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Prosperity Bancshares (PB)
:PB
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.34Last Year’s EPS
1.02Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 9.45%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with strong financial metrics, including increased net income, dividends, and net interest margin. However, there were some concerns about noninterest income decline and increased nonperforming assets. Loan growth was somewhat offset by runoff from acquisitions.Company Guidance
In the third quarter 2024 earnings call for Prosperity Bancshares, multiple key metrics and guidance details were shared. The company reported a net income of $127 million, an increase from $112 million in the same period last year. The net income per diluted common share rose by 11.7% to $1.34. The net interest margin improved to 2.95%, up from 2.72% in the previous year. Loans grew by 4.4% to $22.3 billion, while deposits increased by 2.8% to $28 billion. Nonperforming assets were reported at $89.9 million, representing 25 basis points of quarterly average interest-earning assets. The company also announced a dividend increase to $0.58 per share, reflecting a compound annual growth rate of 11% in dividends declared from 2003 to 2024. Prosperity's tangible capital increased by $218 million over the year, and the company expects the net interest margin to reach 3% by the end of 2024, with further improvements in subsequent years.Increase in Quarterly Dividend
The Board of Directors approved increasing the fourth quarter 2024 dividend to $0.58 per share from $0.56 per share, reflecting an 11% compound annual growth rate in dividends from 2003 to 2024.
Net Income Growth
Prosperity reported net income of $127 million for Q3 2024, an increase from $112 million in Q3 2023, with net income per diluted share increasing by 11.7%.
Stable Operating Metrics
Annualized returns on tangible equity were 13.5% and return on assets was 1.28% for Q3 2024.
Loan and Deposit Growth
Loans increased by 4.4% year-over-year to $22.3 billion, and deposits increased by 2.8% year-over-year to $28 billion.
Improved Net Interest Margin
Net interest margin on a tax-equivalent basis increased to 2.95% in Q3 2024 from 2.72% in Q3 2023.
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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 |
|---|---|---|---|
| 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% |
| Jan 24, 2024 | $63.29 | $62.78 | -0.81% |
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 Jan 29, 2025, TBA Not Confirmed.
What is Prosperity Bancshares (PB) earnings time?
Prosperity Bancshares (PB) earnings time is at Jan 29, 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 2024 (Q4) is 1.34.
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