PROSPERITY BANCSHARES INC PB Income Statement

Prosperity bancshares inc (PB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
INTEREST INCOME:
Loans, including fees
247,243	222,910	134,943	133,525	130,065	130,627	128,645	128,445	116,246	120,086	121,567	114,975	111,710	115,993	116,247	118,297	124,522	114,234	116,911	119,404	124,878	139,396	140,521	138,655	107,144	110,575	94,236	89,842	81,464	82,727	80,587	54,793	53,217	53,899	54,471	53,703	52,200	52,722	52,855	52,681	51,453	54,809	55,248
Securities
48,282	49,348	50,872	53,944	55,648	56,170	55,705	55,577	54,457	51,510	50,610	52,912	53,157	48,573	48,132	51,097	52,573	48,301	48,610	48,530	48,562	47,108	46,910	47,670	47,056	45,100	41,961	39,384	36,548	34,956	37,025	38,072	38,321	35,743	38,714	41,919	41,204	39,708	43,382	46,603	45,014	46,812	47,450
Federal funds sold and other earning assets
713	600	363	318	402	397	326	299	315	243	242	160	183	103	81	65	96	37	22	47	165	74	35	178	48	76	16	76	19	36	21	9	78	16	4	30	5	6	10	74	29	74	70
Total interest income
296,238	272,858	186,178	187,787	186,115	187,194	184,676	184,321	171,018	171,839	172,419	168,047	165,050	164,669	164,460	169,459	177,191	162,572	165,543	167,981	173,605	186,578	187,466	186,503	154,248	155,751	136,213	129,302	118,031	117,719	117,633	92,874	91,616	89,658	93,189	95,652	93,409	92,436	96,247	99,358	96,496	101,695	102,768
INTEREST EXPENSE:
Deposits
35,018	32,759	26,939	26,562	25,128	21,643	19,208	16,061	14,472	12,587	12,376	11,441	9,908	9,478	9,396	10,045	10,206	8,575	8,753	9,169	9,577	7,326	10,240	10,918	9,387	9,048	8,314	9,170	8,690	8,217	9,395	8,083	8,791	8,682	9,717	11,064	11,512	11,749	14,702	17,573	17,485	22,694	25,621
Other borrowings
2,932	6,115	4,335	5,556	5,317	7,639	7,583	6,046	2,973	2,852	3,540	4,040	2,476	1,121	752	710	482	541	473	365	129	200	225	189	158	53	610	472	362	9	379	648	316	-	-200	-	-	-	259	-	-	389	387
Securities sold under repurchase agreements
757	879	914	831	759	664	566	411	350	350	356	335	231	238	248	234	212	198	209	208	203	202	245	254	237	158	439	312	292	-	315	59	-	-	127	110	-	-	162	175	-	320	280
Subordinated notes
1,500	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	34	0	0	0	791	1,099	1,099	1,087	775	1,023	317	606	605	861	651	418	663	632	607	598	1,147	803	857	799	791	879	959
Note payable and federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	337	-	-	211	448	-	-
Total interest expense
40,207	40,828	32,188	32,949	31,204	29,946	27,357	22,518	17,795	15,789	16,272	15,816	12,615	10,837	10,396	10,992	10,934	9,314	9,435	9,742	10,700	8,827	11,809	12,448	10,557	10,282	9,680	10,560	9,949	9,418	10,740	9,208	9,770	9,571	10,651	12,022	12,996	12,927	15,980	18,758	18,724	24,282	27,247
NET INTEREST INCOME
256,031	232,030	153,990	154,838	154,911	157,248	157,319	161,803	153,223	156,050	156,147	152,231	152,435	153,832	154,064	158,467	166,257	153,258	156,108	158,239	162,905	177,751	175,657	174,055	143,691	145,469	126,533	118,742	108,082	108,301	106,893	83,666	81,846	80,087	82,538	83,630	80,413	79,509	80,267	80,600	77,772	77,413	75,521
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	7,250	6,900
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES
256,031	230,330	152,890	154,038	154,211	156,248	154,969	157,803	144,223	154,050	149,247	149,481	149,760	151,832	152,064	152,467	152,257	152,758	150,798	157,739	161,655	171,401	170,657	167,730	143,091	137,604	122,508	116,192	105,282	104,751	105,093	83,066	81,696	78,937	81,588	82,230	78,713	76,609	77,267	77,325	73,362	70,163	68,621
