Prosperity Bancshares (PB) Reports In-Line Q3 EPS
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October 24, 2018 6:30 AM EDT
HOUSTON, Oct. 24, 2018 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended September 30, 2018 of $82.523 million, an increase of $14.615 million or 21.5% compared with $67.908 million for the same period in 2017. Net income per diluted common share increased 20.4% to $1.18 compared with $0.98 for the same period in 2017. Additionally, loans increased 5.8% (annualized) during the third quarter of 2018 and nonperforming assets remain low at 0.08% of third quarter average interest-earning assets.
"We are pleased to announce that Prosperity will increase its quarterly dividend for the... More
