Prosperity Bancshares (PB) Tops Q2 EPS by 2c

Go back to Prosperity Bancshares (PB) Tops Q2 EPS by 2c

Prosperity Bancshares, Inc.® Reports Second Quarter 2021 Earnings

July 28, 2021 6:30 AM EDT

HOUSTON, July 28, 2021 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income of  $130.6 million for the quarter ended June 30, 2021 compared with $130.9 million for the same period in 2020. Net income per diluted common share was $1.41 for the quarter ended June 30, 2021, unchanged from the same period in 2020, and the annualized return on second quarter average assets was 1.45%. The second quarter of 2020 includes a tax benefit for net operating losses ("NOL") of $20.1 million, or $0.22(1) per diluted common share, as a result of the enactment of the... More