Prosperity Bancshares (PB) quarterly income statement covering the six quarters from June 2022 to September 2023, as reported to the SEC.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Sep'23 | Jun'23 | Mar'23 | Dec'22 | Sep'22 | Jun'22 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INTEREST INCOME: | |||||||||||||||||||||
Loans, including fees | |||||||||||||||||||||
308,678 | 286,638 | 247,118 | 235,126 | 210,268 | 192,770 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Loans, including fees | 308,678 | 286,638 | 247,118 | 235,126 | 210,268 | 192,770 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Securities | |||||||||||||||||||||
69,987 | 72,053 | 73,185 | 72,533 | 68,761 | 64,111 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Securities | 69,987 | 72,053 | 73,185 | 72,533 | 68,761 | 64,111 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Federal funds sold and other earning assets | |||||||||||||||||||||
1,689 | 1,757 | 7,006 | 933 | 525 | 925 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Federal funds sold and other earning assets | 1,689 | 1,757 | 7,006 | 933 | 525 | 925 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest income | |||||||||||||||||||||
380,354 | 360,448 | 327,309 | 308,592 | 279,554 | 257,806 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest income | 380,354 | 360,448 | 327,309 | 308,592 | 279,554 | 257,806 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
INTEREST EXPENSE: | |||||||||||||||||||||
Deposits | |||||||||||||||||||||
76,069 | 63,964 | 47,343 | 36,048 | 14,669 | 8,641 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deposits | 76,069 | 63,964 | 47,343 | 36,048 | 14,669 | 8,641 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other borrowings | |||||||||||||||||||||
62,190 | 57,351 | 34,396 | - | 3,719 | 450 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other borrowings | 62,190 | 57,351 | 34,396 | - | 3,719 | 450 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Securities sold under repurchase agreements | |||||||||||||||||||||
2,533 | 2,674 | 2,103 | 1,725 | 487 | 244 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Securities sold under repurchase agreements | 2,533 | 2,674 | 2,103 | 1,725 | 487 | 244 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Subordinated debentures | |||||||||||||||||||||
38 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Subordinated debentures | 38 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Note payable and federal funds sold | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Note payable and federal funds sold | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total interest expense | |||||||||||||||||||||
140,830 | 123,989 | 83,842 | 52,455 | 18,875 | 9,335 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total interest expense | 140,830 | 123,989 | 83,842 | 52,455 | 18,875 | 9,335 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
NET INTEREST INCOME | |||||||||||||||||||||
239,524 | 236,459 | 243,467 | 256,137 | 260,679 | 248,471 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
NET INTEREST INCOME | 239,524 | 236,459 | 243,467 | 256,137 | 260,679 | 248,471 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
PROVISION FOR CREDIT LOSSES | |||||||||||||||||||||
- | 18,500 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PROVISION FOR CREDIT LOSSES | - | 18,500 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
PROVISION FOR CREDIT LOSSES | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PROVISION FOR CREDIT LOSSES | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | |||||||||||||||||||||
239,524 | 217,919 | 243,467 | 256,137 | 260,679 | 248,471 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 239,524 | 217,919 | 243,467 | 256,137 | 260,679 | 248,471 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
NONINTEREST INCOME: | |||||||||||||||||||||
Credit card, debit card and ATM card income | |||||||||||||||||||||
9,285 | 9,206 | 8,666 | 8,816 | 8,889 | 8,880 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Credit card, debit card and ATM card income | 9,285 | 9,206 | 8,666 | 8,816 | 8,889 | 8,880 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Service charges on deposit accounts | |||||||||||||||||||||
6,262 | 6,078 | 5,926 | 5,932 | 6,222 | 6,365 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Service charges on deposit accounts | 6,262 | 6,078 | 5,926 | 5,932 | 6,222 | 6,365 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Trust income | |||||||||||||||||||||
3,326 | 3,358 | 3,225 | 3,498 | 3,174 | 2,875 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Trust income | 3,326 | 3,358 | 3,225 | 3,498 | 3,174 | 2,875 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Mortgage income | |||||||||||||||||||||
857 | 661 | 238 | 102 | 340 | 502 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Mortgage income | 857 | 661 | 238 | 102 | 340 | 502 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Nonsufficient funds (NSF) fees | |||||||||||||||||||||
8,719 | 8,512 | 8,095 | 8,519 | 8,887 | 8,484 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Nonsufficient funds (NSF) fees | 8,719 | 8,512 | 8,095 | 8,519 | 8,887 | 8,484 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Brokerage income | |||||||||||||||||||||
1,067 | 1,000 | 1,149 | 905 | 940 | 917 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Brokerage income | 1,067 | 1,000 | 1,149 | 905 | 940 | 917 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net (loss) gain on sale or write-down of assets | |||||||||||||||||||||
