PB Stock Recent News

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Prosperity Bancshares (PB) have what it takes?

PB's first-quarter 2025 results top estimates on higher NII & adjusted non-interest income alongside nil provisions. However, high expenses remain a woe.

Prosperity Bancshares, Inc. (NYSE:PB ) Q1 2025 Earnings Conference Call April 23, 2025 11:30 AM ET Company Participants Charlotte Rasche - EVP and General Counsel David Zalman - Senior Chairman and CEO Asylbek Osmonov - CFO Tim Timanus - Chairman Kevin Hanigan - President and COO Conference Call Participants Manan Gosalia - Morgan Stanley Catherine Mealor - KBW Michael Rose - Raymond James Peter Winter - D.A. Davidson Jon Arfstrom - RBC Capital Ebrahim Poonawala - Bank of America Operator Good day, and welcome to the Prosperity Bancshares First Quarter 2025 Earnings Conference Call.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Prosperity Bancshares (PB) have what it takes?

Prosperity Bancshares, Inc.'s Q1 earnings beat expectations with $130.2 million net income, driven by controlled expenses and improved net interest margins. PB stock is attractive relative to book value, trading at a discount, and is considered a buy in the $60s. Loans and deposits saw slight declines, but the net interest margin improved to 3.14%, enhancing earnings power.

While the top- and bottom-line numbers for Prosperity Bancshares (PB) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Prosperity Bancshares (PB) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.18 per share a year ago.

First quarter earnings per share (diluted) of $1.37, an increase of 16.1% compared to first quarter 2024 First quarter net income increased 17.9% to $130.2 million compared to first quarter 2024 First quarter net interest margin increased 35 basis points to 3.14% compared to first quarter 2024 Noninterest-bearing deposits of $9.7 billion, representing 34.5% of total deposits Borrowings decreased $500.0 million during first quarter 2025 Allowance for credit losses on loans and on off-balance sheet credit exposure of $386.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.67%(1) Nonperforming assets remain low at 0.24% of first quarter average interest-earning assets Return (annualized) on first quarter average assets of 1.34% and average tangible common equity of 13.23%(1) Named in Forbes' 2025 America's Best Banks Ranked among "America's Best Regional Banks" by Newsweek in 2025 Named Best Overall Bank in Texas by Money for 2025

Prosperity Bancshares (PB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Get a deeper insight into the potential performance of Prosperity Bancshares (PB) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.