See more : EQTEC plc (EQT.L) Income Statement Analysis – Financial Results
Complete financial analysis of Prosperity Bancshares, Inc. (PB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Prosperity Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Prosperity Bancshares, Inc. (PB)
About Prosperity Bancshares, Inc.
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. As of December 31, 2021, the company operated 273 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 63 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.07B | 1.11B | 1.10B | 1.12B | 796.82M | 727.59M | 713.51M | 733.71M | 735.54M | 778.24M | 582.35M | 456.24M | 382.71M | 371.98M | 367.20M | 280.10M | 253.36M | 172.13M | 140.92M | 105.04M | 84.02M | 66.34M | 49.33M | 27.56M | 21.90M | 15.80M | 13.20M |
| Cost of Revenue | -530.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.60B | 1.11B | 1.10B | 1.12B | 796.82M | 727.59M | 713.51M | 733.71M | 735.54M | 778.24M | 582.35M | 456.24M | 382.71M | 371.98M | 367.20M | 280.10M | 253.36M | 172.13M | 140.92M | 105.04M | 84.02M | 66.34M | 49.33M | 27.56M | 21.90M | 15.80M | 13.20M |
| Gross Profit Ratio | 149.66% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 372.34M | 339.10M | 333.22M | 331.61M | 244.64M | 230.81M | 217.31M | 222.19M | 218.43M | 225.90M | 168.23M | 132.63M | 92.06M | 98.02M | 84.40M | 76.40M | 63.91M | 41.30M | 36.67M | 27.86M | 22.42M | 16.38M | 12.96M | 7.21M | 6.20M | 4.50M | 4.00M |
| Selling & Marketing | 3.23M | 3.20M | 3.18M | 3.49M | 3.21M | 2.84M | 2.93M | 2.85M | 2.97M | 3.02M | 2.64M | 1.67M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 375.57M | 339.10M | 333.22M | 331.61M | 244.64M | 230.81M | 217.31M | 222.19M | 218.43M | 225.90M | 168.23M | 132.63M | 92.06M | 98.02M | 84.40M | 76.40M | 63.91M | 41.30M | 36.67M | 27.86M | 22.42M | 16.38M | 12.96M | 7.21M | 6.20M | 4.50M | 4.00M |
| Other Expenses | 0.00 | 415.80M | -774.46M | -808.97M | -622.25M | -467.86M | -467.02M | -504.37M | -484.55M | -514.74M | -380.28M | -288.61M | -207.98M | -202.79M | -170.28M | -109.91M | -51.34M | -25.88M | -54.88M | -50.66M | -43.76M | -25.91M | -8.17M | -4.18M | -5.60M | -3.70M | -2.90M |
| Operating Expenses | 399.87M | 754.89M | -441.24M | -477.36M | -377.61M | -227.16M | -249.70M | -282.18M | -266.12M | -288.85M | -212.06M | -155.98M | -115.93M | -104.77M | -85.89M | -33.51M | 12.57M | 15.42M | -18.21M | -22.80M | -21.34M | -9.53M | 4.79M | 3.03M | 600.00K | 800.00K | 1.10M |
| Cost & Expenses | 399.87M | 754.89M | -441.24M | -477.36M | -377.61M | -227.16M | -2.76M | -286.00K | 34.00K | -288.85M | -212.06M | 9.45M | -115.93M | -104.77M | -85.89M | -33.51M | 12.57M | 15.42M | -18.21M | -22.80M | -21.34M | -9.53M | 4.79M | 3.03M | 600.00K | 800.00K | 1.10M |
| Interest Income | 1.44B | 1.09B | 1.05B | 1.14B | 832.94M | 727.21M | 677.36M | 675.78M | 669.70M | 714.80M | 539.30M | 419.84M | 371.91M | 384.54M | 409.61M | 347.88M | 340.61M | 231.74M | 162.12M | 111.76M | 90.85M | 80.74M | 76.52M | 41.61M | 31.40M | 23.40M | 20.00M |