-45 | 1,994 | 121 | 2,087 | 50 | 1,108 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net (loss) gain on sale or write-down of assets | -45 | 1,994 | 121 | 2,087 | 50 | 1,108 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net loss on sale of securities | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net loss on sale of securities | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
9,272 | 8,879 | 10,846 | 7,865 | 6,186 | 8,463 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other | 9,272 | 8,879 | 10,846 | 7,865 | 6,186 | 8,463 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total noninterest income | |||||||||||||||||||||
38,743 | 39,688 | 38,266 | 37,724 | 34,688 | 37,594 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total noninterest income | 38,743 | 39,688 | 38,266 | 37,724 | 34,688 | 37,594 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
NONINTEREST EXPENSE: | |||||||||||||||||||||
Salaries and employee benefits | |||||||||||||||||||||
85,423 | 84,723 | 77,798 | 75,353 | 79,578 | 80,371 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Salaries and employee benefits | 85,423 | 84,723 | 77,798 | 75,353 | 79,578 | 80,371 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net occupancy and equipment | |||||||||||||||||||||
9,464 | 8,935 | 8,025 | 8,147 | 8,412 | 8,039 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net occupancy and equipment | 9,464 | 8,935 | 8,025 | 8,147 | 8,412 | 8,039 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Credit and debit card, data processing and software amortization | |||||||||||||||||||||
10,919 | 10,344 | 9,566 | 9,716 | 9,516 | 9,246 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Credit and debit card, data processing and software amortization | 10,919 | 10,344 | 9,566 | 9,716 | 9,516 | 9,246 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Regulatory assessments and FDIC insurance | |||||||||||||||||||||
5,155 | 5,097 | 4,973 | 2,873 | 2,807 | 2,851 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Regulatory assessments and FDIC insurance | 5,155 | 5,097 | 4,973 | 2,873 | 2,807 | 2,851 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Core deposit intangibles amortization | |||||||||||||||||||||
3,600 | 3,200 | 2,400 | 2,536 | 2,600 | 2,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Core deposit intangibles amortization | 3,600 | 3,200 | 2,400 | 2,536 | 2,600 | 2,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Depreciation | |||||||||||||||||||||
4,585 | 4,658 | 4,433 | 4,438 | 4,436 | 4,539 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation | 4,585 | 4,658 | 4,433 | 4,438 | 4,436 | 4,539 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Communications | |||||||||||||||||||||
3,686 | 3,693 | 3,462 | 3,506 | 3,374 | 3,206 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Communications | 3,686 | 3,693 | 3,462 | 3,506 | 3,374 | 3,206 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Merger related expenses | |||||||||||||||||||||
1,104 | 12,891 | 860 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Merger related expenses | 1,104 | 12,891 | 860 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other real estate expense | |||||||||||||||||||||
-581 | -497 | 45 | 91 | -15 | 209 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other real estate expense | -581 | -497 | 45 | 91 | -15 | 209 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
12,326 | 12,859 | 11,464 | 12,290 | 11,529 | 11,836 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other | 12,326 | 12,859 | 11,464 | 12,290 | 11,529 | 11,836 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total noninterest expense | |||||||||||||||||||||
135,657 | 145,870 | 123,000 | 119,244 | 122,214 | 122,878 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total noninterest expense | 135,657 | 145,870 | 123,000 | 119,244 | 122,214 | 122,878 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
INCOME BEFORE INCOME TAXES | |||||||||||||||||||||
142,610 | 111,737 | 158,733 | 174,617 | 173,153 | 163,187 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
INCOME BEFORE INCOME TAXES | 142,610 | 111,737 | 158,733 | 174,617 | 173,153 | 163,187 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
PROVISION FOR INCOME TAXES | |||||||||||||||||||||
30,402 | 24,799 | 34,039 | 36,737 | 37,333 | 34,697 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
PROVISION FOR INCOME TAXES | 30,402 | 24,799 | 34,039 | 36,737 | 37,333 | 34,697 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
NET INCOME | |||||||||||||||||||||
112,208 | 86,938 | 124,694 | 137,880 | 135,820 | 128,490 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
NET INCOME | 112,208 | 86,938 | 124,694 | 137,880 | 135,820 | 128,490 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
EARNINGS PER SHARE: | |||||||||||||||||||||
Basic | |||||||||||||||||||||
1.20 | 0.94 | 1.37 | 1.51 | 1.49 | 1.40 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Basic | 1.20 | 0.94 | 1.37 | 1.51 | 1.49 | 1.40 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Diluted | |||||||||||||||||||||
1.20 | 0.94 | 1.37 | 1.51 | 1.49 | 1.40 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Diluted | 1.20 | 0.94 | 1.37 | 1.51 | 1.49 | 1.40 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash dividends declared on common stock | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash dividends declared on common stock | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
DIVIDENDS PAID PER SHARE | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
DIVIDENDS PAID PER SHARE | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||