Prosperity Bancshares (PB) Tops Q1 EPS by 2c

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Go back to Prosperity Bancshares (PB) Tops Q1 EPS by 2c

PROSPERITY BANCSHARES, INC.® REPORTS FIRST QUARTER 2023 EARNINGS

April 26, 2023 6:30 AM EDT

First quarter net income of $124.7 million and earnings per share (diluted) of $1.37Loans, excluding Warehouse Purchase Program loans, increased $436.0 million or 2.4% (9.6% annualized) during first quarter 2023Allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program loans, of 1.52%(1)Nonperforming assets remain low at 0.07% of first quarter average interest-earning assetsReturn (annualized) on first quarter average assets of 1.31%, average common equity of 7.38%, average tangible common equity of 14.34%(1), and efficiency ratio of 43.68%Repurchased 611,263 shares of... More