Prosperity Bancshares (PB) Reports In-Line Q3 EPS

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Go back to Prosperity Bancshares (PB) Reports In-Line Q3 EPS

Prosperity Bancshares, Inc.® Reports Third Quarter 2015 Earnings

October 23, 2015 6:05 AM EDT

HOUSTON, Oct. 23, 2015 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended September 30, 2015 of $70.598 million or $1.01 per diluted common share. Additionally, nonperforming assets remain low at 0.26% of third quarter average earning assets with an annualized return on third quarter average assets of 1.30%.

"I am excited to announce that the Prosperity Board of Directors has decided to increase the dividend payable to shareholders to $0.30 per share for the fourth quarter, representing a 10% increase.  The Board and... More