Prosperity Bancshares(US:PB)2021-04-30 11:57Financial Highlights - Net income for the first quarter of 2021 was $133.3 million, with diluted earnings per share at $1.44[3] - Total assets reached $35.6 billion, total loans amounted to $19.6 billion, and deposits totaled $28.8 billion as of March 31, 2021[3] - The common equity tier 1 ratio stood at 14.60%, and the leverage ratio was 9.68% at the end of the first quarter of 2021[3] - Nonperforming assets to average earning assets remained low at 0.15%, equivalent to $44.2 million for the first quarter of 2021[3] - Allowance for credit losses on loans and off-balance sheet credit exposure was $337.2 million[3] Loan Portfolio - Total loans reached $19.6 billion, with loans held for investment (excluding Warehouse Purchase Program) at $17.4 billion[8,41] - The yield on total loans was 4.80%, while the yield on loans held for investment (excluding WPP) was 5.02%[41] - Warehouse Purchase Program loans accounted for $2.272 billion[34] Deposit Composition - Noninterest-bearing demand deposits totaled $9.82 billion, interest-bearing demand deposits were $6.159 billion, money market & savings deposits amounted to $9.798 billion, and CDs & other time deposits were $2.986 billion[30] - The total cost of deposits was 0.25%, and the cost of interest-bearing deposits was 0.38% for the three months ended March 31, 2021[30] Market Presence - The company has a strong presence in Texas and Oklahoma, with $35.6 billion in total assets[5] - It is ranked 3 in deposit market share in Texas[5]