Prosperity Bancshares Inc

NYSE PB

Data sourced from

and

Download Data

Prosperity Bancshares Inc Accounts Payable Turnover Ratio 5 year CAGR for the quarter ending March 31, 2024: -32.77%

Prosperity Bancshares Inc Accounts Payable Turnover Ratio 5 year CAGR is -32.77% for the quarter ending March 31, 2024, a -191.63% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Prosperity Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 32.52, a -86.74% change year over year.
Prosperity Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 245.26, a 107.98% change year over year.
Prosperity Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 117.92, a 268.81% change year over year.
Prosperity Bancshares Inc Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 31.97, a -20.81% change year over year.

NYSE: PB

Prosperity Bancshares Inc

CEO	Mr. David E. Zalman
IPO Date	Nov. 12, 1998
Location	United States
Headquarters	Prosperity Bank Plaza, Houston, TX, United States, 77027
Employees	3,901
Sector	Financial Services
Industry	Banks - regional

Description

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was incorporated in 1983 and is headquartered in Houston, Texas.

Key trends