PB - Prosperity Bancshares: Recession-Resistant Dividend Growth Machine In The Lone Star State
Prosperity Bancshares, Inc. (PB) is a Houston, Texas-based retail bank. The company operates 243 full-service locations over most of the state of Texas as well as central Oklahoma (Tulsa and Oklahoma City). Despite its widespread presence across the state, Prosperity only accounts for about 3% of deposit market share in Texas, giving it plenty of room for growth.
Source: Smart Asset
Over its lifespan, Prosperity has been the banking equivalent of Ms. Pac Man, gobbling up smaller banks one after the other. It has successfully acquired and integrated 42 banks over the past