PB Stock Recent News

Prosperity Bancshares offered a 60% return over 15 months; consider locking in gains and holding a house money position for long-term wealth. Q4 earnings beat expectations with $307.6 million in revenue and $1.37 EPS, but the stock is pricey at $82.50. Loans dipped to $22.15 billion, but deposits rose to $28.38 billion; asset quality metrics and return metrics improved.

Although the revenue and EPS for Prosperity Bancshares (PB) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Prosperity Bancshares (PB) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.19 per share a year ago.

HOUSTON , Jan. 22, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the first quarter of 2025, payable April 1, 2025, to shareholders of record as of March 14, 2025.  Prosperity Bancshares, Inc.® As of September 30, 2024, Prosperity Bancshares, Inc.® is a $40.115 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and small to medium sized businesses throughout Texas and Oklahoma.

Prosperity Bancshares (PB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HOUSTON , Jan. 21, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.® (the "Company") (NYSE: PB), the parent company of Prosperity Bank®, today announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 5%, or approximately 4.8 million shares, of its outstanding common stock over a one-year period expiring on January 21, 2026, at the discretion of management. Repurchases under this program may be made from time to time in open market transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

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.

PB is well-poised for growth given strategic buyouts, improving deposit mix and decent loan demand. Yet, contracting NIM and weak mortgage income are woes.

HOUSTON , Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024.  The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter.

Prosperity Bancshares (PB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.