Market Summary
USD58.57+1.39
Delayedas of 01 Jun 2023, 01:28 pm2.43%
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Price Action
52 Week Range
55.9578.76
(Low)(High)
Last 7 days
-2.2%
Last 30 days
-6.8%
Last 90 days
-19.8%
Trailing 12 Months
-20.5%
PB Financial Health
PB Investor Care
Peers (Alternatives to Prosperity Bancshares)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
BNS | 56.4B | 40.0B | -3.01% | -26.52% | 5.3 | 1.79 | 34.99% | -10.60% |
MTB | 21.9B | 7.6B | -2.08% | -33.79% | 15.92 | 3.51 | 98.59% | -3.15% |
CFG | 12.5B | 8.2B | -9.23% | -36.35% | 5.77 | 1.51 | 70.15% | 1.69% |
| MID-CAP | ||||||||
EWBC | 7.6B | 2.7B | -5.36% | -34.19% | 6.71 | 3.26 | 63.22% | 33.92% |
SIVB | 6.3B | 5.7B | -67.21% | -80.32% | 3.9 | 1.11 | 72.48% | -22.38% |
CBSH | 5.9B | 1.1B | -13.65% | -30.69% | 12.1 | 5.41 | 28.89% | -5.45% |
PB | 5.2B | 1.1B | -6.77% | -20.52% | 9.95 | 4.77 | 4.58% | 1.01% |
BPOP | 4.1B | 2.7B | -2.57% | -29.55% | 3.92 | 1.54 | 25.66% | 18.78% |
FFIN | 3.8B | 457.4M | -10.07% | -36.92% | 16.62 | 8.4 | 19.47% | 1.97% |
WAL | 3.5B | 3.2B | -5.74% | -57.18% | 3.34 | 1.31 | 75.57% | 1.33% |
| SMALL-CAP | ||||||||
BANR | 1.8B | 483.8M | -10.77% | -24.54% | 9.28 | 4.02 | 10.67% | 4.45% |
SBCF | 1.7B | 460.3M | -0.39% | -39.27% | 17.9 | 3.8 | 57.00% | -12.16% |
LKFN | 1.3B | 270.8M | 0.78% | -29.62% | 12.23 | 4.72 | 40.09% | 8.36% |
HTLF | 1.2B | 750.4M | -15.34% | -36.90% | 5.79 | 1.82 | 28.80% | 5.55% |
Financials for Prosperity Bancshares
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 5.3% | 1,095 | 1,040 | 1,021 | 1,024 | 1,047 |
| R&D Expenses | - | 5.00 | - | - | - | - |
| EBITDA | 1.5% | 1,700 | 1,675 | 1,654 | 1,642 | - |
| EBITDA Margin | -3.6% | 1.55* | 1.61* | 1.96* | 1.60* | - |
| Earnings Before Taxes | 2.1% | 666 | 653 | 643 | 645 | 660 |
| EBT Margin | -3.0% | 0.61* | 0.63* | 0.76* | 0.63* | - |
| Interest Expenses | 1.1% | 1,005 | 994 | 982 | 979 | 993 |
| Net Income | 2.2% | 525 | 513 | 506 | 508 | 519 |
| Net Income Margin | -3.0% | 0.48* | 0.49* | 0.60* | 0.50* | - |
| Free Cahsflow | -14.6% | 464 | 544 | 538 | 665 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -0.4% | 37,690 | 37,844 | 38,057 | 38,271 | 37,834 |
| Net PPE | 0.7% | 339 | 337 | 336 | 336 | 320 |
| Goodwill | 0% | 3,232 | 3,232 | 3,232 | 3,232 | 3,232 |
| Liabilities | -0.8% | 30,990 | 31,232 | 30,865 | 31,767 | 31,407 |
| Shareholder's Equity | 1.3% | 6,699 | 6,612 | 6,522 | 6,504 | 6,427 |
| Retained Earnings | 2.9% | 3,070 | 2,982 | 2,894 | 2,813 | 2,738 |
| Additional Paid-In Capital | 0.1% | 3,542 | 3,539 | 3,536 | 3,598 | 3,595 |
| Accumulated Depreciation | - | 153 | - | - | - | - |
| Shares Outstanding | 0.1% | 91.00 | 91.00 | 91.00 | 92.00 | 92.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -13.0% | 507 | 582 | 574 | 700 | 695 |
| Share Based Compensation | 1.9% | 12.00 | 12.00 | 12.00 | 12.00 | 13.00 |
| Cashflow From Investing | -8.7% | -1,963 | -1,805 | -2,038 | -3,226 | -2,724 |
| Cashflow From Financing | -186.5% | -666 | 771 | 798 | 2,131 | 3,235 |
| Dividend Payments | 1.2% | 193 | 191 | 189 | 187 | 184 |
| Buy Backs | Infinity% | 66.00 | 0.00 | 0.00 | 52.00 | - |
Risks for PB
What is the probability of a big loss on PB?
