Prosperity bancshares inc (PB)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

130,848

86,134

81,758

82,258

82,402

83,331

82,523

81,597

74,361

67,138

67,908

68,554

68,565

68,793

68,651

68,071

68,951

70,475

70,598

71,932

73,641

78,228

76,570

75,506

67,137

62,971

55,278

53,844

49,305

48,266

46,176

36,972

36,487

36,406

36,373

35,092

33,878

32,798

32,166

31,746

30,998

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and core deposit intangibles amortization

8,131

6,917

4,534

4,376

4,423

4,551

4,617

4,555

4,601

4,633

4,736

4,770

5,018

5,396

5,707

5,620

5,571

5,605

5,669

5,810

5,405

6,158

6,114

6,152

5,246

4,666

4,134

3,805

4,133

4,423

4,376

3,623

3,730

3,930

3,965

3,980

4,055

4,171

4,435

4,427

4,296

Provision for credit losses

-

1,700

1,100

800

700

1,000

2,350

4,000

9,000

2,000

6,900

2,750

2,675

2,000

2,000

6,000

14,000

500

5,310

500

1,250

6,350

5,000

6,325

600

7,865

4,025

2,550

2,800

3,550

1,800

600

150

1,150

950

1,400

1,700

2,900

3,000

3,275

4,410

Net amortization of premium on investments

8,005

8,556

8,027

7,607

6,589

7,338

8,073

7,753

8,450

9,521

10,115

9,403

9,883

11,502

11,312

10,407

10,253

13,773

14,845

15,467

14,144

13,033

13,529

12,839

12,279

11,878

15,131

18,984

22,710

23,996

21,423

11,754

9,720

8,989

6,824

5,882

6,980

8,323

7,143

4,391

2,324

Net gain on sale of other real estate and repossessed assets

130

-

-

-

177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss (gain) on sale or write down of premises and equipment

-385

-

-

-

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (gain) loss on sale of assets

-

-

-

-

-

-

-

-

-

-

62

-3,783

1,759

-

37

332

1,020

-

173

270

1,379

-

23

1,301

3,310

-

126

-180

1

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale or write down of premises, equipment and other real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

103

-

647

95

-411

-

-

-

-

-

-

-

-

Net accretion of discount on loans

28,482

23,742

1,283

1,227

1,793

2,903

3,457

5,223

2,326

4,796

7,886

4,471

4,753

7,552

7,620

9,304

14,494

7,839

11,034

13,602

19,647

28,591

28,458

25,351

13,476

19,979

16,421

12,031

14,292

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale or write down of premises, equipment and other real estate

-

-

-

-

-

-

-

-10

-122

-4,899

140

71

10

1,908

3

-347

14

2,351

68

28

-10

2,659

-29

1,404

-60

-

-

-

-

-

-

-

-

-

-95

530

-4

-

1,364

1,689

294

Net amortization of premium on deposits

2,270

-

-

-

-

0

0

53

53

39

40

39

99

232

575

178

182

195

220

220

420

-

-

-

-

-

-

-

-

-

-

-

-

60

-48

-29

50

384

1,443

-236

-237

Gain on sale of loans

1,360

-

716

928

711

-

829

1,056

705

-

827

1,018

1,162

-

1,949

1,620

1,341

-

1,702

1,472

1,093

-

1,372

1,181

543

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans held for sale

96,119

88,934

37,904

55,094

39,556

33,978

45,341

59,704

40,916

39,171

40,692

51,916

59,037

67,736

76,797

69,880

58,460

48,216

78,292

61,700

45,327

41,527

58,319

58,051

24,241

21,821

46,371

58,461

42,131

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

79,377

92,255

37,253

50,083

33,876

39,363

44,770

51,864

43,373

49,241

39,923

55,470

52,904

70,164

74,818

76,374

56,903

63,852

78,672

60,088

46,254

44,701

57,063

61,720

25,046

22,357

44,223

56,361

40,131

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation expense

3,340

2,963

2,494

2,345

2,804

2,582

2,746

2,553

2,607

1,847

1,691

1,742

1,662

2,310

2,071

2,514

2,652

2,555

2,850

2,927

2,763

2,303

2,224

2,538

1,171

1,036

1,033

908

1,198

389

1,057

946

1,215

972

961

936

707

826

728

692

791

Decrease in accrued interest receivable and other assets

-41,497

-70,286

-28,858

22,032

-7,034

-21,227

3,484

25,148

7,406

-15,291

-3,897

-23,113

17,703

47,481

-6,931

6,741

-62,906

-

-

15,844

-30,543

-20,896

4,376

15,574

-8,840

265

1,349

-9,623

-16,784

18,472

-12,785

7,782

24,626

-40,319

25,250

1,297

-7,195

7,191

-3,850

2,807

-5,474

Increase in accrued interest payable and other liabilities

33,225

-70,242

17,398

-5,230

26,672

-28,076

-24,769

3,460

-8,666

-57,676

51,448

-38,251

75,998

-73,731

36,927

-2,342

12,159

-32,916

13,043

13,094

12,276

-75,313

15,195

26,896

35,480

-31,087

16,937

-22,310

28,036

-42,372

29,212

-10,548

23,846

-20,624

9,317

-9,298

19,295

-13,884

5,642

-14,271

13,998

Net cash provided by operating activities

209,931

53,816

142,709

72,924

133,565

93,938

68,335

80,345

77,528

44,327

138,509

63,441

144,448

-17,985

125,394

65,948

160,998

31,691

82,651

79,906

116,566

68,231

85,575

81,776

112,679

58,974

80,853

55,052

112,778

9,117

115,716

34,870

50,111

35,493

71,726

36,894

73,756

29,011

57,830

28,507

62,348

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities, sales and principal paydowns of held to maturity securities

