Prosperity Bancshares (PB)
NYSE:PB
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.48Last Year’s EPS
1.42Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: strong strategic progress (multiple completed deals and a system conversion), meaningful balance-sheet growth driven by acquisitions, net interest margin and net interest income expansion, and continued capital flexibility including share repurchases. Offsetting these positives were sizable one-time merger expenses, a sharp increase in noninterest expense and the efficiency ratio, record quarterly net charge-offs concentrated in two credits, and weak organic loan growth excluding acquisition-related balances. Management provided forward guidance around margin expansion, expense targets (Q2) and integration timelines, but acknowledged near-term runoff and competitive pressures. Taken together the positives from M&A-driven scale, margin improvement, and capital position are meaningful but are substantially counterbalanced by integration costs and the asset-quality shock in the quarter.Company Guidance
Completed strategic M&A and system conversion
Closed mergers with American Bank Holding (effective Jan 1, 2026) and Southwest Bancshares (Feb 1, 2026); received regulatory approvals for Stellar Bancorp and expect close on July 1, 2026. Completed a core system (DNA) conversion in February 2026. Operational integration timelines announced: American operational integration scheduled for September 2026, Southwest for November 2026, and Stellar integration planning underway.
Net interest income growth and margin expansion
Net interest income (pre-provision) was $321.2M for Q1 2026, up $55.8M YoY. Tax-equivalent net interest margin expanded to 3.51% (Q1 2026) — a 37 bps increase vs Q1 2025 and 21 bps improvement vs Q4 2025; excluding accounting adjustments NIM was 3.44% vs 3.10% YoY. Management expects Q2 NIM to be flat-to-slightly higher and targets a combined year-end exit NIM of ~3.70% (3.60% average for 2026 including Stellar).
Significant growth in balance sheet (M&A-driven)
Loans grew to $25.2B at March 31, 2026 (+15.1% YoY; +16.0% linked quarter) and deposits increased to $32.6B (+16.4% YoY; +14.6% linked quarter). Management noted that these increases were driven primarily by the American and Southwest acquisitions; excluding acquired balances, core deposits rose ~1.2%.
Adjusted earnings (ex-merger charges) showing improvement
Reported net income for the quarter was $116M (EPS $1.16) but excluding $42.5M of merger-related expenses net income was $149.9M and diluted EPS was $1.50, which represents a 9.5% increase over prior-year reported EPS of $1.37.
Strong capital and shareholder returns
Repurchased ~837,000 shares at an average price of $68.15 for a total of ~$57M in Q1 2026. Management emphasized a strong capital position, noted projected excess earnings capacity (referenced as ~$500–$600M post-dividends on a pro forma basis) and indicated continued opportunistic buybacks. Basel III Endgame mortgage treatment could provide ~50 bps capital benefit when finalized.
Securities and funding positioning
Added roughly $1.4B of securities in Q1 with purchase yields in the ~4.50%–4.85% range; bond portfolio has a modified duration of ~3.8 and projected annual cash flows of ~ $2.1B. Management expects additional securities purchases and modestly higher bond yields going forward.
Industry recognition and regional positioning
Prosperity was named one of Forbes America's Best Banks for 2026 (top 10 for 14 consecutive years), recognized by Newsweek as one of America’s Best Regional Banks and ranked 15th in S&P Global Market Intelligence’s top 50 U.S. public bank rankings for 2025. Management highlighted Texas/Oklahoma economics and franchise density as competitive advantages.
Near-term financial guidance
Guidance provided: Q2 noninterest expense expected $176M–$180M (excludes potential additional one-time merger items); Q2 fair value loan accretion income expected ~$3M–$4M; management reiterated objective to drive efficiency back toward mid-40s (historic mid-40s efficiency ratio) as integrations complete and cost saves are realized.
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
PB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $69.48 | $68.83 | -0.94% |
Jan 28, 2026 | $72.23 | $66.49 | -7.94% |
Oct 29, 2025 | $62.17 | $63.99 | +2.92% |
Jul 23, 2025 | $71.01 | $67.74 | -4.61% |
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.
FAQ
When does Prosperity Bancshares (PB) report earnings?
Prosperity Bancshares (PB) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Prosperity Bancshares (PB) earnings time?
Prosperity Bancshares (PB) earnings time is at Jul 29, 2026, Before Open (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 2026 (Q2) is 1.48.