Prosperity Bancshares (PB) Q1 Earnings Beat, Stock Rises 3.8% [Yahoo! Finance]
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
Company Research
Source: Yahoo! Finance
Earnings per share of $1.18 beat the Zacks Consensus Estimate of $1.15. However, the bottom line compared unfavorably with adjusted earnings of $1.38 in the prior-year quarter. PB completed the acquisition of Lone Star on Apr 1, 2024. As of Mar 31, 2024, Lone Star reported total assets of $1.384 billion, total loans of $1.075 billion and total deposits of $1.241 billion. Results benefited from nil provisions and an increase in non-interest income. Nevertheless, a fall in net interest income (NII), along with rising expenses, was a major headwind. Net income available to common shareholders was $110.4 million, down 11.4% year over year. Revenues Fall, Expenses Increase Quarterly total revenues were $277.1 million, which declined 1.6% from the prior-year quarter. The top line, however, surpassed the Zacks Consensus Estimate of $274.9 million. NII was $238.2 million, down 2.1% year over year. Net interest margin (NIM), on a tax-equivalent basis, decreased 14 basis points to 2
Show less
Read more
Impact Snapshot
Event Time:
PB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PB alerts
High impacting Prosperity Bancshares, Inc. news events
Weekly update
A roundup of the hottest topics
PB
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, 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
- Prosperity Bancshares (PB) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
PB
Earnings
- 4/24/24 - Beat
PB
Sec Filings
- 4/29/24 - Form 4
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K
- PB's page on the SEC website