PROSPERITY BANCSHARES INC (PB) Form 8-K — Oct 28, 2026
Prosperity Bancshares reported Q3 2026 net income of $141.5 million, or $1.18 per diluted share, down from $1.45 a year ago due to $69.7 million in merger-related expenses and a $5.0 million tax settlement. Excluding these items, adjusted net income was $200.8 million, or $1.67 per diluted share, and net interest margin expanded 49 basis points year-over-year to 3.73%. The quarter's growth reflects the July 1, 2026 completion of the Stellar Bancorp merger, the third of three 2026 acquisitions, driving total assets up 41.1% year-over-year to $54.1 billion, loans up 45.5% to $32.1 billion, and deposits up 48.4% to $41.2 billion.
Key figures
- Eps
- 1.18
- Revenue
- 442980000
- Net Income
- 141500000
- Total Debt
- 2400000000
- Total Assets
- 54101075000
- Cash Position
- 2362504000
- Shares Outstanding
- 119713000
- Total loans
- $32.06 billion (+45.5% YoY)
- Total deposits
- $41.23 billion (+48.4% YoY)
- Dividend q4 2026
- $0.64 per share (+6.67%)
- Stellar goodwill
- $898.2 million
- Stellar cash paid
- $578.66 million
- Adjusted net income
- $200.8 million (ex-merger items)
- Net interest margin
- 3.73%
- Adjusted diluted eps
- 1.67
- Shares repurchased 9m
- 1.5 million at avg $68.63 ($102.6 million)
- Shares repurchased q3
- 457 thousand at avg $69.62 ($31.8 million)
- Allowance credit losses
- $629.6 million
- Efficiency ratio ex merger
- 48.03%
- Merger related expenses q3
- $69.7 million
- Nonperforming assets ratio
- 0.41% of avg interest-earning assets
- Noninterest bearing deposits
- $13.8 billion (33.6% of deposits)
AI analysis
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