Prosperity Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

Prosperity Bancshares

29/01/2025 14:32

* Prosperity Bancshares Inc  PB.N  reported quarterly
adjusted
earnings of $1.37​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of $1.02.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.34 per
share. Wall Street expected results to range from $1.29 
to $1.37 per share.
    * Revenue rose 12.5% to $307.61 million from a year ago;
analysts
expected $303.64 million. 
    * Prosperity Bancshares Inc's reported EPS for the quarter
was
$1.37​.
    * The company reported quarterly net income of $130.08
million.
    * Prosperity Bancshares Inc shares had risen by 6.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Prosperity
Bancshares Inc is $85.00 
This summary was machine generated from LSEG data January 29 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.34           1.37           Beat
 Sep. 30 2024      1.31           1.34           Beat
 Jun. 30 2024      1.18           1.17           Missed
 Mar. 31 2024      1.16           1.18           Beat