NONINTEREST INCOME:
Credit card, debit card and ATM card income
7,474	7,728	6,688	6,480	5,971	6,508	6,242	6,335	5,961	6,211	6,075	6,186	5,953	5,902	5,903	5,929	5,827	5,938	5,955	6,003	5,638	5,786	5,921	6,030	5,152	4,662	4,307	7,007	6,487	6,683	6,246	4,292	3,836	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
6,104	5,597	5,020	4,989	4,998	5,090	5,137	5,150	5,275	5,250	5,251	5,405	5,421	4,934	4,698	4,610	4,590	4,289	4,438	4,189	4,179	4,263	4,255	4,325	3,609	3,460	3,169	3,304	2,931	2,877	3,362	2,432	2,441	-27,269	12,662	12,546	12,042	-27,381	13,201	12,680	11,589	13,554	12,863
Trust income
2,662	2,582	2,492	2,558	2,595	2,507	2,692	2,251	2,728	2,734	2,040	2,271	2,155	2,480	1,851	1,762	2,027	1,988	1,986	2,047	2,009	2,165	2,099	2,044	1,800	1,542	901	896	1,017	-	831	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage income
2,010	2,455	839	990	722	627	856	1,109	763	826	854	1,107	1,266	1,690	2,143	1,772	1,471	1,289	1,770	1,513	1,148	1,049	1,414	1,208	593	549	931	1,567	991	1,120	1,437	65	59	-	-	-	-	-	-	-	-	-	-
Nonsufficient funds (NSF) fees
9,443	9,990	8,835	7,973	7,816	8,902	8,606	7,828	7,827	8,110	8,350	7,805	8,089	-	8,764	8,031	-	8,974	9,082	8,310	7,918	-	9,734	9,099	8,870	9,669	8,649	8,346	8,509	9,292	9,265	5,167	5,389	-	-	-	-	-	-	-	-	-	-
Brokerage income
650	625	522	541	673	521	784	687	625	574	461	427	488	782	1,213	1,286	1,290	1,407	1,596	1,541	1,409	1,455	1,743	1,401	1,269	719	233	263	303	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) gain on sale of assets
-385	-1,870	-3	2	58	-	4	-44	-	41	62	-3,783	1,759	475	37	332	1,020	581	173	270	1,379	24	23	1,301	3,310	40	126	-180	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) gain on sale of securities
-	-	0	0	-	-	0	-13	-	-	0	3,270	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
6,430	8,399	6,280	6,425	5,311	5,639	6,303	5,068	4,759	5,474	5,716	5,092	5,693	4,660	5,075	4,751	6,379	5,817	6,780	6,424	4,741	5,293	5,002	7,189	4,061	4,517	3,238	4,071	3,202	2,802	2,687	1,700	2,220	1,315	1,919	984	1,825	1,125	453	616	1,389	1,682	2,270
Total noninterest income
34,388	35,506	30,673	29,958	28,144	29,079	30,624	28,371	27,938	29,220	28,809	27,780	30,824	29,475	29,684	28,473	30,793	30,283	31,780	30,297	28,421	29,380	30,191	32,597	28,664	25,158	21,554	25,274	23,441	24,106	23,828	13,656	13,945	14,065	14,581	13,530	13,867	13,905	13,654	13,296	12,978	15,236	15,133
NONINTEREST EXPENSE:
Salaries and employee benefits
77,282	69,356	52,978	52,941	51,073	51,852	51,906	53,360	50,399	48,756	47,866	47,343	48,444	51,231	48,328	48,224	50,114	48,500	46,587	47,819	49,966	49,557	52,179	54,126	43,408	40,633	37,135	37,517	33,209	31,980	36,701	23,572	23,252	21,258	23,601	23,994	23,204	21,421	22,016	22,431	21,112	21,507	20,494
Net occupancy and equipment
8,980	7,420	5,607	5,492	5,466	5,651	5,808	5,692	5,609	5,748	5,691	5,460	5,503	5,696	5,997	5,741	5,624	5,774	6,088	5,812	5,964	6,620	6,801	5,996	5,339	4,893	5,094	4,669	4,278	4,812	4,614	3,492	3,557	3,655	3,784	3,547	3,648	3,975	4,036	3,708	3,434	3,624	3,514
Credit and debit card, data processing and software amortization
11,421	9,158	4,989	4,904	4,573	4,474	4,512	4,356	4,448	4,423	4,506	4,216	4,085	4,249	4,207	4,164	4,430	3,996	3,924	4,045	3,817	4,553	4,044	4,009	3,184	3,333	2,756	3,249	2,570	3,106	2,901	1,906	1,532	1,417	1,954	1,780	1,672	1,515	1,550	1,742	1,415	1,446	1,562
