Prosperity Bancshares (PB) Tops Q4 EPS by 1c
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PROSPERITY BANCSHARES, INC.® REPORTS FOURTH QUARTER 2022 EARNINGS
January 25, 2023 6:30 AM ESTFourth quarter net income of $137.9 million and earnings per share (diluted) of $1.51Fourth quarter net income increased 8.7% compared to fourth quarter 2021Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased $518.5 million or 3.0% (11.8% annualized) during fourth quarter 2022Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased $1.422 billion or 8.5% during 2022Allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, of 1.56%(1)Nonperforming assets remain low at 0.08% of fourth quarter average interest-earning... More
