Prosperity Bancshares Inc - Understand $pb stock

$PB Market Cap: $7.943 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.213B

TTM

Gross Margin

Net Earnings

$444.8M

TTM

Current Assets

Current Liabilities

$4.129B

Q3 2024

Current Ratio

Total Assets

$40.12B

Q3 2024

Total Liabilities

$32.75B

Q3 2024

Book Value

$7.361B

Q3 2024

Cash

$2.210B

Q3 2024

P/E

17.86

Dec 04, 2024 EST

Free Cash Flow

$685.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	$1.445B	$1.095B	$1.047B	$1.144B		$727.2M	$677.4M	$675.8M	$669.7M	$714.8M	$539.3M	$419.8M	$371.9M	$384.5M
YoY Change	31.94%	4.58%	-8.48%			7.36%	0.23%	0.91%	-6.31%	32.54%	28.45%	12.89%	-3.28%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.445B	$1.095B	$1.047B	$1.144B	$727.2M	$677.4M	$675.8M	$669.7M	$714.8M	$539.3M	$419.8M	$371.9M	$384.5M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$7.400M	$6.107M	$5.243M	$5.317M	$5.314M	$4.658M	$4.398M	$4.455M	$4.434M	$4.848M	$3.629M
YoY Change	21.17%	16.48%	-1.39%	0.06%	14.08%	5.91%	-1.28%	0.47%	-8.54%	33.59%
% of Gross Profit
Depreciation & Amortization	$30.96M	$28.30M	$29.60M	$31.40M	$20.30M	$18.30M	$19.20M	$22.30M	$22.50M	$23.70M	$16.70M	$16.20M	$15.90M	$17.30M	$18.30M	$17.50M	$17.50M	$9.900M	$8.400M	$5.100M	$3.400M	$2.000M	$2.900M	$2.700M	$2.000M	$1.000M	$800.0K	$600.0K
YoY Change	9.41%	-4.41%	-5.73%	54.68%	10.93%	-4.69%	-13.9%	-0.89%	-5.06%	41.92%	3.09%	1.89%	-8.09%	-5.46%	4.57%	0.0%	76.77%	17.86%	64.71%	50.0%	70.0%	-31.03%	7.41%	35.0%	100.0%	25.0%	33.33%	20.0%
% of Gross Profit
Operating Expenses	$7.400M	$6.107M	$5.243M	$5.317M	$5.314M	$4.658M	$4.398M	$4.455M	$4.434M	$4.848M	$3.629M
YoY Change	21.17%	16.48%	-1.39%	0.06%	14.08%	5.91%	-1.28%	0.47%	-8.54%	33.59%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$488.1M	$89.60M	$53.62M	$113.2M	$137.2M	$97.62M	$60.49M	$43.16M	$39.19M	$43.64M	$40.47M	$39.14M	$45.24M	$66.39M
YoY Change	444.74%	67.12%	-52.63%	-17.49%	40.52%	61.37%	40.16%	10.12%	-10.2%	7.83%	3.41%	-13.49%	-31.86%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Pretax Income	$534.5M	$666.2M	$659.7M	$645.0M	$419.2M	$403.0M	$406.1M	$408.7M	$430.2M	$445.7M	$329.8M	$251.7M	$213.8M	$191.8M	$168.7M	$126.4M	$125.8M	$94.00M	$71.50M	$52.50M	$39.00M	$30.90M	$18.30M	$15.20M	$14.20M	$6.500M	$5.100M	$4.000M
YoY Change	-19.77%	0.98%	2.27%	53.87%	4.01%	-0.75%	-0.63%	-5.01%	-3.49%	35.15%	31.04%	17.74%	11.45%	13.69%	33.47%	0.48%	33.83%	31.47%	36.19%	34.62%	26.21%	68.85%	20.39%	7.04%	118.46%	27.45%	27.5%	29.03%
Income Tax	$115.1M	$141.7M	$140.4M	$116.1M	$86.66M	$81.22M	$133.9M	$134.2M	$143.5M	$148.3M	$108.4M	$83.78M	$72.02M	$64.09M	$56.80M	$41.90M	$41.60M	$32.20M	$23.60M	$17.70M	$12.40M	$9.600M	$5.400M	$4.500M	$4.700M	$2.000M	$1.600M	$1.200M
% Of Pretax Income	21.54%	21.26%	21.28%	18.0%	20.67%	20.15%	32.98%	32.84%	33.37%	33.27%	32.87%	33.29%	33.69%	33.42%	33.67%	33.15%	33.07%	34.26%	33.01%	33.71%	31.79%	31.07%	29.51%	29.61%	33.1%	30.77%	31.37%	30.0%
Net Earnings	$419.3M	$524.5M	$519.3M	$528.9M	$332.6M	$321.8M	$272.2M	$274.5M	$286.6M	$297.4M	$221.4M	$167.9M	$141.7M	$127.7M	$111.9M	$84.50M	$84.20M	$61.70M	$47.90M	$34.70M	$26.50M	$21.30M	$13.00M	$10.70M	$9.400M	$4.500M	$3.600M	$2.700M
