PB Stock Recent News

Prosperity Bancshares' (PB) second-quarter earnings beat estimates on the back of higher NII, loans and deposit balances and lower provisions. Yet, a lower non-interest income and higher expenses are woes.

Prosperity Bancshares, Inc. (NYSE:PB ) Q2 2024 Earnings Conference Call July 24, 2024 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 Peter Winter - D. A. Davidson Manan Gosalia - Morgan Stanley Dave Rochester - Compass Point Catherine Mealor - KBW Brett Rabatin - Hovde Group Michael Rose - Raymond James Brandon King - Truist Securities Jared Shaw - Barclays Jon Arfstrom - RBC Capital Markets Operator Good day, and welcome to the Prosperity Bancshares Second Quarter 2024 Earnings Conference Call.

Although the revenue and EPS for Prosperity Bancshares (PB) give a sense of how its business performed in the quarter ended June 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 $1.22 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.21 per share a year ago.

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 (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.

HOUSTON , July 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the third quarter of 2024, payable October 1, 2024, to shareholders of record as of September 13, 2024. Prosperity Bancshares, Inc.® As of March 31, 2024, Prosperity Bancshares, Inc.® is a $38.757 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.

Prosperity Bancshares (PB) is well-positioned for growth given strategic acquisitions, improving deposit mix and decent loan demand. However, contracting NIM and weak mortgage income are woes.

HOUSTON , June 26, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Second Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, July 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.