Prosperity Bancshares (PB) Tops Q3 EPS by 4c

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Go back to Prosperity Bancshares (PB) Tops Q3 EPS by 4c

PROSPERITY BANCSHARES, INC.® REPORTS THIRD QUARTER 2023 EARNINGS

October 25, 2023 6:30 AM EDT

Board approved increase in dividend of 1.82% to $0.56 for the fourth quarter 2023, representing the 20th annual increase with a compounded annual growth rate of 11.5%Net income of $112.2 million and diluted earnings per share of $1.20 for third quarter 2023Deposits, excluding public funds deposits, increased $259.9 million during third quarter 2023, with no brokered deposits purchasedNoninterest-bearing deposits of $10.3 billion, representing 37.6% of total depositsLoans, excluding Warehouse Purchase Program loans and loans acquired in the Merger, increased $111.1 million during third quarter... More