Board approved increase in dividend of 3.57% to $0.58 for fourth quarter 2024, representing the 21st consecutive annual increase, with a compound annual growth rate of 11.1%Net income of $127.3 million and diluted earnings per share of $1.34 for third quarter 2024Net interest margin increased 23 basis points to 2.95% compared to third quarter 2023Deposits increased $154.5 million and loans increased $60.0 million during third quarter 2024Noninterest-bearing deposits of $9.8 billion, representing 34.9% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $392.0 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.68%(1)Nonperforming assets remain low at 0.25% of third quarter average interest-earning assetsReturn (annualized) on third quarter average assets of 1.28%, average common equity of 6.93% and average tangible common equity of 13.50%(1)

HOUSTON, Sept. 25, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Third Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, October 23, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day.  Participants will include members of Prosperity's executive management team.

What: 

Prosperity Bancshares, Inc.® Third Quarter 2024 Earnings Conference Call

 

When: 

Wednesday, October 23, 2024, at 10:30 AM (Central Time)

 

Where: 

https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls

 

How:  

Simply log on to the web at the address above or call 1-877-883-0383 for domestic participants, or 1-412-902-6506 for international participants and enter Participant Elite Entry Number: 7527596

Completed the merger of Lone Star State Bancshares, Inc. on April 1, 2024Net income of $111.6 million and diluted earnings per share of $1.17 for second quarter 2024Net income of $116.6 million(1) and diluted earnings per share of $1.22(1), excluding merger related provision and expenses, gain on Visa Class B-1 stock exchange net of investment securities sales and FDIC special assessmentNet interest margin increased 15 basis points to 2.94% during second quarter 2024Loans increased $1.06 billion or 5.0% during second quarter 2024Loans, excluding Warehouse Purchase Program loans, increased $839.1 million or 4.1% during second quarter 2024Deposits increased $757.6 million or 2.8% during second quarter 2024Noninterest-bearing deposits of $9.7 billion, representing 34.7% of total depositsAllowance for credit losses on loans and on off-balance sheet credit exposure of $397.5 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.69%(1)Nonperforming assets remain low at 0.25% of second quarter average interest-earning assetsRepurchased 671 thousand shares of common stock during second quarter 2024, and 1.2 million shares during 2024

HOUSTON, July 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the third quarter of 2024, payable October 1, 2024, to shareholders of record as of September 13, 2024.

Prosperity Bancshares, Inc.®

As of March 31, 2024, Prosperity Bancshares, Inc.® is a $38.757 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma.

HOUSTON, June 26, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Second Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, July 24, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team.

What:  Prosperity Bancshares, Inc.® Second Quarter 2024 Earnings Conference Call

When:        Wednesday, July 24, 2024, at 10:30 AM (Central Time)

Net income of $110.4 million and diluted earnings per share of $1.18 for first quarter 2024Loans, excluding Warehouse Purchase Program loans and loans acquired in the merger of First Bancshares of Texas, Inc, increased $115.8 million or 0.6% (2.4% annualized) during first quarter 2024Deposits, excluding public funds deposits, increased $109.8 million during first quarter 2024, with no brokered deposits purchasedNoninterest-bearing deposits of $9.5 billion, representing 35.1% of total depositsNet interest margin increased 4 basis points to 2.79% during first quarter 2024Allowance for credit losses on loans and on off-balance sheet credit exposure of $366.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.62%(1)Nonperforming assets remain low at 0.24% of first quarter average interest-earning assetsCompleted the merger of Lone Star State Bancshares, Inc. on April 1, 2024Repurchased 567,692 shares of common stock during first quarter 2024

HOUSTON, April 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the second quarter of 2024, payable July 1, 2024, to shareholders of record as of June 14, 2024.

Prosperity Bancshares, Inc.®

As of December 31, 2023, Prosperity Bancshares, Inc.® is a $38.548 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma.

HOUSTON, April 1, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® ("Prosperity") (NYSE: PB), the parent company of Prosperity Bank®, today announced the completion of the merger of Lone Star State Bancshares, Inc. ("LS Bancshares") with and into Prosperity and the merger of LS Bancshares' wholly owned subsidiary, Lone Star State Bank of West Texas ("Lone Star"), headquartered in Lubbock, Texas, with and into Prosperity Bank, all effective on April 1, 2024.

Under the terms of the definitive agreement, Prosperity issued 2,376,182 shares of Prosperity common stock plus approximately $64.1 million in cash for all outstanding shares and dilutive securities of LS Bancshares.

HOUSTON, March 27, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) First Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, April 24, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day. Participants will include members of Prosperity's executive management team.

What:

Prosperity Bancshares, Inc.® First Quarter 2024 Earnings Conference Call

When:

Wednesday, April 24, 2024, at 10:30 AM (Central Time)

Where:

https://www.prosperitybankusa.com/Presentation-Webcasts-and-Calls

How: 

Simply log on to the web at the address above or call 1-877-883-0383 for domestic participants, or 1-412-902-6506 for international participants and enter Participant Elite Entry Number:  5323694

HOUSTON, March 19, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank®, today announced that it has received all regulatory approvals necessary to complete its previously announced acquisition of Lone Star State Bancshares, Inc. ("LS Bancshares"), the parent company of Lone Star State Bank of West Texas ("Lone Star"). 

The merger is expected to be effective as of April 1, 2024, subject to the satisfaction or waiver of customary closing conditions described in the definitive merger agreement.  "We are excited to have received the required regulatory and shareholder approvals for this transaction and look forward having the Lone Star customers and associates join the Prosperity Bank team in several weeks," said David Zalman, Prosperity's Senior Chairman and Chief Executive Officer.