Skip to main content

Market Overview

Recap: Prosperity Bancshares Q1 Earnings

Share:

 

Shares of Prosperity Bancshares (NYSE:PB) remained unaffected after the company reported Q1 results.

Quarterly Results

Earnings per share rose 3.60% year over year to $1.44, which beat the estimate of $1.38.

Revenue of $288,590,000 decreased by 0.63% from the same period last year, which beat the estimate of $283,660,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Apr 28, 2021

Time: 11:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1071/40574

Technicals

Company's 52-week high was at $83.02

Company's 52-week low was at $48.80

Price action over last quarter: Up 13.43%

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.

 

Related Articles (PB)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com