Oct 28, 6:30 AM ET
Prosperity Bancshares reported third quarter 2026 net income of $141.5 million, or $1.18 per diluted share, up from $137.6 million but down from $1.45 a year earlier. Results were reduced by $69.7 million in merger related expenses, and excluding these and other items, net income was $200.8 million, or $1.67 per diluted share. The board also approved a fourth quarter dividend of $0.64 per share, up from $0.60.
- Net income of $141.5 million, or $1.18 per diluted share, for the quarter ended September 30, 2026, compared with $137.6 million, or $1.45 per diluted share, a year earlier.
- Merger related expenses of $69.7 million, or $0.46 per diluted share, weighed on results. Excluding these and other items, net income was $200.8 million, or $1.67 per diluted share.
- Quarterly dividend increased to $0.64 per share from $0.60, payable January 4, 2027, to holders of record as of December 15, 2026.
- Net interest margin of 3.73%, compared with 3.24% a year earlier, and total assets of $54.1 billion at September 30, 2026.
Read the filing on SEC.gov ↗
Jul 29, 6:30 AM ET
Prosperity Bancshares reported second quarter 2026 net income of $168.6 million, or $1.67 per diluted share, up from $135.2 million, or $1.42, a year earlier. Excluding a $8.2 million net gain on Visa Class B-2 stock exchange and sale of investment securities, and $755 thousand of merger related expenses, net income was $162.7 million, or $1.62 per share, up 20.4% and 14.1% respectively, while net interest income rose 23.5% from a year earlier. The Stellar Bancorp merger was completed on July 1, 2026, after the quarter ended.
- Net income of $168.6 million and diluted EPS of $1.67 for Q2 2026, versus $135.2 million and $1.42 for Q2 2025
- Excluding non-recurring items, net income was $162.7 million and EPS was $1.62, up 20.4% and 14.1% year over year
- Net interest income was $330.6 million, up 23.5%, and net interest margin was 3.47% versus 3.18% a year earlier
- Stellar Bancorp merger completed July 1, 2026; total assets were $43.873 billion at June 30, 2026; third quarter dividend of $0.60 per share payable October 1, 2026
Read the filing on SEC.gov ↗
Jul 1, 7:15 AM ET
Prosperity Bancshares completed its acquisition of Stellar Bancorp on July 1, 2026, with Stellar merging into Prosperity and Stellar Bank merging into Prosperity Bank. Stellar holders received 0.3803 Prosperity shares plus $11.36 in cash per share, with total consideration of about $590 million in cash and 19 million Prosperity shares, and the filing notes Prosperity assumed about $2.17 billion in Federal Home Loan Bank of Dallas obligations.
- Closing effective July 1, 2026; merger agreement dated January 27, 2026
- Stellar holders received 0.3803 Prosperity shares and $11.36 cash per share; total consideration about $590 million cash and 19 million shares
- Prosperity assumed about $2.17 billion in FHLB Dallas obligations issued to Stellar Bank
- Robert R. Franklin, Jr. joined the board and became Vice Chairman; his agreement includes a $3,000,000 signing bonus and a 25,000-share restricted stock award
Read the filing on SEC.gov ↗
Apr 29, 6:30 AM ET
Prosperity Bancshares reported first quarter 2026 net income of $116.3 million, or $1.16 per diluted share, down from $130.2 million, or $1.37, a year earlier. The company said $42.5 million of merger-related expenses weighed on results; excluding those costs, net income was $149.9 million and diluted EPS was $1.50.
- Net income $116.3 million vs $130.2 million in Q1 2025; diluted EPS $1.16 vs $1.37
- Merger-related expenses of $42.5 million, or $0.34 per diluted share; excluding them, EPS was $1.50 (non-GAAP)
- Net interest income before provision rose 21.0% year over year to $321.2 million
- Stellar Bancorp merger expected to complete on or about July 1, 2026; second quarter dividend of $0.60 per share
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
