PROSPERITY BANCSHARES INC

Listed Company

PBCIK 0001068851NYSELarge AcceleratedState Commercial BanksTexasFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$542.84M

Total Assets

$38.46B

Equity

$7.62B

Shares Out

101.58M

Op. Cash Flow

$549.51M

+ 13F Filer

Business

PROSPERITY BANCSHARES INC operates as a financial holding company that derives substantially all of its revenues from its bank subsidiary, Prosperity Bank, and provides commercial banking services. The company offers a wide array of financial products and services including deposit accounts, consumer and commercial loans, mortgage warehouse lending, trust and wealth management, retail brokerage, debit and credit cards, and digital banking solutions. Its banking operations are aggregated in one reportable operating segment and include a trust department and specialty commercial lending groups. The company serves communities across Texas and Oklahoma through a network of full-service banking centers and digital channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans, including fees	1,295	1,313	1,149	831	870
Securities	231	247	283	260	175
Federal funds sold and other earning assets	44	64	12	3	2
Total interest income	1,570	1,624	1,445	1,095	1,047
Deposits	380	409	272	68	53
Other borrowings	104	182	206	19	0
Securities sold under repurchase agreements	5	7	9	3	702,000
Subordinated notes	—	0	38,000	—	—
Total interest expense	489	597	488	90	—
NET INTEREST INCOME	1,081	1,026	956	1,005	993
PROVISION FOR CREDIT LOSSES	0	9	19	0	—
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	1,081	1,017	938	1,005	993
Nonsufficient funds (NSF) fees	38	35	34	34	30
Credit card, debit card and ATM card income	37	37	36	35	35
Service charges on deposit accounts	30	26	25	25	24
Trust income	15	15	13	12	10
Mortgage income	4	3	2	1	8
Brokerage income	5	5	4	4	3
Net gain on sale or write down of assets	1	3	2	4	1
Net gain on sale or write-up of securities	—	11	—	—	—
Other	38	30	37	30	28
Total noninterest income	168	166	153	145	140
Salaries and employee benefits	353	352	328	315	311
Net occupancy and equipment	37	36	36	32	32
Credit and debit card, data processing and software amortization	49	47	42	37	35
Regulatory assessments and FDIC insurance	18	27	40	11	11
Core deposit intangibles amortization	14	16	13	10	12
Depreciation	20	19	18	18	18
Communications	14	14	14	13	12
Net other real estate expense (income)	653,000	−291,000	−834,000	−122,000	−2
Merger related expenses	330,000	4	15	272,000	0
Other	50	55	51	47	46
Total noninterest expense	556	571	557	484	474
INCOME BEFORE INCOME TAXES	694	613	534	666	660
PROVISION FOR INCOME TAXES	151	133	115	142	140
NET INCOME	543	479	419	525	519
Basic	5.72	5.05	4.51	5.73	5.6
Diluted	5.72	5.05	4.51	5.73	5.05

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	1,748	1,972	458	424	2,548
Federal funds sold	217,000	292,000	260,000	301,000	241,000
Total cash and cash equivalents	1,748	1,972	458	424	2,548
Available for sale securities, at fair value	338	337	439	457	515
Held to maturity securities, at cost (fair value of $9,433,365 and $9,382,479 respectively)	10,275	10,757	12,365	14,020	12,304
Total securities	10,613	11,094	12,804	14,476	12,819
Loans held for sale	14	11	6	554,000	7
Loans held for investment	20,486	21,058	20,353	—	—
Loans held for investment - Warehouse Purchase Program	1,305	1,081	822	741	1,776
Total loans	21,805	22,149	21,181	18,840	18,616
Less: allowance for credit losses on loans	−334	−352	−332	−282	−286
Loans, net	21,472	21,797	20,848	—	—
Accrued interest receivable	99	104	96	88	66
Goodwill	3,503	3,503	3,396	3,232	3,232
Core deposit intangibles, net	52	66	64	51	62
Bank premises and equipment, net	383	371	370	339	320
Other real estate owned	13	6	2	2	622,000
Bank owned life insurance (BOLI)	393	386	379	327	327
Federal Home Loan Bank of Dallas stock	87	138	9	90	9
Other assets	100	128	121	101	122
TOTAL ASSETS	38,463	39,567	38,548	37,690	37,834
Noninterest-bearing	9,468	9,798	9,777	10,915	10,750
Interest-bearing	19,015	18,583	17,403	17,618	20,022
Total deposits	28,482	28,381	27,180	28,534	30,772
Other borrowings	1,950	3,200	3,725	1,850	—
Securities sold under repurchase agreements	201	222	309	428	448
Accrued interest payable	31	42	35	4	1
Allowance for credit losses on off-balance sheet credit exposures	38	38	37	30	30
Other liabilities	145	245	183	144	156
Total liabilities	30,847	32,128	31,469	30,990	31,407
COMMITMENTS AND CONTINGENCIES	—	—	—	—	—
Preferred stock, $1 par value; 20,000,000 shares authorized; none issued or outstanding	—	—	—	—	—
Common stock, $1 par value; 200,000,000 shares authorized; 93,058,171 shares issued and outstanding at December 31, 2025; 95,275,279 shares issued and outstanding at December 31, 2024	93	95	94	91	92
Capital surplus	3,654	3,797	3,704	3,542	3,595
Retained earnings	3,870	3,548	3,283	3,070	2,738
Accumulated other comprehensive loss - net unrealized gain on available for sale securities, net of tax benefit of $(79) and $(432), respectively	−296,000	−2	−1	−3	2
Total shareholders equity	7,616	7,438	7,079	6,699	6,427
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	38,463	39,567	38,548	37,690	37,834

