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Stock impact report

Prosperity (PB) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Prosperity Bancshares, Inc. (PB) 
Last prosperity bancshares, inc. earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: prosperitybankusa.com/press.aspx
Senior Chairman and Chief Executive Officer — David E. Zalman President and Chief Operating Officer — H. E. "Tim" Timanus, Jr. Senior Executive Vice President and Chief Financial Officer — Asylbek Osmonov Senior Executive Vice President and Chief Legal Officer — Charlotte M. Rasche Vice Chairman — Kevin Hanigan TAKEAWAYS M&A Activity -- Completed mergers with American Bank Holding Corporation on January 1 and Southwest Bancshares, Inc. on February 1, and announced the Stellar Bancorp merger set to close July 1, 2026, with all regulatory approvals obtained. Share Repurchases -- Repurchased approximately 837,000 shares at an average price of $68.15, totaling $57 million during the three months ended March 31, 2026. Net Income and EPS -- Reported net income of $116 million and diluted EPS of $1.16; excluding $42.5 million in merger-related expenses, adjusted net income was $149.9 million and adjusted diluted EPS was $1.50, representing a 9.5% increase over last year's ad Show less Read more
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