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Last $50.23 USD
Change Today +0.40 / 0.80%
Volume 180.2K
PB On Other Exchanges
Symbol
Exchange
New York
As of 3:21 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

prosperity bancshares inc (PB) Snapshot

Open
$49.66
Previous Close
$49.83
Day High
$50.73
Day Low
$49.55
52 Week High
09/12/14 - $61.89
52 Week Low
08/24/15 - $43.76
Market Cap
3.5B
Average Volume 10 Days
547.2K
EPS TTM
$4.28
Shares Outstanding
70.0M
EX-Date
09/16/15
P/E TM
11.7x
Dividend
$1.09
Dividend Yield
2.11%
Current Stock Chart for PROSPERITY BANCSHARES INC (PB)

prosperity bancshares inc (PB) Related Businessweek News

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prosperity bancshares inc (PB) Details

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides a range of financial products and services to small and medium-sized businesses, and consumers. The company offers various deposit products, including demand, savings, money market, and time accounts. It also provides one to four family residential mortgage loans, commercial mortgage and multifamily residential loans, construction and land development loans, commercial and industrial loans, agricultural real estate loans, and non-real estate agricultural loans, as well as consumer loans, such as automobile, recreational vehicle, boat, home improvement, personal, deposit account collateralized, and consumer durables loans, as well as home equity loans. In addition, the company offers debit and credit cards, Internet banking and other cash management services, mobile banking, trust and wealth management, retail brokerage services, mortgage banking services, and automated telephone banking services. As of March 5, 2015, it operated 244 full service banking locations, including 61 in the Houston area, including The Woodlands; 30 in the South Texas area consisting of Corpus Christi and Victoria; 36 in the Dallas/Fort Worth area; 22 in the East Texas area; 30 in the Central Texas area comprising Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa, and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 9 in the Tulsa, Oklahoma area. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.

3,096 Employees
Last Reported Date: 03/2/15
Founded in 1983

prosperity bancshares inc (PB) Top Compensated Officers

Chairman, Chief Executive Officer, Senior Cha...
Total Annual Compensation: $1.6M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $825.0K
Vice Chairman, Chairman of Prosperity Bank an...
Total Annual Compensation: $825.0K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $625.0K
General Counsel, Senior Executive Vice Presid...
Total Annual Compensation: $623.3K
Compensation as of Fiscal Year 2014.

prosperity bancshares inc (PB) Key Developments

Prosperity Bancshares Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge Offs for the Second Quarter Ended June 30, 2015; Declares Third Quarter Cash Dividend, Payable on October 1, 2015

Prosperity Bancshares Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. Net income available to common shareholders was $71.932 million for the three months ended June 30, 2015 compared with $75.506 million for the same period in 2014. Net income per diluted common share was $1.03 for the three months ended June 30, 2015 compared with $1.08 for the same period in 2014. Net income available to common shareholders (excluding purchase accounting adjustments) was $63.800 million for the quarter ended June 30, 2015 compared with $59.609 million for the quarter ended June 30, 2014. Net income per diluted common share (excluding purchase accounting adjustments) was $0.91 for the three months ended June 30, 2015 compared with $0.85 for the three months ended June 30, 2014. Annualized returns on average assets, average common equity and average tangible common equity for the three months ended June 30, 2015 were 1.33%, 8.61% and 20.49%, respectively compared to 1.42%, 9.75% and 24.06% respectively a year ago. Total interest income was $167,981,000 compared to $186,503,000 a year ago. Net interest income was $158,239,000 compared to $174,055,000 a year ago. Income before income taxes was $108,301,000 compared to $113,035,000 a year ago. For the six months ended June 30, 2015, net income available to common shareholders was $145.573 million compared with $142.643 million for the same period in 2014. Net income per diluted common share was $2.08 for the six months ended June 30, 2015 compared with $2.10 for the same period in 2014. Net income available to common shareholders (excluding purchase accounting adjustments) was $125.183 million for the six months ended June 30, 2015 compared with $119.020 million for the six months ended June 30, 2014. Net income per diluted common share (excluding purchase accounting adjustments) was $1.79 for the six months ended June 30, 2015 compared with $1.75 for the six months ended June 30, 2014. Returns on average assets, average common equity and average tangible common equity, each on an annualized basis, for the six months ended June 30, 2015 were 1.35%, 8.80% and 21.16%, respectively compared to 1.43%, 9.72% and 24.12% respectively a year ago. Book value per share was $47.93 as on June 30, 2015 compared to $44.74 as on June 30, 2014. Total interest income was $341,586,000 compared to $340,751,000 a year ago. Net interest income was $321,144,000 compared to $317,746,000 a year ago. Income before income taxes was $218,915,000 compared to $213,696,000 a year ago. The company reported net charge offs of $491,000 for the three months ended June 30, 2015 compared with $155,000 for the three months ended June 30, 2014. The company declared a third quarter cash dividend of $0.2725 per share, to be paid on October 1, 2015 to all shareholders of record as of September 18, 2015.

Prosperity Bancshares Inc. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 03:00 PM

Prosperity Bancshares Inc. Presents at Keefe Bruyette & Woods Sixteenth Annual Community Bank Investor Conference, Jul-28-2015 03:00 PM. Venue: Grand Central Grand Hyatt, New York, New York, United States. Speakers: Charlotte M. Rasche, General Counsel, Senior Executive Vice President of Prosperity Bank and General Counsel of Prosperity Bank, David Hollaway, Chief Financial Officer, Executive Vice President, Chief Financial Officer of Prosperity Bank and Senior Vice President-Bank-Sub, David Zalman, Chairman, Chief Executive Officer, Senior Chairman of the Board of Prosperity Bank, Chief Executive Officer of Prosperity Bank and President of Prosperity Bank, Edward Z. Safady, President and Vice Chairman of Prosperity Bank.

Prosperity Bancshares Inc. to Report Q2, 2015 Results on Jul 24, 2015

Prosperity Bancshares Inc. announced that they will report Q2, 2015 results at 10:30 AM, US Eastern Standard Time on Jul 24, 2015

 

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Industry Analysis

PB

Industry Average

Valuation PB Industry Range
Price/Earnings 11.4x
Price/Sales 4.4x
Price/Book 1.0x
Price/Cash Flow 11.5x
TEV/Sales 2.4x
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