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Mar 31, 2020
Prosperity Q1 2020 Earnings Report
Prosperity Bancshares reported an increase in earnings per share and net income for the first quarter of 2020.
Key Takeaways
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.
First quarter earnings per share (diluted) of $1.39, an increase of 17.8% compared to the first quarter 2019
First quarter net income of $130.848 million
Loans increased $281.849 million or 1.50% during the first quarter 2020
Repurchased 2.092 million shares during the first quarter of 2020
Prosperity
Prosperity
Forward Guidance
Prosperity entered the economic downturn from a position of strength, with sound credit quality, robust capital and liquidity and solid operating fundamentals.