Business Description

Prosperity Bancshares, Inc. is a regional financial holding company that operates Prosperity Bank. Headquartered in Houston, Texas, the company provides a wide range of personal and commercial banking services to consumers and businesses primarily across Texas and Oklahoma. It is distinctive for its community banking philosophy, conservative credit underwriting, and a long history of growth through strategic acquisitions of local banks.

Everything on Prosperity Bancshares, Inc.

Revenue (FY2025) $1.25B
YoY growth +4.8%
Operating margin —
Direction Expanding
Gross margin —
Net margin 43.4%

Earnings Transcripts

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Leadership & board

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David Zalman — Senior Chairman of the Board and Chief Executive Officer View full profile ↗ H. E. Timanus, Jr. — Chairman of the Company; Chairman and Chief Operating Officer of the Bank View full profile ↗ Kevin J. Hanigan — President and Chief Operating Officer of the Company; Director and President of the Bank View full profile ↗ Edward Z. Safady — Advisory Director and Vice Chairman of the Company; Director and Vice Chairman of the Bank View full profile ↗ Asylbek Osmonov — Chief Financial Officer of the Company and the Bank View full profile ↗ J. Mays Davenport — Executive Vice President and Director of Corporate Strategy of the Company; Director and Senior EVP of the Bank View full profile ↗ Robert J. Dowdell — Executive Vice President of the Company; Senior EVP of the Bank View full profile ↗ Randy Hester — Executive Vice President of the Company; Senior EVP and Chief Lending Officer of the Bank View full profile ↗ Charlotte M. Rasche — Executive Vice President and General Counsel of the Company; Senior EVP and General Counsel of the Bank View full profile ↗ William T. Luedke IV — Class I Director of the Company View full profile ↗ Perry Mueller, Jr., D.D.S. — Class I Director of the Company View full profile ↗ Harrison Stafford II — Class I Director of the Company View full profile ↗ James A. Bouligny — Class II Director of the Company; Presiding Director View full profile ↗ W. R. Collier — Class II Director of the Company; Senior Chairman of West Texas Area of the Bank View full profile ↗ Laura Murillo — Class II Director of the Company View full profile ↗ Robert Steelhammer — Class II Director of the Company View full profile ↗ Ileana Blanco — Class III Director of the Company View full profile ↗ Leah Henderson — Class III Director of the Company View full profile ↗ Ned S. Holmes — Class III Director of the Company View full profile ↗ Jack Lord — Class III Director of the Company View full profile ↗ Robert R. Franklin, Jr. — Class I Director and Vice Chairman of the Company and the Bank View full profile ↗ Joseph B. Swinbank — Class III Director of the Company View full profile ↗
Prosperity Bancshares, acquires LegacyTexas Financial Group, Inc. (LegacyTexas Bank) — Acquisition · 2019 View full deal ↗ Prosperity Bancshares, acquires Stellar Bancorp, Inc. (Stellar Bank) — Acquisition · 2026 View full deal ↗ Prosperity Bancshares, acquires American State Financial Corporation (American State Bank) — Acquisition · 2012 View full deal ↗ Prosperity Bancshares, acquires First Bancshares of Texas, Inc. (FirstCapital Bank of Texas) — Acquisition · 2023 View full deal ↗ Prosperity Bancshares, acquires American Bank Holding Corporation (American Bank, N.A.) — Acquisition · 2026 View full deal ↗ Prosperity Bancshares, acquires Lone Star State Bancshares, Inc. (Lone Star State Bank of West Texas) — Acquisition · 2024 View full deal ↗ Prosperity Bancshares, acquires Tradition Bancshares, Inc. (Tradition Bank) — Acquisition · 2016 View full deal ↗ Prosperity Bancshares, acquires South Texas Bancshares, Inc. (Commercial National Bank) — Acquisition · 1999 View full deal ↗ Prosperity Bancshares, acquires Compass Bank (5 branches) — Acquisition · 2000 View full deal ↗ Prosperity Bancshares, acquires Commercial Bancshares, Inc. (Heritage Bank) — Acquisition · 2001 View full deal ↗ Prosperity Bancshares, acquires Texas Guaranty Bank, N.A. — Acquisition · 2002 View full deal ↗ Prosperity Bancshares, acquires The First State Bank of Needville — Acquisition · 2002 View full deal ↗

Share Repurchase Program

Total authorized
Up to 5% (approximately 4.87 million shares) of outstanding common stock under the 2026 stock repurchase program announced January 26, 2026 (one-year term expiring January 26, 2027); the prior 2025 program (announced January 21, 2025) authorized up to 5% (approximately 4.8 million shares).
Remaining (as of December 31, 2025)
2,419,994 shares available under the 2025 program as of December 31, 2025
Latest FY repurchased
approximately $157 million (about 2.3 million shares at a weighted-average price of $67.04 per share) during the year ended December 31, 2025

Customer Concentration

Most of the Company's lending activity occurs within Texas and Oklahoma. As of December 31, 2025 and 2024, excluding Warehouse Purchase Program loans, there were no concentrations of loans related to any single industry in excess of 10% of total loans; commercial real estate, 1-4 family residential and construction/land development loans made up 81.8% of the total loan portfolio (excluding Warehouse Purchase Program loans) at December 31, 2025 (81.3% at December 31, 2024). The Company also states there are no major concentrations of deposits with any one depositor.

Recent SEC Filings

2026-07-29 Reported quarterly results View filing ↗
2026-07-01 Completed an acquisition or disposition (+3 more) View filing ↗
2026-04-29 Reported quarterly results View filing ↗
2026-04-23 Shareholder vote results View filing ↗
2026-04-22 Other event View filing ↗
2026-02-02 Other event View filing ↗
2026-01-29 Entered a material agreement View filing ↗
2026-01-28 Reported quarterly results View filing ↗
2026-01-28 Regulation FD disclosure View filing ↗
2026-01-02 Other event View filing ↗
2025-10-29 Reported quarterly results View filing ↗
2025-10-01 Regulation FD disclosure (+1 more) View filing ↗

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