Prosperity Bancshares Inc - Company Profile
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Prosperity Bancshares Inc (Prosperity Bancshares) is the bank holding company of Prosperity Bank that offers personal and commercial banking solutions. Its portfolio of products and services comprises deposit accounts such as savings, checking, certificate of deposits, and individual retirement; lending solutions, that include loans for cars, homes, home equity, aircraft, boat, commercial needs, small business administration; and credit cards. The company also offers other services including trust and merchant services, financial and treasury management, cash management, lockbox services, retail brokerage, and online banking, among others. It has an operational presence in Texas and Oklahoma in the US. Prosperity Bancshares is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
N/A, 4295 San Felipe, Houston, Texas, 77027
Telephone
1 713 6939300
No of Employees
3,850
Industry
Financial Services
Ticker Symbol & Exchange
PB (NYSE)
Revenue (2022)
$1.6B
28.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-20.1%
(2022 vs 2021)
Market Cap*
$5.6B
Net Profit Margin (2022)
XYZ
-38.0%
(2022 vs 2021)
* As of and is in US$
Prosperity Bancshares Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Investment |
| Personal and Business Savings | Merchant |
| Personal and Business Checkings | ATM Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In April, the company merged with Lone Star State Bancshares, Inc. |
| 2023 | Acquisitions/Mergers/Takeovers | In May, the company completed the merger of First Bancshares of Texas, Inc and FirstCapital Bank of Texas, N.A. into the company. |
| 2022 | Contracts/Agreements | In October, the company entered into an agreement to acquire First Bancshares and FirstCapital Bank. |
Competitor Comparison
| Key Parameters | Prosperity Bancshares Inc | Comerica Inc | Western Alliance Bancorp | Cullen/Frost Bankers Inc | Old National Bancorp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Houston | Dallas | Phoenix | San Antonio | Evansville |
| State/Province | Texas | Texas | Arizona | Texas | Indiana |
| No. of Employees | 3,850 | 7,496 | 3,260 | 5,495 | 3,940 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| H.E. Timanus, Jr. | Chairman | Executive Board | 2019 | 78 |
| Kevin J Hanigan | Chief Operating Officer; Director; President | Executive Board | 2019 | 65 |
| David Zalman | Chief Executive Officer - Prosperity Bank; Chief Executive Officer - Prosperity Bancshares Inc; Senior Chairman | Executive Board | 2005 | 66 |
| Asylbek Osmonov | Chief Financial Officer | Senior Management | 2019 | 42 |
| Randy Hester | Chief Lending Officer; Executive Vice President | Senior Management | 2001 | 64 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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