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	543	479	419	525	519
Depreciation and core deposit intangibles amortization	34	35	31	28	30
Deferred income tax (benefit) expense	−4	3	7	6	23
Net amortization of premium on investments	17	23	28	43	58
Net gain on sale or write-up of securities	—	−11	—	—	—
Gain on sale or write down of premises, equipment, other assets and other real estate	−1	−4	−3	−5	−4
Net amortization of premium on deposits	−13,000	−154,000	−600,000	−311,000	−1
Net accretion of discount on loans	−12	−17	−8	−7	−39
Proceeds from sale of loans held for sale	153	137	111	57	250
Originations of loans held for sale	−158	−142	−117	−51	−213
Stock based compensation expense	12	13	12	12	13
Decrease (increase) in accrued interest receivable and other assets	82	−107	101	−85	61
Increase (decrease) in accrued interest payable and other liabilities	−117	55	47	−16	−2
Net cash provided by operating activities	550	473	646	507	695
Proceeds from maturities, sales and principal paydowns of held to maturity securities	1,521	1,787	1,705	—	—
Purchase of held to maturity securities	−1,061	−211	−25	−3,922	−7,315
Proceeds from maturities, sales and principal paydowns of available for sale securities	24,549	23,215	15,729	17,333	16,438
Purchase of available for sale securities	−24,544	−23,053	−15,526	−17,281	−16,300
Originations of Warehouse Purchase Program loans	−16,328	−15,037	−13,022	−19,073	−36,020
Proceeds from pay-offs of Warehouse Purchase Program loans	16,105	14,778	12,941	20,108	37,086
Net decrease (increase) in loans held for investment	548	339	−677	−1,265	530
Purchase of bank premises and equipment	−33	−21	−34	−42	−19
Proceeds from sale of bank premises, equipment and other real estate	14	13	15	10	24
Proceeds from insurance claims	3	2	14	6	7
Net cash provided by investing activities	774	1,982	1,094	−1,964	−2,725
Net decrease in noninterest-bearing deposits	−331	−384	−1,831	165	1,599
Net increase (decrease) in interest-bearing deposits	432	345	−1,100	−2,403	1,814
Net (repayments of) proceeds from other short-term borrowings	−1,250	−525	1,675	1,850	—
Net decrease in securities sold under repurchase agreements	−21	−87	−169	−20	59
Redemption of subordinated notes	—	—	−3	—	—
Repurchase of common stock	−157	−75	−72	−66	−52
Payments of cash dividends	−221	−214	−206	−193	−184
Net cash used in financing activities	−1,548	−940	−1,706	−667	3,235
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	−225	1,514	34	−2,124	1,204
Acquisition of real estate through foreclosure of collateral	19	9	11	2	7
U.S. federal income taxes, net of refunds received	232	27	116	—	—
State income taxes, net of refunds received	4	2	3	—	—
Interest paid	500	590	459	86	56

Filings

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Holdings (13F)

Portfolio as of 2025-12-31 · 396 positions

Reported AUM

$110.64M

Holdings

396

Top sector

$110.64M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$110.64M	100.0%

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