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Jun 30, 2022
Prosperity Q2 2022 Earnings Report
Reported net income of $128.5 million and earnings per share (diluted) of $1.40.
Key Takeaways
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.
Second quarter net income of $128.5 million and earnings per share (diluted) of $1.40
Second quarter net income increased $6.2 million or 5.0% compared to the first quarter 2022
Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased $406.9 million or 2.4% (9.8% annualized) during the second quarter 2022
Nonperforming assets remain low at 0.07% of second quarter average interest-earning assets
Revenue by Segment
Forward Guidance
The company expects continued earnings growth as interest rates increase.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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