PROSPERITY BANCSHARES, INC.® ANNOUNCES STOCK REPURCHASE PROGRAM

Core Viewpoint - Prosperity Bancshares, Inc. has authorized a stock repurchase program allowing the company to buy back up to 5% of its outstanding common stock, approximately 4.8 million shares, over a one-year period ending January 21, 2026 [1] Group 1: Stock Repurchase Program - The repurchase program allows for shares to be bought back through open market transactions and trading plans compliant with Rule 10b5-1 of the Securities Exchange Act of 1934 [2] - The actual number of shares repurchased will depend on various factors including market conditions, price, and corporate liquidity requirements [2][3] - The company is not obligated to repurchase a specific number of shares and may suspend or terminate the program at any time without prior notice [3] Group 2: Company Overview - As of September 30, 2024, Prosperity Bancshares is a regional financial holding company with assets totaling $40.115 billion, providing personal banking services and investments primarily in Texas and Oklahoma [4] - The company operates 285 full-service banking locations across various regions, including 65 in the Houston area and 62 in the Dallas/Fort Worth area [5]