Prosperity Bancshares, Inc. (PB) 10-Year Financial Performance & Capital Metrics

PB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutProsperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. As of December 31, 2021, the company operated 273 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 63 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.Show more

Net Interest Income $1.03B +7.3%
Total Revenue $1.74B +12.0%
Net Income $479M +14.3%
Return on Equity 6.6% +8.5%
Net Interest Margin 2.59% +4.6%
Efficiency Ratio 30.03% -9.3%
ROA 1.23% +11.6%
Equity / Assets 18.8% +2.4%
Book Value per Share 78.30 +2.8%
Tangible BV/Share 40.73 +4.5%
Debt/Equity 0.46 -19.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Dividend Aristocrat: 25 years of consecutive increases
✓Efficient operations: 30.0% efficiency ratio
✓Well capitalized: 18.8% equity/assets
✓Healthy dividend yield of 3.1%
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.83%

5Y13.29%

3Y14.79%

TTM-

Profit (Net Income) CAGR

10Y4.89%

5Y7.59%

3Y-2.63%

TTM19.84%

EPS CAGR

10Y1.57%

5Y2.24%

3Y-3.39%

TTM19.11%

ROCE

10Y Avg9.4%

5Y Avg8.38%

3Y Avg7.14%

Latest5.58%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	630.51M	632.62M	616.86M	629.59M	695.77M	1.03B	993.31M	1.01B	956.43M	1.03B
NII Growth %	-0.06%	0%	-0.02%	0.02%	0.11%	0.48%	-0.04%	0.01%	-0.05%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	669.7M	675.78M	677.36M	727.21M	832.94M	1.14B	1.05B	1.09B	1.44B	1.62B
Interest Expense	39.19M	43.16M	60.49M	97.62M	137.17M	113.18M	53.62M	89.6M	488.11M	597.22M
Loan Loss Provision	7.56M	24M	14.32M	16.35M	4.3M	20M	0	0	18.54M	9.07M
Non-Interest Income+	105M	101.38M	99.4M	98.22M	100.66M	91.2M	104.86M	107.8M	111.69M	118.51M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	774.7M	777.15M	776.76M	825.43M	933.6M	1.24B	1.15B	1.2B	1.56B	1.74B
Revenue Growth %	-0.06%	0%	-0%	0.06%	0.13%	0.32%	-0.07%	0.04%	0.29%	0.12%
Non-Interest Expense	297.75M	301.34M	295.87M	308.43M	372.92M	456.9M	438.52M	446.86M	515.13M	523.27M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	430.19M	408.66M	406.07M	403.04M	419.21M	645.03M	659.65M	666.17M	534.46M	612.66M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.03%	-0.05%	-0.01%	-0.01%	0.04%	0.54%	0.02%	0.01%	-0.2%	0.15%
Pretax Income+	430.19M	408.66M	406.07M	403.04M	419.21M	645.03M	659.65M	666.17M	534.46M	612.66M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	143.55M	134.19M	133.91M	81.22M	86.66M	116.13M	140.36M	141.66M	115.14M	133.28M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	286.65M	274.47M	272.17M	321.81M	332.55M	528.9M	519.3M	524.52M	419.32M	479.39M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.04%	-0.04%	-0.01%	0.18%	0.03%	0.59%	-0.02%	0.01%	-0.2%	0.14%
Net Income (Continuing)	286.65M	274.47M	272.17M	321.81M	332.55M	528.9M	519.3M	524.52M	419.32M	479.39M
EPS (Diluted)+	4.09	3.94	3.92	4.61	4.52	5.68	5.60	5.73	4.51	5.05
EPS Growth %	-0.05%	-0.04%	-0.01%	0.18%	-0.02%	0.26%	-0.01%	0.02%	-0.21%	0.12%
EPS (Basic)	4.09	3.94	3.92	4.61	4.52	5.68	5.60	5.73	4.51	5.05
