Prosperity Bancshares (PB) Tops Q4 EPS by 9c
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Prosperity Bancshares, Inc.® Reports Fourth Quarter 2020 Earnings
January 27, 2021 6:30 AM ESTHOUSTON, Jan. 27, 2021 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended December 31, 2020 of  $137.1 million compared with $86.1 million for the same period in 2019. Net income per diluted common share was $1.48 compared with $1.01 for the same period in 2019, which is net of merger related expenses of $0.43(1) per diluted common share. Excluding merger related expenses, the earnings per diluted common share was $1.44(1) for the fourth quarter 2019. Additionally, deposits increased $901.3 million or 3.4% (13.6% annualized) during the fourth quarter 2020 and nonperforming assets remain low at 0.20% of... More