Regulatory assessments and FDIC insurance
2,078	2,095	1,814	2,325	2,374	2,764	3,347	3,575	3,575	3,759	3,455	3,548	3,549	2,424	3,434	3,447	3,430	2,460	3,366	4,253	4,354	4,354	4,051	3,886	2,726	2,771	2,516	2,579	2,395	2,365	2,107	1,659	1,548	-	-	-	-	-	-	-	-	-	-
Core deposit intangibles amortization
3,400	2,737	1,200	1,300	1,300	1,391	1,500	1,500	1,568	1,622	1,686	1,719	1,915	2,226	2,418	2,334	2,222	2,295	2,356	2,390	2,489	2,667	2,598	2,630	2,045	1,594	1,455	1,341	1,755	1,932	2,007	1,595	1,695	1,879	1,924	1,943	2,034	2,172	2,274	2,280	2,290	2,479	2,492
Depreciation
4,768	4,212	3,286	3,111	3,104	3,139	3,139	3,054	3,033	3,011	3,050	3,051	3,103	3,170	3,289	3,286	3,349	3,310	3,313	3,420	2,916	3,491	3,516	3,522	3,201	3,072	2,679	2,464	2,378	2,491	2,369	2,028	2,035	2,051	2,041	2,037	2,021	1,999	2,161	2,147	2,006	2,100	2,069
Communications
3,195	3,012	2,214	2,183	2,270	2,404	2,442	2,606	2,580	2,608	2,618	2,664	2,702	2,771	2,870	2,981	2,939	2,814	2,663	2,835	2,809	2,993	2,960	2,919	2,737	2,468	2,397	2,410	2,196	2,382	2,226	1,802	1,748	-	-	-	1,692	-	-	-	2,019	-	-
Merger related expenses
544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate expense
-84	8	-47	66	-94	201	217	93	211	3,159	-30	57	85	378	44	50	42	241	123	129	132	363	72	188	396	176	75	237	223	465	271	383	691	-	-	-	-	-	-	-	-	-	-
Other
13,194	12,083	8,610	8,534	8,486	8,907	8,911	9,365	8,631	8,002	8,667	8,384	8,676	7,003	8,889	9,008	8,378	8,519	8,010	9,032	7,015	9,438	9,319	10,016	8,058	9,652	7,430	6,834	6,763	7,435	7,046	4,351	4,401	-7,531	7,847	9,213	7,424	1,125	10,556	10,741	7,449	10,045	14,169
Total noninterest expense
124,741	156,451	80,699	80,821	78,571	80,804	81,760	83,602	80,054	81,088	77,509	76,442	78,062	79,148	79,476	79,235	80,528	77,909	76,430	79,735	79,462	84,036	85,540	87,292	71,094	68,592	61,537	61,300	55,767	56,968	60,242	40,788	40,459	38,385	41,151	42,514	41,695	41,227	42,593	43,049	39,725	41,201	44,300
INCOME BEFORE INCOME TAXES
165,678	109,385	102,864	103,175	103,784	104,523	103,833	102,572	92,107	102,182	100,547	100,819	102,522	102,159	102,272	101,705	102,522	105,132	106,148	108,301	110,614	116,745	115,308	113,035	100,661	94,170	82,525	80,166	72,956	71,889	68,679	55,934	55,182	54,617	55,018	53,246	50,885	49,287	48,328	47,572	46,615	44,198	39,454
PROVISION FOR INCOME TAXES
34,830	23,251	21,106	20,917	21,382	21,192	21,310	20,975	17,746	35,044	32,639	32,265	33,957	33,366	33,621	33,634	33,571	34,657	35,550	36,369	36,973	38,517	38,738	37,529	33,524	31,199	27,247	26,322	23,651	23,623	22,503	18,962	18,695	18,211	18,645	18,154	17,007	16,489	16,162	15,826	15,617	14,876	12,944
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	29,322	26,510
EARNINGS PER SHARE:
Basic
1.39	0.97	1.19	1.18	1.18	1.19	1.18	1.17	1.07	0.96	0.98	0.99	0.99	0.99	0.99	0.98	0.98	1.00	1.01	1.03	1.05	1.13	1.10	1.08	1.01	0.98	0.92	0.89	0.87	0.86	0.83	0.78	0.77	0.78	0.78	0.75	0.72	0.70	0.69	0.68	0.67	0.64	0.57
Diluted
1.39	0.97	1.19	1.18	1.18	1.19	1.18	1.17	1.07	0.96	0.98	0.99	0.99	0.99	0.99	0.98	0.98	1.00	1.01	1.03	1.05	1.13	1.10	1.08	1.01	0.99	0.91	0.89	0.86	0.86	0.82	0.78	0.77	0.77	0.77	0.75	0.72	0.70	0.69	0.68	0.66	0.63	0.57
Cash dividends declared on common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,186	-	-	-	-	-	-
DIVIDENDS PAID PER SHARE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.17	-	0.17	-	-	-	-	-	-