Prosperity Bancshares Inc

NYSE PB

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Prosperity Bancshares Inc Current Liabilities Ratio 2 year CAGR for the quarter ending March 31, 2024: 11,080.13%

Prosperity Bancshares Inc Current Liabilities Ratio 2 year CAGR is 11,080.13% for the quarter ending March 31, 2024, a 212.45% change year over year. The current liabilities ratio measures the proportion of a company's current liabilities in relation to its total assets. It is calculated by dividing current liabilities by total assets. This ratio indicates the percentage of a company's total assets that are financed by current liabilities, such as accounts payable and short-term debt. It helps assess the company's short-term solvency and its ability to meet immediate obligations. 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 Current Liabilities Ratio for the quarter ending March 31, 2023 was 0.09, a 313,574.60% change year over year.
Prosperity Bancshares Inc Current Liabilities Ratio for the quarter ending March 31, 2022 was 0.00, a -57.62% change year over year.
Prosperity Bancshares Inc Current Liabilities Ratio for the quarter ending March 31, 2021 was 0.00, a -99.84% change year over year.
Prosperity Bancshares Inc Current Liabilities Ratio for the quarter ending March 31, 2020 was 0.04, a 38.26% 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.

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