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 Metrics

Prosperity Bancshares Financial Metrics

Revenue (2016)

$675.8 m

Revenue growth (2015-16), %

1%

Gross profit

$632.6 m

Gross profit margin (2016), %

94%

Net income (2016)

$274.5 m

Market capitalization (21-Mar-2017)

$4.9 b

Closing share price (21-Mar-2017)

$72.2

Cash (31-Dec-2016)

$437.4 m
Prosperity Bancshares's current market capitalization is $4.9 b.
Prosperity Bancshares's revenue was reported to be $675.8 m in FY, 2016 which is a 0.9% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$634.7 m$837.7 m$669.7 m$675.8 m

Revenue growth, %

32%(20%)1%

Cost of goods sold

$40.5 m$43.6 m$39.2 m$43.2 m

Gross profit

$594.3 m$794 m$630.5 m$632.6 m

Gross profit Margin, %

94%95%94%94%

Operating expense total

$247.2 m$330 m$313.5 m$318.4 m

EBIT

$481.6 m$652.9 m$430.2 m$632.6 m

EBIT margin, %

76%78%64%94%

Interest expense

$40.5 m$43.6 m

Interest income

$498.8 m$671.2 m$630.5 m$632.6 m

Pre tax profit

$329.8 m$445.7 m$430.2 m$408.7 m

Income tax expense

$108.4 m$148.3 m$143.5 m$134.2 m

Net Income

$221.4 m$297.4 m$286.6 m$274.5 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$381.4 m$677.9 m$564 m$437.4 m

Accounts Receivable

$49.2 m$51.9 m$51.9 m$53.3 m

Inventories

Goodwill

$1.7 b$1.9 b$1.9 b$1.9 b

Total Assets

$18.6 b$21.5 b$22.3 b

Accounts Payable

$2.5 m$3.2 m$1.9 m$2.3 m

Additional Paid-in Capital

$1.8 b$2 b$2 b$2 b

Retained Earnings

$917.6 m$1.1 b$1.4 b$1.5 b

Total Equity

$2.8 b$3.5 b$3.6 b

Financial Leverage

6.7 x6.1 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$221.4 m$297.4 m$286.6 m$274.5 m

Depreciation and Amortization

$13 m$13.1 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$307.7 m$348.3 m$310.8 m$334.4 m

Cash From Investing Activities

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

Interest Paid

$39.7 m$43.2 m$44.3 m$42.7 m

Income Taxes Paid

$92.2 m$105.9 m$103.1 m$122.4 m

Prosperity Bancshares Market Value History

Prosperity Bancshares Online Presence

Prosperity Bancshares Company Life

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