We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Prosperity Bancshares (PB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended December 2024, Prosperity Bancshares (PB - Free Report) reported revenue of $307.61 million, up 12.5% over the same period last year. EPS came in at $1.37, compared to $1.19 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $302.8 million, representing a surprise of +1.59%. The company delivered an EPS surprise of +3.01%, with the consensus EPS estimate being $1.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Prosperity Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin (Tax Equivalent Basis): 3.1% versus 3.1% estimated by six analysts on average.
Efficiency Ratio: 46.1% compared to the 46.7% average estimate based on six analysts.
Net charge-offs to average loans: 0.1% versus the five-analyst average estimate of 0.1%.
Average balance - Total interest-earning assets: $35.08 billion versus $34.67 billion estimated by five analysts on average.
Total nonperforming assets: $81.54 million versus $89.39 million estimated by three analysts on average.
Total nonperforming loans: $75.84 million versus $83.52 million estimated by three analysts on average.
Tier 1 Leverage Capital Ratio: 10.8% compared to the 10.9% average estimate based on two analysts.
Tier 1 Risk-based Capital Ratio: 16.4% versus 15.8% estimated by two analysts on average.
Total Risk-based Capital Ratio: 17.7% versus 17.2% estimated by two analysts on average.
Total Noninterest Income: $39.84 million compared to the $37.20 million average estimate based on six analysts.
Net Interest Income: $267.77 million versus the five-analyst average estimate of $265.02 million.
Net Interest Income (Tax Equivalent Basis): $268.54 million compared to the $267.12 million average estimate based on four analysts.
Shares of Prosperity Bancshares have returned +6.2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Prosperity Bancshares (PB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2024, Prosperity Bancshares (PB - Free Report) reported revenue of $307.61 million, up 12.5% over the same period last year. EPS came in at $1.37, compared to $1.19 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $302.8 million, representing a surprise of +1.59%. The company delivered an EPS surprise of +3.01%, with the consensus EPS estimate being $1.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Prosperity Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin (Tax Equivalent Basis): 3.1% versus 3.1% estimated by six analysts on average.
- Efficiency Ratio: 46.1% compared to the 46.7% average estimate based on six analysts.
- Net charge-offs to average loans: 0.1% versus the five-analyst average estimate of 0.1%.
- Average balance - Total interest-earning assets: $35.08 billion versus $34.67 billion estimated by five analysts on average.
- Total nonperforming assets: $81.54 million versus $89.39 million estimated by three analysts on average.
- Total nonperforming loans: $75.84 million versus $83.52 million estimated by three analysts on average.
- Tier 1 Leverage Capital Ratio: 10.8% compared to the 10.9% average estimate based on two analysts.
- Tier 1 Risk-based Capital Ratio: 16.4% versus 15.8% estimated by two analysts on average.
- Total Risk-based Capital Ratio: 17.7% versus 17.2% estimated by two analysts on average.
- Total Noninterest Income: $39.84 million compared to the $37.20 million average estimate based on six analysts.
- Net Interest Income: $267.77 million versus the five-analyst average estimate of $265.02 million.
- Net Interest Income (Tax Equivalent Basis): $268.54 million compared to the $267.12 million average estimate based on four analysts.
View all Key Company Metrics for Prosperity Bancshares here>>>Shares of Prosperity Bancshares have returned +6.2% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.