Prosperity Bancshares Q3 Earnings Beat on Higher NII, Stock Up 1% [Yahoo! Finance]
Prosperity Bancshares, Inc. (PB)
Last prosperity bancshares, inc. earnings: 4/29 06:30 am
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US:NYSE Investor Relations:
prosperitybankusa.com/press.aspx
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Source: Yahoo! Finance
Its adjusted earnings per share (EPS) of $1.34 beat the Zacks Consensus Estimate of $1.30. Moreover, the bottom line compared favorably with adjusted earnings of $1.21 in the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results benefited from an increase in net interest income (NII). Further, a rise in deposits and loans was another positive. Nevertheless, a fall in adjusted non-interest income and rising expenses were major headwinds. During the quarter, provisions remained stable. The reported quarter's results excluded a $0.05 million merger-related expense and a $0.2 million net gain on the sale or write-up of securities, which were negligible to earnings. After considering these, net income available to common shareholders was $127.3 million, up from $112.2 million in the year-ago quarter. Quarterly adjusted total revenues were $299.4 million, which increased 7.6% from the prior-year quarter. However, the top line marginall
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News
- Prosperity Bancshares, Inc. (NYSE: PB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Prosperity Bancshares, Inc. (NYSE: PB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Prosperity Bancshares, Inc. (NYSE: PB) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $77.00 price target on the stock.MarketBeat
- Prosperity Bancshares, Inc. (NYSE: PB) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $90.00 price target on the stock.MarketBeat
- Prosperity Bancshares, Inc. (NYSE: PB) had its price target raised by analysts at Barclays PLC from $75.00 to $76.00. They now have an "equal weight" rating on the stock.MarketBeat
PB
Earnings
- 10/23/24 - Beat
PB
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- 11/18/24 - Form 144
- PB's page on the SEC website