Prosperity Bancshares agrees to buy Stellar Bancorp for $2.0B in stock and cash [Seeking Alpha]
Prosperity Bancshares, Inc. (PB)
Last prosperity bancshares, inc. earnings: 4/29 06:30 am
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US:NYSE Investor Relations:
prosperitybankusa.com/press.aspx
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Source: Seeking Alpha
at ~$2.00B, creating Texas's second-largest bank by deposits, the companies said on Wednesday. Under the terms of the agreement, Prosperity ( PB ) will issue 0.3803 shares Quick Insights It enhances Prosperity's presence in the Houston area and creates Texas's second-largest bank by deposits with complementary geographic footprints and exposure to high-growth markets. Stellar shareholders receive 0.3803 Prosperity shares and $11.36 in cash per Stellar share, representing about a 20% premium to Stellar's prior closing price. Stellar stock rose 12%, while Prosperity Bancshares stock dropped 6.1% in premarket trading after the announcement. Recommended For You More Trending News
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PB
News
- Prosperity Bancshares (NYSE:PB) was downgraded by analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating.MarketBeat
- PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH SOUTHWEST BANCSHARES, INC. [Yahoo! Finance]Yahoo! Finance
- PROSPERITY BANCSHARES, INC.® COMPLETES MERGER WITH SOUTHWEST BANCSHARES, INC.PR Newswire
- Prosperity Bancshares (NYSE:PB) had its "neutral" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Prosperity Bancshares (NYSE:PB) was downgraded by analysts at Barclays PLC from an "equal weight" rating to an "underweight" rating.MarketBeat
PB
Earnings
- 1/28/26 - Beat
PB
Sec Filings
- 2/5/26 - Form 4
- 2/2/26 - Form 8-K
- 1/29/26 - Form 4
- PB's page on the SEC website