Key Details
Price
$73.59Last Dividend
$0.58Annual Revenue
$1.07 BAnnual EPS
$4.51Annual ROE
6.09%Beta
0.71Events Calendar
Next earnings date:
Jan 29, 2025Recent quarterly earnings:
Oct 23, 2024Recent annual earnings:
Jan 24, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 13, 2024Next split:
N/ARecent split:
June 03, 2002Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Prosperity Bancshares (PB) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
Prosperity Bancshares has performed well and has strong fundamentals, but a recent increase in its stock price indicates that a more careful stance is needed, leading to a hold rating. The bank's focus on markets in Texas and Oklahoma, especially in cities like Austin, Dallas, and Houston, sets it up for potential growth. However, even with high-quality deposits and low costs, loan growth is slow because of high interest rates and economic uncertainty.
PB's results for the third quarter of 2024 exceeded expectations due to increased net interest income, loans, and deposits. However, they are facing challenges with rising costs and a decrease in adjusted non-interest income.
Prosperity Bancshares, Inc. (NYSE:PB) will hold its Q3 2024 Earnings Conference Call on October 23, 2024, at 11:30 AM ET. The call will feature several company leaders, including Executive Vice President Charlotte Rasche and CEO David Zalman. Participants from various financial institutions will also join the call to discuss the earnings report.
The financial results for Prosperity Bancshares (PB) provide an overview of the company's performance for the quarter ending in September 2024. It may be helpful to compare some important metrics to Wall Street predictions and figures from the same period last year.
To better understand how Prosperity Bancshares (PB) might perform in the quarter ending September 2024, look past Wall Street's basic profit and loss predictions. Instead, focus on the forecasts for some of its important metrics. This will give you a clearer picture of the company's potential performance.
Prosperity Bancshares (PB) lacks the necessary elements that could lead to a strong earnings report in the near future. Be ready for the main expectations.
Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Does Prosperity Bancshares (PB) meet the criteria?
Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Is Prosperity Bancshares (PB) a strong candidate for this?
Prosperity Bancshares has seen a 25% return in just three months, thanks to market predictions of interest rate cuts that could boost credit demand. Its prime locations in rapidly growing areas of Texas and Oklahoma, along with these potential rate cuts, may lead to valuable lending opportunities and better net interest margins. The bank's impressive dividend record, smart acquisitions, and strong financial indicators (CET1 over 15% and a Loan-to-Deposit ratio of 80%) justify a buy rating with a possible 21% increase in value.
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