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 |
|---|---|---|---|
| 10/30/2025 | $83.00 → $80.00 | Outperform | Hovde Group |
| 9/25/2025 | $79.00 | Buy | TD Cowen |
| 9/15/2025 | $68.00 | Buy → Neutral | Citigroup |
| 9/10/2025 | $78.00 | Overweight | Cantor Fitzgerald |
| 7/24/2025 | $85.00 → $83.00 | Outperform | Hovde Group |
| 5/21/2025 | $85.00 | Buy | Jefferies |
| 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 |
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HOUSTON AND CORPUS CHRISTI, Texas, Nov. 4, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced that the shareholders of American have approved the previously announced proposed merger of American with and into Prosperity, with Prosperity continuing as the surviving corporation, to be followed by the proposed merger of American Bank with and into Prosperity Bank. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Co
Board approved increase in dividend of 3.45% to $0.60 per share for fourth quarter 2025, representing the 22nd consecutive annual increase, with a compound annual growth rate of 10.7%Net income of $137.6 million and earnings per share (diluted) of $1.45 for third quarter 2025Net income of $402.9 million, increased 15.4%, and earnings per share (diluted) of $4.23, increased 14.9%, for the nine months ended September 30, 2025 compared with the same period 2024Third quarter net interest margin increased 29 basis points to 3.24% compared to 2.95% for third quarter 2024Deposits increased $308.7 million during third quarter 2025, or 4.5% annualizedNoninterest-bearing deposits of $9.5 billion, repr
HOUSTON, Oct. 22, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.60 per share for the fourth quarter of 2025, payable January 2, 2026, to shareholders of record as of December 15, 2025. The fourth quarter dividend represents an increase of $0.02 per share, or 3.45%, from the prior quarter. Prosperity Bancshares, Inc.® As of June 30, 2025, Prosperity Bancshares, Inc.® is a $38.417 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 198
HOUSTON and SAN ANTONIO, Oct. 1, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) ("Prosperity"), the parent company of Prosperity Bank®, and Southwest Bancshares, Inc. ("Southwest"), the parent holding company of Texas Partners Bank ("Texas Partners"), headquartered in San Antonio, Texas, today jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire Southwest and Texas Partners. Texas Partners operates eleven (11) banking offices in Central Texas including its main office in San Antonio, and banking offices in the San Antonio area, Austin and the Hill Country. As of June 30, 2025, Southwest, on a consolidated basis, reported total assets of
HOUSTON, Sept. 30, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Third Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, October 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.® Third Quarter 2025 Earnings Conference Call When: Wednesday, October 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
Second quarter earnings per share (diluted) of $1.42, an increase of 21.4% compared to second quarter 2024Second quarter net income increased 21.1% to $135.2 million compared to second quarter 2024Second quarter net interest margin increased 24 basis points to 3.18% compared to second quarter 2024Loans increased $219.8 million during second quarter 2025Noninterest-bearing deposits of $9.4 billion, representing 34.3% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $383.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.66%(1)Nonperforming assets remain low at 0.33% of second quarter av
HOUSTON and CORPUS CHRISTI, Texas, July 18, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire American and American Bank. American Bank operates eighteen (18) banking offices and two (2) loan production offices in South and Central Texas including its main office in Corpus Christi, and banking offices in San Antonio, Austin, Victoria and the greater Corpus Christi area
HOUSTON, July 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 third quarter of 2025, payable October 1, 2025, to shareholders of record as of September 15, 2025. Prosperity Bancshares, Inc.® As of March 31, 2025, Prosperity Bancshares, Inc.® is a $38.765 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 com
HOUSTON, June 25, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Second Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, July 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.® Second Quarter 2025 Earnings Conference Call When: Wednesday, July 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 addre
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
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Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $80.00 from $83.00 previously
TD Cowen initiated coverage of Prosperity Bancshares with a rating of Buy and set a new price target of $79.00
Citigroup downgraded Prosperity Bancshares from Buy to Neutral and set a new price target of $68.00
Cantor Fitzgerald initiated coverage of Prosperity Bancshares with a rating of Overweight and set a new price target of $78.00
Hovde Group reiterated coverage of Prosperity Bancshares with a rating of Outperform and set a new price target of $83.00 from $85.00 previously
Jefferies initiated coverage of Prosperity Bancshares with a rating of Buy and set a new price target of $85.00
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
Live Leadership Updates
HOUSTON and SAN ANTONIO, Oct. 1, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) ("Prosperity"), the parent company of Prosperity Bank®, and Southwest Bancshares, Inc. ("Southwest"), the parent holding company of Texas Partners Bank ("Texas Partners"), headquartered in San Antonio, Texas, today jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire Southwest and Texas Partners. Texas Partners operates eleven (11) banking offices in Central Texas including its main office in San Antonio, and banking offices in the San Antonio area, Austin and the Hill Country. As of June 30, 2025, Southwest, on a consolidated basis, reported total assets of
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Board approved increase in dividend of 3.45% to $0.60 per share for fourth quarter 2025, representing the 22nd consecutive annual increase, with a compound annual growth rate of 10.7%Net income of $137.6 million and earnings per share (diluted) of $1.45 for third quarter 2025Net income of $402.9 million, increased 15.4%, and earnings per share (diluted) of $4.23, increased 14.9%, for the nine months ended September 30, 2025 compared with the same period 2024Third quarter net interest margin increased 29 basis points to 3.24% compared to 2.95% for third quarter 2024Deposits increased $308.7 million during third quarter 2025, or 4.5% annualizedNoninterest-bearing deposits of $9.5 billion, repr
HOUSTON, Oct. 22, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.60 per share for the fourth quarter of 2025, payable January 2, 2026, to shareholders of record as of December 15, 2025. The fourth quarter dividend represents an increase of $0.02 per share, or 3.45%, from the prior quarter. Prosperity Bancshares, Inc.® As of June 30, 2025, Prosperity Bancshares, Inc.® is a $38.417 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 198
HOUSTON, Sept. 30, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Third Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, October 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.® Third Quarter 2025 Earnings Conference Call When: Wednesday, October 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
Second quarter earnings per share (diluted) of $1.42, an increase of 21.4% compared to second quarter 2024Second quarter net income increased 21.1% to $135.2 million compared to second quarter 2024Second quarter net interest margin increased 24 basis points to 3.18% compared to second quarter 2024Loans increased $219.8 million during second quarter 2025Noninterest-bearing deposits of $9.4 billion, representing 34.3% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $383.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.66%(1)Nonperforming assets remain low at 0.33% of second quarter av
HOUSTON and CORPUS CHRISTI, Texas, July 18, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB) ("Prosperity"), the parent company of Prosperity Bank®, and American Bank Holding Corporation ("American"), the parent holding company of American Bank, N.A. ("American Bank"), headquartered in Corpus Christi, Texas, today jointly announced the signing of a definitive merger agreement whereby Prosperity will acquire American and American Bank. American Bank operates eighteen (18) banking offices and two (2) loan production offices in South and Central Texas including its main office in Corpus Christi, and banking offices in San Antonio, Austin, Victoria and the greater Corpus Christi area
HOUSTON, July 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 third quarter of 2025, payable October 1, 2025, to shareholders of record as of September 15, 2025. Prosperity Bancshares, Inc.® As of March 31, 2025, Prosperity Bancshares, Inc.® is a $38.765 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 com
HOUSTON, June 25, 2025 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE:PB) Second Quarter 2025 Earnings Announcement, scheduled before the market opens on Wednesday, July 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.® Second Quarter 2025 Earnings Conference Call When: Wednesday, July 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 addre
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