Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts; and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural real estate, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking and other cash management, mobile banking, trust and wealth management, retail brokerage, mortgage banking, and automated telephone banking services, as well as debit and credit cards. As of December 31, 2020, the company operated 275 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 65 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area, as well as 42 locations in the Dallas/Fort Worth area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: prosperitybankusa.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/25/2025 | $90.00 → $80.00 | Outperform | Hovde Group |
| 1/7/2025 | $80.00 | Underperform → Neutral | BofA Securities |
| 12/5/2024 | Outperform → Peer Perform | Wolfe Research | |
| 10/15/2024 | $80.00 → $78.00 | Buy → Neutral | DA Davidson |
| 9/24/2024 | $75.00 → $90.00 | Neutral → Outperform | Wedbush |
| 9/20/2024 | $81.00 → $79.00 | Buy → Hold | Truist |
| 9/17/2024 | $80.00 | Strong Buy → Outperform | Raymond James |
| 8/26/2024 | $80.50 → $82.50 | Outperform | Hovde Group |
| 8/5/2024 | $75.00 → $86.00 | Equal-Weight → Overweight | Morgan Stanley |
| 3/8/2024 | $68.00 | Equal Weight | Barclays |
First quarter earnings per share (diluted) of $1.37, an increase of 16.1% compared to first quarter 2024First quarter net income increased 17.9% to $130.2 million compared to first quarter 2024First quarter net interest margin increased 35 basis points to 3.14% compared to first quarter 2024Noninterest-bearing deposits of $9.7 billion, representing 34.5% of total depositsBorrowings decreased $500.0 million during first quarter 2025Allowance for credit losses on loans and on off-balance sheet credit exposure of $386.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.67%(1)Nonperforming assets remain low at 0.24% of first quarter avera
HOUSTON, April 16, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the second quarter of 2025, payable July 1, 2025, to shareholders of record as of June 13, 2025. Prosperity Bancshares, Inc.® As of December 31, 2024, Prosperity Bancshares, Inc.® is a $39.567 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 believes in a community banking philosophy, taking care of customers, businesses, and commun
HOUSTON, March 27, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) First Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, April 23, 2025, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® First Quarter 2025 Earnings Conference Call When: Wednesday, April 23, 2025, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address abov
Fourth quarter earnings per share (diluted) of $1.37, an increase of 34.3% compared to fourth quarter 2023Fourth quarter net income of $130.1 millionFourth quarter net interest margin increased 30 basis points to 3.05% compared to fourth quarter 2023Noninterest-bearing deposits of $9.8 billion, representing 34.5% of total depositsBorrowings decreased $700.0 million during fourth quarter 2024Allowance for credit losses on loans and on off-balance sheet credit exposure of $389.5 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.67%(1)Nonperforming assets remain low at 0.23% of fourth quarter average interest-earning assetsReturn (annual
HOUSTON, Jan. 22, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the first quarter of 2025, payable April 1, 2025, to shareholders of record as of March 14, 2025. Prosperity Bancshares, Inc.® As of September 30, 2024, Prosperity Bancshares, Inc.® is a $40.115 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 believes in a community banking philosophy, taking care of customers, businesses, and commu
HOUSTON, Jan. 21, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (the "Company") (NYSE:PB), the parent company of Prosperity Bank®, today announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 5%, or approximately 4.8 million shares, of its outstanding common stock over a one-year period expiring on January 21, 2026, at the discretion of management. 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 tr
HOUSTON, Dec. 23, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Fourth Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, January 29, 2025, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® Fourth Quarter 2024 Earnings Conference Call When: Wednesday, January 29, 2025, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address above or call 1-877-883-0383 for dom
Board approved increase in dividend of 3.57% to $0.58 for fourth quarter 2024, representing the 21st consecutive annual increase, with a compound annual growth rate of 11.1%Net income of $127.3 million and diluted earnings per share of $1.34 for third quarter 2024Net interest margin increased 23 basis points to 2.95% compared to third quarter 2023Deposits increased $154.5 million and loans increased $60.0 million during third quarter 2024Noninterest-bearing deposits of $9.8 billion, representing 34.9% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $392.0 million and allowance for credit losses on loans to total loans, excluding Warehouse Pur
HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024. The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter. Prosperity Bancshares, Inc.® As of June 30, 2024, Prosperity Bancshares, Inc.® is a $39.762 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 19
