PB - Prosperity Bancshares: Earnings Likely To Be Somewhat Flat

• Excess liquidity, low reinvestment rates, sticky deposit costs, and a natural decline in purchase accounting accretion will likely hurt the margin this year.
• The existing allowance level appears high enough to cover pandemic-related loan losses. As a result, the provision expense will likely remain subdued in the year ahead.
• The year-end target price suggests a small upside from the current market price. Further, PB is offering a modest dividend yield.

For further details see: