Prosperity Bancshares Q3 Earnings Beat on Higher NII, Stock Up 1%

Shares of Prosperity Bancshares Inc. (PB) gained 1% on better-than-expected third-quarter 2024 earnings. Its adjusted earnings per share (EPS) of $1.34 beat the Zacks Consensus Estimate of$1.30. Moreover, the bottom line compared favorably with adjusted earnings of $1.21 in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results benefited from an increase in net interest income (NII). Further, a rise in deposits and loans was another positive. Nevertheless, a ...