Prosperity Bancshares, Inc.(R) Stock News

Prosperity Bancshares, Inc. (NYSE:PB ) Q3 2024 Earnings Conference Call October 23, 2024 11:30 AM ET Company Participants Charlotte Rasche - Executive Vice President and General Counsel David Zalman - Senior Chairman and Chief Executive Officer Tim Timanus - Chairman Asylbek Osmonov - Chief Financial Officer Edward Safady - Vice Chairman Kevin Hanigan - President and Chief Operating Officer Ran...

Board approved increase in dividend of 3.57% to $0.58 for fourth quarter 2024, representing the 21st consecutive annual increase, with a compound annual growth rate of 11.1% Net income of $127.3 million and diluted earnings per share of $1.34 for third quarter 2024 Net interest margin increased 23 basis points to 2.95% compared to third quarter 2023 Deposits increased $154.5 million and loans i...

HOUSTON , Oct. 16, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.58 per share for the fourth quarter of 2024, payable January 2, 2025, to shareholders of record as of December 13, 2024.  The fourth quarter dividend represents an increase of $0.02 per share, or 3.57%, from the prior quarter.

Bank stocks have been on quite a tear as interest rates have declined. But many appear to have room to run as the cost for deposits goes down.

HOUSTON , Sept. 25, 2024 /PRNewswire/ -- In conjunction with Prosperity Bancshares, Inc.® (NYSE: PB) Third Quarter 2024 Earnings Announcement, scheduled before the market opens on Wednesday, October 23, 2024, you are invited to listen to its conference call at 11:30 AM, Eastern Time (10:30 AM, Central Time) on that day.

Prosperity Bancshares has achieved a 25% return in 3 months, driven by market expectations of rate cuts, enhancing credit demand prospects. PB's strategic location in high-growth Texas and Oklahoma MSAs, combined with potential rate cuts, could unlock significant lending opportunities and improve net interest margins. The bank's strong dividend history, strategic acquisitions, and solid financi...

Prosperity Bancshares, Inc. (NYSE:PB ) Q2 2024 Earnings Conference Call July 24, 2024 11:30 AM ET Company Participants Charlotte Rasche - EVP and General Counsel David Zalman - Senior Chairman and CEO Asylbek Osmonov - CFO Tim Timanus - Chairman Kevin Hanigan - President and COO Conference Call Participants Peter Winter - D. A. Davidson Manan Gosalia - Morgan Stanley Dave Rochester - Compass Po...

HOUSTON , July 17, 2024 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors declared a quarterly common stock dividend of $0.56 per share for the third quarter of 2024, payable October 1, 2024, to shareholders of record as of September 13, 2024. Prosperity Bancshares, Inc.® As of March 31, 2024, Prosperity Bancshares, Inc.® is a $38.757 billion Ho...