tiprankstipranks
Prosperity Bancshares reports Q4 EPS $1.37, consensus $1.33
The Fly

Prosperity Bancshares reports Q4 EPS $1.37, consensus $1.33

Reports Q4 tangible book value per share $40.61. Reports Q4 CET1 capital ratio 16.42%. Reports Q4 net charge-offs .05%. “We are excited about the growth and future of our company. The Texas and Oklahoma economies are some of the best in the country. Texas has no state income tax and both Texas and Oklahoma have a business-friendly political climate. The Texas population grew more than any other state in 2024, with the addition of 563,000 people, bringing the total population to 31,290,831. Further, according to Forbes in July 2024, there have been 209 corporate relocations to Texas since 2018. All of this bodes well for our future growth,” said David Zalman, Prosperity’s senior chairman and CEO.

Invest with Confidence:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App