PB
Prosperity Bancshares, Inc.71.50
-0.50-0.69%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Flat loans, aggressive buybacks signaled
Q&A sketched flat Q4 loan growth from payoffs and fierce competition, eyeing low single-digits organic in 2026 plus pending acquisitions despite mild runoff. Management vows aggressive buybacks next week at 'ridiculous' prices, eyeing 15x earnings like recent deals. NIM tailwinds roll on 12-36 months via $5B repricing opportunity, even post-cuts. NPAs rose from discontinued regulatory single-family loans in underserved areas. Texas economy moderates slightly amid out-of-state rivals, offset by local loyalty. Prices are ridiculous. Watch acquisition closes and buyback pace.
Key Stats
Market Cap
6.79BP/E (TTM)
12.77Basic EPS (TTM)
5.60Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Prosperity Bancshares posted Q3 net income of $137.6M, up 8.1% y/y, with diluted EPS steady at $1.45 on 95.1M shares. Net interest income climbed 4.5% y/y to $273.4M as funding costs eased—deposit expense fell to 1.4% from 1.9% (derived), other borrowings dropped $1.4B y/y—lifting NIM to 3.24% from 2.95%. Noninterest expense dipped 1.2% y/y while no provision hit (flat y/y); cash holds $1.77B, FHLB debt $2.4B due short-term. Lone Star integration wrapped; American, Southwest deals pending. Non-GAAP metrics not disclosed in the 10-Q. Loans soured mildly to 0.54% NPA.
8-K
Q3 earnings rise; merger signed
Prosperity Bancshares posted Q3 net income of $137.6 million, up 8.1% from last year, with EPS at $1.45 and net interest margin expanding to 3.24%. Deposits grew $308.7 million while borrowings dropped $500 million, keeping nonperforming assets low at 0.36%. Signed a merger with Southwest Bancshares for 4.06 million shares valued at $268.9 million, adding San Antonio branches; pending American Bank deal eyes Q4 close. Board hiked dividend to $0.60 per share. Mergers hinge on approvals.
8-K
Prosperity announces Southwest acquisition
Prosperity Bancshares signed a definitive merger agreement on October 1, 2025, to acquire Southwest Bancshares, issuing 4,062,520 shares of common stock—valued at ~$268.9 million based on $65.97 closing price—for its outstanding stock and restricted awards, with options converting to cash. Deal adds 11 Central Texas branches, bolstering San Antonio and Austin footprints alongside pending American Bank acquisition; closes Q1 2026 pending approvals. Key executives join Prosperity. Regulatory hurdles loom.
10-Q
Q2 FY2025 results
Prosperity Bancshares posted solid Q2 results, with net income climbing 21% year-over-year to $135.2 million and diluted EPS holding steady at $1.42 on 95.3 million weighted-average shares—no dilution quirks here. Net interest income rose 3.5% to $267.7 million, fueled by lower rates on deposits and borrowings that boosted the margin to 3.18% from 2.94%, though loan yields dipped slightly while securities balances shrank. Noninterest income slipped 6.6% without last year's securities gains, yet expenses fell 9.3% sans merger costs, trimming the efficiency ratio to 44.8%. Loans edged up 0.2% to $22.2 billion, deposits dipped 3.2% to $27.5 billion, cash stood at $1.3 billion, and FHLB debt eased to $2.9 billion with full availability. The Lone Star merger wrapped smoothly last year, adding $106.7 million in goodwill; a pending American Bank deal eyes Q4 close for $321.5 million in stock. Non-GAAP metrics not disclosed in the 10-Q. Rising nonperforming assets to 0.50% of loans signal credit watch.
8-K
Q2 earnings surge, merger announced
Prosperity Bancshares reported Q2 2025 net income of $135.2 million, up 21.1% from last year, with diluted EPS at $1.42 and net interest margin expanding to 3.18%. Loans grew $219.8 million quarter-over-quarter, while nonperforming assets ticked up slightly to 0.33% of average interest-earning assets. The bank signed a definitive merger agreement with American Bank Holding Corporation on July 18, 2025, issuing 4,439,981 shares valued at $321.5 million to bolster its South and Central Texas footprint; closing is expected in Q4 2025 or Q1 2026. Merger integration risks loom large.
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