Prosperity Bancshares (PB) Reports In-Line Q1 EPS

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Go back to Prosperity Bancshares (PB) Reports In-Line Q1 EPS

Prosperity Bancshares, Inc.® Reports First Quarter 2015 Earnings

April 24, 2015 6:03 AM EDT

HOUSTON, April 24, 2015 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended March 31, 2015 of $73.641 million, an increase of $6.504 million or 9.7%, compared with $67.137 million in net income for the quarter ended March 31, 2014. Additionally, diluted earnings per share increased 4.0% to $1.05 per diluted common share for the quarter ended March 31, 2015 compared with $1.01 per diluted common share for the same period in 2014.

"Despite a lot of press and articles concerning the demise of the Texas and Oklahoma economies due... More