Prosperity Bancshares(US:PB)2025-07-23 15:30Financial Highlights - Net income reached $135.2 million, with diluted earnings per share at $1.42 for the three months ended June 30, 2025, marking a 21.1% increase compared to Q2 2024[6] - The company's assets totaled $38.4 billion, with total loans amounting to $22.2 billion and deposits at $27.5 billion as of June 30, 2025[6] - Noninterest-bearing deposits stood at $9.4 billion, representing 34.3% of total deposits[6] - Net interest margin increased by 24 basis points to 3.18% compared to the second quarter of 2024[6] - The allowance for credit losses on loans and off-balance sheet credit exposures was $383.7 million, with the allowance for credit losses on loans to total loans, excluding the Warehouse Purchase Program, at 1.66%[6] Capital and Ratios - The common equity tier 1 ratio was 17.10%, and the leverage ratio was 11.62% as of June 30, 2025[6] - Return on second quarter average assets was 1.41% annualized, and return on average tangible common equity was 13.44% in the second quarter of 2025[6] Strategic Developments - A cash dividend of $0.58 was declared for the third quarter of 2025[6] - The company announced a definitive merger agreement with American Bank Holding Corporation on July 18th, 2025[6] Market Presence - The company has a strong presence in Texas and Oklahoma, operating 283 full-service locations[7, 8] - The company is ranked 2 in deposit market share in Texas[10]