Last $55.37 USD
Change Today -0.04 / -0.07%
Volume 182.1K
PB On Other Exchanges
Symbol
Exchange
New York
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

prosperity bancshares inc (PB) Snapshot

Open
$55.35
Previous Close
$55.41
Day High
$55.69
Day Low
$54.92
52 Week High
03/21/14 - $67.68
52 Week Low
12/16/14 - $52.62
Market Cap
3.9B
Average Volume 10 Days
583.7K
EPS TTM
$4.17
Shares Outstanding
69.8M
EX-Date
12/11/14
P/E TM
13.3x
Dividend
$1.09
Dividend Yield
1.79%
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.

2,995 Employees
Last Reported Date: 02/28/14
Founded in 1983

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 Declares Fourth Quarter Cash Dividend, Payable on January 2, 2015

Prosperity Bancshares declared a fourth quarter cash dividend of $0.2725, an increase of 13.5% over the third quarter dividend of $0.24, to be paid on January 2, 2015 to all shareholders of record as of December 15, 2014.

Prosperity Bancshares Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter Ended September 30, 2014

Prosperity Bancshares Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $187.466 million compared to $136.213 million a year ago. Net interest income was $175.657 million compared to $126.533 million a year ago. Income before income taxes was $115.308 million compared $82.525 million a year ago. Net income available to common shareholders was $76.570 million compared to $55.278 million a year ago. Diluted earnings per share were $1.10 compared to $0.91 a year ago. Return on average assets was 1.45% compared to 1.37% a year ago. Return on average common equity was 9.69% compared to 9.31% a year ago. Return on average tangible common equity was 24.84% compared to 22.14% a year ago. Net income available to common shareholders, adjusted was $58.646 million compared to $45.802 million a year ago. Tangible book value per share was $18.01 compared to $16.76 a year ago. Net interest income before provision for credit losses increased 38.8% to $175.657 million, compared with $126.533 million during the same period in 2013. The increase was primarily due to a 28.8% increase in average interest-earning assets for the same period. For the nine months, the company reported total interest income of $528.217 million compared to $383.546 million a year ago. Net interest income was $493.403 million compared to $353.357 million a year ago. Income before income taxes was $329.004 million compared $235.647 million a year ago. Net income available to common shareholders was $219.213 million compared to $158.427 million a year ago. Diluted earnings per share were $3.19 compared to $2.67 a year ago. Return on average assets was 1.44% compared to 1.33% a year ago. Return on average common equity was 9.67% compared to 9.29% a year ago. Return on average tangible common equity was 24.38% compared to 22.21% a year ago. Tangible book value per share was $18.01 compared to $16.76 a year ago. Net income available to common shareholders, adjusted was $117.726 million compared to $135.056 million a year ago. Book value per share was $45.63 as at Sep. 30, 2014 compared to $39.57 a year ago. Net interest income before provision for credit losses increased 39.6% to $493.403 million, compared with $353.357 million during the same period in 2013. The increase was primarily due to a 28.3% increase in average interest-earning assets over the same period. For the third quarter, the company reported net charge-offs of $653,000 compared to $288,000 a year ago.

Prosperity Bancshares Inc. to Report Q3, 2014 Results on Oct 29, 2014

Prosperity Bancshares Inc. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 29, 2014

 

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Industry Analysis

PB

Industry Average

Valuation PB Industry Range
Price/Earnings 13.1x
Price/Sales 5.2x
Price/Book 1.2x
Price/Cash Flow 13.6x
TEV/Sales 3.7x
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