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Prosperity Bancshares (PB) Company Profile

Updated Sep 9, 2019
Prosperity Bancshares has the following business profile:
Company's Full Name:Prosperity Bancshares, Inc.
Short Name:Prosperity Bancshares
Trading Ticker Symbol:PB
Primary Exchange:NYSE
Headquarter City/Country:Texas, TX
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Prosperity Bancshares

The following details were available for trading and market data about the stock of Prosperity Bancshares as of writing:
Current Share Price:$67.12
Previous Year's Closing Price:$62.3
Percentage Price Change (YTD):7.74%
Market Cap:$4.61 billion
52-week Price Range:$57.01 - $76.1
Dividend Per Share:$1.59
EPS (TTM):4.73
Price-Earnings (Trailing):14.18
Price-Earnings (Forward):12.83

Company Profile and Business Description for Prosperity Bancshares

Prosperity Bancshares, Inc., incorporated on December 22, 1983, is a financial holding company, which operates through its bank subsidiary, Prosperity Bank (the Bank). The Bank provides a range of financial products and services to small and medium-sized businesses and consumers. The Company, through the Bank, offers a range of loan and deposit products to its customers, which consist primarily of consumers, and small and medium-sized businesses. At December 31, 2016, the Bank maintained approximately 598,400 separate deposit accounts, including certificates of deposit and 53,600 separate loan accounts. As a real estate lender, the Company offered commercial real estate (including multifamily residential) and one- to four-family residential loans, as of December 31, 2016.

As of December 31, 2016, the Bank operated 245 full service banking locations; 65 in the Houston area, including The Woodlands; 29 in the South Texas area, including Corpus Christi and Victoria; 36 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area, six in the Central Oklahoma area and eight in the Tulsa, Oklahoma area. The Company maintained a trust department with $1.68 billion in assets under management, as of December 31, 2016. The trust department provides trust services in the Company's various market areas. Its subsidiaries include Coppermark Card Services, Inc., Citizens Insurance Agency of Texas, Inc. and HSUMY, Inc.

Lending Activities

The Company offers commercial loans, loans for automobiles and other consumer durables, home equity loans, debit and credit cards, Internet banking and other cash management services, mobile banking, trust and wealth management, retail brokerage services, mortgage banking services and automated telephone banking. The Company offers businesses a range of loan products, including term loans, lines of credit, and loans for working capital, business expansion and the purchase of equipment and machinery; land development and interim construction loans for builders, and owner-occupied and non-owner-occupied commercial real estate loans. The Company's total loans were $9.62 billion at December 31, 2016.

Investment Activities

At December 31, 2016, the carrying amount of investment securities totaled $9.73 billion. As of December 31, 2016, its available-for-sale securities totaled $221.176 million. As of December 31, 2016, its held-to-maturity securities totaled $9.339 billion.

Sources of Funds

The Company offers its depositors a range of deposit products, such as certificates of deposit, interest checking accounts, savings accounts and overdraft protection at competitive rates. As of December 31, 2016, the Company had total deposits of $17.31 billion.

4295 San Felipe St

Peer / Competitor Companies of Major Banks Sector

Along with Prosperity Bancshares, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

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▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

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