Prosperity Bancshares (PB) Tops Q1 EPS by 3c

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Go back to Prosperity Bancshares (PB) Tops Q1 EPS by 3c

PROSPERITY BANCSHARES, INC.® REPORTS FIRST QUARTER 2022 EARNINGS

April 27, 2022 6:30 AM EDT

- First quarter net income of $122.3 million and earnings per share (diluted) of $1.33

- Deposits increased $296.5 million or 1.0% (3.9% annualized) during the first quarter 2022

- Allowance for credit losses on loans and on off-balance sheet credit exposure of $315.1 million

- Allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, of 1.71%(1)

- Nonperforming assets remain low at 0.08% of first quarter average interest-earning assets

- Return (annualized) on first quarter average assets of 1.29%

- Returns (annualized) on first quarter average common equity of 7.54% and... More