Company Quick10K Filing
Prosperity Bancshares
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-02
10-Q 2019-03-31 Filed 2019-05-07
10-K 2018-12-31 Filed 2019-02-27
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-07
10-Q 2018-03-31 Filed 2018-05-07
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-11-06
10-Q 2017-06-30 Filed 2017-08-07
10-Q 2017-03-31 Filed 2017-05-08
10-K 2016-12-31 Filed 2017-02-28
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-10
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-06
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-08
10-K 2013-12-31 Filed 2014-02-28
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-07
10-Q 2013-03-31 Filed 2013-05-09
10-K 2012-12-31 Filed 2013-02-28
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-09
10-K 2011-12-31 Filed 2012-02-29
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-09
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-09-30 Filed 2010-11-09
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-10
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-04-29 Earnings, Exhibits
8-K 2020-04-21 Shareholder Vote
8-K 2020-01-29 Earnings, Exhibits
8-K 2019-11-01 M&A, Officers, Other Events, Exhibits
8-K 2019-10-29 Shareholder Vote
8-K 2019-10-23
8-K 2019-10-08 Other Events, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-06-18 Other Events, Exhibits
8-K 2019-06-16 Enter Agreement, Regulation FD, Exhibits
8-K 2019-06-14 Officers, Amend Bylaw, Other Events, Exhibits
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-04-16 Shareholder Vote
8-K 2019-03-28 Officers
8-K 2019-02-12 Officers, Exhibits
8-K 2019-01-30 Earnings, Exhibits
8-K 2018-10-24 Earnings, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-17 Shareholder Vote
8-K 2018-02-13
8-K 2018-01-24 Earnings, Exhibits
8-K 2018-01-19 Other Events, Exhibits
8-K 2018-01-16 Amend Bylaw, Exhibits

Prosperity Bancshares Financials

PB Metrics, Comps, Filings

Quarterly | Annual

Business

Prosperity Bancshares, Inc.®, a Texas corporation (the "Company"), was formed in 1983 as a vehicle to acquire the former Allied Bank in Edna, Texas, which was chartered in 1949 as The First National Bank of Edna and is now known as Prosperity Bank. The Company is a registered financial holding company that derives substantially all of its revenues and income from the operation of its bank subsidiary, Prosperity Bank® ("Prosperity Bank®" or the "Bank"). The Bank provides a wide array of financial products and services to small and medium-sized businesses and consumers. As of December 31, 2018, the Bank operated 242 full service banking locations: 65 in the Houston area, including The Woodlands; 29 in the South Texas area, including Corpus Christi and Victoria; 33 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area. The Company's principal executive office is located at Prosperity Bank Plaza, 4295 San Felipe in Houston, Texas and its telephone number is (281) 269-7199. The Company's website address is www.prosperitybankusa.com.

The Company's market consists of the communities served by its banking centers. The diverse nature of the economies in each local market served by the Company provides the Company with a varied customer base and allows the Company to spread its lending risk throughout a number of different industries including professional service firms and their principals, manufacturing, tourism, recreation, petrochemicals, farming and ranching. The Company's market areas outside of Houston, Dallas, Corpus Christi, San Antonio, Lubbock, Austin, Tulsa and Oklahoma City are dominated by either small community banks or branches of larger regional banks. Management believes that the Company, through its responsive customer service and community banking philosophy, combined with the sophistication of a larger regional bank holding company, has a competitive advantage in its market areas and excellent growth opportunities through acquisitions, new banking center locations and additional business development.

