Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $57.73 USD
Change Today -0.88 / -1.50%
Volume 504.8K
PB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

prosperity bancshares inc (PB) Snapshot

Open
$58.60
Previous Close
$58.61
Day High
$58.60
Day Low
$57.36
52 Week High
07/7/14 - $63.10
52 Week Low
01/30/15 - $45.01
Market Cap
4.0B
Average Volume 10 Days
447.5K
EPS TTM
$4.34
Shares Outstanding
70.0M
EX-Date
06/11/15
P/E TM
13.3x
Dividend
$1.09
Dividend Yield
1.83%
Current Stock Chart for PROSPERITY BANCSHARES INC (PB)

prosperity bancshares inc (PB) Related Businessweek News

View More BusinessWeek News

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. Presents at SunTrust Robinson Humphrey Financial Services Conference 2015, May-19-2015

Prosperity Bancshares Inc. Presents at SunTrust Robinson Humphrey Financial Services Conference 2015, May-19-2015 . Venue: New York Palace, 455 Madison Avenue, New York, NY10022, United States.

Prosperity Bancshares Inc. Announces Management Changes

Prosperity Bancshares Inc. announced management changes that will be effective as of May 15, 2015. Edward Z. Safady, Chairman of the Bank's Central Texas Area, will become President of Prosperity and Vice Chairman of the Bank and will join the Executive Committee. Mr. Safady will have primary responsibility for overseeing management of each of the Bank's areas as well as directing the Bank's loan growth efforts. Mr. Safady joined the Bank in 2004 after the bank that he served as Chairman, CEO and President of was acquired by Prosperity. Bob Benter, Chairman of the Bank's Houston Area, will become President of the Bank and will be appointed as a Director on the Bank's Board of Directors, and Robert Dowdell, Regional President of the Bank's Houston Area, will become Executive Vice President of Prosperity and the Bank. Both Mr. Benter and Mr. Dowdell will work with Mr. Safady and the Bank's area management with loan growth and business development efforts. Mr. Benter has been with the Bank since 1992 and has over 37 years of lending experience in the Houston area. Mr. Dowdell has been with the Bank since 2008 and has over 30 years of lending experience in the Houston area. Additional changes to be made in the Houston Area are the promotion of Chris Delaup, President of the Houston Area, to Chairman of the Houston Area with the primary responsibility of administration within the Area and the promotion of Randy Reeves, President of the Houston Area, to Chairman of the Houston Area with the primary responsibility of business development for the Area. In addition, Dan Agnew will be promoted to President of the Houston Area. Mr. Agnew previously served as Regional President in the Houston Area.

Prosperity Bancshares Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge Offs for the First Quarter Ended March 31, 2015

Prosperity Bancshares Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $173,605,000 compared to $154,248,000 a year ago. Net interest income was $162,905,000 compared to $143,691,000 a year ago. Income before income taxes was $110,614,000 compared to $100,661,000 a year ago. Net income available to common shareholders was $73,641,000 compared to $67,137,000 a year ago. Basic and diluted EPS was $1.05 compared to $1.01 a year ago. Return on average assets was 1.37% compared to 1.43% a year ago. Return on average common equity was 8.98% compared to 9.52% a year ago. Return on average tangible common equity was 21.84% compared to 24.23% a year ago. Book value per share was $47.15 compared to $42.87 a year ago. Tangible book value per share was $19.47 compared to $17.04 a year ago. Net interest income before provision for credit losses for the quarter ended March 31, 2015, increased 13.4% to $162.905 million compared with $143.691 million during the same period in 2014.  The increase was primarily due to a 14.5% increase in average interest-earning assets for the same period.  For the quarter, the company reported net charge offs of $1,049,000 compared with $786,000 for the three months ended March 31, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PB:US $57.73 USD -0.88

PB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BankUnited Inc $36.14 USD -0.57
PacWest Bancorp $46.32 USD -0.71
Synovus Financial Corp $30.53 USD -0.50
Umpqua Holdings Corp $17.81 USD -0.27
Webster Financial Corp $39.13 USD -0.92
View Industry Companies
 

Industry Analysis

PB

Industry Average

Valuation PB Industry Range
Price/Earnings 13.3x
Price/Sales 5.1x
Price/Book 1.2x
Price/Cash Flow 13.3x
TEV/Sales 3.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PROSPERITY BANCSHARES INC, please visit www.prosperitybankusa.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.