500,666

488,037

491,556

445,894

391,109

386,437

478,663

422,811

440,176

395,441

446,452

496,388

424,808

506,546

526,617

468,857

414,681

392,683

442,924

426,308

392,556

-2,156,825

1,980,741

1,226,954

314,135

310,209

434,567

790,386

589,924

558,203

505,706

378,649

354,183

425,330

284,916

256,538

334,446

399,891

323,468

278,260

245,201

Purchase of held to maturity securities

206,563

109,085

51,250

40,896

130,760

307,162

381,487

443,591

497,004

682,035

303,903

186,855

574,333

1,164,481

260,637

262,276

132,952

385,929

302,838

568,880

954,084

-1,934,098

2,005,503

1,469,264

677,436

456,836

222,784

863,086

1,159,815

1,159,484

954,248

169,882

1,375,431

696,744

103,477

124,131

554,369

594,263

26,217

630,486

689,171

Proceeds from maturities, sales and principal paydowns of available for sale securities

4,011,040

11,285

2,006,723

4,008,655

3,004,707

8,959

10,782

6,502,766

1,610,394

13,700

17,773

6,010,338

1,211,622

10,371

809,150

4,807,459

2,506,849

3,332,152

2,811,520

1,217,881

613,222

3,909,808

1,815,607

1,061,174

263,643

1,511,693

518,489

1,089,777

403,912

20,646

746,763

934,100

22,813

180,466

323,502

721,250

30,497

36,710

39,654

555,811

536,284

Purchase of available for sale securities

4,042,771

-1

1,999,885

4,234,839

2,999,821

0

0

6,399,732

1,599,954

-1

0

6,053,408

1,199,985

102,141

799,998

4,851,086

2,499,989

3,324,995

2,799,999

1,210,000

600,000

3,899,999

1,799,998

1,050,000

250,000

1,499,999

500,000

1,070,000

384,999

-

-

-

-

-

-

-

-

0

0

499,999

499,999

Originations of WPP loans

6,196,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from pay-offs of WPP

6,035,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease (increase) in loans held for investment

-23,161

-234,135

85,797

176,701

49,963

73,797

144,031

139,455

-5,331

102,663

43,316

119,841

121,679

71,428

-108,184

-14,904

-12,730

215,040

83,743

-64,338

-97,616

-144,739

34,304

-75,460

-34,057

423

-2,640

97,305

-47,199

19,858

-16,681

59,786

85,120

34,659

73,784

95,368

94,435

81,900

-54

-11,408

-41,278

Purchase of bank premises and equipment

6,329

2,335

4,515

8,105

3,633

4,624

4,211

3,202

3,078

4,586

3,153

2,367

1,123

1,074

572

1,583

1,778

1,398

2,559

2,667

2,733

3,211

2,155

4,231

2,478

3,070

7,311

12,038

1,588

4,517

1,378

4,282

2,264

1,859

2,093

3,240

2,288

1,613

743

5,213

6,297

Proceeds from sale of bank premises, equipment and other real estate

2,180

785

2,026

1,158

1,347

687

9,715

2,013

634

1,251

1,883

2,595

4,401

6,411

296

5,078

1,832

3,089

3,530

1,220

5,198

6,526

1,365

15,833

5,041

1,127

2,565

7,242

1,425

4,851

4,620

2,567

4,817

3,503

1,830

3,241

5,628

7,169

7,032

11,346

9,806

Proceeds from insurance claims

-

3,278

1,004

501

2,132

545

762

673

1,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash and cash equivalents acquired in connection with the acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

344,722

Premium paid for First Bank branches

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,136

Net cash provided by investing activities

120,384

689,341

359,862

-4,333

215,118

11,045

-29,807

-57,717

-42,473

-378,891

115,736

146,850

-256,289

-815,796

383,040

181,353

292,410

-199,438

68,835

-71,800

-448,225

-58,424

-44,247

343,525

-313,038

-

-

133,771

-500,471

-

241,166

183,404

-1,036,452

-273,963

130,894

58,290

-280,521

-234,006

343,248

74,022

-31,312

CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in noninterest-bearing deposits

