Top Bucket AI

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.

Financial Statements

In thousands, USD

	FY 2025	FY 2024	FY 2023	FY 2022
Net Interest Income	1,081,492	1,026,495	956,433	1,005,231
Non-Interest Income	168,301	165,809	153,265	145,128
Total Revenues Before Provision for Credit Losses	1,249,793	1,192,304	1,109,698	1,150,359
Provision for Credit Losses	—	9,066	18,540	—
Total Revenues After Provision for Credit Losses	1,249,793	1,183,238	1,091,158	1,150,359
Compensation Expenses	353,105	352,353	328,430	314,713
Selling, General & Administrative Expenses	151,901	158,877	162,624	122,455
Other Non-Interest Expenses	49,901	59,925	67,312	47,018
Total Non-Interest Expense	556,213	570,573	556,698	484,186
Income Before Provision for Income Taxes	693,580	612,665	534,460	666,173
Provision for Income Taxes	150,737	133,279	115,144	141,657
Consolidated Net Income	542,843	479,386	419,316	524,516
Net Income Attributable to Common Shareholders	542,843	479,386	419,316	524,516
Basic EPS	5.72	5.05	4.51	5.73
Diluted EPS	5.72	5.05	4.51	5.73
Basic Weighted Average Shares Outstanding	94,917	95,000	92,902	91,604
Diluted Weighted Average Shares Outstanding	94,917	95,000	92,902	91,604
Shares Outstanding	93,058	95,275	93,722	91,314

	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	1,747,728	1,972,467	458,413	424,133
Securities and Investments	10,613,425	11,094,424	12,803,896	14,476,005
Gross Loans	21,791,213	22,138,519	21,174,804	18,839,273
Allowance for Loan Losses	(333,742)	(351,805)	(332,362)	(281,576)
Net Loans	21,471,626	21,797,404	20,848,176	18,558,251
Net Property, Plant & Equipment	383,449	371,238	369,992	339,453
Accrued Interest and Accounts Receivable	99,297	104,367	96,327	88,438
Net Intangible Assets	51,605	66,047	63,994	51,348
Goodwill	3,503,127	3,503,129	3,396,086	3,231,636
Long-Term Investments	86,950	138,200	8,750	90,025
Other Non-Earning Assets	506,218	519,462	502,243	430,540
Total Assets	38,463,425	39,566,738	38,547,877	37,689,829
Interest-bearing deposits	19,014,573	18,582,900	17,403,237	17,618,083
Noninterest-bearing deposits	9,467,911	9,798,438	9,776,572	10,915,448
Total Deposits	28,482,484	28,381,338	27,179,809	28,533,531
Short-Term Interbank Borrowing and Repurchase Agreements	2,151,216	3,421,913	4,034,277	2,278,134
Accrued Expenses	30,913	41,910	34,819	4,495
Other Liabilities	182,672	283,082	219,642	174,295
Total Liabilities	30,847,285	32,128,243	31,468,547	30,990,455
Common Stock	93,058	95,276	93,723	91,314
Additional Paid-in Capital	3,653,751	3,796,622	3,703,795	3,541,924
Accumulated Other Comprehensive Income	(296)	(1,624)	(1,398)	(3,473)
Retained Earnings	3,869,627	3,548,221	3,283,210	3,069,609
Total Common Shareholders' Equity	7,616,140	7,438,495	7,079,330	6,699,374
Total Shareholders' Equity	7,616,140	7,438,495	7,079,330	6,699,374
Total Liabilities and Shareholders' Equity	38,463,425	39,566,738	38,547,877	37,689,829

	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	542,843	479,386	419,316	524,516
Depreciation & Amortization	34,116	34,724	30,959	28,296
Provision for Credit Losses	—	9,066	18,540	—
Share-Based Compensation Expense	12,102	12,843	12,181	11,765
Net Change in Loans Held-for-Sale	(5,102)	(5,035)	(6,173)	6,720
Other Adjustments	(96)	(7,076)	23,783	36,474
Changes in Accrued Interest and Accounts Receivable	82,468	(106,525)	100,790	(85,209)
Changes in Accounts Payable	(116,818)	55,311	46,959	(16,036)
Cash from Operating Activities	549,513	472,694	646,355	506,526
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	(223,895)	(258,658)	(81,625)	1,035,079
Net Change in Loans Held-for-Investment	547,946	338,834	(677,363)	(1,265,391)
Net Change in Securities and Investments	465,179	1,737,301	1,882,799	(1,706,746)
Payments for Business Acquisitions	—	169,855	(24,365)	—
Capital Expenditure	(32,529)	(21,140)	(34,153)	(42,421)
Proceeds from Sale of Property, Plant & Equipment	14,145	13,479	15,375	10,074
Other Investing Activities	3,068	1,904	13,604	5,778
Cash from Investing Activities	773,914	1,981,575	1,094,272	(1,963,627)
Net Change in Deposits	101,159	(38,710)	(2,931,109)	(2,237,920)
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	(1,270,697)	(612,364)	1,505,883	1,830,035
Repayments of Long-Term Debt	—	—	(3,158)	—
Net Issuance / (Repayments) of Long-Term Debt	—	—	(3,158)	—
Repurchases of Common Shares	(157,191)	(74,766)	(72,248)	(65,721)
Net Issuance / (Repurchases) of Common Shares	(157,191)	(74,766)	(72,248)	(65,721)
Common Share Dividends Paid	(221,437)	(214,375)	(205,715)	(193,140)
Cash from Financing Activities	(1,548,166)	(940,215)	(1,706,347)	(666,746)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(224,739)	1,514,054	34,280	(2,123,847)

Key Metrics & Ratios

Metric	Value
Market Cap	$6.43B
P/E	12.08x
P/S	5.15x
Return on Equity	7.2%
Dividend Yield	3.4%
Free Cash Flow Margin	41.4%

Margins

Gross margin

—

Operating margin

—

Net margin

43.4%

Quarterly Trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q2 2026	$391M	+25.9%	—	—
Q1 2026	$368M	+19.9%	—	—
Q4 2025	$318M	+3.3%	—	—
Q3 2025	$315M	+3.9%	—	—
Q2 2025	$311M	—	—	—
Q1 2025	$307M	—	—	—
Q4 2024	$308M	—	—	—
Q3 2024	$303M	—	—	—

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Prosperity Bancshares, Inc. financials