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Prosperity Bancshares Inc reports results for the quarter ended June 30 - Earnings Summary

Prosperity Bancshares Inc PB.N reported quarterly adjusted earnings of $1.42​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.17.  The mean expectation of fourteen analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.38  to $1.45 per share.

Revenue rose 1.9% to $310.70 million from a year ago; analysts expected $315.08 million.

Prosperity Bancshares Inc's reported EPS for the quarter was $1.42​.

The company reported quarterly net income of $135.16 million.

Prosperity Bancshares Inc shares had risen by 3.8% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

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 $83.00, about 12.2% above its last closing price of $72.89

This summary was machine generated from LSEG data July 23 at 01:32 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.411.42Beat
Mar. 31 20251.361.37Beat
Dec. 31 20241.341.37Beat
Sep. 30 20241.311.34Beat

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