| Interest Expense | 488.11M | 89.60M | 53.62M | 113.18M | 137.17M | 97.62M | 60.49M | 43.16M | 39.19M | 43.64M | 40.47M | 39.14M | 45.24M | 66.39M | 102.51M | 120.15M | 140.17M | 93.59M | 51.23M | 29.79M | 23.72M | 25.93M | 35.79M | 19.39M | 13.00M | 10.10M | 9.10M |
| Depreciation & Amortization | 30.96M | 28.30M | 29.65M | 31.40M | 20.25M | 18.32M | 19.16M | 22.29M | 22.49M | 23.67M | 16.74M | 16.15M | 8.15M | 8.31M | 8.23M | 14.28M | 8.99M | 9.18M | 11.16M | 9.99M | 13.06M | 6.34M | 3.92M | 1.85M | 1.70M | 1.30M | 1.20M |
| EBITDA | 0.00 | 694.47M | 689.30M | 676.44M | 439.46M | 421.36M | 425.23M | 397.31M | 401.20M | 469.42M | 334.32M | 283.62M | 229.70M | 209.13M | 187.03M | 143.90M | 143.28M | 103.87M | 79.86M | 57.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 70.39% | 62.61% | 60.27% | 55.15% | 71.33% | 68.07% | 64.62% | 66.87% | 65.93% | 66.46% | 67.28% | 71.84% | 74.07% | 78.85% | 93.13% | 108.51% | 114.29% | 94.99% | 87.81% | 90.15% | 95.19% | 117.65% | 117.68% | 110.50% | 113.29% | 117.42% |
| Operating Income | 691.29M | 755.78M | 659.65M | 645.03M | 419.21M | 500.65M | 466.56M | 451.82M | 469.39M | 489.39M | 370.29M | 290.82M | 266.79M | 267.21M | 281.31M | 246.59M | 265.93M | 187.55M | 122.71M | 82.24M | 62.68M | 56.81M | 54.12M | 30.59M | 22.50M | 16.60M | 14.30M |
| Operating Income Ratio | 64.72% | 67.85% | 59.92% | 57.47% | 52.61% | 68.81% | 65.39% | 61.58% | 63.81% | 62.88% | 63.59% | 63.74% | 69.71% | 71.83% | 76.61% | 88.03% | 104.96% | 108.96% | 87.08% | 78.30% | 74.60% | 85.63% | 109.71% | 110.98% | 102.74% | 105.06% | 108.33% |
| Total Other Income/Expenses | -156.83M | -102.86M | -97.58M | -118.73M | -119.61M | -70.71M | -72.55M | -69.93M | -69.97M | -75.58M | -57.06M | -16.72M | -15.93M | -17.33M | 839.00K | -17.81M | -8.99M | -9.18M | 72.00K | 389.00K | -23.72M | -25.93M | -35.79M | -19.39M | -13.00M | -10.10M | -9.10M |
| Income Before Tax | 534.46M | 666.17M | 659.65M | 645.03M | 419.21M | 403.04M | 406.07M | 408.66M | 430.20M | 445.75M | 329.82M | 251.68M | 213.77M | 191.80M | 168.72M | 126.44M | 125.76M | 93.95M | 71.48M | 52.45M | 38.96M | 30.88M | 18.33M | 11.20M | 9.50M | 6.50M | 5.20M |
| Income Before Tax Ratio | 50.04% | 59.80% | 59.92% | 57.47% | 52.61% | 55.39% | 56.91% | 55.70% | 58.49% | 57.28% | 56.64% | 55.16% | 55.86% | 51.56% | 45.95% | 45.14% | 49.64% | 54.58% | 50.73% | 49.94% | 46.37% | 46.54% | 37.16% | 40.62% | 43.38% | 41.14% | 39.39% |
| Income Tax Expense | 115.14M | 141.66M | 140.36M | 116.13M | 86.66M | 81.22M | 133.91M | 134.19M | 143.55M | 148.31M | 108.42M | 83.78M | 72.02M | 64.09M | 56.84M | 41.93M | 41.60M | 32.23M | 23.62M | 17.74M | 12.41M | 9.56M | 5.37M | 3.17M | 3.00M | 2.00M | 1.60M |
| Net Income | 419.32M | 524.52M | 519.30M | 528.90M | 332.55M | 321.81M | 272.17M | 274.47M | 286.65M | 297.44M | 221.40M | 167.90M | 141.75M | 127.71M | 111.88M | 84.51M | 84.15M | 61.73M | 47.86M | 34.71M | 26.55M | 21.32M | 12.96M | 8.03M | 6.50M | 4.50M | 3.60M |
| Net Income Ratio | 39.26% | 47.09% | 47.17% | 47.12% | 41.73% | 44.23% | 38.14% | 37.41% | 38.97% | 38.22% | 38.02% | 36.80% | 37.04% | 34.33% | 30.47% | 30.17% | 33.21% | 35.86% | 33.96% | 33.04% | 31.60% | 32.14% | 26.27% | 29.12% | 29.68% | 28.48% | 27.27% |
