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Prosperity Bancshares PB Q1 2024 earnings

Reported April 24, 2024 · Before market open

Revenue$266.1MMiss by $10.9M
EPS$1.18Beat by $0.02
Revenue estimate$277.1M
EPS estimate$1.16

Next report

Date not yet announced

Financials

Q1 2024

Income statement

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Revenue$277.1M-1.6%
Net income$110.4M-11.4%
EPS (diluted)$1.18-13.9%

Balance sheet

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Cash & equivalents$1.1B+168%
Total equity$7.1B+5.4%
Total assets$38.8B+2.5%

Cash flow

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Operating cash flow$187.4M+4.2%
CapEx$7.2M-29.7%
Free cash flow$180.2M+6.3%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$6.16B+7.8%
P/E15.2×+4.4×
P/S5.6×+0.6×

Profitability

See full
Net margin36.7%-8.9pp
FCF margin56.4%+19.2pp

Returns & leverage

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Return on equity5.9%-2.1pp

Versus estimates

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Questions, answered.

When did Prosperity Bancshares report Q1 2024 earnings?
Prosperity Bancshares (PB) reported Q1 2024 earnings on April 24, 2024 before market open.
What were Prosperity Bancshares's Q1 2024 revenue and EPS?
Prosperity Bancshares reported revenue of $266.1M and eps of $1.18 for Q1 2024.
Did Prosperity Bancshares beat estimates in Q1 2024?
Revenue missed the consensus estimate of $277.1M by $10.9M. EPS beat the consensus estimate of $1.16 by $0.02.
Where can I find Prosperity Bancshares's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-055845) directly on SEC EDGAR. The filing index links above go to sec.gov.