PB News and Press, Prosperity Bancshares Inc. From 02/24/21

Bloomberg has reported that Cadence has approached financial advisors to gauge interest in a sale of the business. Cadence has seen significantly elevated credit losses for over a year, and the bank's criticized loan and at-risk portfolio numbers remain high, though reserves and capit...

Prosperity posted a relatively good fourth quarter, with the earnings beat relative to the Street balanced between a core pre-provision beat and lower credit costs. The bank beat expectations, but core PPOP was still down slightly from the prior quarter, spreads contracted, and loan b...

Prosperity Bancshares, Inc. (PB) Q4 2020 Results Conference Call January 27, 2021 11:30 AM ET Company Participants Charlotte Rasche - EVP and General Counsel David Zalman - Senior Chairman and CEO Tim Timanus - Chairman Asylbek Osmonov - CFO Eddie Safady - Vice Chairman Kevin Hanigan - Presid...

Image source: The Motley Fool. Prosperity Bancshares Inc (NYSE: PB) Q4 2020 Earnings Call Jan 27, 2021 , 11:30 a.m. ET Operator Continue reading For further details see: Prosperity Bancshares Inc (PB) Q4 2020 Earnings Call Transcript

Third Avenue Management LLC offers its services to private and institutional clients and is partially owned by Affiliated Managers Group, a publicly-traded asset management firm holding company. The Third Avenue Small-Cap Value Fund rose 24.04% during the fourth quarter of 2020 vs. a ...

The following slide deck was published by Prosperity Bancshares, Inc. in conjunction with their 2020 Q4 earnings call. For further details see: Prosperity Bancshares, Inc. 2020 Q4 - Results - Earnings Call Presentation

Prosperity Bancshares (PB): Q4 GAAP EPS of $1.48 beats by $0.13.Revenue of $294.18M (+9.8% Y/Y) beats by $8.78M.Press Release For further details see: Prosperity Bancshares EPS beats by $0.13, beats on revenue

Prosperity Bancshares, Inc.® Reports Fourth Quarter 2020 Earnings - Fourth quarter earnings per share (diluted) of $1.48, an increase of 46.5% compared to the fourth quarter 2019 - Fourth quarter net income of $137.1 million - Deposits increased $901.3 million or 3....

Prosperity Bancshares (PB) Board authorizes stock repurchase program under which it may repurchase up to 5%, or ~4.65M shares, of its outstanding common stock over a one-year period expiring on January 26, 2022.Press Release For further details see: Prosperity Bancshares announces stock...

Noting that 75% of bank stock outperformance to the S&P occurs in the first year of a recovery, Bank of America Securities analysts boost price targets by 18% on average for banks, implying an average 27% return for mega-caps, 13% for large regionals and 13% for SMID-caps.They raise their...