Prosperity Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 24, 2024 at 06:30 am EST
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Prosperity Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 236.98 million compared to USD 256.14 million a year ago. Net income was USD 95.48 million compared to USD 137.88 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.51 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.51 a year ago.
For the full year, net interest income was USD 956.43 million compared to USD 1,005.23 million a year ago. Net income was USD 419.32 million compared to USD 524.52 million a year ago. Basic earnings per share from continuing operations was USD 4.51 compared to USD 5.73 a year ago. Diluted earnings per share from continuing operations was USD 4.51 compared to USD 5.73 a year ago.
Prosperity Bancshares, Inc. is a regional financial holding company providing personal banking services and investments to consumers and businesses throughout Texas and Oklahoma. The Company's traditional deposit products include certificates of deposit, interest-checking accounts, money market accounts and savings accounts. It also offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management. It 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.
PROSPERITY BANCSHARES, INC. 