Diluted Shares Outstanding	70.05M	69.68M	69.48M	69.82M	73.52M	93.06M	92.66M	91.6M	92.9M	95M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	562.54M	436.2M	391.62M	410.57M	573.59M	1.34B	2.55B	423.83M	458.15M	1.97B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	18.86B	19.26B	19.61B	19.69B	27.33B	28.47B	31.15B	33.03B	33.65B	32.89B
Investments Growth %	0.04%	0.02%	0.02%	0%	0.39%	0.04%	0.09%	0.06%	0.02%	-0.02%
Long-Term Investments	18.76B	19.04B	19.39B	19.61B	27.04B	27.82B	30.63B	32.58B	33.21B	21.91B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.87B	1.9B	1.9B	1.9B	3.22B	3.23B	3.23B	3.23B	3.4B	3.5B
Intangible Assets	49.42M	45.78M	38.84M	32.88M	86.4M	73.23M	61.68M	51.35M	63.99M	66.05M
PP&E (Net)	268M	262.08M	257.06M	257.05M	326.83M	323.57M	319.8M	339.45M	369.99M	371.24M
Other Assets	376.88M	370.03M	333.71M	342.68M	566.48M	532.07M	458.42M	520.87M	511.25M	657.66M
Total Current Assets	717.53M	710.69M	665.85M	551.26M	942.05M	2.08B	3.13B	968.77M	993.07M	13.05B
Total Non-Current Assets	21.32B	21.62B	21.92B	22.14B	31.24B	31.98B	34.71B	36.72B	37.55B	26.51B
Total Assets+	22.04B	22.33B	22.59B	22.69B	32.19B	34.06B	37.83B	37.69B	38.55B	39.57B
Asset Growth %	0.02%	0.01%	0.01%	0%	0.42%	0.06%	0.11%	-0%	0.02%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	1.9M	2.32M	2.94M	4.2M	8.59M	3.46M	1.26M	4.5M	34.82M	41.91M
Total Debt+	806.65M	1.31B	829.38M	1.32B	1.81B	389.58M	448.1M	4.13B	4.03B	3.42B
Net Debt	244.11M	875.01M	437.76M	905.27M	1.23B	-953.41M	-2.1B	3.7B	3.58B	1.45B
Long-Term Debt	6.4M	5.78M	5.22M	1.13M	129.53M	0	0	1.85B	3.73B	3.2B
Short-Term Debt	800.25M	1.31B	824.15M	1.31B	1.68B	389.58M	448.1M	2.28B	309.28M	221.91M
Other Liabilities	84.64M	67.93M	109.36M	63.97M	199.73M	175.07M	185.61M	-1.68B	219.64M	283.08M
Total Current Liabilities	18.48B	18.62B	18.65B	18.58B	25.89B	27.75B	31.22B	30.82B	27.52B	28.65B
Total Non-Current Liabilities	91.04M	73.71M	114.58M	65.1M	329.26M	175.07M	185.61M	174.29M	3.94B	3.48B
Total Liabilities	18.57B	18.69B	18.76B	18.64B	26.21B	27.93B	31.41B	30.99B	31.47B	32.13B
Total Equity+	3.46B	3.64B	3.82B	4.05B	5.97B	6.13B	6.43B	6.7B	7.08B	7.44B
Equity Growth %	0.07%	0.05%	0.05%	0.06%	0.47%	0.03%	0.05%	0.04%	0.06%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.08%	0.07%	0.08%	0.07%	0.09%	0.08%	0.08%	0.06%	0.07%
Book Value per Share	49.44	52.27	55.04	58.05	81.21	65.88	69.37	73.13	76.20	78.30
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	70.06M	69.49M	69.49M	69.85M	94.75M	92.57M	92.17M	91.31M	93.72M	95.28M
Additional Paid-in Capital	2.04B	2.03B	2.04B	2.05B	3.73B	3.63B	3.6B	3.54B	3.7B	3.8B
Retained Earnings	1.36B	1.54B	1.72B	1.94B	2.14B	2.4B	2.74B	3.07B	3.28B	3.55B
Accumulated OCI	2.04M	1.41M	-113K	310K	602K	769K	1.81M	-3.47M	-1.4M	-1.62M
Treasury Stock	-607K	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	310.81M	334.36M	390.73M	320.15M	403.01M	582.32M	694.73M	506.53M	646.36M	472.69M
Operating CF Growth %	-0.11%	0.08%	0.17%	-0.18%	0.26%	0.44%	0.19%	-0.27%	0.28%	-0.27%
Net Income	286.65M	274.47M	272.17M	321.81M	332.55M	528.9M	519.3M	524.52M	419.32M	479.39M
Depreciation & Amortization	22.49M	22.29M	19.16M	18.32M	20.25M	31.4M	29.65M	28.3M	30.96M	34.72M
Deferred Taxes	35M	19.05M	10.53M	6.88M	-26.42M	24.82M	22.83M	6.05M	7.32M	2.62M
Other Non-Cash Items	-5.16M	20.37M	25.81M	35.51M	13.28M	-444K	51.07M	37.15M	28.83M	-5.66M
