PROSPERITY BANCSHARES, INC.® REPORTS FIRST QUARTER 2026 EARNINGS

Prosperity Bancshares reported Q1 2026 GAAP net income of $116.3 million ($1.16 EPS), negatively impacted by $42.5 million in merger-related expenses. On an adjusted basis, excluding these charges, net income was $149.9 million ($1.50 EPS), driven by the completed acquisitions of American Bank Holding Corporation and Southwest Bancshares, Inc. The bank experienced significant balance sheet expansion with loans increasing $3.354 billion and deposits rising $4.150 billion, primarily due to the mergers. Net interest margin improved 21 basis points sequentially to 3.51%, and the company repurchased approximately 837,000 shares for $57.1 million during the quarter.

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