Prosperity (PRSP) Beats Q3 Street EPS; Reports Increased Revs
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Prosperity Bancshares (NASDAQ: PRSP) reports Q3 EPS of $0.63, cents better than the analyst estimate of $0.61. Net Income for the quarter was $24.56 million, which compares to $19.80 million for the same period last year.
Net interest revenues were $77.41 million, an increase of 33.9% over $57.80 million for the same period in 2008.
Net non-interest income increased 16.2% to $15.23 million, compared with $13.11 million in 2008.
Deposits were $7.118 billion, and increase of $2.013 (39.4%) over $5.105 billion Q308.
"I am proud to report our team's outstanding performance during the past quarter," commented David Zalman, Chairman and Chief Executive Officer. "Our bankers are competing well in all of our markets and we continue to believe our strong asset quality and strong earnings capacity will lead to future opportunities."
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