Last €44.80 EUR
Change Today +0.35 / 0.79%
Volume 0.0
PPY On Other Exchanges
Symbol
Exchange
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As of 9:41 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

prosperity bancshares inc (PPY) Snapshot

Open
€44.07
Previous Close
€44.45
Day High
€44.80
Day Low
€44.07
52 Week High
04/4/14 - €48.87
52 Week Low
07/31/13 - €40.16
Market Cap
3.1B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
69.7M
EX-Date
06/12/14
P/E TM
--
Dividend
€0.95
Dividend Yield
1.55%
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.

3,199 Employees
Last Reported Date: 07/25/14
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
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 (PPY) Key Developments

Prosperity Bancshares Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge Offs for the Second Quarter of 2014

Prosperity Bancshares Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $186,503,000 compared to $129,302,000 a year ago. Net interest income was $174,055,000 compared to $118,742,000 a year ago. Net interest income increased 46.6%. The increase was primarily due to a 30.7% increase in average interest-earning assets. Income before income taxes was $113,035,000 compared to $80,166,000 a year ago. Net income available to common shareholders was $75,506,000 compared to $53,844,000 a year ago. Basic and diluted EPS was $1.08 compared to $0.89 a year ago. Return on average assets was 1.42% compared to 1.33% a year ago. Return on average common equity was 9.75% compared to 9.27% a year ago. Return on average tangible common equity was 24.06% compared to 22.32% a year ago. For the six months, the company reported total interest income of $340,751,000 compared to $247,333,000 a year ago. Net interest income was $317,746,000 compared to $226,824,000 a year ago. Income before income taxes was $213,696,000 compared to $153,122,000 a year ago. Net income available to common shareholders was $142,643,000 compared to $103,149,000 a year ago. Basic and diluted EPS was $2.10 compared to $1.76 a year ago. Return on average assets was 1.43% compared to 1.33% a year ago. Return on average common equity was 9.72% compared to 9.25% a year ago. Return on average tangible common equity was 24.12% compared to 22.31% a year ago. Book value per share was $44.74 compared to $38.88 a year ago. Tangible book value per share was $17.05 compared to $16.05 a year ago. Net charge offs were $155,000 for the three months ended June 30, 2014, compared with $786,000 for the three months ended March 31, 2014 and $1.423 million for the three months ended June 30, 2013.

Prosperity Bancshares Inc. to Report Q2, 2014 Results on Jul 25, 2014

Prosperity Bancshares Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 25, 2014

Prosperity Bancshares Inc., Q2 2014 Earnings Call, Jul 25, 2014

Prosperity Bancshares Inc., Q2 2014 Earnings Call, Jul 25, 2014

 

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Industry Analysis

PPY

Industry Average

Valuation PPY Industry Range
Price/Earnings 14.8x
Price/Sales 6.1x
Price/Book 1.3x
Price/Cash Flow 15.8x
TEV/Sales 4.2x
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