Prosperity Bancshares, Inc. is a regional financial holding company that operates Prosperity Bank. Headquartered in Houston, Texas, the company provides a wide range of personal and commercial banking services to consumers and businesses primarily across Texas and Oklahoma. It is distinctive for its community banking philosophy, conservative credit underwriting, and a long history of growth through strategic acquisitions of local banks.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Net Interest Income
1,081,492
1,026,495
956,433
1,005,231
Non-Interest Income
168,301
165,809
153,265
145,128
Total Revenues Before Provision for Credit Losses
1,249,793
1,192,304
1,109,698
1,150,359
Provision for Credit Losses
—
9,066
18,540
—
Total Revenues After Provision for Credit Losses
1,249,793
1,183,238
1,091,158
1,150,359
Compensation Expenses
353,105
352,353
328,430
314,713
Selling, General & Administrative Expenses
151,901
158,877
162,624
122,455
Other Non-Interest Expenses
49,901
59,925
67,312
47,018
Total Non-Interest Expense
556,213
570,573
556,698
484,186
Income Before Provision for Income Taxes
693,580
612,665
534,460
666,173
Provision for Income Taxes
150,737
133,279
115,144
141,657
Consolidated Net Income
542,843
479,386
419,316
524,516
Net Income Attributable to Common Shareholders
542,843
479,386
419,316
524,516
Basic EPS
5.72
5.05
4.51
5.73
Diluted EPS
5.72
5.05
4.51
5.73
Basic Weighted Average Shares Outstanding
94,917
95,000
92,902
91,604
Diluted Weighted Average Shares Outstanding
94,917
95,000
92,902
91,604
Shares Outstanding
93,058
95,275
93,722
91,314
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
1,747,728
1,972,467
458,413
424,133
Securities and Investments
10,613,425
11,094,424
12,803,896
14,476,005
Gross Loans
21,791,213
22,138,519
21,174,804
18,839,273
Allowance for Loan Losses
(333,742)
(351,805)
(332,362)
(281,576)
Net Loans
21,471,626
21,797,404
20,848,176
18,558,251
Net Property, Plant & Equipment
383,449
371,238
369,992
339,453
Accrued Interest and Accounts Receivable
99,297
104,367
96,327
88,438
Net Intangible Assets
51,605
66,047
63,994
51,348
Goodwill
3,503,127
3,503,129
3,396,086
3,231,636
Long-Term Investments
86,950
138,200
8,750
90,025
Other Non-Earning Assets
506,218
519,462
502,243
430,540
Total Assets
38,463,425
39,566,738
38,547,877
37,689,829
Interest-bearing deposits
19,014,573
18,582,900
17,403,237
17,618,083
Noninterest-bearing deposits
9,467,911
9,798,438
9,776,572
10,915,448
Total Deposits
28,482,484
28,381,338
27,179,809
28,533,531
Short-Term Interbank Borrowing and Repurchase Agreements
2,151,216
3,421,913
4,034,277
2,278,134
Accrued Expenses
30,913
41,910
34,819
4,495
Other Liabilities
182,672
283,082
219,642
174,295
Total Liabilities
30,847,285
32,128,243
31,468,547
30,990,455
Common Stock
93,058
95,276
93,723
91,314
Additional Paid-in Capital
3,653,751
3,796,622
3,703,795
3,541,924
Accumulated Other Comprehensive Income
(296)
(1,624)
(1,398)
(3,473)
Retained Earnings
3,869,627
3,548,221
3,283,210
3,069,609
Total Common Shareholders' Equity
7,616,140
7,438,495
7,079,330
6,699,374
Total Shareholders' Equity
7,616,140
7,438,495
7,079,330
6,699,374
Total Liabilities and Shareholders' Equity
38,463,425
39,566,738
38,547,877
37,689,829
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
542,843
479,386
419,316
524,516
Depreciation & Amortization
34,116
34,724
30,959
28,296
Provision for Credit Losses
—
9,066
18,540
—
Share-Based Compensation Expense
12,102
12,843
12,181
11,765
Net Change in Loans Held-for-Sale
(5,102)
(5,035)
(6,173)
6,720
Other Adjustments
(96)
(7,076)
23,783
36,474
Changes in Accrued Interest and Accounts Receivable
82,468
(106,525)
100,790
(85,209)
Changes in Accounts Payable
(116,818)
55,311
46,959
(16,036)
Cash from Operating Activities
549,513
472,694
646,355
506,526
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements
(223,895)
(258,658)
(81,625)
1,035,079
Net Change in Loans Held-for-Investment
547,946
338,834
(677,363)
(1,265,391)
Net Change in Securities and Investments
465,179
1,737,301
1,882,799
(1,706,746)
Payments for Business Acquisitions
—
169,855
(24,365)
—
Capital Expenditure
(32,529)
(21,140)
(34,153)
(42,421)
Proceeds from Sale of Property, Plant & Equipment
14,145
13,479
15,375
10,074
Other Investing Activities
3,068
1,904
13,604
5,778
Cash from Investing Activities
773,914
1,981,575
1,094,272
(1,963,627)
Net Change in Deposits
101,159
(38,710)
(2,931,109)
(2,237,920)
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements
(1,270,697)
(612,364)
1,505,883
1,830,035
Repayments of Long-Term Debt
—
—
(3,158)
—
Net Issuance / (Repayments) of Long-Term Debt
—
—
(3,158)
—
Repurchases of Common Shares
(157,191)
(74,766)
(72,248)
(65,721)
Net Issuance / (Repurchases) of Common Shares
(157,191)
(74,766)
(72,248)
(65,721)
Common Share Dividends Paid
(221,437)
(214,375)
(205,715)
(193,140)
Cash from Financing Activities
(1,548,166)
(940,215)
(1,706,347)
(666,746)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash