PB - Prosperity Bancshares, Inc.
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Prosperity Bancshares tops Q1 earnings estimates as revenues jump y/y on higher NII and fees despite rising merger-related expenses.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Stellar Bancorp, Inc. (NYSE: STEL) to Prosperity Bancshares, Inc. (NYSE: PB). Under the terms of the proposed transaction, shareholders of Stellar will receive 0.3803 shares of Prosperity common stock and $11.36 in cash for each share of Stellar that they own. KSF is seeking to determine whethe.
Prosperity Bancshares, Inc. (PB) Q1 2026 Earnings Call Transcript
Prosperity Bancshares, Inc. delivered solid Q1 2026 results, with adjusted EPS of $1.50 beating estimates and strong underlying operational metrics. PB's aggressive expansion through serial acquisitions, including the upcoming Stellar Bancorp merger, positions it as Texas's second largest bank by deposits. Operational strengths include a sub-50% efficiency ratio, low deposit costs (1.32%), and robust asset quality, though a spike in charge-offs warrants monitoring.
Prosperity Bancshares (PB) came out with quarterly earnings of $1.5 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.37 per share a year ago.
Completed the merger of American Bank Holding Corporation on January 1, 2026 Completed the merger of Southwest Bancshares, Inc. on February 1, 2026 Net income of $116.3 million and diluted earnings per share of $1.16 for first quarter 2026; excluding merger related expenses of $42.5 million, net income was $149.9 million (1) and diluted earnings per share were $1.50 (1) First quarter net interest margin increased 21 basis points to 3.51% compared to 3.30% for fourth quarter 2025 Loans, excluding Warehouse Purchase Program loans, increased $3.354 billion or 16.4% during first quarter 2026 Deposits increased $4.150 billion or 14.6% during first quarter 2026 Allowance for credit losses on loans and on off-balance sheet credit exposure of $421.5 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.61% (1) Nonperforming assets remain low at 0.33% of first quarter average interest-earning assets Completed core system conversion in February 2026 Received all necessary regulatory approvals for the pending merger of Stellar Bancorp, Inc. Named in Forbes' 2026 America's Best Banks and is ranked among "America's Best Regional Banks" by Newsweek in 2026 HOUSTON, April 29, 2026 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity Bancshares"), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income of $116.3 million for the quarter ended March 31, 2026, compared with $130.2 million for the same period in 2025. Net income per diluted common share was $1.16 for the quarter ended March 31, 2026, compared with $1.37 for the same period in 2025.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Prosperity Bancshares (PB) have what it takes?
HOUSTON, April 22, 2026 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.60 per share for the second quarter of 2026, payable July 1, 2026, to shareholders of record as of June 15, 2026. Prosperity Bancshares, Inc. ® As of December 31, 2025, Prosperity Bancshares, Inc.® is a $38.463 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and businesses throughout Texas and Oklahoma.
Prosperity Bancshares (PB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HOUSTON--(BUSINESS WIRE)--Prosperity Bancshares, Inc.® (NYSE: PB) (“Prosperity”), the parent company of Prosperity Bank®, and Stellar Bancorp, Inc. (NYSE: STEL) (“Stellar”), the parent company of Stellar Bank, today announced the receipt of all regulatory approvals necessary to complete Prosperity's previously announced proposed acquisition of Stellar. A waiver of prior approval with respect to the merger of the holding companies has been granted by the Federal Reserve Bank of Dallas, and each.
HOUSTON, April 22, 2026 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) ("Prosperity"), the parent company of Prosperity Bank®, and Stellar Bancorp, Inc. (NYSE: STEL) ("Stellar"), the parent company of Stellar Bank, today announced the receipt of all regulatory approvals necessary to complete Prosperity's previously announced proposed acquisition of Stellar. A waiver of prior approval with respect to the merger of the holding companies has been granted by the Federal Reserve Bank of Dallas, and each of the Federal Deposit Insurance Corporation and the Texas Department of Banking have approved the merger of Stellar Bank with and into Prosperity Bank following the merger of the holding companies.
Massachusetts Financial Services Co. MA trimmed its position in shares of Prosperity Bancshares, Inc. (NYSE: PB) by 0.6% during the undefined quarter, according to its most recent 13F filing with the SEC. The fund owned 2,242,597 shares of the bank's stock after selling 14,612 shares during the quarter. Massachusetts Financial Services Co. MA
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Prosperity Bancshares (PB) have what it takes?
HOUSTON, April 7, 2026 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) First Quarter 2026 Earnings Announcement, scheduled before the market opens on Wednesday, April 29, 2026, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team.
Prosperity Bancshares, Inc. (NYSE: PB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the fifteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company.
Barrow Hanley Mewhinney and Strauss LLC boosted its position in Prosperity Bancshares, Inc. (NYSE: PB) by 25.0% in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,756 shares of the bank's stock after purchasing an additional 25,939 shares during
Intech Investment Management LLC purchased a new position in shares of Prosperity Bancshares, Inc. (NYSE: PB) in the third quarter, according to its most recent filing with the SEC. The firm purchased 14,418 shares of the bank's stock, valued at approximately $957,000. Several other hedge funds have also recently made changes to their
PB is boosting its Texas presence with earnings-accretive deals, including a pending $2B Stellar Bancorp buyout projected to deliver major cost savings.
American Century Companies Inc. boosted its position in Prosperity Bancshares, Inc. (NYSE: PB) by 48.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,122,031 shares of the bank's stock after purchasing an additional 695,114 shares during the period. American Century Companies