Last $61.22 USD
Change Today -1.06 / -1.70%
Volume 427.1K
PB On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

prosperity bancshares inc (PB) Snapshot

Open
$61.21
Previous Close
$62.28
Day High
$61.97
Day Low
$60.97
52 Week High
03/21/14 - $67.68
52 Week Low
05/15/14 - $56.04
Market Cap
4.3B
Average Volume 10 Days
385.1K
EPS TTM
$3.80
Shares Outstanding
69.7M
EX-Date
06/12/14
P/E TM
16.1x
Dividend
$0.96
Dividend Yield
1.53%
Current Stock Chart for PROSPERITY BANCSHARES INC (PB)

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prosperity bancshares inc (PB) 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.

prosperity bancshares inc (PB) 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
Executive Vice President, Chief Lending Offic...
Total Annual Compensation: $611.3K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $606.7K
Compensation as of Fiscal Year 2013.

prosperity bancshares inc (PB) Key Developments

Prosperity Bancshares Inc. Presents at US Regional Leaders Bank Conference, Jun-09-2014

Prosperity Bancshares Inc. Presents at US Regional Leaders Bank Conference, Jun-09-2014 . Venue: London, United Kingdom. Speakers: Charlotte M. Rasche, Executive Vice President, General Counsel, Senior Executive Vice President of Prosperity Bank and General Counsel of Prosperity Bank, David Hollaway, Chief Financial Officer, Executive Vice President, Principal Accounting Officer, Chief Financial Officer of Prosperity Bank and Senior Vice President of Prosperity Bank, Edward J. Henry, Vice Chairman of Dallas Area Banking Centers, Randy Hester, Executive Vice President, Chief Lending Officer of Prosperity Bank and Senior Executive Vice President of Prosperity Bank.

Prosperity Bancshares Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Net Charge-Offs for the First Quarter Ended March 31, 2014

Prosperity Bancshares Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced total interest income of $154,248,000 compared to $118,031,000 for the same period a year ago. Net interest income was $143,691,000 compared to $108,082,000 for the same period a year ago. The increase was primarily due to a 25.1% increase in average interest earning assets. Net income before taxes was $100,661,000 compared to $72,956,000 for the same period a year ago. Net income available to common shareholders was $67,137,000 compared to $49,305,000 for the same period a year ago. Diluted earnings per share were $1.01 compared to $0.86 for the same period a year ago. Return on average assets was 1.43% compared to 1.33% for the same period a year ago. Return on average common equity was 9.52% compared to 9.23% for the same period a year ago. Return on average tangible common equity was 24.23% compared to 22.30% for the same period a year ago. Book value per share was $42.87 compared to $37.70 for the same period a year ago. Tangible book value per share was $17.04 compared to $15.56 for the same period a year ago. Net income available to common shareholders, adjusted was $59,460,000 compared to $41,745,000 for the same period a year ago. The increase net interest income was primarily due to a 25.1% increase in average interest-earning assets for the same period. The company announced net charge offs were $786,000 for the three months ended March 31, 2014 compared with $496,000 for the three months ended December 31, 2013 and $315,000 for the three months ended March 31, 2013.

Prosperity Bancshares Inc. Declares Second Quarter Cash Dividend, Payable on July 1, 2014

Prosperity Bancshares Inc. declared a second quarter cash dividend of $0.240, to be paid on July 1, 2014 to all shareholders of record as of June 16, 2014.

 

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Industry Analysis

PB

Industry Average

Valuation PB Industry Range
Price/Earnings 16.4x
Price/Sales 6.7x
Price/Book 1.5x
Price/Cash Flow 18.2x
TEV/Sales 5.6x
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