YoY Change	-20.06%	1.01%	-1.82%	59.04%	3.34%	18.24%	-0.84%	-4.25%	-3.63%	34.35%	31.86%	18.45%	10.99%	14.13%	32.43%	0.36%	36.47%	28.81%	38.04%	30.94%	24.41%	63.85%	21.5%	13.83%	108.89%	25.0%	33.33%	17.39%
Net Earnings / Revenue	29.03%	47.91%	49.6%	46.24%		44.25%	40.18%	40.61%	42.8%	41.61%	41.05%	39.99%	38.11%	33.21%
Basic Earnings Per Share	$4.51	$5.73	$5.60	$5.68	$4.52	$4.61	$3.92	$3.94	$4.09	$4.32	$3.66	$3.24	$3.03	$2.74
Diluted Earnings Per Share	$4.51	$5.726M	$5.60	$5.68	$4.52	$4.61	$3.92	$3.94	$4.09	$4.32	$3.65	$3.23	$3.01	$2.73	$2.412M	$1.857M	$1.945M	$1.934M	$1.774M	$1.592M	$1.359M	$1.224M	$787.9K	$648.5K	$573.2K	$523.3K	$467.5K	$380.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$370.0M	$339.5M	$369.0M	$381.0M	$381.0M	$257.0M	$257.0M	$262.0M	$268.0M	$282.0M	$283.0M	$205.0M	$160.0M	$159.0M	$149.0M	$124.0M	$120.0M	$63.00M	$49.00M	$36.00M	$34.00M	$27.00M	$15.00M	$14.00M	$10.00M	$6.000M	$6.000M	$5.000M
YoY Change	9.0%	-8.01%	-3.15%	0.0%	48.25%	0.0%	-1.91%	-2.24%	-4.96%	-0.35%	38.05%	28.13%	0.63%	6.71%	20.16%	3.33%	90.48%	28.57%	36.11%	5.88%	25.93%	80.0%	7.14%	40.0%	66.67%	0.0%	20.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$35.64M	$16.56M	$21.00M	$44.00M	$37.00M	-$7.000M	$0.00	$9.000M	$25.00M	$61.00M
YoY Change	115.25%	-21.16%	-52.27%	18.92%	-628.57%		-100.0%	-64.0%	-59.02%
Total Long-Term Assets
YoY Change
Total Assets	$38.55B	$37.69B	$37.83B	$34.06B	$32.19B	$22.69B	$22.59B	$22.33B	$22.04B	$21.51B	$18.64B	$14.58B	$9.823B	$9.477B	$8.850B	$9.072B	$6.372B	$4.587B	$3.586B	$2.697B	$2.400B	$1.822B	$1.262B	$1.146B	$609.0M	$436.0M	$320.0M	$294.0M
YoY Change
Accounts Payable	$34.82M	$4.495M	$1.000M	$3.000M	$9.000M	$4.000M	$3.000M	$2.000M	$2.000M	$3.000M	$3.000M	$2.000M	$3.000M	$4.000M	$7.000M	$15.00M	$12.00M	$8.000M	$7.000M	$3.000M	$3.000M	$3.000M	$3.000M	$3.000M	$2.000M	$1.000M	$1.000M	$1.000M
YoY Change	674.62%	349.5%	-66.67%	-66.67%	125.0%	33.33%	50.0%	0.0%	-33.33%	0.0%	50.0%	-33.33%	-25.0%	-42.86%	-53.33%	25.0%	50.0%	14.29%	133.33%	0.0%	0.0%	0.0%	0.0%	50.0%	100.0%	0.0%	0.0%
Accrued Expenses	$36.80M	$41.80M	$49.00M	$57.00M	$54.00M
YoY Change	-11.96%	-14.69%	-14.04%	5.56%
Deferred Revenue
YoY Change
Short-Term Debt	$4.034B	$2.278B	$448.0M	$390.0M	$377.0M	$285.0M	$324.0M	$320.0M	$315.0M	$316.0M	$364.0M	$455.0M	$55.00M	$61.00M	$99.00M	$96.00M	$85.00M	$47.00M	$47.00M	$25.00M	$19.00M	$38.00M	$18.00M	$14.00M	$10.00M	$0.00
YoY Change	77.09%	408.51%	14.87%	3.45%	32.28%	-12.04%	1.25%	1.59%	-0.32%	-13.19%	-20.0%	727.27%	-9.84%	-38.38%	3.13%	12.94%	80.85%	0.0%	88.0%	31.58%	-50.0%	111.11%	28.57%	40.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.034B	$46.29M	$50.00M	$60.00M	$63.00M	$4.000M	$3.000M	$2.000M	$2.000M	$3.000M	$3.000M	$2.000M	$3.000M	$4.000M	$7.000M	$15.00M	$12.00M	$8.000M	$7.000M	$3.000M	$3.000M	$3.000M	$3.000M	$3.000M	$2.000M	$1.000M	$1.000M	$1.000M
YoY Change	8614.28%	-7.41%	-16.67%	-4.76%	1475.0%	33.33%	50.0%	0.0%	-33.33%	0.0%	50.0%	-33.33%	-25.0%	-42.86%	-53.33%	25.0%	50.0%	14.29%	133.33%	0.0%	0.0%	0.0%	0.0%	50.0%	100.0%	0.0%	0.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$126.0M	$0.00	$0.00	$0.00	$0.00	$168.0M	$124.0M	$85.00M	$85.00M	$92.00M	$92.00M	$92.00M	$113.0M	$101.0M	$76.00M	$47.00M	$60.00M	$33.00M	$27.00M	$12.00M	$12.00M	$0.00	$0.00	$3.000M