Working Capital Changes	-39.26M	-11.37M	56.12M	-72.86M	52.74M	-14.96M	59.31M	-101.25M	147.75M	-51.21M
Cash from Investing+	-650.63M	41.01M	-372.59M	-118.95M	1.26B	-1.27B	-2.72B	-1.96B	1.09B	1.98B
Purchase of Investments	-10.15B	-10.07B	-9B	-9.63B	-9.57B	-17.51B	-23.62B	-21.2B	-15.55B	-23.26B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-8.96M	0	0	-77.05M	0	0	0	-24.36M	169.85M
Other Investing	-123.79M	78.01M	-377.37M	-335.89M	74.19M	-1.24B	1.63B	-214.46M	-730.01M	95.56M
Cash from Financing+	225.92M	-501.94M	-63.2M	-182.38M	-1.5B	1.46B	3.23B	-666.75M	-1.71B	-940.22M
Dividends Paid	-78.26M	-86.23M	-95.89M	-104.05M	-128.9M	-173.82M	-184.25M	-193.14M	-205.72M	-214.38M
Share Repurchases	0	-51.06M	0	0	-94.48M	-115.16M	-52.09M	-65.72M	-72.25M	-74.77M
Stock Issued	0	0	148K	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	-1000K	0	1000K	1000K	-1000K
Other Financing	-10.96M	-856.83M	518.25M	-604.23M	545.05M	3.18B	3.47B	-2.26B	-3.1B	-126.07M
Net Change in Cash+	-113.89M	-126.58M	-45.07M	18.81M	162.98M	769.44M	1.2B	-2.12B	34.28M	1.51B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	677.85M	563.96M	437.38M	392.31M	411.13M	574.11M	1.34B	2.55B	424.13M	458.41M
Cash at End	563.96M	437.38M	392.31M	411.13M	574.11M	1.34B	2.55B	424.13M	458.41M	1.97B
Interest Paid	44.28M	42.74M	59.87M	96.36M	139.36M	118.3M	55.82M	86.37M	459.27M	590.13M
Income Taxes Paid	103.12M	122.42M	64.15M	134.36M	82.15M	163.6M	126.92M	131.37M	119.12M	29.02M
Free Cash Flow+	301.46M	329.35M	379.5M	305.03M	384.43M	560.18M	675.71M	464.11M	612.2M	451.55M
FCF Growth %	-0.1%	0.09%	0.15%	-0.2%	0.26%	0.46%	0.21%	-0.31%	0.32%	-0.26%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.55%	7.73%	7.29%	8.17%	6.64%	8.74%	8.27%	7.99%	6.09%	6.6%
Return on Assets (ROA)	1.32%	1.24%	1.21%	1.42%	1.21%	1.6%	1.44%	1.39%	1.1%	1.23%
Net Interest Margin	2.86%	2.83%	2.73%	2.77%	2.16%	3.03%	2.63%	2.67%	2.48%	2.59%
Efficiency Ratio	38.43%	38.77%	38.09%	37.37%	39.94%	36.99%	38.07%	37.16%	33.1%	30.03%
Equity / Assets	15.71%	16.31%	16.93%	17.86%	18.55%	18%	16.99%	17.78%	18.37%	18.8%
Book Value / Share	49.44	52.27	55.04	58.05	81.21	65.88	69.37	73.13	76.2	78.3
NII Growth	-6.06%	0.33%	-2.49%	2.06%	10.51%	48.14%	-3.63%	1.2%	-4.85%	7.33%
Dividend Payout	27.3%	31.42%	35.23%	32.33%	38.76%	32.86%	35.48%	36.82%	49.06%	44.72%

Frequently Asked Questions

Valuation & Price

Prosperity Bancshares, Inc. (PB) has a price-to-earnings (P/E) ratio of 14.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Prosperity Bancshares, Inc. (PB) grew revenue by 12.0% over the past year. This is steady growth.

Yes, Prosperity Bancshares, Inc. (PB) is profitable, generating $533.0M in net income for fiscal year 2024 (27.5% net margin).

Dividend & Returns

Yes, Prosperity Bancshares, Inc. (PB) pays a dividend with a yield of 3.09%. This makes it attractive for income-focused investors.

Prosperity Bancshares, Inc. (PB) has a return on equity (ROE) of 6.6%. This is below average, suggesting room for improvement.

Industry Metrics

Prosperity Bancshares, Inc. (PB) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Prosperity Bancshares, Inc. (PB) has an efficiency ratio of 30.0%. This is excellent, indicating strong cost control.

US Stock Screener

...