Repurchases may be made in open-market transactions, under Rule 10b5-1 trading plans, or outside Rule 10b-18 during certain transactions. The company said timing and amounts will depend on price, regulatory and corporate requirements, market conditions, and liquidity priorities, and that the program can be suspended or terminated at any time. Any repurchased shares will be held as authorized but unissued shares.
Company profile: As of September 30, 2025, Prosperity Bancshares reported $38.330 billion in assets and operates 301 full-service banking locations across Texas and Oklahoma.
Positive
- Board authorized repurchase of up to 5% of outstanding shares
- Repurchase authorization equals approximately 4.87 million shares
- Program window runs through January 26, 2027
- Repurchases permitted via open market and Rule 10b5-1 plans
Negative
- Repurchases are discretionary with no obligation to buy shares
- Company may suspend, modify, or terminate the program at any time
- Repurchased shares will be held as authorized but unissued (not automatically retired)
Key Figures
Market Reality Check
Peers on Argus
PB fell 3.43% while close peers like FNB, GBCI, OZK and CADE rose between 0.02% and 1.28%, with only BOKF slightly down 0.4%, pointing to a stock-specific move.
Previous Buybacks Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | Stock repurchase program | Positive | -0.8% | Board authorized repurchases up to 5% of outstanding common stock. |
The prior buyback authorization on Jan 21, 2025 (up to 5% of shares) saw a -0.76% next-day move, suggesting past capital-return announcements did not immediately lift the stock.
Recent history shows Prosperity Bancshares combining internal capital returns with external growth. A Jan 21, 2025 buyback authorization for up to 5% of shares was followed by continued expansion and earnings growth in later releases. The new Jan 26, 2026 program again authorizes repurchases up to 5% of outstanding common stock, echoing that earlier approach. Investors now weigh this capital-return flexibility alongside recent acquisitions, dividends, and earnings momentum described in prior news items.
Historical Comparison
In the past year, PB had 1 buyback announcement with an average 1-day move of 0.76%. Today’s -3.43% move is larger and more negative than that prior reaction.
The company has repeatedly authorized one-year programs to repurchase up to <b>5%</b> of outstanding common stock, maintaining a consistent buyback framework.
Market Pulse Summary
This announcement introduces a one-year stock repurchase program allowing Prosperity Bancshares to buy back up to 5%, or roughly 4.87 million shares, of its common stock. It follows a similar authorization disclosed on Jan 21, 2025. With assets of $38.330 billion and 301 locations, the company adds another capital-management tool alongside dividends and acquisitions. Key items to monitor include actual repurchase activity, earnings trends, and future board actions on capital returns.
Key Terms
stock repurchase program financial
rule 10b5-1 regulatory
rule 10b-18 regulatory
AI-generated analysis. Not financial advice.
Repurchases under this program may be made from time to time in open market transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Repurchases under this program also may be made in transactions outside the safe harbor provided by Rule 10b-18 during a pending merger, acquisition or similar transaction. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. Any repurchased shares will be held by the Company as authorized but unissued shares.
The repurchase 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 by the Company. The Company may suspend, modify or terminate the program at any time and for any reason, without prior notice.
Prosperity Bancshares, Inc.®
As of September 30, 2025, Prosperity Bancshares, Inc.® is a
Prosperity currently operates 301 full-service banking locations: 62 in the
Cautionary Notes on Forward-Looking Statements
Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically, but not exclusively, identified by the use in the statements of words or phrases such as "aim," "anticipate," "estimate," "expect," "goal," "guidance," "intend," "is anticipated," "is expected," "is intended," "objective," "plan," "projected," "projection," "will affect," "will be," "will continue," "will decrease," "will grow," "will impact," "will increase," "will incur," "will reduce," "will remain," "will result," "would be," variations of such words or phrases (including where the word "could," "may," or "would" is used rather than the word "will" in a phrase) and similar words and phrases indicating that the statement addresses some future result, occurrence, plan or objective. Forward-looking statements include all statements other than statements of historical fact, including forecasts or trends, and are based on current expectations, assumptions, estimates and projections about Prosperity Bancshares and its subsidiaries. These forward-looking statements may include information about Prosperity's possible or assumed future economic performance or future results of operations, including future revenues, income, expenses, provision for loan losses, provision for taxes, effective tax rate, earnings per share and cash flows and Prosperity's future capital expenditures and dividends, future financial condition and changes therein, including changes in Prosperity's loan portfolio and allowance for loan losses, future capital structure or changes therein, as well as the plans and objectives of management for Prosperity's future operations, future or proposed acquisitions, the future or expected effect of acquisitions on Prosperity's operations, results of operations, financial condition, and future economic performance, statements about the anticipated benefits of a proposed transaction, and statements about the assumptions underlying any such statement. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of Prosperity's control, which may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include but are not limited to whether Prosperity can: successfully identify acquisition targets and integrate the businesses of acquired companies and banks; continue to sustain its current internal growth rate or total growth rate; provide products and services that appeal to its customers; continue to have access to debt and equity capital markets; and achieve its sales objectives. Other risks include, but are not limited to: the possibility that credit quality could deteriorate; actions of competitors; changes in laws and regulations (including changes in governmental interpretations of regulations and changes in accounting standards); the possibility that the anticipated benefits of an acquisition transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of two companies or as a result of the strength of the economy and competitive factors generally; a deterioration or downgrade in the credit quality and credit agency ratings of the securities in Prosperity's securities portfolio; customer and consumer demand, including customer and consumer response to marketing; effectiveness of spending, investments or programs; fluctuations in the cost and availability of supply chain resources; economic conditions, including currency rate, interest rate and commodity price fluctuations; and weather. These and various other factors are discussed in Prosperity Bancshares' Annual Report on Form 10-K for the year ended December 31, 2024 and other reports and statements Prosperity Bancshares has filed with the Securities and Exchange Commission ("SEC"). Copies of the SEC filings for Prosperity Bancshares may be downloaded from the Internet at no charge from http://www.prosperitybankusa.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/prosperity-bancshares-inc-announces-stock-repurchase-program-302670409.html
SOURCE Prosperity Bancshares, Inc.
FAQ
What size repurchase did Prosperity Bancshares (PB) authorize on January 26, 2026?
How long is the PB repurchase program effective?
How will Prosperity Bancshares (PB) execute share repurchases?
Will Prosperity Bancshares (PB) retire repurchased shares?
Is Prosperity Bancshares (PB) required to repurchase the full 5% authorized?
How large is Prosperity Bancshares (PB) by assets and branches as of Sept 30, 2025?
