Prosperity Bancshares(US:PB)2021-01-27 14:34Financial Highlights - Net income for the fourth quarter of 2020 was $137.1 million, with diluted earnings per share of $1.48[3] - Total assets reached $34.1 billion, total loans amounted to $20.2 billion, and deposits totaled $27.4 billion as of December 31, 2020[3] - The common equity tier 1 ratio stood at 13.74%, and the leverage ratio was 9.67% at the end of 2020[3] - Nonperforming assets to average earning assets remained low at 0.20%, equivalent to $59.6 million for the fourth quarter of 2020[3] Loan Portfolio - Total loans, including Warehouse Purchase Program (WPP) loans, reached $20.2 billion as of December 31, 2020[8] - Loans HFI (Excluding WPP) was $17.4 billion with a yield of 4.95%[41] - The allowance for credit losses on loans and off-balance sheet credit exposure was $346.0 million[3] - Allowance for credit losses to total loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, was 1.92%[3] Market Presence and Growth - The company holds the 3 rank in deposit market share in Texas[5] - A Texas-based financial holding company with $34.1 billion in total assets[5] - The company has successfully completed 43 acquisitions[5]