Prosperity Bancshares: Q3 Earnings Insights
Shares of Prosperity Bancshares (NYSE:PB) rose 0.9% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share rose 17.65% year over year to $1.40, which beat the estimate of $1.29.
Revenue of $293,037,000 higher by 58.69% year over year, which beat the estimate of $279,870,000.
Guidance
Prosperity Bancshares hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Oct 28, 2020
Time: 11:30 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1071/37519
Technicals
52-week high: $75.22
Company's 52-week low was at $42.02
Price action over last quarter: down 1.31%
Company Description
Prosperity Bancshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. It operates more than 200 branches in Texas, most of them around the Houston, Dallas-Fort Worth, Corpus Christi, and Austin metropolitan areas. Its $5 billion loans are heavily weighted toward real estate, with commercial mortgages, consumer mortgages, and construction loans constituting roughly 40%, 25%, and 10% of its portfolio, respectively.
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