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Sep 30, 2021
Prosperity Q3 2021 Earnings Report
Prosperity Bancshares reported net income of $128.6 million and earnings per share (diluted) of $1.39.
Key Takeaways
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.
Third quarter earnings per share (diluted) of $1.39
Third quarter net income of $128.6 million
Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased $217.6 million or 1.3% during the third quarter 2021
Deposits increased $341.4 million or 1.2% during the third quarter 2021
Forward Guidance
Prosperity continues to exhibit solid operating metrics in net income, return on tangible equity and return on assets, and maintain sound credit quality, with low nonperforming assets. Net interest margins have been stressed throughout the low-rate environment, however we believe this should improve if interest rates rise as projected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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