NYSE$PB
Prosperity Bancshares Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Prosperity Bancshares, Inc. reported first quarter earnings with net income of $110.4 million and diluted earnings per share of $1.18.
Prosperity Bancshares, Inc. reported a net income of $110.4 million, or $1.18 per diluted share, for the quarter ended March 31, 2024. The results reflect an increase in net interest margin and strategic acquisitions, including the merger with Lone Star State Bancshares, Inc.
- Net income was $110.4 million and diluted earnings per share was $1.18 for first quarter 2024.
- Loans, excluding Warehouse Purchase Program loans and loans acquired in the merger of First Bancshares of Texas, Inc, increased $115.8 million or 0.6% during first quarter 2024.
- Deposits, excluding public funds deposits, increased $109.8 million during first quarter 2024, with no brokered deposits purchased
- Net interest margin increased 4 basis points to 2.79% during first quarter 2024
Headline financials
Revenue & EPS history
Prosperity · Revenue · Quarterly
$277M
Revenue by segment
Prosperity · $37.6M total across 9 segments · Q2 2022
- Card Income$8.88M—23.6%
- NSF Fees$8.48M—22.6%
- Other Noninterest Income$7.17M—19.1%
- Deposit Charges$6.37M—16.9%
- Trust Income$2.88M—7.6%
- BOLI Income$1.29M—3.4%
- Net Gain/Loss on Assets$1.11M—2.9%
- Brokerage Income$917K—2.4%
- Mortgage Income$502K—1.3%
Forward guidance
Prosperity Bancshares is focused on maintaining long-term customer relationships, strong asset quality, and shareholder returns. They believe the Texas and Oklahoma economies will outperform most other states.
Tailwinds
- Focus on long term relationships and customers’ success
- Maintaining strong asset quality and earnings
- Commitment to a fair return to shareholders
- High tangible equity to tangible assets ratio
- Continued sharing of earnings with shareholders through dividends and share repurchases
Headwinds
- No specific negative guidance mentioned in the provided text.
- No specific negative guidance mentioned in the provided text.
- No specific negative guidance mentioned in the provided text.
- No specific negative guidance mentioned in the provided text.
- No specific negative guidance mentioned in the provided text.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.7%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.4%
Avg return
30 days after
57%
39 / 68 earnings
Positive
+15.6%
Q4 2015
Best reaction
-7.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -1.4% | -0.7% | |
| Q4 2025 | -7.4% | -4.4% | -3.5% | |
| Q3 2025 | +2.7% | +5.2% | +8.6% | |
| Q1 2025 | +0.2% | +0.8% | +3.9% | |
| Q4 2024 | -0.7% | -1.8% | -4.0% | |
| Q3 2024 | +1.3% | +2.1% | +16.1% | |
| Q2 2024 | +4.3% | +3.2% | +5.4% | |
| Q1 2024 | +2.3% | -0.2% | -1.0% | |
| Q4 2023 | -0.1% | +2.4% | -3.7% | |
| Q3 2023 | +8.9% | +7.8% | +17.4% | |
| Q2 2023 | +1.4% | +3.3% | -8.2% | |
| Q1 2023 | +5.7% | +3.9% | -1.4% | |
| Q4 2022 | +2.7% | +1.9% | +1.8% | |
| Q3 2022 | -5.1% | -3.3% | +2.9% | |
| Q2 2022 | +0.1% | +2.4% | +0.0% | |
| Q1 2022 | +2.9% | +3.1% | +11.6% | |
| Q4 2021 | -2.8% | -3.5% | -1.9% | |
| Q3 2021 | -1.2% | +3.1% | -4.2% | |
| Q2 2021 | +2.6% | -1.6% | +4.2% | |
| Q1 2021 | -1.9% | -3.6% | -2.6% | |
| Q4 2020 | -0.5% | -0.1% | +7.3% | |
| Q3 2020 | -1.2% | +3.1% | +16.8% | |
| Q2 2020 | +1.7% | +0.6% | +0.4% | |
| Q1 2020 | +10.6% | +7.6% | +20.7% | |
| Q4 2019 | +4.9% | +5.4% | -4.6% | |
| Q3 2019 | +2.4% | +2.4% | -2.4% | |
| Q2 2019 | +2.5% | +1.7% | -6.5% | |
| Q1 2019 | -0.2% | +2.3% | -5.0% | |
| Q4 2018 | +0.1% | +3.2% | +5.2% | |
| Q3 2018 | +0.3% | +3.6% | +10.4% | |
| Q2 2018 | -1.0% | +0.6% | +7.1% | |
| Q1 2018 | -4.7% | -5.3% | -2.6% | |
| Q4 2017 | +1.0% | +1.0% | +1.4% | |
| Q3 2017 | +3.7% | +1.5% | +0.3% | |
| Q2 2017 | -3.9% | -2.8% | -6.2% | |
| Q1 2017 | -2.0% | -3.6% | -9.0% | |
| Q4 2016 | +3.4% | -0.5% | +1.8% | |
| Q3 2016 | -2.0% | -2.3% | +15.7% | |
| Q2 2016 | -3.5% | -7.2% | +1.0% | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | +15.6% | — | — | |
| Q3 2015 | +2.8% | — | — | |
| Q2 2015 | -4.4% | — | — | |
| Q1 2015 | -3.0% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | +1.7% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | -2.4% | — | — | |
| Q4 2013 | +4.9% | — | — | |
| Q3 2013 | -2.6% | — | — | |
| Q2 2013 | +0.6% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | -1.9% | — | — | |
| Q3 2012 | +6.4% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2011 | +3.2% | — | — | |
| Q3 2011 | -4.3% | — | — | |
| Q2 2011 | +2.9% | — | — | |
| Q1 2010 | +1.7% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q4 2008 | -1.0% | — | — | |
| Q4 2009 | -1.0% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q3 2009 | +2.3% | — | — | |
| Q2 2010 | -0.0% | — | — | |
| Q2 2009 | -0.0% | — | — |
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