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Shares of Prosperity Bancshares (NYSE:PB) rose 0.9% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share rose 17.65% year over year to $1.40, which beat the estimate of $1.29.
Revenue of $293,037,000 higher by 58.69% year over year, which beat the estimate of $279,870,000.
Guidance
Prosperity Bancshares hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Oct 28, 2020
Time: 11:30 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1071/37519
Technicals
52-week high: $75.22
Company's 52-week low was at $42.02
Price action over last quarter: down 1.31%
Company Description
Prosperity Bancshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. It operates more than 200 branches in Texas, most of them around the Houston, Dallas-Fort Worth, Corpus Christi, and Austin metropolitan areas. Its $5 billion loans are heavily weighted toward real estate, with commercial mortgages, consumer mortgages, and construction loans constituting roughly 40%, 25%, and 10% of its portfolio, respectively.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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