Prosperity Earnings Reports

Prosperity Bancshares delivered solid Q2 2025 results with net income growth, an expanded net interest margin, and stable asset quality despite a slight decline in deposits.

Prosperity Bancshares delivered a solid Q1 2025 performance, achieving higher net income and EPS, supported by margin expansion and strong asset quality.

Prosperity Bancshares, Inc. reported a net income of $130.1 million for Q4 2024, up from $95.5 million in Q4 2023, with diluted earnings per share increasing to $1.37 from $1.02. The net interest margin also increased by 30 basis points to 3.05%.

Prosperity Bancshares, Inc. reported a net income of $127.3 million for the quarter ended September 30, 2024, compared to $112.2 million for the same period in 2023. Diluted earnings per share were $1.34, up from $1.20 in the prior year. Deposits increased by $154.5 million, and loans increased by $60.0 million during the quarter. Nonperforming assets remained low at 0.25% of average interest-earning assets.

Prosperity Bancshares reported a net income of $111.6 million for Q2 2024, with diluted earnings per share of $1.17. The results were impacted by merger-related activities and a FDIC special assessment, alongside gains from a Visa Class B-1 stock exchange.

Prosperity Bancshares, Inc. reported a net income of $110.4 million, or $1.18 per diluted share, for the quarter ended March 31, 2024. The results reflect an increase in net interest margin and strategic acquisitions, including the merger with Lone Star State Bancshares, Inc.

Prosperity Bancshares reported a net income of $95.5 million, or $1.02 per diluted share, for Q4 2023. Excluding the FDIC special assessment and merger-related expenses, net income was $111.4 million, or $1.19 per diluted share. The quarter was impacted by a $19.9 million FDIC special assessment. Net interest margin increased slightly to 2.75%.

Prosperity Bancshares, Inc. reported a net income of $112.2 million for Q3 2023, with diluted earnings per share of $1.20. Deposits, excluding public funds deposits, increased by $259.9 million. The board approved a dividend increase of 1.82% to $0.56 for Q4 2023.

Prosperity Bancshares, Inc. reported a net income of $86.9 million for the quarter ended June 30, 2023. The results were impacted by merger-related charges. Loans, excluding Warehouse Purchase Program loans, increased by $1.970 billion during the second quarter of 2023, primarily due to the Merger.

Prosperity Bancshares, Inc. reported a net income of $124.7 million for the quarter ended March 31, 2023, compared to $122.3 million for the same period in 2022. The diluted earnings per share were $1.37, up from $1.33 in the previous year. Loans, excluding Warehouse Purchase Program loans, increased by $436.0 million, and nonperforming assets remained low at 0.07% of average interest-earning assets.

Prosperity Bancshares, Inc. reported a net income of $137.9 million for Q4 2022, an increase of 8.7% compared to Q4 2021. Earnings per diluted share rose to $1.51, a 9.4% increase year-over-year. The company saw growth in loans, excluding certain programs, and maintained low nonperforming assets.

Prosperity Bancshares, Inc. reported a net income of $135.8 million for the third quarter of 2022, compared to $128.6 million for the same period in 2021. Diluted earnings per share increased to $1.49, up from $1.39 in the prior year. Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased by $530.8 million.

Prosperity Bancshares, Inc. reported a strong second quarter of 2022, with net income increasing by 5.0% compared to the first quarter of 2022. The company's core loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, grew by $406.9 million, while non-performing loans remained very low.

Prosperity Bancshares reported a decrease in net income to $122.3 million for Q1 2022, compared to $133.3 million for the same period in 2021. Earnings per diluted share also decreased to $1.33 from $1.44 year-over-year. However, deposits saw an increase of $296.5 million during the quarter.

Prosperity Bancshares, Inc. reported a decrease in net income to $126.8 million for the quarter ended December 31, 2021, compared to $137.1 million for the same period in 2020. Earnings per diluted common share were $1.38, and the annualized return on average assets was 1.37%. Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased by $76.7 million, and deposits increased by $1.320 billion during the quarter.

Prosperity Bancshares reported a net income of $128.6 million for the quarter ended September 30, 2021, with diluted earnings per share of $1.39. Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased by $217.6 million, and deposits increased by $341.4 million during the quarter. Nonperforming assets remained low at 0.11% of average interest-earning assets.

Prosperity Bancshares, Inc. reported net income of $130.6 million for the quarter ended June 30, 2021. Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased $148.8 million and deposits increased $347.1 million during the second quarter of 2021.

Prosperity Bancshares, Inc. reported a net income of $133.3 million for the quarter ended March 31, 2021, compared to $130.8 million for the same period in 2020. The net income per diluted common share was $1.44, and the annualized return on average assets was 1.54%. Deposits increased by $1.403 billion during the quarter, and nonperforming assets remained low at 0.15% of average interest-earning assets.

Prosperity Bancshares reported a strong fourth quarter with net income of $137.1 million, an increase of 59.2% compared to the same period in 2019. Earnings per diluted common share increased by 46.5% to $1.48. Deposits also saw growth, increasing by $901.3 million or 3.4% during the quarter.

Prosperity Bancshares, Inc. reported a strong third quarter with earnings per share of $1.40, a 17.6% increase compared to Q3 2019. Net income was $130.1 million, and deposits increased by $306.5 million.

Prosperity Bancshares, Inc. reported a strong second quarter with a net income of $130.9 million, or $1.41 per diluted share, driven by strategic acquisitions and organic growth. Loans increased by 9.9% and deposits increased by 9.8% during the quarter. The company also completed the operational conversion of LegacyTexas Bank.

Prosperity Bancshares reported a strong first quarter with diluted earnings per share of $1.39, a 17.8% increase compared to the same period in 2019. Net income was $130.848 million, and loans increased by 1.5%. The company also repurchased 2.092 million shares during the quarter.

Prosperity Bancshares, Inc. reported net income of $86.134 million for Q4 2019, impacted by merger-related expenses of $46.402 million. The merger with LegacyTexas Financial Group, Inc. was completed on November 1, 2019, significantly increasing deposits and loans.