HOUSTON, Sept. 25, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Third Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, October 23, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® Third Quarter 2024 Earnings Conference Call When: Wednesday, October 23, 2024, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address above or call 1-877-883-0383 for
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First quarter earnings per share (diluted) of $1.37, an increase of 16.1% compared to first quarter 2024First quarter net income increased 17.9% to $130.2 million compared to first quarter 2024First quarter net interest margin increased 35 basis points to 3.14% compared to first quarter 2024Noninterest-bearing deposits of $9.7 billion, representing 34.5% of total depositsBorrowings decreased $500.0 million during first quarter 2025Allowance for credit losses on loans and on off-balance sheet credit exposure of $386.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.67%(1)Nonperforming assets remain low at 0.24% of first quarter avera
HOUSTON, April 16, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the second quarter of 2025, payable July 1, 2025, to shareholders of record as of June 13, 2025. Prosperity Bancshares, Inc.® As of December 31, 2024, Prosperity Bancshares, Inc.® is a $39.567 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 believes in a community banking philosophy, taking care of customers, businesses, and commun
HOUSTON, March 27, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) First Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, April 23, 2025, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® First Quarter 2025 Earnings Conference Call When: Wednesday, April 23, 2025, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address abov
HOUSTON, Jan. 22, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the first quarter of 2025, payable April 1, 2025, to shareholders of record as of March 14, 2025. Prosperity Bancshares, Inc.® As of September 30, 2024, Prosperity Bancshares, Inc.® is a $40.115 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 believes in a community banking philosophy, taking care of customers, businesses, and commu
HOUSTON, Jan. 21, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (the "Company") (NYSE:PB), the parent company of Prosperity Bank®, today announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 5%, or approximately 4.8 million shares, of its outstanding common stock over a one-year period expiring on January 21, 2026, at the discretion of management. 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 tr
HOUSTON, Dec. 23, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Fourth Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, January 29, 2025, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® Fourth Quarter 2024 Earnings Conference Call When: Wednesday, January 29, 2025, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address above or call 1-877-883-0383 for dom
HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024. The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter. Prosperity Bancshares, Inc.® As of June 30, 2024, Prosperity Bancshares, Inc.® is a $39.762 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 19
HOUSTON, Sept. 25, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Third Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, October 23, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® Third Quarter 2024 Earnings Conference Call When: Wednesday, October 23, 2024, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address above or call 1-877-883-0383 for
HOUSTON, July 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the third quarter of 2024, payable October 1, 2024, to shareholders of record as of September 13, 2024. Prosperity Bancshares, Inc.® As of March 31, 2024, Prosperity Bancshares, Inc.® is a $38.757 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 believes in a community banking philosophy, taking care of customers, businesses, and comm
HOUSTON, June 26, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Second Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, July 24, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team. What: Prosperity Bancshares, Inc.® Second Quarter 2024 Earnings Conference Call When: Wednesday, July 24, 2024, at 10:30 AM (Central Time) Where: https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls How: Simply log on to the web at the address above or call 1-877-883-03
Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $80.00 from $90.00 previously
BofA Securities upgraded Prosperity Bancshares from Underperform to Neutral and set a new price target of $80.00
Wolfe Research downgraded Prosperity Bancshares from Outperform to Peer Perform
DA Davidson downgraded Prosperity Bancshares from Buy to Neutral and set a new price target of $78.00 from $80.00 previously
Wedbush upgraded Prosperity Bancshares from Neutral to Outperform and set a new price target of $90.00 from $75.00 previously
Truist downgraded Prosperity Bancshares from Buy to Hold and set a new price target of $79.00 from $81.00 previously
Raymond James downgraded Prosperity Bancshares from Strong Buy to Outperform and set a new price target of $80.00
Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $82.50 from $80.50 previously
Morgan Stanley upgraded Prosperity Bancshares from Equal-Weight to Overweight and set a new price target of $86.00 from $75.00 previously
Barclays initiated coverage of Prosperity Bancshares with a rating of Equal Weight and set a new price target of $68.00
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