Prosperity Bancshares (PB) Rides on Buyouts Amid Strain on NIM

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 ...