Operating under a community banking philosophy, the Company seeks to develop broad customer relationships based on service and convenience while maintaining its prudent approach to lending and sound asset quality. The Company has grown through a combination of internal growth, the acquisition of community banks and branches of banks and the opening of new banking centers. As a result of its stable customer relationships, the Company is able to maintain a low cost of funds. Utilizing that and employing stringent cost controls, the Company has been profitable in every year of its existence, including the periods of adverse economic conditions in Texas and Oklahoma.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
BOK Financial (BOKF) 6,051 6.0 1% 43,127 38,290 0 0 391 810 4,824
Cullen/Frost Bankers (CFR) 5,632 0% 10.4 1% 33,098 29,217 1,022 0 340 541 5,632
First Citizens Bancshares (FCNCA) 5,339 12.3 1% 37,748 34,180 0 0 355 421 5,162
Synovus Financial (SNV) 5,313 6.0 1% 47,661 42,792 0 0 517 1,050 6,284
Popular (BPOP) 5,286 5.2 1% 52,480 46,572 0 0 504 913 4,778
First Horizon National (FHN) 5,154 0% 4.9 1% 43,718 38,722 1,333 0 331 750 3,658
Prosperity Bancshares (PB) 4,935 11.1 1% 22,093 17,966 0 0 246 406 4,514
Bank of The Ozarks (OZK) 4,754 6.5 2% 19,152 16,276 0 0 308 585 3,825
Western Alliance (WAL) 4,743 4.9 2% 26,324 23,401 0 0 492 785 3,871
First Financial (FFIN) 4,548 26.5 2% 8,114 6,909 0 0 123 172 4,548
CIT Group (CIT) 4,455 6.0 1% 51,403 45,370 0 0 491 1,499 9,053
Pinnacle Financial Partners (PNFP) 4,351 6.2 1% 27,548 23,253 0 0 400 702 4,351
PacWest Bancorp (PACW) 4,294 0% 5.7 2% 26,725 21,805 1,042 0 466 839 4,811
Webster Financial (WBS) 4,189 0% 6.4 1% 29,895 26,743 157 0 391 688 4,435
Sterling Bancorp (STL) 4,168 0% 8.0 1% 30,078 25,557 20 0 435 852 6,797
Iberiabank (IBKC) 4,053 7.1 1% 31,735 27,451 0 0 302 636 4,516
United Bankshares (UBSI) 3,949 11.0 1% 19,751 16,397 0 0 261 511 5,622
Wintrust Financial (WTFC) 3,774 0% 4.3 1% 34,912 31,372 1,088 0 349 780 3,325
Glacier Bancorp (GBCI) 3,727 0% 11.3 1% 13,719 11,765 55 0 203 294 3,320
FNB (FNB) 3,714 5.7 1% 34,329 29,509 0 0 392 778 4,445

Balance Sheet ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash149141159146146212213152153208326181251271381350513331678354354301564336334342437326323303392244275294411292303421
Accounts Receivable
Inventory
PP&E161160159159160160207163166201260207227232348281286283359276275272357278273270362258257256368257255256378258262264
Assets9,6099,2399,4779,7239,6579,5679,82310,89010,73713,71214,58415,08116,27116,05418,64218,91321,24821,11721,50821,60721,68621,56722,03721,97821,79621,40422,33122,47722,29722,14322,58722,47222,57122,61322,69322,35422,37522,093
Accounts Payable
Long-Term Debt
Liabilities8,2057,8098,0248,2428,1458,0268,2559,2809,09411,67412,49412,93213,92513,66515,85516,07218,12817,93418,26318,30518,32918,15618,57418,47918,25217,80918,68918,78818,56018,36218,76318,59618,63518,61718,64118,24418,24717,966
Stockholders' Equity1,4041,4301,4521,4801,5121,5411,5671,6101,6442,0382,0892,1492,3452,3892,7872,8413,1213,1833,2453,3023,3573,4113,4633,4993,5453,5953,6423,6893,7363,7813,8243,8763,9353,9964,0534,1104,1284,127
Income Statement ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax1616161732191919362322242727313438393937363635343434333432330623221212121
Net Income32323334373636363746484957556367767778747271706968696969696867748283828282
Cash Flow ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating58297437723550351162511355815911382866811780833216166125-181446313944786813473143
Cash Investing343-234-28158131-274-1,036183241-590-500134228147-313344-448-7269-199292181383-816-256147116-379-42-30215-4360
Cash Financing-409223193-95-137240925-218-302699243-119-289117169-262-2233378-8-205430-681-250-5009290-213-273423-183-20-468-58-384