Prosperity Bancshares (PB) Misses Q2 EPS by 1c
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Prosperity Bancshares, Inc.® Reports Second Quarter 2017 Earnings
July 26, 2017 6:30 AM EDTHOUSTON, July 26, 2017 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended June 30, 2017 of $68.554 million or $0.99 per diluted common share. Additionally, nonperforming assets remain low at 0.24% of second quarter average interest-earning assets.
"Prosperity reported $68.554 million in net income for the second quarter of 2017. These results reflect a 15.39% annualized return on tangible common equity and a 1.22% annualized return on quarterly average assets. These returns are some of the best in the business and are evidence of Prosperity's strong core... More
