PB - Prosperity Bancshares: A Credit Safe Haven And Good Long-Term Buy

Investment Thesis

With $33 billion in assets, Prosperity Bancshares (PB) is a Houston, Texas-based bank holding company that offers a variety of traditional loan and deposit products as well as retail brokerage, trust, and wealth management services. If you don’t live in Texas, you might not have heard of PB, however, Prosperity operates almost 275 banking centers across Houston, the Dallas/Fort Worth area, Austin, San Antonio, Central Oklahoma, and more.

The most recent acquisition of LegacyTexas significantly enhances the PB footprint in Dallas and will help leverage the legacy company's excess core deposits