43.5%
Probability that Prosperity Bancshares stock will be more than 20% underwater in next one year
18.9%
Probability that Prosperity Bancshares stock will be more than 30% underwater in next one year.
0%
Probability that Prosperity Bancshares stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PB drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Prosperity Bancshares was unfortunately bought at previous high price.
Drawdowns
Returns for PB
Cumulative Returns on PB
3.5%
10-Year Cumulative Returns
3.1%
7-Year Cumulative Returns
-2.6%
5-Year Cumulative Returns
-2.2%
3-Year Cumulative Returns
What are the long-term rolling returns for PB?
FIve years rolling returns for Prosperity Bancshares.
Annualized Returns
Which funds bought or sold PB recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-26 | ProShare Advisors LLC | added | 3.96 | -3,979,170 | 29,165,900 | 0.09% |
2023-05-25 | Brandywine Global Investment Management, LLC | added | 94.09 | 2,791,800 | 7,134,720 | 0.03% |
2023-05-23 | Brookfield Corp /ON/ | added | 81.16 | 1,316,320 | 3,784,100 | 0.01% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -6.14 | -5,324,610 | 20,584,400 | 0.01% |
2023-05-19 | Coppell Advisory Solutions LLC | sold off | -100 | -799 | - | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 42.07 | 4,280,110 | 25,424,100 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | added | 0.13 | -2,855,000 | 15,870,000 | 0.02% |
2023-05-17 | Advisory Services Network, LLC | added | 9.21 | -41,752 | 510,616 | 0.01% |
2023-05-17 | Sunbelt Securities, Inc. | new | - | 56,010 | 56,010 | 0.01% |
2023-05-17 | Thrivent Financial for Lutherans | reduced | -0.35 | -733,000 | 3,952,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PB Alerts
Prosperity Bancshares News
Schedule 13G FIlings of Prosperity Bancshares
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.40% | 9,496,533 | SC 13G/A | |
| Feb 09, 2023 | state street corp | 7.99% | 7,292,090 | SC 13G/A | |
| Feb 01, 2023 | victory capital management inc | 6.24% | 5,696,916 | SC 13G | |
| Jan 25, 2023 | blackrock inc. | 9.1% | 8,352,397 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 7.40% | 6,824,386 | SC 13G/A | |
| Feb 07, 2022 | blackrock inc. | 8.6% | 7,968,356 | SC 13G/A | |
| Apr 12, 2021 | vanguard group inc | 10.14% | 9,420,516 | SC 13G/A | |
| Feb 11, 2021 | state street corp | 6.90% | 6,385,543 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 9.90% | 9,165,033 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 8.4% | 7,760,036 | SC 13G/A |
Recent SEC filings of Prosperity Bancshares
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 05, 2023 | 10-Q | Quarterly Report | |
| May 02, 2023 | 4 | Insider Trading | |
| May 01, 2023 | 8-K | Current Report | |
| Apr 26, 2023 | 8-K | Current Report | |
| Apr 19, 2023 | 4 | Insider Trading | |
| Apr 19, 2023 | 4 | Insider Trading | |
| Apr 19, 2023 | 4 | Insider Trading | |
| Apr 19, 2023 | 4 | Insider Trading | |
| Apr 19, 2023 | 4 | Insider Trading | |
| Apr 19, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for PB
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-01 | LORD L. JACK | bought | 310,200 | 62.04 | 5,000 | - |
2023-04-18 | STAFFORD HARRISON II | acquired | - | - | 1,400 | - |
2023-04-18 | BOULIGNY JAMES A | acquired | - | - | 1,400 | - |
2023-04-18 | STEELHAMMER ROBERT H | acquired | - | - | 1,400 | - |
2023-04-18 | MUELLER PERRY JR | acquired | - | - | 1,400 | - |
2023-04-18 | LUEDKE WILLIAM T. IV | acquired | - | - | 1,400 | - |
2023-04-18 | Murillo Laura | acquired | - | - | 1,400 | - |
2023-04-18 | HOLMES NED S | acquired | - | - | 1,400 | - |
2023-04-18 | Blanco Ileana M | acquired | - | - | 1,400 | - |
2023-04-18 | LORD L. JACK | acquired | - | - | 1,400 | - |
Prosperity 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.
