Prosperity Bancshares Inc

NYSE PB

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Prosperity Bancshares Inc Pre-Tax Margin for the quarter ending March 31, 2024: -3.98%

Prosperity Bancshares Inc Pre-Tax Margin is -3.98% for the quarter ending March 31, 2024, a -104.47% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.

Prosperity Bancshares Inc Pre-Tax Margin for the quarter ending March 31, 2023 was 89.12%, a 44.87% change year over year.
Prosperity Bancshares Inc Pre-Tax Margin for the quarter ending March 31, 2022 was 61.52%, a -7.49% change year over year.
Prosperity Bancshares Inc Pre-Tax Margin for the quarter ending March 31, 2021 was 66.50%, a -9.84% change year over year.
Prosperity Bancshares Inc Pre-Tax Margin for the quarter ending March 31, 2020 was 73.76%, a -2.38% 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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