Prosperity Bancshares(US:PB)2025-10-29 15:30Financial Performance - Net income reached $137.6 million, with diluted earnings per share at $1.45 for the three months ended September 30, 2025, an 8.2% increase compared to Q3 2024[10] - Total assets amounted to $38.3 billion, with total loans at $22.0 billion and deposits at $27.8 billion as of September 30, 2025[10] - Deposits increased by $308.7 million during Q3 2025, representing a 4.5% annualized growth rate[10] - Noninterest-bearing deposits totaled $9.5 billion, accounting for 34.3% of total deposits[10] - Net interest margin increased by 29 basis points to 3.24%, compared to 2.95% in Q3 2024[10] Capital & Asset Quality - Common equity tier 1 ratio stood at 17.53% and the leverage ratio at 11.90% as of September 30, 2025[10] - Annualized net charge-offs relative to quarterly average loans were low at 0.12%[10] - Nonperforming assets to average earning assets remained low at 0.36%[10] - Allowance for credit losses on loans and off-balance sheet credit exposures totaled $377.3 million, with the allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, at 1.64%[10] Strategic Initiatives - The company announced a definitive merger agreement with Southwest Bancshares, Inc headquartered in San Antonio[10] - The company has a pending acquisition of American Bank Holding Corporation, headquartered in Corpus Christi, Texas[10] - The company increased its cash dividend by 3.5% to $0.60 per share for Q4 2025, marking the 22nd consecutive annual increase with a compound annual growth rate of 10.7%[10]