Prosperity Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

• Prosperity Bancshares Inc PB.N reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.02. The mean expectation of fourteen analysts for the quarter was for earnings of $1.34 per share. Wall Street expected results to range from $1.29 to $1.37 per share.

• Revenue rose 12.5% to $307.61 million from a year ago; analysts expected $303.64 million.

• Prosperity Bancshares Inc's reported EPS for the quarter was $1.37​.

• The company reported quarterly net income of $130.08 million.

• Prosperity Bancshares Inc shares had risen by 6.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Prosperity Bancshares Inc is $85.00

This summary was machine generated from LSEG data January 29 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)