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 2016 Earnings

October 26, 2016 6:30 AM EDT

HOUSTON, Oct. 26, 2016 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended September 30, 2016 of $68.651 million or $0.99 per diluted common share. Additionally, nonperforming assets remain low at 0.32% of third quarter average earning assets.

"I am pleased to share the positive earnings we had for the third quarter of 2016. We showed impressive annualized returns on third quarter average tangible common equity of 16.79% and on third quarter average assets of 1.27%.   I am also excited to announce that our Board raised the... More