Prosperity Bancshares (PB)
(Delayed Data from NYSE)
$72.60 USD
-1.66 (-2.24%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $72.57 -0.03 (-0.04%) 7:58 PM ET
3-Hold of 5 3
C Value F Growth A Momentum C VGM
Company Summary
Houston, TX-based Prosperity Bancshares, Inc. was formed in 1983 as a vehicle to acquire the former Allied Bank in Edna, TX, which was chartered in 1949 as The First National Bank of Edna and is presently known as Prosperity Bank. The financial holding company, pursuant to the Gramm-Leach-Bliley Act, derives substantially all of its revenues and income from its bank subsidiary — Prosperity Bank.
Prosperity Bank provides a wide range of financial products and services — traditional loan and deposit products — to small and medium-sized businesses and consumers. Apart from these, the company provides digital ...
Company Summary
Houston, TX-based Prosperity Bancshares, Inc. was formed in 1983 as a vehicle to acquire the former Allied Bank in Edna, TX, which was chartered in 1949 as The First National Bank of Edna and is presently known as Prosperity Bank. The financial holding company, pursuant to the Gramm-Leach-Bliley Act, derives substantially all of its revenues and income from its bank subsidiary — Prosperity Bank.
Prosperity Bank provides a wide range of financial products and services — traditional loan and deposit products — to small and medium-sized businesses and consumers. Apart from these, the company provides digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management. As of June 30, 2024, it operated 288 full-service banking centers.
Since its inception, Prosperity Bancshares has been growing considerably through the acquisition of community banks and branches of other banks. The company has completed more than 40 deals.
The major buyouts include Commercial Bancshares, Inc. in 2001, First Capital Bankers, Inc. in 2005, Texas United Bancshares, Inc in 2007, Franklin Bank in 2008 and First Bank in 2010. Further, in 2012, Prosperity Bancshares acquired Texas Bankers, Inc., The Bank Arlington, American State Financial Corporation and Bellaire-based Community National Bank.
In 2013, Prosperity Bancshares completed the buyouts of East Texas Financial Services Inc., Coppermark Bancshares, Inc. and FVNB Corp. In 2014, the company acquired F&M Bancorporation Inc., while in 2016 it completed the merger of Tradition Bancshares, Inc. In 2019, the bank completed the acquisition of LegacyTexas Financial Group, Inc. In 2023, it closed the acquisition of First Bancshares of Texas, Inc. In April 2024, it acquired Lone Star State Bancshares.
As of June 30, 2024, Prosperity Bancshares had total assets of $39.8 billion, cash and due from banks of $1.5 billion, total loans of $22.3 billion, total deposits of $27.9 billion and shareholders’ equity of $7.3 billion.
General Information
Prosperity Bancshares, Inc
4295 SAN FELIPE
HOUSTON, TX 77027
Phone: 281-269-7199
Fax: 281-269-7222
Web: http://www.prosperitybankusa.com
Email: cullen.zalman@prosperitybankusa.com
Industry | Banks - Southwest |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/23/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.31 |
Current Year EPS Consensus Estimate | 5.07 |
Estimated Long-Term EPS Growth Rate | 9.60 |
Exp Earnings Date | 10/23/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 74.26 |
52 Week High | 74.87 |
52 Week Low | 49.60 |
Beta | 0.90 |
20 Day Moving Average | 516,495.56 |
Target Price Consensus | 79.03 |
4 Week | -0.98 |
12 Week | 18.74 |
YTD | 7.19 |
4 Week | -2.16 |
12 Week | 13.70 |
YTD | -10.34 |
Shares Outstanding (millions) | 95.26 |
Market Capitalization (millions) | 6,915.96 |
Short Ratio | NA |
Last Split Date | 6/3/2002 |
Dividend Yield | 3.09% |
Annual Dividend | $2.24 |
Payout Ratio | 0.47 |
Change in Payout Ratio | 0.09 |
Last Dividend Payout / Amount | 9/13/2024 / $0.56 |
Fundamental Ratios
P/E (F1) | 14.33 |
Trailing 12 Months | 15.16 |
PEG Ratio | 1.49 |
vs. Previous Year | 0.83% |
vs. Previous Quarter | 3.39% |
vs. Previous Year | 14.70% |
vs. Previous Quarter | 9.07% |
Price/Book | 0.96 |
Price/Cash Flow | 13.29 |
Price / Sales | 4.04 |
6/30/24 | 6.32 |
3/31/24 | 6.33 |
12/31/23 | 6.62 |
6/30/24 | 1.15 |
3/31/24 | 1.14 |
12/31/23 | 1.18 |
6/30/24 | 0.73 |
3/31/24 | 0.70 |
12/31/23 | 0.68 |
6/30/24 | 0.73 |
3/31/24 | 0.70 |
12/31/23 | 0.68 |
6/30/24 | 26.32 |
3/31/24 | 26.97 |
12/31/23 | 28.80 |
6/30/24 | 25.10 |
3/31/24 | 24.50 |
12/31/23 | 26.24 |
6/30/24 | 32.02 |
3/31/24 | 31.28 |
12/31/23 | 33.45 |
6/30/24 | 75.92 |
3/31/24 | 75.96 |
12/31/23 | 75.54 |
6/30/24 | 44.63 |
3/31/24 | 38.56 |
12/31/23 | 38.66 |
6/30/24 | 0.00 |
3/31/24 | 0.00 |
12/31/23 | 0.00 |
6/30/24 | 0.00 |
3/31/24 | 0.00 |
12/31/23 | 0.00 |