Prosperity Bancshares (PB) Misses Q1 EPS by 7c

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Go back to Prosperity Bancshares (PB) Misses Q1 EPS by 7c

Prosperity Bancshares, Inc.® Reports First Quarter 2018 Earnings

April 25, 2018 6:30 AM EDT

HOUSTON, April 25, 2018 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended March 31, 2018 of $74.361 million or $1.07 per diluted common share. Additionally, nonperforming assets remain low at 0.17% of first quarter average interest-earning assets.

"The Texas and Oklahoma economies continue to grow helped by the diversity of business, low or no state income tax, a business friendly climate and a strong tailwind from an improving energy industry.  The Dallas Federal Reserve Bank is projecting 3.4% job growth for Texas in 2018, or 418,000... More