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Prosperity Bancshares (PB)
NYSE:PB
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.36Last Year’s EPS
1.18Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -4.38%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook, driven by strong net income growth, improved efficiency, and a higher net interest margin. However, challenges include flat organic loan growth and an increase in non-performing assets.Company Guidance
During Prosperity Bancshares' fourth quarter 2024 earnings call, several key financial metrics were highlighted. The company reported a net income of $130 million for the quarter, a 36% increase from the $95 million in the same period of 2023. The net income per diluted common share rose to $1.37, up 34% from $1.02 in 2023. Excluding merger-related expenses and the FDIC special assessment, net income was $111 million, marking a 16.8% increase. The company's net interest margin improved by 30 basis points to 3.05%, while the efficiency ratio was 46%. Total loans at the end of the year were $22.2 billion, up 4.6% from the previous year, primarily due to the merger with Lone Star Bank. Deposits also saw a 4.4% increase to $28.4 billion. Non-performing assets were noted at $81.5 million, representing 23 basis points of average interest-earning assets. The management expressed optimism about continuing this positive trend into 2025, driven by asset repricing and a conducive economic environment in Texas and Oklahoma.Significant Increase in Net Income
Net income for the quarter ending December 31, 2024, was $130 million, up 36% from $95 million in the same period in 2023.
Improved Efficiency Ratio
The efficiency ratio improved to 46% from 55.6% in the same quarter of 2023.
Increased Net Interest Margin
Net interest margin increased by 30 basis points to 3.05% compared to 2.75% in the fourth quarter of 2023.
Stock Repurchase Program
A stock repurchase program was announced, under which up to 5% of outstanding common stock may be acquired.
Positive Deposit Growth
Deposits increased by $1.2 billion or 4.4% year-over-year, primarily due to the merger.
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PB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $80.00 | $79.46 | -0.68% |
| Oct 23, 2024 | $72.06 | $72.80 | +1.03% |
| Jul 24, 2024 | $68.51 | $70.18 | +2.44% |
| Apr 24, 2024 | $61.17 | $63.49 | +3.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Prosperity Bancshares (PB) report earnings?
Prosperity Bancshares (PB) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Prosperity Bancshares (PB) earnings time?
Prosperity Bancshares (PB) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PB EPS forecast?
PB EPS forecast for the fiscal quarter 2025 (Q1) is 1.36.
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