PB Stock - Prosperity Bancshares, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.74B | $1.56B | $1.20B | $1.15B | $1.24B |
| Gross Profit | $1.14B | $1.05B | $1.11B | $1.10B | $1.10B |
| Gross Margin | 65.2% | 67.4% | 92.5% | 95.3% | 89.2% |
| Operating Income | $612.66M | $534.46M | $666.17M | $659.65M | $645.03M |
| Net Income | $479.39M | $419.32M | $524.52M | $519.30M | $528.90M |
| Net Margin | 27.5% | 26.9% | 43.6% | 45.1% | 42.8% |
| EPS | $5.05 | $4.51 | $5.73 | $5.60 | $5.68 |
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. As of December 31, 2021, the company operated 273 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 63 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 30th 2025 | Hovde Group | Reiterated | Outperform | $80← $83 |
| September 25th 2025 | TD Cowen | Initiation | Buy | $79 |
| September 15th 2025 | Citigroup | Downgrade | Neutral | $68 |
| September 10th 2025 | Cantor Fitzgerald | Initiation | Overweight | $78 |
| July 24th 2025 | Hovde Group | Reiterated | Outperform | $83← $85 |
| May 21st 2025 | Jefferies | Initiation | Buy | $85 |
| April 25th 2025 | Hovde Group | Reiterated | Outperform | $80← $90 |
| January 7th 2025 | BofA Securities | Upgrade | Neutral | $80 |
| December 5th 2024 | Wolfe Research | Downgrade | Peer Perform | - |
| October 15th 2024 | DA Davidson | Downgrade | Neutral | $78← $80 |
| September 24th 2024 | Wedbush | Upgrade | Outperform | $90← $75 |
| September 20th 2024 | Truist | Downgrade | Hold | $79← $81 |
| September 17th 2024 | Raymond James | Downgrade | Outperform | $80 |
| August 26th 2024 | Hovde Group | Reiterated | Outperform | $82.5← $80.5 |
| August 5th 2024 | Morgan Stanley | Upgrade | Overweight | $86← $75 |
Earnings History & Surprises
PBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 21, 2026 | — | — | — | — |
Q1 2026 | Jan 28, 2026 | $1.46 | — | — | — |
Q4 2025 | Oct 29, 2025 | $1.45 | $1.45 | 0.0% | = MET |
Q3 2025 | Jul 23, 2025 | $1.40 | $1.42 | +1.4% | ✓ BEAT |
Q2 2025 | Apr 23, 2025 | $1.35 | $1.37 | +1.5% | ✓ BEAT |
Q1 2025 | Jan 29, 2025 | $1.33 | $1.37 | +3.0% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $1.31 | $1.34 | +2.3% | ✓ BEAT |
Q3 2024 | Jul 24, 2024 | $1.18 | $1.17 | -0.8% | ✗ MISS |
Q2 2024 | Apr 24, 2024 | $1.16 | $1.18 | +1.7% | ✓ BEAT |
Q1 2024 | Jan 24, 2024 | $1.17 | $1.02 | -12.8% | ✗ MISS |
Q4 2023 | Oct 25, 2023 | $1.15 | $1.20 | +4.3% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $1.15 | $0.94 | -18.3% | ✗ MISS |
Q2 2023 | Apr 26, 2023 | $1.34 | $1.37 | +2.2% | ✓ BEAT |
Q1 2023 | Jan 25, 2023 | $1.49 | $1.51 | +1.3% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $1.49 | $1.49 | 0.0% | = MET |
Q3 2022 | Jul 27, 2022 | $1.38 | $1.40 | +1.4% | ✓ BEAT |
Q2 2022 | Apr 27, 2022 | $1.30 | $1.33 | +2.3% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $1.37 | $1.38 | +0.7% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $1.37 | $1.39 | +1.5% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $1.39 | $1.41 | +1.4% | ✓ BEAT |
Latest News
Barclays Maintains Equal-Weight on Prosperity Bancshares, Raises Price Target to $83
➖ NeutralBarclays Maintains Equal-Weight on Prosperity Bancshares, Lowers Price Target to $82
➖ NeutralAmerican Bank Holding Shareholders Approve The Previously Announced Proposed Merger Of American With And Into Prosperity Bancshares
📈 PositiveTD Cowen Maintains Buy on Prosperity Bancshares, Raises Price Target to $83
📈 PositiveRaymond James Reiterates Outperform on Prosperity Bancshares, Raises Price Target to $77
📈 PositivePiper Sandler Maintains Overweight on Prosperity Bancshares, Lowers Price Target to $77
➖ NeutralStephens & Co. Maintains Overweight on Prosperity Bancshares, Raises Price Target to $81
📈 PositiveProsperity Bancshares Q3 Adj. EPS $1.45 Beats $1.44 Estimate, Sales $314.673M Miss $317.546M Estimate
➖ NeutralProsperity Bancshares Increases Quarterly Common Stock Dividend To $0.60 Per Share, Representing 3.45% Growth From Prior Quarter
📈 PositiveRBC Capital Maintains Sector Perform on Prosperity Bancshares, Lowers Price Target to $72
➖ NeutralProsperity Bancshares To Acquire Southwest And Texas Partners For Total Consideration Of ~$268.9M; Deal Expected To Close In Q1 2026
📈 PositiveTD Cowen Initiates Coverage On Prosperity Bancshares with Buy Rating, Announces Price Target of $79
📈 PositiveCitigroup Downgrades Prosperity Bancshares to Neutral, Lowers Price Target to $68
📉 NegativeCantor Fitzgerald Initiates Coverage On Prosperity Bancshares with Overweight Rating, Announces Price Target of $78
📈 PositiveCitigroup Maintains Buy on Prosperity Bancshares, Raises Price Target to $78
📈 PositiveFrequently Asked Questions about PB
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