Prosperity Bancshares

As of March 31, 2016, Prosperity Bancshares Inc. ®, is a $22 billion Houston, Texas based regional financial holding company, formed in 1983. Operating under a community banking philosophy and seeking to develop broad customer relationships based on service and convenience, Prosperity offers a variety of traditional loan and deposit products to its customers, which consist primarily of small and medium sized businesses and consumers. In addition to established banking products, Prosperity offers a complete line of services including: Internet Banking services, Retail Brokerage Services, Credit Cards, MasterMoney Debit Cards, 24 hour voice response banking, Trust and Wealth Management, Mortgage Services and Mobile Banking. Prosperity currently operates 245 full-service banking locations: 65 in the Houston area, including The Woodlands; 29 in the South Texas area including Corpus Christi and Victoria; 36 in the Dallas/Fort Worth area; 22 in the East Texas area; 29 in the Central Texas area including Austin and San Antonio; 34 in the West Texas area including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area, 6 in the Central Oklahoma area and 8 in the Tulsa, Oklahoma area.
Type
Public
HQ
Houston, US
Founded
1983
Size (employees)
3,035 (est)
Prosperity Bancshares was founded in 1983 and is headquartered in Houston, US

Prosperity Bancshares Office Locations

Prosperity Bancshares has an office in Houston
Houston, US (HQ)
4295 San Felipe St

Prosperity Bancshares Data and Metrics

Prosperity Bancshares Financial Metrics

Prosperity Bancshares's revenue was reported to be $195.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

195.9 m

Gross profit (Q1, 2017)

183.3 m

Gross profit margin (Q1, 2017), %

94%

Net income (Q1, 2017)

68.6 m

EBIT (Q1, 2017)

152.4 m

Market capitalization (21-Jul-2017)

4.5 b

Cash (31-Mar-2017)

325.7 m
Prosperity Bancshares's current market capitalization is $4.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

634.7 m837.7 m669.7 m675.8 m

Revenue growth, %

32%(20%)1%

Cost of goods sold

40.5 m43.6 m39.2 m43.2 m

Gross profit

594.3 m794 m630.5 m632.6 m

Gross profit Margin, %

94%95%94%94%

Sales and marketing expense

197.9 m

Operating expense total

247.2 m330 m313.5 m318.4 m

EBIT

481.6 m652.9 m430.2 m632.6 m

EBIT margin, %

76%78%64%94%

Interest expense

40.5 m43.6 m

Interest income

498.8 m671.2 m630.5 m632.6 m

Pre tax profit

329.8 m445.7 m430.2 m408.7 m

Income tax expense

108.4 m148.3 m143.5 m134.2 m

Net Income

221.4 m297.4 m286.6 m274.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

198.3 m197.3 m208 m197.9 m194.1 m195.9 m

Cost of goods sold

9.7 m9.4 m10.9 m11 m10.4 m12.6 m

Gross profit

188.5 m187.9 m197.1 m186.9 m183.7 m183.3 m

Gross profit Margin, %

95%95%95%94%95%94%

Sales and marketing expense

47.8 m46.6 m50.1 m48.2 m48.3 m48.4 m

Operating expense total

47.8 m46.6 m50.1 m48.2 m48.3 m48.4 m

EBIT

158.2 m156.1 m166.3 m158.5 m154.1 m152.4 m

EBIT margin, %

80%79%80%80%79%78%

Pre tax profit

108.3 m106.1 m102.5 m101.7 m102.3 m102.5 m

Income tax expense

36.4 m35.6 m33.6 m33.6 m33.6 m34 m

Net Income

142.6 m219.2 m73.6 m145.6 m216.2 m69 m137 m205.7 m68.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

381.4 m677.9 m564 m437.4 m

Accounts Receivable

49.2 m51.9 m51.9 m8 m

Goodwill

1.7 b1.9 b1.9 b1.9 b

Total Assets

18.6 b21.5 b22.3 b

Accounts Payable

2.5 m3.2 m1.9 m17.3 b

Total Liabilities

18.7 b

Additional Paid-in Capital

1.8 b2 b2 b2 b

Retained Earnings

917.6 m1.1 b1.4 b1.5 b

Total Equity

2.8 b3.5 b3.6 b

Financial Leverage

6.7 x6.1 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

354.5 m301.2 m336 m333.7 m342.1 m325.7 m

Goodwill

1.9 b1.9 b1.9 b1.9 b1.9 b1.9 b

Total Assets

21.7 b21.6 b22 b21.8 b21.4 b22.5 b

Accounts Payable

17 b16.9 b17.9 b17.2 b16.9 b17 b

Additional Paid-in Capital

2 b2 b2 b2 b2 b2 b

Retained Earnings

1.3 b1.3 b1.4 b1.5 b1.5 b1.6 b

Total Equity

3.4 b3.4 b3.5 b3.5 b3.6 b3.7 b

Financial Leverage

6.5 x6.3 x6.3 x6.1 x6 x6.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

221.4 m297.4 m286.6 m274.5 m

Depreciation and Amortization

13 m13.1 m

Cash From Operating Activities

307.7 m348.3 m310.8 m334.4 m

Cash From Investing Activities

8.9 m(72.2 m)(650.6 m)41 m

Cash From Financing Activities

(261.4 m)20.4 m225.9 m(501.9 m)

Interest Paid

39.7 m43.2 m44.3 m42.7 m

Income Taxes Paid

92.2 m105.9 m103.1 m122.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

142.6 m219.2 m73.6 m145.6 m216.2 m69 m137 m205.7 m68.6 m

Depreciation and Amortization

3.4 m3.3 m3.3 m3.3 m3.3 m3.1 m

Cash From Operating Activities

194.5 m280 m116.6 m196.5 m279.1 m161 m226.9 m352.3 m144.4 m

Cash From Investing Activities

30.5 m(13.8 m)(448.2 m)(520 m)(451.2 m)292.4 m473.8 m856.8 m(256.3 m)

Cash From Financing Activities

(92.8 m)(316.2 m)8.1 m197 k(204.6 m)(681.4 m)(931 m)(1.4 b)202 k

Interest Paid

24.2 m34.7 m11.7 m21.5 m35.1 m10.7 m21.6 m30.7 m12.7 m

Income Taxes Paid

50.8 m78 m2 m42.6 m73.3 m5.4 m48.8 m83.3 m5.4 m
USDY, 2017

Revenue/Employee

64.5 k

Financial Leverage

6.1 x

Prosperity Bancshares Market Value History

Prosperity Bancshares Online and Social Media Presence

Prosperity Bancshares Company Life and Culture

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