-302,571

243,979

92,766

17,529

7,592

-34,127

42,653

-50,405

84,672

157,848

68,181

98,029

108,291

219,267

142,696

-96,306

-333,615

43,404

52,547

2,192

102,016

-32,447

47,469

128,248

33,207

134,141

85,275

-9,120

-32,934

143,637

111,189

-13,327

95,498

110,319

73,151

58,329

57,237

50,112

46,351

-29,985

-14,412

Net decrease in interest-bearing deposits

-68,534

592,809

-50,475

-327,670

-66,380

556,921

-287,493

-303,817

-573,200

756,175

-231,195

-63,032

-379,922

166,449

-440,651

-557,137

36,517

697,973

-114,054

-561,660

-233,402

711,479

-314,497

-573,173

135,579

449,130

-138,126

-313,374

-7,851

379,000

-46,817

-169,658

318,341

151,257

57,956

-206,938

304,390

-86,276

-368,818

-246,887

-21,082

Net proceeds from (repayments of) other short-term borrowings

35,000

-1,375,000

-340,000

260,000

-350,000

-470,000

250,000

435,000

315,000

-455,000

-75,000

-235,000

280,000

435,000

-50,000

420,000

-305,000

-295,000

-100,000

555,000

325,000

-

90,000

160,000

30,000

-594,583

-175,000

244,583

280,000

145,000

-325,000

-90,000

515,000

0

-235,000

21,000

-146,000

-

-

-

-

Repayments of other long-term borrowings

301

747

79

78

174

81

3,642

230

144

142

141

138

137

135

133

176

174

172

170

173

1,810

1,248

238

241

238

262

264

40,264

567

265

260

258

254

793

257

252

341

253

249

944

10,261

Net decrease in securities sold under repurchase agreements

-32,599

8,220

-2,421

59,252

-30,147

-12,406

4,087

-46,537

15,422

-10,467

-11,703

10,449

15,445

1,981

-1,552

15,797

-11,049

5,215

-24,151

15,771

2,895

-42,530

-30,289

39,268

-15,283

-71,012

-49,201

10,929

15,739

43,216

-30,149

64,262

3,598

-11,283

-25,122

39,441

-8,812

-35,757

3,356

20,812

-4,155

Redemption of junior subordinated debentures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

167,531

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,210

-

-

-

-

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

0

0

0

148

111

469

198

0

-

-

-

-

370

920

576

1,839

2,340

1,234

1,135

670

882

225

615

1,851

0

154

1,664

2,357

476

527

807

886

Repurchase of common stock

110,061

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,875

47,182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of cash dividends

43,223

43,577

28,043

28,643

28,637

28,633

25,142

25,143

25,135

25,013

23,626

23,626

23,623

23,624

20,842

20,871

20,889

21,004

19,086

19,086

19,082

19,013

16,740

16,738

15,893

15,830

12,977

12,976

12,256

12,133

10,930

9,257

9,223

9,143

8,207

8,206

8,186

8,170

7,232

7,225

7,218

Net cash used in financing activities

-522,289

-589,929

-384,315

-58,031

-467,746

11,674

-19,537

8,868

-183,385

423,401

-273,484

-213,318

202

929,049

-500,013

-249,587

-681,392

430,483

-204,758

-7,889

8,086

336,611

-223,375

-262,060

169,211

-96,076

-289,059

-119,087

242,801

699,337

-301,742

-217,623

924,811

240,357

-137,325

-94,962

193,435

223,132

-409,065

-123,422

-56,242

NET DECREASE IN CASH AND CASH EQUIVALENTS

-191,974

153,228

118,256

10,560

-119,063

116,657

18,991

31,496

-148,330

88,837

-19,239

-3,027

-111,639

95,268

8,421

-2,286

-227,984

262,736

-53,272

217

-323,573

346,418

-182,047

163,241

-31,148

110,282

19,960

69,736

-144,892

118,601

55,140

651

-61,530

1,887

65,295

222

-13,330

18,137

-7,987

-20,893

-25,206

NONCASH ACTIVITIES:
Acquisition of real estate through foreclosure of collateral

112

2,205

58

570

1,370

1,453

0

106

47

161

112

1,051

320

233

728

902

12,953

512

913

400

766

1,014

1,499

1,691

2,710

75

311

1,386

1,347

695

2,043

5,752

3,559

4,637

1,466

2,013

5,935

11,211

13,662

1,911

17,967

SUPPLEMENTAL INFORMATION:
Income taxes paid

-

-

-

-

-

19,400

20,350

32,380

62,230

-

-

-

-

39,143

34,443

43,432

5,400

29,842

30,694

40,580

2,000

27,857

27,152

45,843

5,000

-

-

-

-

22,006

17,000

36,487

250

18,886

16,980

32,458

2,000

15,500

14,427

31,300

3,250

Interest paid

40,062

44,252

31,921

32,203

30,980

29,499

27,151

21,962

17,748

15,965

15,984

15,211

12,706

12,014

9,125

10,931

10,666

9,208

13,552

9,852

11,665

8,490

10,566

13,459

10,694

10,014

9,602

10,037

10,034

9,600

10,783

9,650

10,001

9,835

10,781

12,343

13,492

14,059

17,364

19,401

18,894