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Prosperity Bancshares reports Q1 EPS $1.37, consensus $1.35

Reports Q1 tangible book value per share $41.48. Reports Q1 CET1 capital ratio 16.97%. Reports Q1 net charge-offs .05%. “I am pleased to announce a 17.9% increase in net income and a 16.1% increase in earnings per share, each compared with the first quarter of 2024. As we predicted, our net interest margin continues to increase as our assets reprice higher. We expect this trend to continue over the next several years,” said David Zalman, Prosperity’s senior chairman and CEO.

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