Prosperity Bancshares (PB) Tops Q2 EPS by 1c

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PROSPERITY BANCSHARES, INC.® REPORTS SECOND QUARTER 2022 EARNINGS

July 27, 2022 6:30 AM EDT

Second quarter net income of $128.5 million and earnings per share (diluted) of $1.40Second quarter net income increased $6.2 million or 5.0% compared to the first quarter 2022Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased $406.9 million or 2.4% (9.8% annualized) during the second quarter 2022Allowance for credit losses on loans and on off-balance sheet credit exposure of $313.9 millionAllowance for credit losses on loans to total loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, of 1.67%(1)Nonperforming assets remain low at 0.07%... More