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Sep 30, 2020
Prosperity Q3 2020 Earnings Report
Net income and earnings per share increased compared to the same period in 2019.
Key Takeaways
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.
Third quarter earnings per share (diluted) of $1.40, an increase of 17.6% compared to the third quarter 2019
Third quarter net income of $130.1 million
Deposits increased $306.5 million or 1.2% (4.7% annualized) during the third quarter 2020
Nonperforming assets remain low at 0.24% of third quarter average interest-earning assets
Prosperity
Prosperity
Forward Guidance
Prosperity Bancshares' Board has approved a 6.5% increase in the fourth quarter dividend to $0.49 per share.