Prosperity Bancshares, Inc.® Reports Third Quarter 2019 Earnings
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Prosperity Bancshares (PB) Tops Q3 EPS by 1c
October 23, 2019 6:32 AM EDTProsperity Bancshares (NYSE: PB) reported Q3 EPS of $1.19, $0.01 better than the analyst estimate of $1.18.
Third quarter earnings per common share (diluted) of $1.19Third quarter net income of $81.758 millionNonperforming assets remain low at 0.26% of third quarter average interest-earning assetsReturn (annualized) on third quarter average assets of 1.47% Returns (annualized) on third quarter average common equity of 7.89% and average tangible common equity of 14.77%(1)Loans increased $85.970 million or 3.2% (annualized) during the third quarter 2019Increase in dividend of 12.2% to $0.46 for the fourth quarter 2019Received all... More