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, Inc. (NYSE: PB) declared a quarterly dividend of $0.52 per share, payable on April 1, 2022, to shareholders of record on March 15, 2022. As of September 30, 2021, the company, based in Houston, Texas, reported assets of $36.512 billion. Prosperity offers a range of banking services, including traditional deposit and loan products, digital solutions, and wealth management. With 273 locations across Texas and Oklahoma, the company aims to support customers and communities in their financial needs.
Prosperity Bancshares, Inc. (NYSE: PB) has authorized a stock repurchase program allowing the company to buy back up to 5% of its outstanding common stock, equating to approximately 4.6 million shares, over a year, ending January 18, 2023. The buyback will occur in open market transactions based on market conditions and corporate priorities. The program provides flexibility and does not commit the company to a specific number of shares. This move reflects the company's intent to enhance shareholder value through the management of its stock capital.
Prosperity Bancshares, Inc. (NYSE: PB) reported net income of $128.6 million for Q3 2021, a decrease from $130.1 million in Q3 2020. Net income per share fell to $1.39 from $1.40 year-over-year. Loans, excluding PPP loans, rose $217.6 million (1.3%), while deposits increased $341.4 million (1.2%). The board approved a 6.1% dividend increase to $0.52 per share. Despite low nonperforming assets at 0.11%, net interest income declined $9.5 million (3.7%) due to falling loan rates. Total assets reached $36.512 billion, up 10% year-over-year.
Prosperity Bancshares, Inc. (NYSE: PB) has declared a quarterly common stock dividend of $0.52 per share for Q4 2021, marking a 6.1% increase from the previous quarter. This dividend is payable on January 3, 2022, to shareholders recorded as of December 15, 2021. With total assets of $36.1 billion as of June 30, 2021, the company continues to provide a range of banking services across Texas and Oklahoma, maintaining a robust community banking philosophy.
Prosperity Bancshares, Inc. (NYSE: PB) will announce its Third Quarter 2021 earnings on October 27, 2021, before market opening. A conference call is scheduled for the same day at 10:30 AM CT, featuring the executive management team. Participants can join via the provided web link or by calling 1-877-883-0383 for domestic calls and 1-412-902-6506 for international calls. As of June 30, 2021, Prosperity Bancshares reported $36.1 billion in assets and operates 273 banking locations across Texas and Oklahoma.
Prosperity Bancshares, Inc. (NYSE: PB) reported a net income of $130.6 million for Q2 2021, a slight decline from $130.9 million in Q2 2020. The net income per diluted share remained stable at $1.41. While loans decreased by 8.4% year-over-year, deposits rose by 11.3%. Noninterest income grew by 38.5% to $35.6 million. The efficiency ratio improved to 40.96%, showing effective cost management. The company continues to navigate economic uncertainties stemming from COVID-19, maintaining strong asset quality with nonperforming assets at just 0.11%.
Prosperity Bancshares will announce its Second Quarter 2021 earnings on July 28, 2021, with a conference call at 10:30 AM CT. The call will include executive management and is accessible via the company's website or by phone. As of March 31, 2021, Prosperity holds approximately $35.558 billion in assets and operates 274 banking locations across Texas and Oklahoma, offering a range of financial services, from traditional banking to wealth management. The release also includes a forward-looking statements disclaimer, emphasizing potential risks affecting future performance.
Prosperity Bancshares reported a net income of $133.3 million for Q1 2021, up from $130.8 million YoY, translating to $1.44 per diluted share.
Deposits rose 20.7% YoY to $28.763 billion. Loan balances increased 2.7% to $19.639 billion, despite a 3.0% linked quarter decline.
Nonperforming assets remained low at 0.15%. A cash dividend of $0.49 per share was declared for Q2 2021.
Prosperity Bancshares, Inc. (NYSE: PB) will announce its First Quarter 2021 earnings on April 28, 2021, at 10:30 AM Central Time, followed by a conference call with executive management. The call can be accessed via the provided web link or by phone at 1-877-883-0383 for domestic and 1-412-902-6506 for international participants. The company, based in Houston, Texas, with a portfolio of $34.059 billion, emphasizes community banking and serves consumers and businesses in Texas and Oklahoma. An archived version of the call will be available on their website.
Prosperity Bancshares (NYSE: PB) reported a robust net income of $137.1 million for Q4 2020, significantly up from $86.1 million in Q4 2019. Earnings per diluted share reached $1.48, a 46.5% increase year-over-year. The bank's deposits surged by $901.3 million (3.4%) in Q4. For the full year, net income totaled $528.9 million, reflecting a 59% increase, driven by the merger with LegacyTexas. However, challenges such as potential tax hikes and low interest rates remain a concern.
