prosperity bancshares inc
(PB:New York Consolidated)
prosperity bancshares inc (PB) Snapshot
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Open
$48.95
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Previous Close
$48.72
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Day High
$49.47
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Day Low
$48.77
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52 Week High
05/17/13 - $49.47
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52 Week Low
10/23/12 - $38.56
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Market Cap
3.0B
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Average Volume 10 Days
227.0K
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EPS TTM
$3.32
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Shares Outstanding
60.3M
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EX-Date
03/13/13
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P/E TM
14.9x
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Dividend
$0.86
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Dividend Yield
1.66%
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Related News
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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, 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, 2012, Prosperity Bank operated 213 full-service banking centers, including 59 in the Houston area; 20 in the South Texas area consisting of Corpus Christi and Victoria; 35 in the Dallas/Fort Worth area; 21 in the East Texas area; 34 in the Central Texas area comprising Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa, and Abilene; and 10 in the Bryan/College Station area. The company was founded in 1983 and is headquartered in Houston, Texas.
prosperity bancshares inc (PB) Top Compensated Officers
prosperity bancshares inc (PB) Key Developments
Prosperity Bancshares Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total interest income of $118,031,000 against $91,616,000 a year ago. Net interest income was $108,082 against $81,846,000 a year ago. Net income before taxes was $72,956,000 against $55,182,000 a year ago. Net income available to common shareholders was $49,305,000 against $36,487,000 a year ago. Diluted earnings per share were $0.86 against $0.77 a year ago. Return on average assets was 1.33% against 1.36% a year ago. Return on average common equity was 9.23% against 9.15% a year ago. Return on average tangible common equity was 22.30% against 22.57% a year ago. Book value per share was $37.70 against $34.03 a year ago. Tangible book value per share was $15.56 against $13.98 a year ago. The company recorded net charge-offs of $315,000 compared to $102,000 reported a year ago.
Prosperity Bancshares Inc. announced that they will report Q1, 2013 results at 9:00 AM, Eastern Standard Time on Apr 24, 2013
Prosperity Bancshares Inc., Q1 2013 Earnings Call, Apr 24, 2013
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| PB:US | $49.34 USD | +0.62 |  |
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Industry Analysis
PB
Industry Average
| Valuation | PB | Industry Range |
| Price/Earnings | 14.7x |
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| Price/Sales | 5.7x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 16.2x |
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| TEV/Sales | 3.4x |
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Post a JobJobs
- New York, NY |Posted: May 17
- San Francisco, CA | YelpPosted: May 02
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- New York, NY | New York UniversityPosted: Apr 19
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To contact PROSPERITY BANCSHARES INC, please visit www.prosperitybanktx.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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