Prosperity Bancshares' (PB) Buyouts Aid Amid Pressure on NIM

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 ...