Prosperity Bancshares' (PB) Loan Pipeline Aids Amid High Costs [Yahoo! Finance]
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: Yahoo! Finance
Strong balance sheet keeps the capital distribution and inorganic expansion plans sustainable. Escalating expense base and subdued mortgage income remain headwinds. NIM contraction is another major woe. Prosperity Bancshares' organic growth strategy is reflected in its revenue growth trajectory. Though revenues witnessed a dip in 2021 and 2023, it experienced a compound annual growth rate (CAGR) of 7.9% over the four years ended 2023. This growth was primarily driven by solid loan balances and efforts to improve fee income. PB has been improving its deposit mix. As of Dec 31, 2023, roughly 36% of total deposits were non-interest-bearing deposits. Given the decent loan pipeline, strong deposit mix and a continuous growth in fee income, the company's top line is expected to improve. We project total revenues to record a CAGR of 10.3% by 2026. Moreover, total loans are projected to grow 4.5% in 2024. Alongside organic growth initiatives, Prosperity Bancshares remain actively enga
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News
- Analysts Are Updating Their Prosperity Bancshares, Inc. (NYSE:PB) Estimates After Its First-Quarter Results [Yahoo! Finance]Yahoo! Finance
- Jesse Cardenas named Abilene Regional President of Prosperity Bank [Yahoo! Finance]Yahoo! Finance
- Prosperity Bancshares (PB) Q1 Earnings Beat, Stock Rises 3.8% [Yahoo! Finance]Yahoo! Finance
- Prosperity Bancshares, Inc. (NYSE:PB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Prosperity Bancshares First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
PB
Earnings
- 4/24/24 - Beat
PB
Sec Filings
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/17/24 - Form 4
- PB's page on the SEC website