| EPS | 4.51 | 5.73 | 5.60 | 5.68 | 4.52 | 4.61 | 3.92 | 3.94 | 4.09 | 4.32 | 3.66 | 3.24 | 3.03 | 2.74 | 2.42 | 1.87 | 1.96 | 1.96 | 1.79 | 1.61 | 1.38 | 1.25 | 0.80 | 0.67 | 0.59 | 0.54 | 0.47 |
| EPS Diluted | 4.51 | 5.73 | 5.60 | 5.68 | 4.52 | 4.61 | 3.92 | 3.94 | 4.09 | 4.32 | 3.65 | 3.23 | 3.01 | 2.73 | 2.41 | 1.86 | 1.94 | 1.94 | 1.77 | 1.59 | 1.36 | 1.22 | 0.79 | 0.65 | 0.58 | 0.52 | 0.46 |
| Weighted Avg Shares Out | 92.90M | 91.60M | 92.66M | 93.06M | 73.52M | 69.82M | 69.48M | 69.67M | 70.03M | 68.86M | 60.42M | 51.79M | 46.85M | 46.62M | 46.18M | 45.30M | 42.93M | 31.49M | 26.74M | 21.56M | 19.24M | 17.06M | 16.20M | 12.07M | 11.02M | 8.33M | 7.66M |
| Weighted Avg Shares Out (Dil) | 92.90M | 91.60M | 92.66M | 93.06M | 73.52M | 69.82M | 69.48M | 69.68M | 70.05M | 68.91M | 60.58M | 51.94M | 47.02M | 46.83M | 46.35M | 45.48M | 43.38M | 31.82M | 27.04M | 21.83M | 19.52M | 17.48M | 16.40M | 12.35M | 11.21M | 8.65M | 7.83M |
Prosperity Bancshares (PB) Q4 Earnings Beat, Revenues Fall Y/Y
Prosperity Bancshares' (PB) Q4 earnings benefit from nil provision. However, lower revenues, higher expenses and reduced loan balances act as spoilsports.
Prosperity Bancshares, Inc. (PB) Q4 2024 Earnings Call Transcript
Prosperity Bancshares, Inc. (PB) Q4 2024 Earnings Call Transcript
Prosperity Bancshares (PB) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Prosperity Bancshares (PB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Prosperity Bancshares (PB) Q4 Earnings Surpass Estimates
Prosperity Bancshares (PB) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.51 per share a year ago.
PROSPERITY BANCSHARES, INC.® REPORTS FOURTH QUARTER 2023 EARNINGS
Net income of $95.5 million and diluted earnings per share of $1.02 for fourth quarter 2023; excluding the FDIC special assessment of $19.9 million and merger related expenses, net income was $111.4 million (1) and diluted earnings per share was...
Prosperity Bancshares (PB) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Prosperity Bancshares (PB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDEND
HOUSTON , Jan. 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the first quarter of 2024, payable April 1, 2024, to shareholders...
Earnings Preview: Prosperity Bancshares (PB) Q4 Earnings Expected to Decline
Prosperity Bancshares (PB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PROSPERITY BANCSHARES, INC.® ANNOUNCES STOCK REPURCHASE PROGRAM
HOUSTON , Jan. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (the "Company") (NYSE: PB), the parent company of Prosperity Bank®, today announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to...
PROSPERITY BANCSHARES, INC.® INVITES YOU TO JOIN ITS FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL
HOUSTON , Dec. 27, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Fourth Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, January 24, 2024, you are invited to listen to its conference call at...
Source: https://incomestatements.info
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