PB Income Statement
2023-03-31Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| INTEREST INCOME: | ||
| Loans, including fees | $ 247,118 | $ 193,025 |
| Securities | 73,185 | 55,011 |
| Federal funds sold and other earning assets | 7,006 | 847 |
| Total interest income | 327,309 | 248,883 |
| INTEREST EXPENSE: | ||
| Deposits | 47,343 | 8,754 |
| Other borrowings | 34,396 | |
| Securities sold under repurchase agreements | 2,103 | 185 |
| Total interest expense | 83,842 | 8,939 |
| NET INTEREST INCOME | 243,467 | 239,944 |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 243,467 | 239,944 |
| NONINTEREST INCOME: | ||
| Nonsufficient funds (NSF) fees | 8,095 | 8,124 |
| Credit card, debit card and ATM card income | 8,666 | 8,179 |
| Service charges on deposit accounts | 5,926 | 6,211 |
| Trust income | 3,225 | 2,703 |
| Mortgage income | 238 | 455 |
| Brokerage income | 1,149 | 892 |
| Net gain on sale or write-down of assets | 121 | 689 |
| Other | 10,846 | 7,869 |
| Total noninterest income | 38,266 | 35,122 |
| NONINTEREST EXPENSE: | ||
| Salaries and employee benefits | 77,798 | 79,411 |
| Net occupancy and equipment | 8,025 | 7,848 |
| Credit and debit card, data processing and software amortization | 9,566 | 8,849 |
| Regulatory assessments and FDIC insurance | 4,973 | 2,850 |
| Core deposit intangibles amortization | 2,374 | 2,620 |
| Depreciation | 4,433 | 4,547 |
| Communications | 3,462 | 2,919 |
| Net other real estate expense (income) | 45 | (407) |
| Merger related expenses | 860 | |
| Other | 11,464 | 11,213 |
| Total noninterest expense | 123,000 | 119,850 |
| INCOME BEFORE INCOME TAXES | 158,733 | 155,216 |
| PROVISION FOR INCOME TAXES | 34,039 | 32,890 |
| NET INCOME | $ 124,694 | $ 122,326 |
| EARNINGS PER SHARE: | ||
| Basic | $ 1.37 | $ 1.33 |
| Diluted | $ 1.37 | $ 1.33 |
PB Balance Sheet
2023-03-31Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $ 405,331 | $ 423,832 |
| Federal funds sold | 222 | 301 |
| Total cash and cash equivalents | 405,553 | 424,133 |
| Available for sale securities, at fair value | 469,250 | 456,502 |
| Held to maturity securities, at cost (fair value of $12,215,665 and $12,387,125, respectively) | 13,602,295 | 14,019,503 |
| Total securities | 14,071,545 | 14,476,005 |
| Loans held for sale | 1,603 | 554 |
| Loans held for investment | 18,533,641 | 18,098,653 |
| Loans held for investment - Warehouse Purchase Program | 799,115 | 740,620 |
| Total loans | 19,334,359 | 18,839,827 |
| Less: allowance for credit losses on loans | (282,191) | (281,576) |
| Loans, net | 19,052,168 | 18,558,251 |
| Accrued interest receivable | 95,010 | 88,438 |
| Goodwill | 3,231,636 | 3,231,636 |
| Core deposit intangibles, net | 48,974 | 51,348 |
| Bank premises and equipment, net | 345,149 | 339,453 |
| Other real estate owned | 1,989 | 1,963 |
| Bank owned life insurance (BOLI) | 326,179 | 327,439 |
| Federal Home Loan Bank of Dallas stock | 160,750 | 90,025 |
| Other assets | 90,279 | 101,138 |
| TOTAL ASSETS | 37,829,232 | 37,689,829 |
| Deposits: | ||
| Noninterest-bearing | 10,108,348 | 10,915,448 |
| Interest-bearing | 16,895,888 | 17,618,083 |
| Total deposits | 27,004,236 | 28,533,531 |
| Other borrowings | 3,365,000 | 1,850,000 |
| Securities sold under repurchase agreements | 434,261 | 428,134 |
| Accrued interest payable | 8,369 | 4,495 |
| Allowance for credit losses on off-balance sheet credit exposures | 29,947 | 29,947 |
| Other liabilities | 248,302 | 144,348 |
| Total liabilities | 31,090,115 | 30,990,455 |
| COMMITMENTS AND CONTINGENCIES | ||
| SHAREHOLDERS’ EQUITY: | ||
| Preferred stock, $1 par value; 20,000,000 shares authorized; none issued or outstanding | ||
| Common stock, $1 par value; 200,000,000 shares authorized; 90,693,102 issued and outstanding at March 31, 2023; 91,313,615 shares issued and outstanding at December 31, 2022 | 90,694 | 91,314 |
| Capital surplus | 3,507,670 | 3,541,924 |
| Retained earnings | 3,144,229 | 3,069,609 |
| Accumulated other comprehensive loss - net unrealized loss on available for sale securities, net of tax benefit of $(924) and $(923), respectively | (3,476) | (3,473) |
| Total shareholders’ equity | 6,739,117 | 6,699,374 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 37,829,232 | $ 37,689,829 |