YoY Change				-100.0%					-100.0%	35.48%	45.88%	0.0%	-7.61%	0.0%	0.0%	-18.58%	11.88%	32.89%	61.7%	-21.67%	81.82%	22.22%	125.0%	0.0%			-100.0%
Other Long-Term Liabilities	$254.5M	$178.8M	$136.0M	$118.0M	$146.0M	$64.00M	$109.0M	$68.00M	$85.00M	$75.00M	$62.00M	$54.00M	$40.00M	$38.00M	$42.00M	$82.00M	$38.00M	$14.00M	$16.00M	$16.00M	$4.000M	$7.000M	$2.000M	$3.000M	$1.000M	$1.000M	$0.00	$0.00
YoY Change	42.32%	31.46%	15.25%	-19.18%	128.13%	-41.28%	60.29%	-20.0%	13.33%	20.97%	14.81%	35.0%	5.26%	-9.52%	-48.78%	115.79%	171.43%	-12.5%	0.0%	300.0%	-42.86%	250.0%	-33.33%	200.0%	0.0%
Total Long-Term Liabilities	$254.5M	$178.8M	$136.0M	$118.0M	$272.0M	$64.00M	$109.0M	$68.00M	$85.00M	$243.0M	$186.0M	$139.0M	$125.0M	$130.0M	$134.0M	$174.0M	$151.0M	$115.0M	$92.00M	$63.00M	$64.00M	$40.00M	$29.00M	$15.00M	$13.00M	$1.000M	$0.00	$3.000M
YoY Change	42.32%	31.46%	15.25%	-56.62%	325.0%	-41.28%	60.29%	-20.0%	-65.02%	30.65%	33.81%	11.2%	-3.85%	-2.99%	-22.99%	15.23%	31.3%	25.0%	46.03%	-1.56%	60.0%	37.93%	93.33%	15.38%	1200.0%		-100.0%
Total Liabilities	$31.47B	$30.99B	$31.41B	$27.93B	$26.22B	$18.64B	$18.76B	$18.69B	$18.57B	$18.26B	$15.86B	$12.49B	$8.255B	$8.024B	$7.499B	$7.817B	$5.245B	$3.922B	$3.121B	$2.422B	$2.181B	$1.668B	$1.174B	$1.066B	$565.0M	$395.0M	$295.0M	$275.0M
YoY Change	1.54%	-1.33%	12.45%	6.54%	40.63%	-0.65%	0.4%	0.62%	1.7%	15.19%	26.9%	51.35%	2.88%	7.0%	-4.07%	49.04%	33.73%	25.66%	28.86%	11.05%	30.76%	42.08%	10.13%	88.67%	43.04%	33.9%	7.27%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	92.90M	91.60M	92.66M	93.06M	73.52M	69.82M	69.48M	69.67M	70.03M	68.86M	60.42M shares	51.79M shares	46.85M shares	46.62M shares
Diluted Shares Outstanding	92.90M	91.60M	92.66M	93.06M	73.52M	69.82M	69.48M	69.68M	70.05M	68.91M	60.58M shares	51.94M shares	47.02M shares	46.83M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.9432 Billion

About PROSPERITY BANCSHARES INC

Prosperity Bancshares, Inc. is a holding company, which engages in the provision of financial products and solutions. The company is headquartered in Houston, Texas and currently employs 3,850 full-time employees. The firm's traditional deposit products include certificates of deposit, interest-checking accounts, money market accounts and savings accounts. The company also offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management. The company operates around 288 full-service banking locations: 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 62 in the Dallas/Fort Worth area; 22 in the East Texas area; 31 in the Central Texas area including Austin and San Antonio; 49 in the West Texas area including Lubbock, Midland-Odessa, Abilene, Amarillo and Wichita Falls; 15 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area.

Industry: State Commercial Banks Peers: BOK FINANCIAL CORP COMMERCE BANCSHARES INC /MO/ FIRST FINANCIAL BANKSHARES INC SouthState Corp PINNACLE FINANCIAL PARTNERS INC PNC FINANCIAL SERVICES GROUP, INC. VALLEY NATIONAL BANCORP ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ WESTERN ALLIANCE BANCORPORATION WEBSTER FINANCIAL CORP