Prosperity Bancshares, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- David E. Zalman
- Full Time Employees
- 3,941
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- Prosperity Bank Plaza Houston TX United States of America 77027
- IPO Date
- Nov 12, 1998
- CIK
- 0001068851
- Website
- prosperitybankusa.com
- Similar Companies
- Business
- Prosperity Bancshares, Inc. (NYSE: PB) operates as the bank holding company for Prosperity Bank, a regional institution providing a broad range of retail and commercial banking products and services to consumers, small- to mid-sized businesses, and other customers primarily throughout Texas and central Oklahoma; the company offers deposit products including checking and demand accounts, savings accounts, money market accounts, time deposits, and certificates of deposit; it provides diverse loan products such as 1-4 family residential mortgages, commercial real estate and multifamily residential loans, commercial and industrial loans, agricultural and non-real estate agricultural loans, construction, land development, and other land loans, consumer loans including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans, term loans and lines of credit, consumer durables, home equity loans, and loans for working capital, business expansion, equipment and machinery purchases; additional services encompass digital banking, internet banking, mobile banking, debit and credit cards, trust and wealth management, retail brokerage, mortgage services, and treasury management, supported by a network of over 280 branches concentrated in key Texas markets including Houston, Dallas-Fort Worth, San Antonio, Austin, Corpus Christi, and West Texas areas like Midland-Odessa and Lubbock, as well as select locations in central Oklahoma. Founded in 1983 and headquartered at Prosperity Bank Plaza, 4295 San Felipe, Houston, Texas, the company pursues growth through strategic acquisitions and organic expansion, maintaining a conservative lending approach with low nonperforming assets and strong capital levels. Recent developments include the completion of the merger with Lone Star State Bancshares, Inc. in April 2024 with operational integration finalized in October 2024; the signing of a definitive merger agreement in July 2025 to acquire American Bank Holding Corporation, parent of American Bank, N.A. in Corpus Christi, Texas, in a stock-for-stock transaction valued at approximately $321.5 million, adding 18 banking offices and 2 loan production offices in South and Central Texas and expected to close in Q4 2025 or Q1 2026; the signing of a definitive merger agreement in October 2025 to acquire Southwest Bancshares, Inc., parent of Texas Partners Bank in San Antonio, Texas, for approximately $269 million in stock, incorporating $2.4 billion in assets, 11 banking centers in Central Texas including San Antonio, Kerrville, and Bandera, and slated for closure in Q1 2026; shareholder approval of the American Bank acquisition in November 2025; quarterly dividend increases, including to $0.60 per share for Q4 2025; and the announcement of stock repurchase programs in January 2025 and earlier periods.
Company News
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