PB Stock Recent News

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Prosperity Bancshares (PB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

HOUSTON , Dec. 27, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Fourth Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, January 24, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day.  Participants will include members of Prosperity's executive management team.

Prosperity Bancshares has underperformed the S&P 500 due to negative market sentiment over regional banks and high interest rates. The bank's conservative business model and resilient performance during the Great Recession make it a reliable investment. Lower interest rates, the booming economy of Texas, and recent acquisitions position Prosperity Bancshares for future growth.

Higher non-interest income, no provisions and robust loan and deposit balance aid Prosperity Bancshares' (PB) Q3 earnings while a decline in NII and rise in expenses act as spoilsport.

Prosperity Bancshares, Inc. (NYSE:PB ) Q3 2023 Earnings Conference Call October 25, 2023 11:30 AM ET Company Participants Charlotte Rasche – Executive Vice President and General Counsel David Zalman – Senior Chairman and Chief Executive Officer Asylbek Osmonov – Chief Financial Officer H. E. Tim Timanus, Jr. – Chairman Kevin Hanigan – President and Chief Operating Officer Randy Hester – Chief Lending Officer Conference Call Participants Brady Gailey – KBW Dave Rochester – Compass Point Michael Rose – Raymond James Peter Winter – D.A.

Prosperity Bancshares (PB) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.49 per share a year ago.

HOUSTON , Sept. 27, 2023 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Third Quarter 2023 Earnings Announcement, scheduled before the market opens on Wednesday, October 25, 2023, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day.

Strategic buyouts, solid loan and deposit balance and robust balance sheet support Prosperity Bancshares (PB) amid pressure on NIM, subdued mortgage banking and high expenses.

Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen of bank stocks to highlight 10 that are expected to buck the industry trend for reduced profitability in their core businesses.

An increase in operating expenses, rise in provisions and fall in net revenues hurt Prosperity Bancshares' (PB) Q2 earnings. However, solid loan growth and higher fee income remain positives.