The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $290.55 million, up 5.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.45% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectiv ...

Prosperity Bancshares remains focused on its organic growth strategy. Though the company's net revenues dipped in 2023 and in the first quarter of 2024, the metric experienced a compound annual growth rate (CAGR) of 7.9% over the four years ended 2023. The growth was primarily driven by solid loan balances, strategic buyouts, and modest fee income growth. Similarly, earlier this year, WaFd Inc. (WAFD) acquired Luther Burbank Corporation. The acquisition will be almost 8% accretive to WAFD's earnings in fisc ...

Prosperity Bancshares in Focus Earnings growth looks solid for PB for this fiscal year. The Zacks Consensus Estimate for 2024 is $5 per share, representing a year-over-year earnings growth rate of 0.60%. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the curr ...

Prosperity Bancshares (NYSE:PB) is a Houston-based bank and was founded in 1983. Of the many small- to medium-sized banks that I deal with, I think this one is among the most attractive in terms of dividend. It has been growing its dividend for 20 years in a row, and the average cost of deposits is very low compared to that paid by peers. Since my last article, the net interest margin is finally recovering, and in the coming months the buyback may continue. The only negative note is the low growth in the lo ...

Prosperity Bancshares, Inc. (PB) remains well-poised for growth on the back of strategic buyouts, robust loans and deposits and efforts to bolster fee income. However, pressure on net interest margin (NIM) and weak mortgage income remain concerns. PB's organic growth strategy remains encouraging. Though the company's net revenues dipped in 2021, 2023 and the first quarter of 2024, the metric witnessed a 7.9% compound annual growth rate (CAGR) over the last four years ended 2023. This growth was primarily dr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 COMMISSION FILE NUMBER: 001-35388 PROSPERITY BANCSHARES, INC.® (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Prosperity Bank Plaza 4295 San Felipe, Houston, Texas 77027 (Address of principal executive offices ...

Prosperity Bancshares, Inc. (NYSE:PB) Q1 2024 Earnings Conference Call April 24, 2024 11:30 AM ET Company Participants Charlotte Rasche - EVP and General Counsel David Zalman - Senior Chairman and CEO Asylbek Osmonov - CFO Tim Timanus - Chairman Kevin Hanigan - President and COO Conference Call Participants Peter Winter - D.A. Davidson Michael Rose - Raymond James Dave Rochester - Compass Point Catherine Mealor - KBW Brandon King - Truist Manan Gosalia - Morgan Stanley Jared Shaw - Barclays Jon Arfstrom - R ...

First Quarter 2024 "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains, and the remarks by Prosperity's management on the conference call may contain, 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. From time to time, oral or written forward-looking statements may also be included in other ...

Exhibit 99.1 ® FOR IMMEDIATE RELEASE PRESS RELEASE For more information contact: Prosperity Bancshares, Inc. Cullen Zalman Prosperity Bank Plaza Executive Vice President – Banking and Corporate Activities 4295 San Felipe 281.269.7199 Houston, Texas 77027 cullen.zalman@prosperitybankusa.com PROSPERITY BANCSHARES, INC. ® REPORTS FIRST QUARTER 2024 EARNINGS HOUSTON, April 24, 2024. Prosperity Bancshares, Inc. ® (NYSE: PB), the parent company of Prosperity Bank ® (collectively, "Prosperity"), reported net incom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35388 PROSPERITY BANCSHARES, INC.® (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...