Prosperity Bancshares: Q4 Earnings Snapshot

HOUSTON (AP) _ Prosperity Bancshares Inc. (PB) on Wednesday reported fourth-quarter earnings of $137.9 million.

The Houston-based bank said it had earnings of $1.51 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The financial holding company posted revenue of $346.3 million in the period. Its revenue net of interest expense was $293.9 million, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $296.5 million.

For the year, the company reported profit of $524.5 million, or $5.73 per share. Revenue was reported as $1.15 billion.


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