PB - Prosperity Bancshares GAAP EPS of $1.40 beats by $0.01 revenue of $286.06M beats by $0.67M
- Prosperity Bancshares press release ( NYSE: PB ): Q2 GAAP EPS of $1.40 beats by $0.01 .
- Revenue of $286.06M (+1.8% Y/Y) beats by $0.67M .
- Second quarter net income increased $6.2 million or 5.0% compared to the first quarter 2022
- Loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, increased $406.9 million or 2.4% (9.8% annualized) during the second quarter 2022
- Allowance for credit losses on loans and on off-balance sheet credit exposure of $313.9 million
- Allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program loans, of 1.67% (1)
- Nonperforming assets remain low at 0.07% of second quarter average interest-earning assets
- Return (annualized) on second quarter average assets of 1.36%
- Returns (annualized) on second quarter average common equity of 7.84% and average tangible common equity of 15.73% (1)
- Repurchased 981,884 shares during the second quarter 2022.
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Prosperity Bancshares GAAP EPS of $1.40 beats by $0.01, revenue of $286.06M beats by $0.67M