Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
12 November 1998Website:
http://www.prosperitybankusa.comNext earnings report:
24 January 2025Last dividends:
13 September 2024Next dividends:
13 December 2024Price
after hours | Fri, 22 Nov 2024 23:02:27 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
PB Latest News
PB's third-quarter 2024 results beat estimates on higher NII, higher loans, and deposits. Yet, higher costs and lower adjusted non-interest income are woes.
Prosperity Bancshares, Inc. (NYSE:PB ) Q3 2024 Earnings Conference Call October 23, 2024 11:30 AM ET Company Participants Charlotte Rasche - Executive Vice President and General Counsel David Zalman - Senior Chairman and Chief Executive Officer Tim Timanus - Chairman Asylbek Osmonov - Chief Financial Officer Edward Safady - Vice Chairman Kevin Hanigan - President and Chief Operating Officer Randy Hester - Chief Lending Officer Mays Davenport - Director of Corporate Strategy Bob Dowdell - Executive Vice President Conference Call Participants Manan Gosalia - Morgan Stanley Catherine Mealor - KBW Ebrahim Poonawala - Bank of America Matt Oney - Stevens Peter Winter - D.A. Davidson Operator Good morning, and welcome to the Prosperity Bancshares' Third Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for Prosperity Bancshares (PB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Get a deeper insight into the potential performance of Prosperity Bancshares (PB) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Prosperity Bancshares (PB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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?
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 has achieved a 25% return in 3 months, driven by market expectations of rate cuts, enhancing credit demand prospects. PB's strategic location in high-growth Texas and Oklahoma MSAs, combined with potential rate cuts, could unlock significant lending opportunities and improve net interest margins. The bank's strong dividend history, strategic acquisitions, and solid financial metrics (CET1 above 15%, Loan-to-Deposit ratio of 80%) support a buy rating with 21% upside potential.
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?
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?
What type of business is Prosperity Bancshares?
Prosperity Bancshares, Inc. is a regional financial holding company that provides a wide range of financial products and services to businesses and consumers in Texas and Oklahoma. The company was formed in 1983 and is headquartered in Houston, Texas. The company has over 250 branches that offer a full range of traditional deposit and loan services. Prosperity Bancshares, Inc. generates a large portion of its revenue from interest income on loans, service charges and fees on customer accounts, and income from investments in securities. The company also earns revenue from various additional products and services, including trust services, mortgage lending, brokerage services, credit cards, and sponsor operations of independent trading organizations.
What sector is Prosperity Bancshares in?
Prosperity Bancshares is in the Financial Services sector
What industry is Prosperity Bancshares in?
Prosperity Bancshares is in the Banks - Regional industry
What country is Prosperity Bancshares from?
Prosperity Bancshares is headquartered in United States
When did Prosperity Bancshares go public?
Prosperity Bancshares initial public offering (IPO) was on 12 November 1998
What is Prosperity Bancshares website?
https://www.prosperitybankusa.com
Is Prosperity Bancshares in the S&P 500?
No, Prosperity Bancshares is not included in the S&P 500 index
Is Prosperity Bancshares in the NASDAQ 100?
No, Prosperity Bancshares is not included in the NASDAQ 100 index
Is Prosperity Bancshares in the Dow Jones?
No, Prosperity Bancshares is not included in the Dow Jones index
When was Prosperity Bancshares the previous earnings report?
No data
When does Prosperity Bancshares earnings report?
The next expected earnings date for Prosperity Bancshares is 24 January 2025