Last €42.00 EUR
Change Today +0.02 / 0.05%
Volume 60.0
PPY On Other Exchanges
Symbol
Exchange
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As of 9:38 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

prosperity bancshares inc (PPY) Snapshot

Open
€42.11
Previous Close
€41.98
Day High
€42.14
Day Low
€42.00
52 Week High
11/13/14 - €49.24
52 Week Low
01/16/15 - €39.77
Market Cap
2.9B
Average Volume 10 Days
21.0
EPS TTM
--
Shares Outstanding
69.8M
EX-Date
12/11/14
P/E TM
--
Dividend
€0.99
Dividend Yield
1.80%
Current Stock Chart for PROSPERITY BANCSHARES INC (PPY)

prosperity bancshares inc (PPY) Related Businessweek News

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prosperity bancshares inc (PPY) Details

Prosperity Bancshares, Inc. operates as the holding company for Prosperity Bank that provides a range of financial products and services to small and medium-sized businesses, and consumers in Texas. 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, home equity, personal, oil and gas loans, deposit account collateralized, and consumer durables loans. In addition, the company offers overdraft protection, debit card, Internet banking and other cash management, mobile banking, trust and wealth management, retail brokerage, and automated telephone banking services. As of December 31, 2013, it operated 238 full service banking locations, including 63 in the Houston area; 26 in the South Texas area consisting of Corpus Christi and Victoria; 35 in the Dallas/Fort Worth area; 22 in the East Texas area; 36 in the Central Texas area comprising Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa, and Abilene; and 16 in the Bryan/College Station area. Prosperity Bancshares, Inc. was founded in 1983 and is headquartered in Houston, Texas.

3,096 Employees
Last Reported Date: 01/23/15
Founded in 1983

prosperity bancshares inc (PPY) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.6M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $798.3K
Vice Chairman, Chairman of Prosperity Bank an...
Total Annual Compensation: $813.1K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $611.3K
General Counsel, Senior Executive Vice Presid...
Total Annual Compensation: $606.7K
Compensation as of Fiscal Year 2013.

prosperity bancshares inc (PPY) Key Developments

Prosperity Bancshares Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge Offs for the Fourth Quarter of 2014

Prosperity Bancshares Inc. reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income available to common shareholders of $78.228 million, an increase in net income of $15.257 million or 24.2%, compared with $62.971 million for the quarter ended December 31, 2013. Diluted earnings per share increased 14.3% to $1.12 per diluted common share compared with $0.98 per diluted common share for the same period in 2013. Annualized returns on average assets, average common equity and average tangible common equity were 1.48%, 9.70% and 23.87%, respectively compared to annualized returns on average assets, average common equity and average tangible common equity of 1.42%, 9.53% and 23.97%, respectively, reported a year ago. Net interest income before provision for credit losses increased 22.2% to $177.751 million compared with $145.469 million during the same period in 2013. The increase was primarily due to a 19.4% increase in average interest-earning assets for the same period. Total interest income was $186.578 million compared to $155.751 million reported a year ago. Net interest income was $177.751 million compared to $145.469 million reported a year ago. Income before income taxes was $116.745 million compared to $94.170 million reported a year ago. The company reported net income available to common shareholders for the year ended December 31, 2014 of $297.441 million or $4.32 per diluted common share, an increase of 34.3% from 2013 net income available to common shareholders of $221.398 million and up 18.4% from 2013 diluted earnings per common share of $3.65. Returns on average assets, average common equity and average tangible common equity were 1.44%, 9.66%, and 24.24%, respectively compared to annualized returns on average assets, average common equity and average tangible common equity of 1.36%, 9.31% and 22.52%, respectively, reported a year ago. Net interest income before provision for credit losses increased $172.328 million or 34.5% to $671.154 million compared with $498.826 million during the same period in 2013. The increase was primarily due to a 25.9% increase in average interest-earning assets over the same period. Book value per share was $46.50 compared to $42.19 as at Dec. 31, 2013. Tangible book value per share was $18.80 compared to $16.27 as at Dec. 31, 2013. Total interest income was $714.795 million compared to $539.297 million reported a year ago. Net interest income was $671.154 million compared to $498.826 million reported a year ago. Income before income taxes was $445.749 million compared to $329.817 million reported a year ago. Net charge offs were $3.201 million for the three months ended December 31, 2014, primarily due to one acquired loan made to a company that filed bankruptcy and subsequently sold the collateral, compared with $496,000 for the three months ended December 31, 2013 and $653,000 for the three months ended September 30, 2014.

Prosperity Bancshares Inc. to Report Q4, 2014 Results on Jan 23, 2015

Prosperity Bancshares Inc. announced that they will report Q4, 2014 results at 10:30 AM, US Eastern Standard Time on Jan 23, 2015

Prosperity Bancshares Inc., Q4 2014 Earnings Call, Jan 23, 2015

Prosperity Bancshares Inc., Q4 2014 Earnings Call, Jan 23, 2015

 

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PPY

Industry Average

Valuation PPY Industry Range
Price/Earnings 11.0x
Price/Sales 4.3x
Price/Book 1.0x
Price/Cash Flow 11.1x
TEV/Sales 2.8x
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