Prosperity Bancshares: Cost Savings, Paycheck Protection Program To Support Earnings [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
Company Research
Source: Seeking Alpha
SummaryNon-interest expenses will likely decline after the completion of the systems conversion of LegacyTexas Bank in June.Accelerated booking of fees will likely lift net interest income in the last quarter of 2020. On the other hand, further margin compression will restrain net interest income growth.The June 2021 target price suggests a high upside from the current market price.Earnings of Prosperity Bancshares, Inc.(NYSE:PBCompletion of LegacyTexas Integration to Drive Cost SavingsPB’s non-interest expense surged by 7.7% quarter over quarter in the second quarter on the back of merger-related expenses. As mentioned in the second quarter’sconference callPaycheck Protection Program to Counter Yield PressureThe accelerated booking of fees under the Paycheck Protection Program, PPP, will likely drive net interest income in the second half of the year. Around $1.39 billion of PPP loans were outstanding at the end of the last quarter, as mentioned in the second quarter’sinvestor presen
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News
- Prosperity Bancshares, Inc. (NYSE:PB) is a favorite amongst institutional investors who own 80% [Yahoo! Finance]Yahoo! Finance
- PROSPERITY BANCSHARES, INC.® ANNOUNCES COMMON STOCK DIVIDENDPR Newswire
- Analysts Estimate Prosperity Bancshares (PB) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Prosperity Bancshares, Inc. (NYSE: PB) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.MarketBeat
- Jacksonville woman retires after 50 years in banking [Yahoo! Finance]Yahoo! Finance
PB
Earnings
- 1/24/24 - Miss
PB
Sec Filings
- 4/17/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- PB's page on the SEC website