Prosperity Bancshares (PB) Reports In-Line Q2 EPS

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Go back to Prosperity Bancshares (PB) Reports In-Line Q2 EPS

Prosperity Bancshares, Inc.® Reports Second Quarter 2015 Earnings

July 24, 2015 6:05 AM EDT

HOUSTON, July 24, 2015 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended June 30, 2015 of $71.932 million or $1.03 per diluted common share. Additionally, nonperforming assets remain low at 0.19% of second quarter average earning assets with return on second quarter average assets of 1.33%.

"Texas, which has been the top state in job creation for the past decade, continues to produce opportunities and growth in employment despite the struggling oil and gas industry.  Texas payrolls increased by 16,700 workers in June, while unemployment fell to 4.2%. ... More